gretel
09 May 2017
News : huge new pre-fab facility Good to hear that construction of the huge new pre-fab facility has gone smoothly:[link] early peak at our vast new 26,000 sq ft Stansted Prefabrication FacilityPosted: 05th May 2017 TClarke’s new purpose built prefabrication facility at Stansted in Essex is a massive upgrade and investment in capability for our clients and their projects. A few weeks before the official opening, Director Richard Exell gives us an early peek inside the building.What we have here is a Prefabrication Facility, staffed by our own very high quality directly employed teams, operating on a considerably expanded basis, to deliver a lot more.We’re investing here because we are a world class operation and we want to support our clients - and their end users in the most efficient way for their projects. Prefabrication is one key element in the advancement of construction and the delivery of safer, faster, more complex projects - and buildings that can do more for their occupiers over their lifespans.This expansion gives us a considerably enhanced capability for our clients, our directly employed team is expanding, the range of technical services is expanding and the quality of the environment for our people is also considerably enhanced.Right now, a few weeks ahead of launch, we’re all tired but very pleased as a team to have brought the project in, on time, on budget."
gretel
08 May 2017
New contract win Good news - and shows CTO's transformation from solely an electrical contractor:[link] Place is our largest mechanical project to datePosted: 05th May 2017TClarke’s selection to work with Principal Contractor Canary Wharf Contractors is a major success as TClarke London Director Barrie Nightingale explains.This is a landmark project on London’s Southbank and our scope comprises mechanical and electrical packages for shell and core on two towers and also the M&E fit out on Building two. For anyone who has an interest in TClarke, this project win is worth taking note of because it shows how our strategy in our core London M&E business is developing. If you have followed the business over the last few years, you will know that in London only a few years ago we were solely an electrical contractor. You will know that we acquired a mechanical business with the purpose of growing our mechanical capability to match our electrical capability and compliment it. Strategically, this would open up a very much larger market to our services and it would also give us the potential to tender for integrated projects. Southbank Place is our largest to date and it is precisely the kind of very large scale combined M&E project for which TClarke would not previously have been able to compete. Of course it is easy to talk about ‘capability’. It is far, far harder to develop the practical excellence and to deliver the TClarke service onsite, day after day - and build a reputation in this industry. That takes time and it takes a lot of people working hard and doing a very good job. So selection for Southbank Place represents a moment to recognise the quality and commitment of the people in TClarke London who have built our mechanical business in the last few years, working project by project to earn an opportunity like this - they really are helping to secure our prospects for now and the future."
gretel
08 May 2017
Impressive shareholder list Looking forward to another good week here - hopefully new highs at the least, and perhaps up to and above 100p.I was pleasantly surprised to see for a still small £38m m/cap company quite an impressive list of institutional shareholders - the likes of Miton, Henderson, Chelverton, JP Morgan, Cavendish etc:[link]
freedom-thirty5
05 May 2017
Re: N+1 Singer raise forecasts This company is trading so cheap I worried it might be a value trap at first, but the signals from management seem to confirm it really is just that cheap!An approximate doubling of the SP over the next year or so seems plausible, and at the very least we should see a significant uplift from the current price.
gretel
05 May 2017
N+1 Singer raise forecasts N+1 Singer have increased this year's forecast to 11.9p EPS, and next year's to 12.4p EPS.They also forecast an £11.7m cash pile at the end of this year. Which supports the forecast 3.5p and 3.6p dividends respectively.N+1 Singer have presumably allowed leeway for further upgrades during the year, particularly given the confidence CTO must have in stating they'll be "ahead" so early in the year.A P/E of 12 would give a share price of around 150p - around 70% ahead of the current price.
pearlsasinger
05 May 2017
Re: Trading ahead of expectations! Thank you Gretel for reminderthat AGM statement was due.I managed to increase my holdingyesterday at 75p.-Remarkable.!Trading in this company is still highlyunusual.(IMHO) Volumes -compared to previousyears -.are very large.There seems to be a large holder unwinding But yet the s.p. has remained buoyant while -at the same time - offering 'buy'opportunities.-such as yesterday.Also the spread has greatly narrowed-fortrading in a very small market cap company.Best wishes to all.!!
