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Out of interest what is you forecast Master ?
122p +4p
Good volume buying and the BREAKOUT goes higher
Any BREAKOUT must be with volume to succeed and go better, and today we got that now 300K and rising
Chart 2 months with volume ( LSE + NEX )
http://uk.advfn.com/p.php?pid=staticchart&s=L%5ECTO&width=600&height=205&p=2&t=1&dm=2&vol=1&cb=
At last, getting recognition with good buying volume. Should be buy tip from st in paper copy of IC tomorrow...
BREAKOUT
I made the chart 10 minutes ago but already is now a BREAKOUT on the Intraday high also
https://uk.advfn.com/p.php?pid=chartscreenshot&u=FhY05sTBLQ2Y2vtw/Xx1l%20bn0vJ5/rxb
The MM can have some of mine at 280p
Bern quoted 122p to buy now...
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??