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in here, thought there'd be a couple of posts given the bargain looking price this seems to have slipped too. Especially for a decent dividend paying company, or is that under threat ?
Just bought fair few shares. Used to work for them in the 80s.Recent figures look fine always have plenty of on going projects. Let's hope for a proper uprate soon. I think some buys being shown as sells. Quite standard.!!
SP still crazy. March results show a profit of 9.2 mill - up 15% and net cash of 12.4 mill. At this price the share is a steal.
Where are the buyers?
With the PE as low as it is and interest from Regent, surely the only way from here is up.
Plus it's a great little company which increases profits every year. And should be getting back to work now if they are not already.
Today's announcement on postponing the AGM and possibly the final divi is a class act in how NOT to make an announcement. Very little detail and strategic rationale given. Look at Serco for a class act on how to announce a divi shelving. This has reduced my faith in management so whilst previously I have been adding to my position I will no longer do that. That said, I won't sell down as Regent Gas's position building (takeover?) is helping support the share price and at account for the fairly muted share price reaction this morning.
One wonders what Regent's plan is?
Regent now up to 13.7%. They seem happy to scoop up any shares around here which I would guess puts a floor under the share price
Government has just confirmed that construction work can continue, so long as social distancing is practiced, in an announcement by minister Robert Jenrick. Short term forecasts for T Clarke financials are impossible, as the trading statement said last week, but have added to my position at 78p. Strong balance sheet will see T Clarke through (in 3-6 months, looking at China's experience with CV19) and allow it to pick up work where firms with weaker finances are unable to bid or are no longer in business.
CTO's results today are wonderful. I still hold and would but more but the MM's have F .... it allup with huge spreads of nearly 10%.
Great company though.
maybe less gov contracts now, things have changed .
I know that the market has gone crazy but this is down more than the banks and the travel companies today! Why? Have I missed some specific rns?
The company has lots of potential for growth. PEG was 0.20 in April 2019.
The change in Chancellor yesterday will mean a loosening in the purse strings as Number 10 gains more control of policy making. History indicates that this may not end well (the last time Number 10 had such control over Number 11 was the notorious Barber Boom of the early 70's) but for now, enjoy the ride with domestic stocks like T Clarke.
Market cap of £58m regrettably means T Clarke doesn't get the analyst coverage it deserves.
But this will come in time.
Seems like a great company to me. One to hold for a few years.
Why is there so little interest in this brilliant co? Another excellent trading statement, increased profit forecast a 3% yield. What more do you want and all for a lowly PE of 8.6. More money going into property this year so we are told. What's not to like?
Bargain.
I did not sell my holding of course. Merely replying to Ronaldo. I think that anything to do with property is suffering at present, but if it looks like Boris will win, then property will be the first to surge, so I'm hanging in their. I certainly don't think there is much downside from here, unless Commie Corbyn is elected.
Trading statement due 27 of this month.
Should put a bit of fizz into the pop I hope.
WE all know that this share price represents superb value at the moment. I have held on this knowledge. I am sure that once Brexit is out of the way, one way or the other, the cloud of uncertainty will lift, companies will increase their investment and the SP will rise. It's only about mood music. Nothing has changed about the company and profits have increased.
Good call Rivaldo
I bought a few today. Just a nibble - looks like some support here.
I've reluctantly sold, concluding today. The commercial construction data yesterday was absolutely awful:
Https://www.constructionnews.co.uk/data/new-construction-orders-lowest-since-2009-03-09-2019/
CTO is a very, very well-run, high quality company. But in the current climate, even if CTO manages to maintain its order book, I can only see investor sentiment towards the sector and the company worsening, despite the (currently) very low P/E. In which case there's limited if any upside, whereas the downside could yet again be back to 80p-85p or so.
It's also nice to have more cash in the bank in reserve given all the market shenanigans at present!
Good luck all. I may well be wrong/back soon!
Appears it is Nandlal and Deep Valecha connected to Regent Oil. They appear in the Sunday Times Rich list in position 934 with a worth of £126m.
Maybe it's me, however it appears to be an unusual type of major shareholder.
See Regent Oil & Gas Co. increasing its holding for second time this week to over 11%.
I can't get over those sub-3% margins, no matter how cheap it looks.