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Good to see the first buy at 120p just in..
Best price so far
Someone paid 118p for 10k not long ago at NEX, and small buyers are still nibbling with buys and better with £2,5K and £5K.
28/03/2019
11:43
10,109
118p
http://www.nexexchange.com/member?securityid=10230
Finally moving the right way,
and about time the "AT"
took its time to be activated
and moving forward as it should.
Some nibling so far, much better than yesterday, that at this time where no trades were done.
The bid wants to go to 112.50p but the order book doesn't accept and goes back to 112p, but at this rate with buyers paying full offer 114p, must move forward soon.
Volume 10.371 including NEX
Next point to aim for is 119.50p intraday high last month and with that another BREAKOUT.
2 months chart Candlestick
http://uk.advfn.com/p.php?pid=staticchart&s=L%5ECTO&width=600&height=330&p=2&t=1&dm=2&vol=0&cb=
My impression, as a long term IC subscriber, is that ST usually only upgrades his sp targets when the previous target is reached. To do so now, is a particularly firm endorsement.
that is right.........
https://www.investorschronicle.co.uk/comment/2019/03/27/tclarke-s-bumper-earnings-upgrades/
TClarke’s bumper earnings upgrades
To put the scale of the earnings upgrade of nationwide building services contractor T Clarke (CTO:112p) into context, the company’s earnings beat for the 2018 financial year outperformed house broker N+1 Singer’s original earnings per share (EPS) estimate by almost a third. Full-year underlying pre-tax profits and EPS increased by almost a quarter to £8m and 15.4p, respectively, on annual revenues up 5 per cent to £326m.
........... more
Very positive coverage from Simon Thompson today in his column. Upgraded target price to 150p from 140p. GLA.
Those looking forward to the 3.34p final dividend will have to wait a couple of months.
"The Directors are proposing a final dividend of 3.34p per ordinary share .
Subject to approval at the Annual General Meeting, the final dividend will be paid on 24(th) May 2019 to shareholders on the register as at 26(th) April 2019."
Agreed. Solid and good finals. Just how i like them! Very undervalued here...
The Chairman's statement says "The Group is well placed to meet its financial objective of a sustainable 3% operating margin in 2019".
We can work out:
2018 Actuals:
Revenue : £326.8m
Margin : £2.7%
Underlying Profit : £8.8m
2019 Forecast assuming 5% increase in revenue (which seems very modest)
Revenue : £343.1m
Margin : 3.0%
Underlying Profit : £10.3m
An increase of £1.5m or 17%, which is a pretty strong statement for the company to be making only 3 months through the year set against the current Brexit backdrop.
Fantastic results - and a very confident outlook.
The record £411m order book at the year end is up by another £19m to £430m at the end of February!
Great to see Technologies revenues tripling to £43m from just £14m - perhaps the City will start to wake up to this.
15.4p historic EPS and £12.4m net cash make the present 113p share price and £46m m/cap pretty miserly.
CTO 113p +7p
I am glad I was spot on the dividend fcast, 3,34p final as I was expected a total round number 4p, after the 0.66p Interim.
Excellent results with Technology revenue increasing and made as the core strategic objective of the future. Record order book of £430m and is continuing expansion outside its core London market and has opened offices in Manchester and Liverpool.
Final results Tuesday 26th March 2019
Mark Lawrence, Chief Executive commented:
"I am pleased to report that TClarke's results for 2018 have exceeded market expectations,
We continue to focus on cash collection and remain debt free. Our clients recognise this as a strength of our business, reflected by the fact 88% of our revenue comes from repeat clients. Our shareholders also benefit, as our strong cash performance has allowed us to recommend a total dividend for the year of 4.0p per share, exceeding market expectations.
Financial highlights: Change 2018 2017
Revenue +5% GBP326.8m GBP311.2m
Operating profit - underlying(1) +21% GBP8.8m GBP7.3m
Operating profit - reported +9% GBP8.6m GBP7.9m
Operating margin- underlying(1) +17% 2.7% 2.3%
Profit before tax - underlying(1) +23% GBP8.0m GBP6.5m
Profit before tax - reported +10% GBP7.8m GBP7.1m
Net cash +6% GBP12.4m GBP11.7m
Earnings per share - underlying(2) +24% 15.38p 12.37p
Earnings per share - basic +12% 14.99p 13.44p
Final dividend per share +15% 3.34p 2.90p
Total dividend per share +14% 4.0p 3.50p
Forward order book +22% GBP411m GBP337m
From the "UPS" thread .......
