ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

CTO Tclarke Plc

158.50
0.50 (0.32%)
Last Updated: 12:27:46
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% 158.50 158.50 160.00 160.00 158.00 158.00 59,666 12:27:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Trade Contractor,nec 491M 6.5M 0.1230 13.01 84.56M
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 £84.56 million. Tclarke has a price to earnings ratio (PE ratio) of 13.01.

Tclarke Share Discussion Threads

Showing 5026 to 5049 of 5125 messages
Chat Pages: 205  204  203  202  201  200  199  198  197  196  195  194  Older
DateSubjectAuthorDiscuss
30/11/2023
19:11
Let's hope of a possible work from this.
igoe104
30/11/2023
13:00
The two items explaining the bad news were, imo, interesting, and perhaps prudent. Having to change suppliers or subbies in the middle of a contract takes some doing. I've done both in the past on major civils contracts despite huge resistance from buying departments within the company I worked for, including being told that the CEO of the group said I couldn't do it. The thing that impresses me here is that this appears to have been done with the full approval, and perhaps more, from the senior management. If you intend to complete a contract on time, this sometimes needs to be done, and certain industries, almost certainly including data centres, brook no excuses. So if you want to keep doing the work you can't afford to miss deadlines.

The second item that perhaps I'm the only one who was impressed by, was settling final accounts with dodgy companies early, ie. not pushing too hard for too long on final account variation valuations, with a client who doesn't want to pay and if left too long may not be able to pay. Presumably this was housebuilding contractors, which would tie in with the reduction in the residential order book.

muckshifter
30/11/2023
12:48
As the oft quoted phrase goes "Revenue is vanity, profit is sanity"

I also hold shares in MEGP. Today they announced a small miss on revenue, but that profit will be at the top end of forecast. They are also down, by a similar amount. Seems any sort of miss is punished.

I'm not having the best of days..

dr biotech
30/11/2023
12:17
Did they mean net cash of £15m in December? If so that alone will make up a big portion of the current market cap.
dunns_river_falls
30/11/2023
12:03
Very disappointing. Setting stop loss not far below present price
tim1478
30/11/2023
11:18
To hold or not to hold, that is the question? Wish I knew the answer.
ansc
30/11/2023
10:05
Took a stake here recently at 125p on the expectation of a boost on this update.
I really don't care how big their order book is their margins are virtually non existent, not sure what to do as I can exit for little loss or hold on for another 3 months to see where things go.

salpara111
30/11/2023
09:49
The problem with CTO is it's a low margin business and they've never have a lot of cash on the books either, it's just not attractive.

They said some time back that their margins in aggregate would move beyond 3% due to increasing contracts in data centres et al, this doesn't seem to have happened.

They touted more cash at this TU but they also tapped up the markets earlier this year, how much of their cash buffer is residue from that.

I suspect the divi will be flat as well.

Great pay and benefits for the directors who don't have much skin in the game and a poor return for shareholders, might be worth a buy and hold if if went sub 100, but nothing about this business is that attractive, 500m revenue targets are pointless if the already thin margins are under more pressure.

Avoid.

owenski
30/11/2023
09:15
Looks like buying or selling depends on your timescale here.

Short term, earnings are slated to be below expectations, though still on a PE of around 8.3 at £1.20. Medium term is obviously unclear, 2024 might still be a bit difficult. But beyond with that order book, no debt and lots of demand, profitability should be excellent.

So on a 2+ year view this looks for me a buy, on a 6 to 12 month view perhaps not.

I do agree that being super bullish then just mentioning expected EBIT for the FY (not even EPS or profit) on the last line is pretty feeble spinning that fools no-one and leaves a bad taste in the mouth.

edmundshaw
30/11/2023
08:27
Its about time the Directors put their hands in their pocket and purchased some shares, if they have faith in there forward looking order book.
igoe104
30/11/2023
08:19
EBIT H2 last year was 5.5m. This year it's now between 3.3m and 4.3m? This statement is basically a profit warning. A pig with lipstick.
iandippie
30/11/2023
08:07
Nobody likes a hockey stick profile. Margins are thin and the likelihood is that 2024 will have similar issues with subcontractors and contract delays. Tough one, as the data centre story is nice, I am a holder.
rimau1
30/11/2023
07:45
That would still put them on an undemanding PE of about 7.

Problem here is huge revenues don’t translate to huge profits and any exceptional costs will hit the bottom line. I’m expecting a moderate fall on opening…may be worse given how even inline updates have led to falls in this current market


Going forward though things look decent enough.

dr biotech
30/11/2023
07:41
So it will take a little longer for the increase in revenue to filter through to the bottom line.Order book up £325m from July to £1,106m.Undemanding rating whatever way....
bsdjj
30/11/2023
07:41
A 26% reduction in 2023 eps estimates according to Cavendish on ResearchTree.
tiswas
30/11/2023
07:40
I sold out a few years ago because I felt the management was untrustworthy. My breaking point came with the £2m investment in Gooee, which promptly went bust, with the £2m hit being taken surreptitiously below the line with no comment in the CTO results. The Gooee liquidation showed no trace of this £2m, which purportedly bought a minority shareholding for CTO in the business. I am not convinced that it ever reached Gooee.
effortless cool
30/11/2023
07:36
'It is anticipated that projects will continue to be delivered to their project programmes and, as a result of the actions taken in the second half, the Group's 2023 operating profit (EBIT) is now expected to be in the range of GBP9 million - GBP10 million.'
spooky
30/11/2023
07:34
Indeed, very underhand. Impacts my trust in management when they do things like that.
spooky
30/11/2023
07:32
Why is this a sneaky update? It reads very well to me!
kneecaps2
30/11/2023
07:10
Sneaky update. Reads like a beat. But 2023 EBIT now going to come in significantly below broker estimates. Have they really lost £2m-£3m EBIT just due to some early contract agreements and changes of supplier?
gdjs100
29/11/2023
19:27
Good update tomorrow hopefully.
mfhmfh
17/11/2023
17:00
Added today but my buy is showing as a sell.
peddlers
14/11/2023
08:51
Hi all

New thread for sharewatchers. General chat about SCSW followed stocks so investors can discuss 2024 etc. No sharing of subscriber only information

john09
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
Chat Pages: 205  204  203  202  201  200  199  198  197  196  195  194  Older

Your Recent History

Delayed Upgrade Clock