Tclarke (CTO)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

124.50p
   
  • Change Today:
    -2.75p
  • 52 Week High: 154.50
  • 52 Week Low: 79.40
  • Currency: UK Pounds
  • Shares Issued: 43.05m
  • Volume: 34,614
  • Market Cap: £53.60m
  • RiskGrade: 148

TClarke unveils annual profit decline in tough construction market

Date: Tuesday 19 Mar 2013

LONDON (ShareCast) - UK building services contractor TClarke reported a 75 per cent drop in annual pre-tax profits on Tuesday, reflecting market challenges and property disposal.

Profit before tax for the year ended December 31st, 2012, came to £1.2m, down from £4.9m the previous year which benefited from a £2.2m property disposal.

The firm said underlying operating profit fell to £2.9m from £4.7m, blaming margin pressures in the market. Underlying operating profit margin dropped to 1.5% from 2.6%.

However, turnover increased 5.5% to £193.8m, compared to £183.8m in 2011, as the group secured new contracts with the likes of JP Morgan, IMG Media, ITV Studios and Arcadia. The order book grew to £230m from £190m.

"TClarke and our people delivered a solid, profitable performance despite all the challenges of the construction sector," said Chief Executive Officer Mark Lawrence.

"We have an excellent forward order book with good visibility to a number of fully committed high quality opportunities particularly in the London commercial market."

The company improved its net cash position to £5.6m at year-end, up from £0.6m a year earlier.

TClarke proposed a final dividend of 2.0p per share, in line with the last year.

Looking ahead, the group expects to experience fierce competition for available workload and continuing margin pressure in 2013.

Shares declined 1.52% to 54.90p at 08:24 Tuesday.

RD

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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 124.50p
Change Today -2.75p
% Change -2.16 %
52 Week High 154.50
52 Week Low 79.40
Volume 34,614
Shares Issued 43.05m
Market Cap £53.60m
RiskGrade 148

Tclarke Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.73% above the market average91.73% above the market average91.73% above the market average91.73% above the market average91.73% above the market average
77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average
Price Trend
23.45% above the market average23.45% above the market average23.45% above the market average23.45% above the market average23.45% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income
77.91% above the market average77.91% above the market average77.91% above the market average77.91% above the market average77.91% above the market average
70.37% above the sector average70.37% above the sector average70.37% above the sector average70.37% above the sector average70.37% above the sector average
Growth
90.72% below the market average90.72% below the market average90.72% below the market average90.72% below the market average90.72% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below 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 22-Apr-21 15-Oct-20
Paid 21-May-21 13-Nov-20
Amount 3.65p 0.75p

Trades for 18-Jun-2021

Time Volume / Share Price
16:28 2 @ 126.00p
16:28 2 @ 126.00p
16:18 250 @ 123.05p
16:10 440 @ 123.00p
16:09 2 @ 125.50p

Tclarke Key Personnel

CEO Mark Lawrence
Finance Director Trevor Mitchell

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