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CTO Tclarke Plc

158.50
0.50 (0.32%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tclarke Plc LSE:CTO London Ordinary Share GB0002015021 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.32% 158.50 158.00 158.50 159.00 158.00 158.00 102,099 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Trade Contractor,nec 491M 6.5M 0.1230 12.93 84.03M
Tclarke Plc is listed in the Special Trade Contractor sector of the London Stock Exchange with ticker CTO. The last closing price for Tclarke was 158p. Over the last year, Tclarke shares have traded in a share price range of 105.00p to 167.50p.

Tclarke currently has 52,850,780 shares in issue. The market capitalisation of Tclarke is £84.03 million. Tclarke has a price to earnings ratio (PE ratio) of 12.93.

Tclarke Share Discussion Threads

Showing 5001 to 5024 of 5125 messages
Chat Pages: 205  204  203  202  201  200  199  198  197  196  195  194  Older
DateSubjectAuthorDiscuss
11/11/2023
12:28
Investors rather stick money into bitcoin rather than good solid companies like CTO. Most of these cypro Investors don't even know what they are investing in themselves.

Its hard to believe bitcoin is up 121% YTD whilst good companies continue to struggle. 🤷

igoe104
10/11/2023
19:46
I'm surprised at the-possible-weakness shown here also. Heaven knows, there's enough bad news out there that you don't have to look for too long to find downside catalysts...but...

Anyway, I persuaded myself to top up at 124p today 🤞

cwa1
10/11/2023
19:11
Thanks, rivaldo. I'm still baffled by the ongoing share price weakness but will be sitting on my hands regardless.
ansc
10/11/2023
13:58
Posted on CTO's web site dated 8th November, confirming it's a big one:



"Once again Scotland beats record for M&E project scale

TClarke Scotland has won a major project with partners Heron brothers to build the vast new Eurostampa printing facility in Cumbernauld. This win improves on our previous record for project value, as TClarke cements its presence as an M&E leader in Scotland.

Scotland Managing Director Chris Harris congratulates the teams responsible for achieving the win:

“The Eurostampa UK project is an 82,000 sq ft expansion and refurbishment to create a vast new state-of-the-art specialised printing facility. This is a major project within the market and our ability to succeed here, partnering with Heron Brothers, is another step forward for the company."

rivaldo
06/11/2023
10:20
Another good find, igoe104, thanks.
ansc
27/10/2023
10:07
Well spotted, Igoe. The curent share price weakness baffles me.
ansc
27/10/2023
09:29
Another project win in Scotland. A full M&E package for eurostampa state of the art printing facility...
igoe104
25/10/2023
07:23
Contract win news posted yesterday - looks like a sizeable 18-month contract from happy previous customers:



"GPE and Lendlease trust TClarke to deliver again

TClarke has been awarded both the Mechanical and Electrical packages to deliver 2 Aldermanbury Square for long term partners GPE and Lendlease. 2 Aldermanbury Square aims to set exceptional standards across environmental metrics, while delivering a new HQ for global legal firm Clifford Chance. Group Chief Executive Mark Lawrence commented :

“I am proud that GPE and Lendlease have once again trusted TClarke to deliver this landmark. I often talk about the ‘TClarke Way’; the culture it sets defines the values we embed within our teams across all our projects – and it is these values that create our success.

“When GPE and Lendlease trust TClarke to deliver on 2 Aldermanbury Square, that trust is based on decades of successful collaboration. Working together in recent years we have delivered successful projects such as Rathbone Square and Oxford House – now recognised as 1 Newman Street & 70 / 88 Oxford Street. The team at 2 Aldermanbury Square are the same team who delivered Oxford House.

2 Aldermanbury Square is a special project – focused on achieving ambitious embodied carbon reduction targets, as well as the NABERS 5 Star accreditation. The M&E packages include large scope of works items such as:

Tenant Life Safety Generator Package
HV / LV Package Substations
LV Systems
Gravity & Symphonic Drainage
Domestic Water Systems
Heating & Cooling Systems
Condensate Systems

Our team is now mobilised on site, undertaking key design and technical reviews, BIM Modelling and drawing production in advance of our start on site in April 2024, with a project completion in Q4 2025."

rivaldo
21/10/2023
09:03
Are we still expecting an RNS to confirm that CTO has won (or otherwise) the contract(s) which were the instigators of the recent fund raise?
brad_k
21/10/2023
00:33
Yes this stock (I have held on and off for a few years now) does tend to see fluctuations in stock price that simply are not reflective of a change in outlook. Simply put, the outlook does not change that fast for a company such as this.

So yep buy / top up when it goes down is wise (IMO).

thorpematt
16/10/2023
15:40
Buy order triggered today guys.

These are looking very very cheap at these levels

Good luck.

P.

peddlers
22/9/2023
14:47
Definitely one for the bottom drawer.
ansc
22/9/2023
10:29
Momentum Investor said Buy in their last-but-one September issue. Here's their summary:

"In response to an order book growing from £586m in H1'22 to the current £781m and a pipeline in excess of £1bn, electrical and mechanical contractr T Clarke has raised £10.7m gross via the issue of new shares at 122p. The funds will be deployed to deliver identified contract opportunites in London as well as strengthening the balance sheet.

The buoyant placing cam just before interim results, which were in line and showed a slight decrease in EBIT profit to £5.7m (£down £0.3m) but with EBIT margin up 0.1% to 2.8%.

