Very Positive Update30 Nov 2020 11:09
Such an outstanding update which shows what a bargain the current SP is!
The order book is higher than ever, revenues are higher than 2019 and, with the latest restructure, the groups expenses have also decreased. We peaked at 140p just before COVID, we're now 95p yet the trading updates show that we're in a stronger position than ever! Of course, market uncertainty and brexit will be in peoples minds, however, construction seems the main sector to be booming during these challenging times. So glad to be holding at these prices. Good luck everyone, I'm so surprised that this company doesn't receive more attention.
'During the second half of the year, TClarke has been successful in winning new projects from clients across a wide range of sectors. Our forward order book has increased to £422m. This is a significant result for the Group and is £61m (17%) higher than at the same point in 2019. Reassuringly, revenues of £257m for 2021 have already been secured, against an equivalent figure of £232m at this time last year and up from £191m when we announced the Group's interim results in August. This is testament to our strong reputation among our clients and we have been consistent in maintaining our strict tendering assessments, to ensure that we are accepting work that meets our margin expectations.'