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 Shares Traded Last Trade
  -2.50 -1.72% 142.50 53,291 16:35:15
Bid Price Offer Price High Price Low Price Open Price
140.00 145.00 147.00 145.00 147.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 327.10 7.80 14.99 9.5 63
Last Trade Time Trade Type Trade Size Trade Price Currency
16:26:05 O 2,815 142.10 GBX

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Posted at 26/1/2023 08:15 by johnwise
TClarke PLC Trading Statement

Posted at 24/11/2022 08:18 by spooky
In reality its a big profit warning IMO. Its all down to personal opinion whether its in the price or not.
Posted at 24/11/2022 07:19 by aishah
Confident trading update:
"2022 is expected to be the first time Group revenues have exceeded £400 million. Operating margins (EBIT) are anticipated to be circa 2.8%.

As a result of this strong performance, the Group's earnings per share are expected to rise by approximately 27% in 2022 when compared to the prior year.

The Group remains on track to deliver £500m revenues in 2023."

"We are currently tendering in excess of £1bn of opportunities and are expecting decisions on approximately £500m of tendered projects by early 2023."


Posted at 18/7/2022 06:26 by johnwise
TClarke PLC Investor Presentation CTO

Posted at 15/7/2022 17:32 by tole (LON:CTO) – record first halfThis building services group has declared a great set of half-time figures to end June.Revenues in H1 were £206.2m (£138.2m) while pre-tax profits were £5.5m (£1.9m), jacking interim earnings up to 10.24p (3.58p), with a 1.25p interim dividend (0.75p).What looked very strong was the increase in its forward order book to a record £586m (£503m) as net cash increased to £7.2m (£2.0m).The group is getting ever closer to breaking the £500m sales barrier, with £450m (£327.1m) being the full-year guided estimate.Kevin Cammack, analyst at the group's broker Cenkos Securities, rates the shares as a 'Buy', with a 185p 'fair value'.He is looking for the company to make £11.5m (£7.8m) in adjusted pre-tax profits, taking earnings up to 21.4p (15.0p) and lifting the dividend to 5.3p (4.8p) per share.In my view, the shares at around the 157.5p level still offer significant upside.
Posted at 24/5/2022 12:34 by ansc
CTO presenting at the Mello Investor Conference this morning, does the spike in the share price indicate that there was good news in the wind for investors?
Posted at 13/5/2022 17:13 by tole (LON:CTO) – data centres business growing fastThis group is a nationwide specialist in electrical and engineering services. It covers span design, installation, commissioning, and maintenance. It provides its services to the UK construction sector.At Wednesday's AGM, investors were told that trading for the 2022 has started strongly, with its orders flowing in very well.On 30 April its high-quality order book stood at a record high of £585m, which compares with the end 2021 figure of £472m.It would appear the growth of its data centre business, a relatively new activity for the group, has been building up impressively. It is expected to account for a third of the group's business by the end of this current year. More growth from this side can be expected.Market estimates for the group this year centre around £410m of sales and an EBITDA of £13.9m, pumping earnings up to 21p per share.Those estimates compare with the current 153.5p share price for this £666m capitalised group.The group's interim results, to end June, will be announced on 14 July.Its shares peaked at 186p late last September, a level at which I consider they will be trading very soon.
Posted at 30/3/2022 22:33 by thorpematt

Yes it is very misleading. The term net debt is not really what it is in my view.

What has always been quite useful on the ADVFN balance sheets is the pictorial view.

The LT debt not the current liabilities are in my book what to look out for . As per the dark red block, this is modest and when balanced against the yellow of the cash you can get a quick feel for the levels of a net calculation.

The sector comparison is also quite easy as a visual aid: -


As far as I can tell CTO has a small net cash situation at year end. (about £4m)

One other way of seeing what ADVFN thinks is the net position, is to view the EV. This is under the solvency ratios section and has £71m. If you compare that to the Market cap, they are actually saying there is a net debt of £7m ish.

In terms of long term leases these are neglible. The PD is worth a footnote. This is described in the annual report thus: -

"Defined Benefit Pension Scheme Obligations

The most-recent formal actuarial valuation of the Group's defined benefit
pension scheme at 31st December 2018 showed a deficit of £24.9m, representing
a funding level of 59%. Following the valuation the Group committed to a
deficit reduction plan to eliminate the deficit over a 12 year period, and
throughout 2021 it continued to make additional contributions at the agreed
rate of £1.5m per annum. The Group also continues to provide security to the
pension scheme in the form of a charge over property assets up to a combined
market value of £3.1m. A new formal funding valuation is being carried out as
at 31 December 2021 and the results will be reported in next year's Annual
Report & Financial Statements."

