Tclarke Share Discussion Threads

[harry hedge funds] 09/11/2012 12:02

Dare I say a further decline in margins/profitability with the imminent IMS Fri 16 Nov. It would follow on the back of warnings from BBY and SFR to name but two.

[ansc] 20/9/2012 14:14

Henderson Global still buying, they added a further 50k yesterday.

[drewz] 06/9/2012 18:55

Tommy Clarke's competitors falling by the way side...

[drewz] 21/8/2012 13:00

Creeping back up to 50p slowly, under the radar.

[ansc] 14/8/2012 13:51

Henderson Global still has faith, 86k shares added to their already substantial holding.

[zeuseq] 07/8/2012 12:02

OOPS £12.1m

Pension obligations

The continuing turmoil in the financial markets has again impacted our pension scheme liability, with the deficit increasing by GBP2.1m in the six months to 30(th) June 2012 due to the low yield on government bonds. We continue to meet our ongoing funding obligations to the pension scheme, with employers' contributions amounting to GBP0.4m in the first half of the year.

[zeuseq] 07/8/2012 11:58

£10m Final results March.

[goliard] 07/8/2012 11:48

I think it is up to £12m now. Big increase on last year.

[pifedayo] 07/8/2012 11:41

ZeusEq,

I suggest you read all the RNS and you will see the pension deficit comments.

[zeuseq] 07/8/2012 11:14

Margin erosion as I expected. What's the pension deficit here?

[goliard] 07/8/2012 10:06

Same management who hold virtually no shares in the business!

Paying a dividend is really foolish now. They need to be reserving cash in case they need it to cover a bad debt or for any other unexpected problem. I believe they are only paying a dividend as the advisors have told the board that income investors will sell the shares if they don't keep paying it. Classic problem faced my many companies and the next stage is normally a steeply discounted rights issue.

The business should have really good potential, but I don't think the worst has come for CTO yet. I previously said 30p was my target, but I am not sure if I would buy any if it dropped to that any time soon.

now... where is hvs? The BB has been far too sensible without him.

[drewz] 07/8/2012 09:48

Worst case scenario, although possible, Colonel.

Alternatively, CTO manage to cut out costs in delivering the forward order book and margins improve going forward.

Results viewed through the rear view mirror don't necessarily predict future performance. It's down to management.

The UK economy is still bumping along the bottom of the worst recession in more than a century, but we must come out of it soon, surely. The US has been out of recession since 2009.

The longer the Europeans vacillate about what to do, and continue to offer up nothing more than hope and endless summits, the worse it will get. They cannot avoid a very costly decision. Either breakup or a full fiscal union is going to be massively expensive. The only thing that can be more costly is to avoid doing either. If they don't act decisively, they will most certainly drag the US and global economy into recession as well.

[7he colonel] 07/8/2012 09:36

If any of those orders turn into a bad debt expect a hit to the balance sheet. I expect a profit warning/s over the coming 12 months,...sp 10-20p, then a rights issue or low ball takeover to save it from the knackers yard.

[ansc] 07/8/2012 09:25

Disappointing, yes, but not totally unexpected (nor the end of the world) in view of the continuing economic depression. The directors must be fairly confident that with a record order book, even with reduced margins, the dividend can be maintained. Another one for the bottom drawer!

I hope those waiting to buy @ 30p [goliard - 03 Apr 2012 - 16:03:48 (998 of 1043) = 'Well I am still holding out for 30p before buying here'] will be sitting on their hands for a while longer.

[philanderer] 07/8/2012 09:24

On the watchlist but that`s a pretty poor update

N+ 1 Brewin downgrades .... 'hold' tp 50p (from 60p)
Panmure keeps at 'hold' tp 40p

[huttonr] 07/8/2012 09:22

Results - not a pretty picture - margin 0.5%?? - not much scope for errors here - and the cash flow? Will the dividend be maintained?
These are the sort of results that I feared when I was posting earlier this year - I still think this is a company with a future after the recession clears but I'm becoming a little doubtful whether it will survive in the present form - the query is 'who will buy it' or will they just run out of cash?

[drewz] 07/8/2012 09:13

oh dear. Increased order book at the expense of margin is not what we wanted to hear.

Really need the construction sector to come back to life. There's no confidence out there at all. Bloody useless politicians. There is so much they could do to pump prime.

I hope CTO can keep the dividend going until then.

[goliard] 07/8/2012 07:23

Should be an interesting day here. Revenue down, margins down, profit down and poor outlook, albeit with a strong pipeline. Still no reason to buy IMO.

[drewz] 02/8/2012 16:58

UK construction sector grows unexpectedly in July

Britain's construction sector grew unexpectedly in July, as growth in commercial work offset shrinking housing and civil engineering activity.

....employment in the sector grew last month, with the PMI rising to 51.5 from 48.9 in June. Companies were also feeling more optimistic about business prospects than they were a month earlier.

[hvs] 02/8/2012 14:39

Jeff H ,

Thank you for your above post.

[drewz] 02/8/2012 13:54

Picked up another 10k.

Looking for gradual improvement in trading conditions from here on.

Should have put a base in here around 50p to move forward from, as construction activity picks up.

Three to five years time frame required. All imho, dyor etc.

[jeff h] 02/8/2012 09:27

Quite a few "highly significant" contracts won in June/July. The impression seems to be a tough environment but we are more than holding our own:-

Nationwide round up of wins in June and July

June and July have been important months for new business and Group CEO Mark Lawrence takes the opportunity to share the news: "it is extremely good to see a number of major projects being won across the UK. Many of these are highly significant for the business and weʼll cover them in greater depth in coming weeks - but it is important to keep our feet on the ground in every way. This remains a very tough and competitive market. The fact that TClarke is proving capable of weathering this - the longest recession in living memory - is testament to the work our teams do and the relationships which have been built upon that. Having sounded that clear note of caution, I think we can permit ourselves a smile because, in this, the week when our teams have been selected to provide the 24/7 maintenance back up at the Olympic Stadium, we are definitely on the right track."

There were substantial deals for the London team with our valued partners Mace on a major data centre for one of the leading UK banks and also at the Great Portland Estates Development at 240 Blackfriars. Further projects were also confirmed for Credit Suisse, Brunel University and at Wembley arena and the North Greenwich Arena in relation to the 2012 Games.

The Cardiff team won its largest and most significant project to date - the full M&E services for a major new facility for Swansea Metropolitan University featuring a wealth of sustainable features and aiming at BREEAM Excellent rating.

The Midlands team won fit out projects for both Waitrose and M&S and further work for Defence Estates while the teams in Cornwall, Leeds and TClarke East won a number of educational projects. In Newcastle, we won further project work involved with the major Redcar Heart development, while TClarke NW won a wide variety of projects for BAE.

Meanwhile the Scottish team won new projects for Miller Homes, Robertson Homes, Taylor Wimpey and Persimmon Homes and our DGR business in London won substantial contracts at the 3 Quays development - again with Mace - and at Oasis School.

[ansc] 31/7/2012 09:34

Interim results announcement due next Tuesday. Interestingly, this year's date is three weeks earlier than last year's timing so I'm hoping that the stock market adage 'good news travels fast' holds true in this instance.

[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.