"Master RSI" Forecast for Clarke T. - CTO
Final results due Tuesday 26th March
Year 2018 Final
Revenue 320.00m
Operating profits 8.60m
Profit before tax 8.00m
Profit after tax 6.35m
EPS - Underlaying 13.75p
EPS -Basic 15.20p
Dividend Final 3.34p
Cash 12.40m
Pension commitments 1.25m
No. of shares 42.868m
Top up opportunity today...
Yes, see last trading statement. Fantastic outlook. Bit of profit taking now, 125-130p post finals...
Had this for a very long time...any clues for rise??
Buying coming in at 119p and above now.
More good news:
Https://www.tclarke.co.uk/tclarke-south-west-wins-major-me-package-for-historic-bodmin-jail-hotel/
" TClarke South West wins major M&E package for historic Bodmin Jail Hotel
Bodmin Jail is a Grade II listed building, one of Cornwall’s top tourist attractions and reputedly one of Britain’s most haunted buildings. The Jail scenes in the first series of BBC’s ‘Poldark’ were filmed here. It was originally built in 1779 and is steeped in both social and architectural history. The jail was decommissioned in 1929 and left to fall into ruin and decay. In the ’60s it was transformed, in small part, to a club venue and then into a museum offering a unique insight into Cornish penal life over the centuries.
The whole site is being transformed into a state-of-the-art attraction, to include a new build Dark Walk visitor centre and the restoration and refurbishment of the 18th Century Jail into a 4 star boutique hotel including all ancillary and associated attraction and museum facilities.
TClarke is carrying out the full MEP package, having worked alongside Arup and PinCM for several months to develop the design. In such an old building, the control of moisture and creation of an environment that guests to a first class hotel would expect, presents a series of engineering challenges.
Rob Faro, TClarke South West MD is delighted with the win:
“This is another landmark development in Cornwall that we have won. TClarke has a great track record in working successfully on listed and historic sites to bring them into the 21st century. Our engineering skills and experience, coupled with our scale and quality of resource mean we can handle the largest and most complex challenges. I am absolutely delighted that our teams have won this project. Once again, selective tendering and early engagement is working for TClarke.”
I'll add BPM and TON as bargains to be had to rivaldo...
Here's the link for Simon Thompson's tip - perhaps now peeps will look at other previously unloved companies on ridiculously low P/E's like RTC and HMLH!
Https://www.investorschronicle.co.uk/comment/2019/02/05/t-clarke-s-bumper-order-book-underpins-strong-profit-growth/
"Simon Thompson 31 minutes ago
T Clarke's bumper order book underpins strong profit growth
It’s not often you get the opportunity to buy shares in a UK-focused company on a PE ratio of six when the business is set to deliver full-year earnings per share (EPS) growth north of 20 per cent, and is predicted to post another double-digit increase in 2019. The cash-adjusted earnings multiple is even lower still when you take into account a solid cash-rich balance sheet......."
Here's the link for Simon Thompson's tip - perhaps now peeps will look at other previously unloved companies on ridiculously low P/E's like RTC and HMLH!
Https://www.investorschronicle.co.uk/comment/2019/02/05/t-clarke-s-bumper-order-book-underpins-strong-profit-growth/
"Simon Thompson 31 minutes ago
T Clarke's bumper order book underpins strong profit growth
It’s not often you get the opportunity to buy shares in a UK-focused company on a PE ratio of six when the business is set to deliver full-year earnings per share (EPS) growth north of 20 per cent, and is predicted to post another double-digit increase in 2019. The cash-adjusted earnings multiple is even lower still when you take into account a solid cash-rich balance sheet......."
Here's the link for Simon Thompson's tip - perhaps now peeps will look at other previously unloved companies on ridiculously low P/E's like RTC and HMLH!
Https://www.investorschronicle.co.uk/comment/2019/02/05/t-clarke-s-bumper-order-book-underpins-strong-profit-growth/
"Simon Thompson 31 minutes ago
T Clarke's bumper order book underpins strong profit growth
It’s not often you get the opportunity to buy shares in a UK-focused company on a PE ratio of six when the business is set to deliver full-year earnings per share (EPS) growth north of 20 per cent, and is predicted to post another double-digit increase in 2019. The cash-adjusted earnings multiple is even lower still when you take into account a solid cash-rich balance sheet......."
Coverage in IC today...