Tclarke (CTO)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

159.75p
   
  • Change Today:
      1.25p
  • 52 Week High: 163.25
  • 52 Week Low: 118.50
  • Currency: UK Pounds
  • Shares Issued: 52.88m
  • Volume: 41,970
  • Market Cap: £84.47m
  • RiskGrade: 148

T Clarke on track with no impact expected from Carillion collapse

By Iain Gilbert

Date: Thursday 01 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Building services company T Clarke told investors on Thursday that its expected outcome for the trading year ended 31 December was in line with current market expectations.
Underlying pre-tax profit was slated to come in at around £6.5m thanks to group revenues of approximately £310m.

The London-based firm improved its net cash position by 27% to £11.7m over the year, its strongest closing balance since 2009, after approximately £3m worth of investment into its acquisition of ETON and at its manufacturing facility in Stansted helped keep its cash generation option robust.

Looking forward, T Clarke had a slightly improved order book, moving ahead to £337m from the £330 it had twelve months prior and used the Thursday morning investor update to re-confirm that it was unlikely to see any adverse effects as a result of Carillion's collapse.

Mark Lawrence, chief executive, said, "We are acutely aware of the risks associated with our industry and the damage which can be caused by bidding at unrealistic levels. The group continues to be financially disciplined and remains well positioned and focused on future opportunities.

"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," he added.

Separately, T Clarke announced that finance director Martin Walton would be standing down effective immediately and would be replaced with Trever Mitchell on an interim basis.

As of 1120 GMT, shares had declined 4.68% to 79.50p.

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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 159.75p
Change Today 1.25p
% Change 0.79 %
52 Week High 163.25
52 Week Low 118.50
Volume 41,970
Shares Issued 52.88m
Market Cap £84.47m
RiskGrade 148

Tclarke Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.61% above the market average48.61% above the market average48.61% above the market average48.61% above the market average48.61% above the market average
70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average
Price Trend
57.80% above the market average57.80% above the market average57.80% above the market average57.80% above the market average57.80% above the market average
21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average
Income
72.58% above the market average72.58% above the market average72.58% above the market average72.58% above the market average72.58% above the market average
56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average
Growth
25.46% above the market average25.46% above the market average25.46% above the market average25.46% above the market average25.46% above the market average
51.22% above the sector average51.22% above the sector average51.22% above the sector average51.22% above the sector average51.22% above the sector average

Tclarke Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 31-Aug-23
Paid 07-Jun-24 29-Sep-23
Amount 4.53p 1.38p

Trades for 29-May-2024

Time Volume / Share Price
16:28 667 @ 158.00p
16:27 1,300 @ 158.18p
16:09 12,680 @ 158.18p
16:09 6,820 @ 158.18p
16:09 50 @ 161.50p

Tclarke Key Personnel

CEO Mark Lawrence
Finance Director Trevor Mitchell

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