This year will be a stub year (Cenkos eps: 17.4p ) before a surge to 24.2p and 27.1p.

T Clarke's markets are resilient with growth hot spots in government-backed infrastructure such as new hospitals, data centres and the move to net zero (driving office fit-outs) and with the prospective PE for next year dropping to just 4.8 and the dividend yield a useful 4.6% (5.9p forecast), I am a buyer."

rivaldo
08/9/2023
11:06
Looks like CTO are part of this massive framework.
igoe104
08/9/2023
11:02
I would think CTO will be quite happy to let competitors busy themselves with the bits and pieces of electrical work involved in remedial work because of the failed "aero" concrete, which, scandalously, probably only just achieved its design life before beginning to deteriorate. Short sighted, short term government decisions as usual.

Where I could see CTO work would be in an accelerated new school building programme where their expertise would count.

muckshifter
08/9/2023
09:44
Cheers igoe104 - here's his commentary:

"I've picked up some T Clarke CTO.

It looks mighty cheap! A forward PE of just 6. A peg of just 0.3 and a dividend of nearly 5% ticks a lot of boxes.

It also has major support at 130p. I've been trying to buy it on DMA so I could buy at the sell price but try as I might I couldn't find any sellers which I suppose is a good sign.

I wonder if TCO might get some work in some of these schools that will need work doing that we're all read about this week.

It offers building services across the UK, including schools, residential, hotels etc and offers engineering services and facilities management.

Seems a decent well run company at a great price. Initially targetting a lift back up to 150-160 but it could end up a longer-term hold.

TCO boss Mark Lawrence has been with the company for 37 years, that is some experience!"

rivaldo
07/9/2023
19:24
Robbie Burns the naked trader has just purchased some CTO, thats why its suddenly spiked.
igoe104
05/9/2023
11:46
Looks like lots of potential work for CTO..



TClarke announces place on UK decarbonisation framework

TClarke is announcing a second strategic public sector framework win. The Procure Partnerships Framework, which starts in November 2023, will focus on the £25bn challenge of decarbonising UK public buildings. To hit the UK government’s stated target for 2030, 91% of public buildings in England and Wales will need to be upgraded in the next seven years.

This company deserves a much better rating...

igoe104
03/9/2023
08:43
All problems with alot of schools and hospitals being unsafe. Could be good news for CTO as they should pick up alot of business...
igoe104
29/8/2023
14:48
I reckon this is way below any fair valuation - even on a contractor's discount. So I have increased position size.

I ought to add that I took quite a bit off the table at a far higher price in late 2021, so in some respects I am simply buying back what I sold.

The fundamentals for the sector have continued to develop positively since and predictions of a rise in net margin here rather backs that up.

I have made deductions for PD contributions and used PAT as opposed to PBT and I still cannot justify the discount.

If you consider the demand for data centres,smart buildings, energy transition etc. the tailwinds here, coupled with the company's expertise (barrier to entry) mean the investment case is compelling. And at this discount it make sense to load up a little I think.

thorpematt
25/8/2023
06:16
Link below to framework announcement
stevesham
24/8/2023
19:36
Large framework announcement.

TClarke wins place on key £545m Public Sector framework

TClarke has been selected as an engineering services provider on the 4-year Pagabo Framework that supplies UK Public Sector Bodies across the country from education and research to the NHS, emergency services, councils and housing associations.

igoe104
06/8/2023
07:22
Tipped by Midas in today's Mail:



Conclusion:

"Midas verdict: Midas recommended TClarke in 2017 when the shares were 76p. By last year, the price had surged to £1.53. Today, they are £1.30. That decline should swiftly reverse. TClarke is known for delivering top-notch work, 90 per cent of its customers come back for more and the recent fundraise highlights management confidence in the future. Existing investors should hold. Newcomers to this business could also find the current price attractive."

rivaldo
02/8/2023
13:43
The tip for CTO in July's Momentum Investor write-up hasn't been posted here, so here's its concluding summary:

"Order book up £135m

Looking ahead, prospects are rosy with the AGM statement noting that following strong trading in the early months of 2023, the order book has increased from £585m to £720m, covering most of this year's forecasts right through to 2025. As well as data centres it has great prospects in healthcare, ranging from fitting out single MRI rooms to two new hospitals in Bournemouth and Scarborough as the Government's much delayed 40-strong new hospital program swings into action. Even the mature commercial office refurb market is gaining a kicker from legislation to upgrade the energy saving credentials of a building to band E or better before from April 2023 and band B by 2030. Lawrence says the overall bidding pipeline is now over £1 billion and crucially Clarke's capacity investment means it could handle turnover above £700m without recourse to further spend.

With next year's prospective P/E just 6.4 (me - at the then 153p) and underpinned by a useful 3.9% (5.9p forecast) dividend yield, the shares have both short term and longer term potential. I am a buyer."

In addition:

"this month's front-page write-up, mechanical and electrical contractor TClarke, is benefiting from a massive boom in data centre construction. A confluence of factors ranging from growing cloud adoption, the Internet of Things, emerging technologies like AI, big data and blockchain, data compliance (driving demand for its storage) and the roll-out of 5G infrastructure have all led to a steep increase in demand for data centres."

rivaldo
Chat Pages: 205  204  203  202  201  200  199  198  197  196  195  194  Older

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