piw
17 Jun 2019
VIDEO: CTO at Mello May 19 TClarke presentation Mello May 19 by CEO&FD piworld.co.uk T Clarke (CTO) Presentation at Mello May 2019 T Clarke (CTO) Presentation at Mello May 2019 By Mark Lawrence, Gp CEO & Trevor Mitchell, Gp FD Video overview of T Clarke - 00:18 Introduction - 02:28 What A very comprehensive overview, with financials, current market expectations, their markets & selection of current projects etc
hsduk101
27 Mar 2019
London high-rise boom good for CTO Whats your thoughts on T clarkes performance today. A possible riser?
piw
10 Dec 2018
CTO presentation at Mello November 18 CTO presentation at Mello London - November 2018 piworld.co.uk T Clarke (CTO) Presentation at MELLO London November 2018 T Clarke (CTO) presentation at Mello November 2018 By Mark Lawrence, CEO and Trevor Mitchell, Group FD. TClarke plc is a United Kingdom-based building services comp Rather neatly coincided with their Ahead of Expectations trading update. They also have a Stockopedia stock rank of 99. It looks a well managed business. A great presentation.
Blanketstacker
18 May 2018
Re: Dividend Ex-div 26 AprRecord 26 AprPaid 25 May [2.9p]
dronaig
18 May 2018
Dividend approved at AGM - any idea when in our piggy banks??
gretel
18 May 2018
Re: Terrific AGM statement today CTO are even more of a bargain now imo, especially as the price is from the look of it being artificially held down by a seller. Once he's out there could be a very quick rise.CTO have now confirmed that revenues for this year are already secured. On forecast 13.2p EPS that's a P/E of only 6.4.So presumably any new business won will further contribute to this year's outturn.Plus N+1 Singer's forecasts are based upon 2.7% operating margins, whereas CTO have themselves confirmed they're targeting 3% margins.Plus CTO have almost 40% of their £35m m/cap backed up by a £13.1m forecast cash pile.
gretel
18 May 2018
Terrific AGM statement today Wow!Order books are up hugely since the year end. Trading is nicely in line for a miserly P/E given 13.2p EPS - and revenues are already secured for this year and are going well for 2019 and 2020....[link] are pleased to report that we continue to expect revenues and profits for 2018 to be in line with current market expectations. To put those in context for the year ending 31 December 2018, these are forecast to be revenues of £300 million, underlying profit before tax of £7.0 million and underlying EPS of 13.2p. We also expect to maintain our trend of underlying positive movement in net cash year-on-year. Our forward order book has been replenished and as at 30th April 2018 stood at £368 million, increasing from £337 million as at 31st December 2017. Encouragingly, we are seeing no lack of opportunities, but we maintain a strict policy only to bid for projects that meet our internal risk analysis and where we are comfortable with the covenant and market reputation of the contractual counterparty. Overall, the planned Group revenues for 2018 have now been secured with some capacity in the North West and Newcastle businesses to address. Future secured revenues are £145 million for financial year 2019 and £40 million for years 2020 and beyond..........Once again, TClarke has made an excellent start to the year and the Board looks to the future with continued confidence."
gretel
19 Apr 2018
London high-rise boom good for CTO Good news for CTO, for the next few years at least:[link] skyline soars with record 510 tall buildings in pipelineConstruction has begun on cluster of skyscrapers that will transform city over next decadeLondon’s skyline is to be transformed over the next decade with a record 510 tall towers, more than 20 storeys high, planned or under construction. The total is up from 455 towers in the pipeline in 2016, according to research from the industry forum New London Architecture (NLA) and real estate consultancy GL Hearn.Construction has started on 115 towers, also a record. Over the past two years, work started on more projects than in the preceding five years combined.Twenty-two Bishopsgate, formerly nicknamed “the Pinnacle” and then “the Stump” after work stalled, will be – at 62 storeys or 278 metres – the tallest building in the City of London when it is completed next year. However, in the 2020s it will be overtaken by 1 Undershaft, nicknamed the Trellis, at 290m.Two of Europe’s tallest residential towers will be the 233-metre Landmark Pinnacle on the Isle of Dogs and the 235-metre Spire London, also in Canary Wharf. Both are expected to be completed by 2020. But they do not come close to the Shard, which, at 310 metres, remains the tallest building in Europe."
