Tclarke Share Discussion Threads

[gargoyle2] 22/6/2012 02:46

And who are you not alone with?

[drewz] 22/6/2012 01:15

william,

why don't you rate this company?

what are they doing wrong?

it is obviously tough out there and margins are tighter than ever.

[william7093] 21/6/2012 18:33

dont rate this company and it is in the price im not alone in thinking this

[applesanpears] 21/6/2012 11:17

Latest news from their website,which looks very promising going forward.


Regards to all

[hvs] 14/5/2012 10:56

lol !!!!!

The world is about to end.

[goliard] 14/5/2012 10:17

The main reporting is of a further downturn in the construction sector. CTO are holding up ok against this, but are clearly being affected by it. The problem here is the potential for many more years of uncertainty in the sector. HVS thinks that anyone with a negative view is an idiot, but he bought in here at 80p, which I think says it all.

[asagi] 12/5/2012 15:36

The FT mention by Bryce Elder just reports the price move, nothing beyond what a reader could get from the RNS or closing prices. Has anyone seen the Times mention?

[hvs] 12/5/2012 11:07

Looks like Mark1000 will be the next CEO at CTO.

lol !!!!

[hvs] 12/5/2012 10:53

Now mentioned in The Times and the F.T.

Shall we still let the IDIOTS rule ?

[joan of arc] 11/5/2012 20:25

Good points, Mark. How did you sus all that out?

[kneecaps2] 11/5/2012 16:22

i think you will find there has been good sized director buying today which will bring confidence back into this stock

[mark1000] 11/5/2012 15:54

I still remain negative on this but have to begrudgingly admit not a bad result. On the negative side they are still burning cash and but for the property sale they would have been eating into the overdraft. If they are being taken for more credit some of that will eventually turn into bad debt. Order book has improved lets see next year if that is at the expense of margins. The higher turnover that will result will need to be financed so its important they impose stricter controls over working capital in particular credit control. Finally they should have bitten the bullet on the defined benefit pension scheme and moved onto the defined contribution scheme moving the risk off the shareholders on to the employees. The BOD hold hardly any shares this remains a concern to me as their interests and ours are not the same may be thats why they have not moved away from the high risk high expense defined benefit scheme of which they are presumably major beneficiaries.

[hvs] 11/5/2012 15:11

Facts are facts

DYOR.

[goliard] 11/5/2012 10:56

Exactly right, but HVS doesn't let facts or sanity get in the way of his ideas.

[wjccghcc] 11/5/2012 10:29

About half the companies I follow have one.

However, with a 10mmm pension deficit and a large pension fund vs their 20mm mkt cap, I'd guess any bidder would need to pay at least 15mm extra just to insure the pension liabilities. Add that to the current PE of 8 and they'd be paying a PE of 14 for what is a low margin business with little pricing power and that's without any takeover premium thrown in.

[hvs] 11/5/2012 10:12

Who doesnt have one ?

[wjccghcc] 11/5/2012 10:11

I'd have thought the pension deficit would deter most bidders.

[falia] 11/5/2012 09:45

bid at what price

[hvs] 11/5/2012 09:07

Very good statement.

Bid coming.

[goliard] 11/5/2012 07:51

Looks reasonable, but still cautious. Definitely one that will benefit from an eventual return in confidence, but I am not yet desperate to buy in.

[asagi] 11/5/2012 07:47

AGM statement out this morning:

trading:
...in line with the Board's expectations despite our markets remaining challenging due to the weak economic conditions...encouraging to note that there is some evidence that Clients and Principal Contractors are becoming increasingly discerning,... by selecting strong partners. With the Group's long history, reputation and financial strength TClarke is well positioned to benefit from this trend. TClarke has no long term debt and entered 2012 with a strengthened balance sheet.


Order book:
it is pleasing to report that our order book has strengthened over the period. As at 30 April 2012 the value of our order book was £210m (April 2011: £190m) an increase of 11% from twelve months ago. With £100m of this work scheduled to be undertaken in 2012 having already completed £46m so far this year the Group has secured over 80% of its target revenue for 2012.

After recent declines I expect shares to rise this a.m. I shall be at the AGM later today.

Asagi (long CTO)

[goliard] 20/4/2012 10:18

Which is exactly what I said, but thanks for repeating it.

[pifedayo] 20/4/2012 10:12

Goliard

The final dividend is 2p making 3p for the full year.

[goliard] 20/4/2012 10:09

2p final, 3p total.