Posted at 14/3/2022 14:31 by tole – bringing a building into life pays off for this undervalued groupBy Mark Watson-Mitchell 14 March 2022 4 mins. to readTClarke – bringing a building into life pays off for this undervalued groupIt is a fair bet that you may never have heard of TClarke (LON:CTO).This company is over 130 years old and has offices and operating centres across the UK.To developers and construction companies, however, it is a very well-known, respected and important name.The businessFrom St Austell to Falkirk this building services company plies its trade. From its four main regional operating areas and its 19 offices, the company has an excellent national coverage.It spreads five main market sectors – infrastructure; residential; technologies; mechanical and electrical contracting; and finally, facilities management.It is involved in providing building services and solutions, not for the shell of a building or the internal fabric and decoration, but instead for practically everything else.Its areas of expertise are in powering a building, heating it, lighting it and, importantly, making it intelligent.Effectively TClarke 'brings a building to life'.The company within its M&E contracting business has capabilities in sectors, including commercial offices, retail, education, healthcare, financial services and media.Over the last few years, it has been involved in a number of UK Data Centre projects. It is now widening its offer into the European market, where such projects can have overall £30m-£40m values, with some topping £100m.Bringing the building to life with power, services and systemsA building has a shell and a core that keep the weather out and keep it standing. It also has an internal fabric and decoration. Everything else in between – all the things that power it, heat it, light it and make it intelligent – are the group's area of expertise.Power is distributed and controlled.Services – including heating, lighting, ventilation, water, waste and their networks and controls.Data networks are made resilient and secure.Internet services and coverage are delivered throughout the space.Alarm, security and safety systems are integrated and controlled.Building Management Systems are integrated along with all the IP addressable components on the system. Data and control of the building is brought together within advanced graphic user interfaces that make them easy to use.Last week's finalsLast Wednesday the group declared its final results for the year to end December 2021.It reported a 41% increase in its revenues to £327.1m (£231.9m). an adjusted pre-tax profit up 53% at £7.8m (£5.1m), generating a 46% improvement in earnings of 14.99p per share (10.29p) easily covering a 10% increased dividend of 4.85p (4.4p) per share.A split down of last year's £327.1m revenue identifies that M&E contracting represented just over a third of the business at 35.7%, with infrastructure 24.1%, residential and hotels at nearly 17.1%, technologies 15.1%, and facilities management making up the 7.9% balance.At the year end the group's order book stood at a record £534m (£456m).The group's CEO, Mark Lawrence, stated that"The business is in excellent shape having finished 2021 on a high and delivering the first year of our £500m revenue growth plan, winning a wide range of work across our chosen market sectors. This is clearly reflected in the strength of our order book which again has reached a new record high."He goes on to confidently declare that:"Our order book will translate to record revenues; TClarke can offer our clients the widest possible solutions from a single contractor, utilising our resources so that they are assured we have the ability to deliver. That's why we believe TClarke remains the contractor of choice for so many and we remain focused on maintaining our market leading position.We start 2022 in excellent shape and well placed to deliver a strong future performance."The group's growth strategyThe company's growth strategy is focused on maintaining and developing its core markets whilst significantly expanding its data centre business.It is also undertaking more large projects outside of London, such as those being delivered for a major financial institution by its Manchester business. As well it will be expanding both its healthcare offering and its energy efficient smart building solutions.Through successful targeted tendering and operating efficiency it is focused upon its margin sustainability at 3% and better.The EquityThere are some 43.92m shares in issue.Large holders include Regent Gas Holdings (16.9%), Interactive Investor (7.83%), Heritage Capital Management (5.74%), Hargreaves Lansdown Stockbrokers (5.32%), Barclays Bank, Private Banking (4.60%), Walker Crips Investment Management (3.11%), TClarke Employee Share Ownership Trust (2.52%), Cavendish Asset Management (2.01%), Hargreaves Lansdown Asset Management (1.99%), and finally Chelverton Asset Management (1.37%).Brokers ViewAnalyst Kevin Cammack, at the group's brokers Cenkos Securities, estimates that for the current year a £410m turnover is possible, upon which the company could make £11m of adjusted pre-tax profits, worth 21.1p per share in earnings, and a 5.1p per share dividend.For next year his estimates are for £500m turnover, £13.5m profits, 24.6p earnings and a 5.3p per share dividend.Totally understandable why he rates the shares as a 'buy'My ViewOn the face of it this may look to be a boring company – but I would totally disagree with that impression.It is a good solid business, only valued at around £74m, it is ungeared with some £7.3m net cash and that should increase to over £10m by this year-end.Furthermore, it also has unused banking facilities of £25m.In the last year the shares have been up to 186p, I see them going back up there again in 2022.Its shares at 147p, looking for a current year yield of some 3.5%, and trading on only 6.9 times earnings – are a 'no-brainer'.
Posted at 14/6/2021 07:18 by igoe104
Looks like more bad news for NMCN, is having a effect on CTO share price today. Even though CTO is a completely different animal...
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