gretel
05 May 2017
Trading ahead of expectations! Wow! An incredibly good AGM statement - and they're already able to say that profits will be ahead of expectations of 11.3p EPS:[link] order books above £400m for the first time ever.The £9m+ cash pile also represents a significant portion of the m/cap - would have been nice to see what this is now.The current share price is just far, far too low imo.
gretel
02 May 2017
AGM trading statemnt this Friday Looking forward to Friday's AGM trading statement. Given the outlook from the recent finals the statement should be rather positive:"Mark Lawrence, Chief Executive commented:"We are delighted with the results that we are presenting today. Our business is clearly making good progress.Our focus on improving performance and margins throughout the Group continues to show through. Equally pleasing is that we have been awarded further contract wins which means that our forward order book as at the end of February 2017 now stands at £350m, a new record for TClarke.In addition, to support our prefabrication capabilities we will shortly be opening a brand new 26,000 Sq Ft facility at Stansted, Essex. The move will provide enhanced facilities for our people, while achieving improved quality and efficiency plus considerably extended capabilities in our prefabrication and manufacturing activities.The outlook for the future remains positive."
gretel
21 Apr 2017
Impressive new contract win I[link] team wins M&E for Royal National Orthopaedic HospitalPosted: 18th April 2017 TClarke has been awarded the M&E contract for the Royal National Orthopaedic Hospital’s major new development, as TClarke Central & SW MD Kevin Bones explains:This is an excellent, large scale Hospital M&E project, including a Combined Heat and Power plant, HV works, Two 700Kva Backup Generators and a Photovoltaic installation. It is significant for our business for a few reasons.Another Targeted Tendering successFirstly, this is yet another major project which we have targeted and won, following our targeted tendering approach that has aimed our resources at the kind of projects where we can best show and deliver value for all our stakeholders.This job is a portfolio job on a large scale, it gives our teams the opportunity to help deliver something they can be proud of, it allows our Central teams to show and to further develop their skills in delivering large scale M&E projects.Further strengthening of our healthcare credentialsSecondly, it further strengthens our Healthcare credentials, nationally and in this region. The chance to show skills and deepen our relationships and knowledge within the sector is extremely valuable to us.Evidence of our high quality order bookThirdly, this job shows everyone with an interest in TClarke, the kind of high quality jobs that our record £350m order book comprises. It is another signal of the confidence that the business has going forward - not just in London - but across our regional operations too."
pearlsasinger
14 Apr 2017
Re: Greetings Welcome on board!I have sailed on this ship for many years.Sometimes with rough seas - but mostlysafely and profitably.(holder)
freedom-thirty5
13 Apr 2017
Greetings A bit of a red day across the LSE today. Also I see this is ex-divi today.This one was caught in my value filter recently, and after DD I have got on board.
king sinbad
30 Mar 2017
Re: P/E of 7.2, 4.2% dividend We just have a bit of overhang, around the 90p mark.Then the market should latch onto CTO value.Its just the case of being patience, with this stock.
gretel
30 Mar 2017
P/E of 7.2, 4.2% dividend For the record, the latest forecasts from N+1 Singer are: this year : 11.26p EPS, 3.46p dividend next year : 11.44p EPS, 3.56p dividendSimply too cheap at 81.5p.
gretel
28 Mar 2017
Re: Terrific results today Bonkers markdown imo, with presumably a seller or two taking advantage of post-results liquidity.Good to see the price bouncing now.The order book has increased to a huge £350m now - that's up £20m since 31st December alone. There's terrific visibility through to 2019.I can see a good re-rating upwards from here given the secure revenues going forward and the likelihood of continued good results.There will be an AGM trading statement soon, and that's likely to continue the positive vibes.
king sinbad
28 Mar 2017
Re: Terrific results today Also record order book, for 2017.Mark Lawrence, Chief Executive commented: "We are delighted with the results that we are presenting today. Our business is clearly making good progress. Our focus on improving performance and margins throughout the Group continues to show through. Equally pleasing is that we have been awarded further contract wins which means that our forward order book as at the end of February 2017 now stands at GBP350m, a new record for TClarke. In addition, to support our prefabrication capabilities we will shortly be opening a brand new 26,000 Sq Ft facility at Stansted, Essex. The move will provide enhanced facilities for our people, while achieving improved quality and efficiency plus considerably extended capabilities in our prefabrication and manufacturing activities. The outlook for the future remains positive."
