Tclarke (CTO)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

87.20p
   
  • Change Today:
      1.10p
  • 52 Week High: 140.00
  • 52 Week Low: 73.00
  • Currency: UK Pounds
  • Shares Issued: 43.05m
  • Volume: 48,124
  • Market Cap: £37.54m
  • RiskGrade: 388

TClarke maintains expectations as it adds more new contracts

By Josh White

Date: Friday 18 May 2018

LONDON (ShareCast) - (Sharecast News) - TClarke was continuing to expect revenue and profits for 2018 in line with current market expectations, investors were told on Friday as they gathered for the company's annual general meeting.
The London-listed firm said to put that in context for the year ending 31 December, they were forecast to be revenues of £300m, underlying profit before tax of £7m, and underlying earnings per share of 13.2p.

It said it also expected to maintain its trend of underlying positive movement in net cash year-on-year.

"Our forward order book has been replenished and as at 30 April stood at £368m, increasing from £337m as at 31 December," the board said in its statement.

"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."

The board said overall, planned group revenues for 2018 had now been secured with some capacity in the North West and Newcastle businesses to address.

Future secured revenues were £145m for financial year 2019 and £40m for years 2020 and beyond.

Since its last announcement on 27 March, TClarke had added a number of recently-secured projects.

It said those included electrical infrastructure resilience works for BAE Systems; Rolls Royce, Trent Hall, VRV replacement, Derby; Cancer Research fit out of building S9, The International Quarter, Stratford; Battersea Power Station phase 2, electrical infrastructure; St Johns College, Durham; Royal National Orthopaedic Hospital, Stanmore, 4th Floor fit out; Virtus Data Centre, Slough; Ashurst, Project Loop, London; Donaldson's, The Crescent, Edinburgh; Gorse Academies Trust, FM contract renewal serving ten academies in the Leeds area; additional FM works for CBRE and Servest across the UK; and the Princess Alexandra Maternity Wing, Royal Cornwall Hospital Services Upgrade.

"Once again, TClarke has made an excellent start to the year and the Board looks to the future with continued confidence," the board said.

It added that the next update was scheduled for 7 August, with the release of the group's half-year results.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tclarke Market Data

Currency UK Pounds
Share Price 87.20p
Change Today 1.10p
% Change 1.28 %
52 Week High 140.00
52 Week Low 73.00
Volume 48,124
Shares Issued 43.05m
Market Cap £37.54m
RiskGrade 388

Tclarke Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.56% above the market average37.56% above the market average37.56% above the market average37.56% above the market average37.56% above the market average
31.58% above the sector average31.58% above the sector average31.58% above the sector average31.58% above the sector average31.58% above the sector average
Price Trend
30.61% above the market average30.61% above the market average30.61% above the market average30.61% above the market average30.61% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income
62.39% above the market average62.39% above the market average62.39% above the market average62.39% above the market average62.39% above the market average
22.58% above the sector average22.58% above the sector average22.58% above the sector average22.58% above the sector average22.58% above the sector average
Growth
35.67% above the market average35.67% above the market average35.67% above the market average35.67% above the market average35.67% above the market average
5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tclarke Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Apr-20 05-Sep-19
Paid 22-May-20 04-Oct-19
Amount 3.65p 0.75p

Trades for 06-Apr-2020

Time Volume / Share Price
16:07 11,000 @ 89.73p
16:06 8,723 @ 85.00p
15:31 30 @ 90.00p
15:01 272 @ 89.73p
13:37 2,255 @ 90.00p

Tclarke Key Personnel

CEO Mark Lawrence
Finance Director Trevor Mitchell

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