gretel
01 Feb 2018
Re: Good trading update today N+1 Singer have reiterated their forecasts for this year of:13.2p EPS3.7p dividend£11.3m closing cash, which will be reviewed - and presumably increased significantly - following March's results.Looks like some traders were stuffed by the MMs this morning. Bouncing nicely now, and hopefully a much bigger bounce to come given the cheap fundamentals, transforming profile of the company, strong Balance Sheet and concentration on margins and high quality business.
schwee
01 Feb 2018
Re: but the order book is way down from the interims, so let 's hope pricing pressure eases in the industry, so that the self imposed denial pays off.Irrespective of that CTO, suffers from the twin curses of Goodwill and Pension Deficits. These need to be tackled before the shares can make progress. The plus point is their cash, so that they can make inroads on both of these nasties without lenders breathing down their necks.
gretel
01 Feb 2018
Not bad for a £35m m/cap company......"The Board is pleased to report that the expected outcome for the year is in line with current market expectations, which are an underlying profit before taxation of circa £6.5m and revenues in the region of £310m."And the cash pile is up to almost £12m - 33% of the m/cap.Order books are up year on year, despite CTO only taking on high quality, good margin work. Which is why they have immaterial exposure to the likes of Carillion.Which is summed up by:"We will continue to target projects for margin growth from our core M&E markets as well as our other developing revenue streams, particularly in the areas of technology and digital integration."Looks like some traders getting out this morning. A big bounce from here wouldn't surprise me.
gretel
26 Jan 2018
CTO's Intelligent Buildings work Really interesting article about CTO's Intelligent Buildings division and its work with the likes of Cisco at the revolutionary development at 22 Bishopsgate:[link] sure the market hasn't yet fully cottoned on to CTO's transformation.
pearlsasinger
16 Jan 2018
the Carillion fallout Yesterday's company RNS included the following: ".........We do not expect there to be any adverse financial impact on the Group arising from any direct exposure to Carillion."I am a little concerned about the word 'direct' . The myriad of contractual relationshipsbetween builders-developers- subcontractors and their financial inter-dependency could possibly cause losses indirectly to CTO.Hopefully I will be proven to have been unnecessarily concerned!(holder)
pearlsasinger
11 Jan 2018
Re: Trading update coming soon Notwithstanding potential upside here it is interesting to note the ready supply of relativelylarge sellers - eg. 50000 this morning at 84.75p.(holder)
freedom-thirty5
08 Jan 2018
Re: Trading update coming soon Yes, there's definitely been a number of new buyers on the scene. The price has been pressured upwards with a noticeable increase in volume, over the last month or so.
gretel
08 Jan 2018
Trading update coming soon Good to see buying at 86p this morning. Only 3 weeks until the 1st February year end update, which should be good given these extracts from November's update:[link] entered 2017 in an optimistic mood. Our trading performance during the period has continued to justify that optimism and the Board is pleased to report that the results for the year ending 31 December 2017 are expected to be in line with current market expectations, which are an underlying profit before taxation of £6.5m and revenues in excess of £300m.""We continue to target projects that we believe will add value and help to improve the margin profile of the Group and the Board is encouraged that, whilst maintaining our selective approach to bidding, our forward order book now stands at £380m against £320m at the same time last year and a record £392m at the interim stage.""There remains a clear demand for our specialist services in the markets in which TClarke operates. We have already secured £190m and £100m of our planned revenues for 2018 and 2019 and beyond, respectively, and we are encouraged by the number and quality of the opportunities that continue to be available both within our established M&E markets and from the new opportunities that we are pursuing, driven by sustained investment at national level in both technology and infrastructure. The future for the Group remains encouraging."
gretel
02 Jan 2018
P/E of only 6.4, 4%+ divi yield Decent start to the New Year. With historic EPS forecast at 12.14p, rising to 13.16p EPS this year, CTO are on a current year P/E of only 6.45.The 3.46p divi rising to 3.66p also puts CTO on a 4%+ yield.Hopefully this will be the year CTO pushes on to 120p+ and perhaps 140p-150p.With good net cash and substantial chunks of future revenue for this and next year already secured - plus the expansion into M&E now looking very good - CTO's prospects should be bright, as confirmed by the recent year end trading statement.Hopefully the news of the amount recovered from the fraud will give another boost to the share price when it happens.
schwee
02 Jan 2018
Fraud Update So did CTO recover the funds they said they would by 31st December or have they kicked the issue into the long grass.We should be told.
gretel
21 Dec 2017
Also just tipped in Cambridge News Good summary - "with the real prospect of an earnings upgrade to come and a decent yield for income, then it would appear a re-rating is more a matter of when rather than if":[link] conditions being described then as buoyant the trend has subsequently been further endorsed through its November trading update where the board stated that the company was on track to deliver results in line with market expectations.This should see full year revenues of £300m delivered and leads broker Singer to pencil in £330m for 2018 with pre-tax profits moving to £7m and EPS of 13.2p. The dividend is also anticipated to be raised to 3.7p which at current levels equates to a yield just north of 4%."
pearlsasinger
18 Dec 2017
Re: Just tipped by the Naked Trader Good News. But there are still significant sellers.eg. 40,00 sold at 11 00 a.m. for 81.75p,
gretel
15 Dec 2017
Just tipped by the Naked Trader Excellent news that the NT has just tipped CTO. Looks like his followers are really making a difference. The timing is perfect as it seems that the seller is now gone.Hopefully we will see a rise to the suggested 100p and beyond. It's about time the market recognised CTO's transformation in respect of M&E and digital.Here's the NT's tip:"T Clarke (TCO) looks great value. Took me bloody ages to get it at the sell price as sometimes the spread is silly, but I managed it with a lot of patience on direct access. I also had to end up buying the shares at the buy price too (how annoying)A very confident statement with an underlying profit of £6.5 m forecast. AND it has net cash of £9m. The market cap looks too low and I think it should easily head back to highs of 90p but I reckon it's worth at least 100p. It's simply under the radar."
gretel
08 Dec 2017
Positive turnaround today L2 looking much better now, and some decent buying following the recent contract wins.There's been a seller out there for ages now. But the m/cap is only £31m - once the seller is gone I feel there could be a very quick re-rating, certainly to 90p at minimum and perhaps to 120p or so given the cash pile and low P/E.
freedom-thirty5
08 Dec 2017
Re: CTO win Dyson campus work Particularly good news given that it was the SW division that was lagging as per the August Interim results.
