Tclarke Share Discussion Threads

[igoe104] 11/3/2022 15:12

Excellent presentation, they seem a very focused management team with a clear vision.

[cwa1] 11/3/2022 07:19

Investor presentattion:-

[squarepeg86] 10/3/2022 10:10

Ah really, thanks. I was just assuming it was because people absorbed yesterday's results last night.

[gdjs100] 10/3/2022 09:46

It was on the website last night, that's the reason for today's move.

[squarepeg86] 10/3/2022 09:33

I wonder if this will feature in IC tomorrow, Simon Thompson seems to have T Clarke on his radar and likes to tip it. That generally brings the biggest rise here.

[johnwise] 09/3/2022 18:15

09/03/2022 7:00am

RNS Number : 0892E

TClarke PLC Final Results

[edmundshaw] 09/3/2022 08:40

Fall on net cash is of course just a consequence of the cash requirements of ongoing contracts. So in a sense it is a good thing!

Anything under 150p seems stonking good value to me. Really consistent and safe growth stock at a value price.

[thorpematt] 09/3/2022 08:05

Funny, I was gonna post (roughly0 this: -

"can anyone can find any negatives?" (struggling)

...I see you're all struggling too.


Essentially I had forecasts as bang on track.

Fall in net cash is all I could come up with FWIW. I would have to read the statement more thoroughly to assess the reasons on that, but VAT changes etc. I'd guess.

[cwa1] 09/3/2022 07:50

Couple of small pieces from this morning's Cenkos note:-

We are not fundamentally changing our forward forecasts save for an upgrade to dividends, so after a 25% price correction YTD (All Share -8%) the shares represent outstanding value. TClarke trades on a FY23E EV/EBITDA of 2.5x (4x adjusted for pension deficit), PE of c5x, yield 4.5% with a FCF yield of 16% and an ungeared balance sheet. Buy.

and

Valuation: Until the recent market and particularly sector sell off, TClarke had been showing solid outperformance. The setback is a buying opportunity; given the group’s momentum an adjusted EV/EBITDA of 4x and PE of 5x with now accelerated dividend is highly attractive.

[cwa1] 09/3/2022 07:39

That seems reasonable 18BT. Off with their heads :-)

[18bt] 09/3/2022 07:37

The only thing I can think of is that it is spot on the market forecast on all metrics except for the dividend, which it has beaten. So they could mark it down for not out performing the forecasts which the company guided them to...

[saurish] 09/3/2022 07:34

Not yet, I was looking for the same comma, but couldn't find it! Results look pretty good and the business seems to be heading in the right direction. A 17% increase in order book that comprises of a 188% increase in technology orders ensures a smoother runway and reduces the cyclicality of the business. IMHO DYOR

[john09] 09/3/2022 07:20

Looks good

Has anyone found anything that the market can use as an excuse to mark this down? A COMMA MISSING OR SOMETHING LOL. Thats the current environment !

[cwa1] 08/3/2022 12:11

I've had a bit of a wild swish and taken a few. Not expecting this to be the bottom, sadly I fear there's worse to come. However, fingers crossed it might be reasonable value longer term...

[santangello] 08/3/2022 11:30

Looking forward to 07.00 tomorrow and Results :)

[albanyvillas] 10/2/2022 13:42

off she goes

[albanyvillas] 10/2/2022 13:16

:) Yes especially when we can buy Perky on a Price Earnings ratio of 7

[cwa1] 10/2/2022 09:26

We like perky ;-)

[cwa1] 08/2/2022 11:03

Just persuaded myself to have a modest top up at 136'ish, the last update was fairly positive:-

'TClarke has had a tremendous second half of the year delivering a record level of turnover for that period and ending the year with an order book exceeding £530m; another record.



During the year, the Group has broadened its offering whilst strengthening our resources so that clients can be assured in our ability to deliver their projects. We are on track to achieve our growth ambitions and I am extremely excited and confident for the outlook for TClarke.''

So I've put on my rose tinteds and am hopeful that will be translated in to share price performance...eventually...

[igoe104] 01/2/2022 12:16

Just signed up for the investors presentation on the 11th March, should be very positive..

[igoe104] 28/1/2022 14:09

Excellent company to hold and positive guidance going forward. Certainly a strong hold for me.

[santangello] 27/1/2022 09:01

If Carlsberg did Trading Updates.......

[ansc] 10/1/2022 15:23

Just to remind shareholders in these turbulent times:

Outlook and Order Book Growth

At 30 June 2021 we reported that the business had reached a significant strategic milestone with the forward order book in excess of GBP500m for the first time. At 31 October 2021 the forward order book had increased further to GBP525m; in excess of GBP320m as at that date (2020: GBP257m) was already secured for 2022 with many other significant opportunities in our bid pipeline.

As a result of the continued strength of the Group's forward order book and the proportion of the order book already secured for 2022, the Board now expects revenue for the year ended 31 December 2022 to be ahead of market expectations at GBP410m.

The Group has five key market sectors: Infrastructure, Residential & Hotels, Engineering Services, Technologies and Facilities Management. Technologies is a major growth area and key to achieving GBP500m. It is therefore pleasing to report that the Board now expects one third of Group revenues to come from Technologies in 2022, up from under 15% in 2020.

Our long-standing, high quality reputation and the strength of the relationships with our blue-chip clients is a key asset for TClarke. Furthermore, our strong balance sheet continues to be a significant differentiator and enables us to win and deliver projects of a scale which positions us well for further growth.

We approach the new financial year in a strong position, both operationally and financially which gives the Board confidence for the Group's prospects for delivering our GBP500m revenue target by the end of 2023.

Date: 25 November 2021