gretel
27 Mar 2018
Re: Results ahead of expectations N+1 Singer see 106p as intrinsic value here, but they forecast 13.2p EPS this year rising to 14.1p EPS next year - with an almost 5% dividend yield. CTO's peer group trades on a P/E of 9.7. Which to me would suggest a fair price target of around 130p or so.Especially given CTO's almost £12m cash pile and the transformation of CTO's services into high quality M&E/digital installation work.
schwee
27 Mar 2018
Re: Results ahead of expectations Yes,Good results, but CTO is still constrained by its pension fund deficit. In the construction industry, maybe this is a good thing so that thin margin business is passed over. Who knows, other than the benefit of hindsight MPs.
freedom-thirty5
27 Mar 2018
Re: Results ahead of expectations The results are excellent, showing a resilient company making steady progress. Is even more of a value share than when I invested.
gretel
27 Mar 2018
Results ahead of expectations Very good results, slightly ahead of N+1 Singer's expectations in all respects - PBT, EPS and dividend.12.37p EPS compares to forecast 12.14p. The 3.5p dividend is slightly ahead of 3.46p forecast.Above all, the record order book and extremely confident outlook bode very well:"Outlook2017 was another very good year for TClarke. Our current and forward order book is fully replenished with high-quality projects, many of which are business critical for our clients.The strength of our order book is evidence of our significant market share and we are maintaining our discipline and focus to deliver sustained margin improvement across all our regions. The Board is confident that the Group is well placed to meet profit expectations for the year ahead and our commitment to sustained performance growth is such that the Board has set a medium term target to increase the underlying operating margin to 3%."
pearlsasinger
14 Mar 2018
Re: New contract win GretelThank you for info.Unfortunately the sp is still languishingat a level that is well below my expectations-and given the imminent results announcement(HOLDER)
gretel
13 Mar 2018
New "large-scale" new contract win Big article on the new "large-scale" win for the South West team referred to by igoe104:[link] West team starts work on another major landmark projectPosted: 09th March 2018 TClarke South West has been given the go-ahead on another large scale, mechanical and electrical, design and build project, working with long-term partner Willmott Dixon. This time it is Bath Spa University’s new Bath School of Art and Design building on the site of the old Herman Miller furniture factory. This Grade II listed building has been empty for over five years and will now be redesigned and built as the new Bath School of Art and Design. Plans for the building include modern teaching facilities, practical workshops, studios, a gallery space, as well as a café and art shop. Commenting on the job, TClarke South West’s Managing Director Rob Faro said: “I am delighted that we're up and running on another very high profile, high quality and large scale project which builds on our long term relationship with Willmott Dixon. When you look at projects like this and The Box in Plymouth, you can see that we are tendering for and winning some of the biggest and most exciting M&E projects in the region. These projects give stability to our order book and opportunities for our brand and our people."
gretel
21 Feb 2018
Fire prevention team doubled Encouraging to see per this news from 2 days ago that CTO have doubled their Fire Alarm team in the last 6 months (and almost all via internal appointments too).Post the Grenfell Tower tragedy, fire prevention work has been going through the roof (I recently saw a presentation confirming this by one of my other investments, PTSG).Hopefully CTO will be benefiting:[link] Current experience of successfully delivering major projectsOur team has been fortunate in the recent period to have built our experience on a series of jobs which are high profile, challenging and successful. 60 Victoria Embankment is JP Morgan’s HQ and we successfully installed and commissioned our systems there while the business was still operating on site. Rathbone Square (now HQ of Facebook) involved us in heavily integrating the fire alarm and smoke damper system and going so far as to develop bespoke equipment to meet our client’s requirements for ease of commissioning. London Wall Place which houses HQs of Schroders and Cleary Gottlieb has been another current project on a massive scale."
