Tclarke (CTO)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

159.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 163.25p
  • 52 Week Low: 118.50p
  • Currency: UK Pounds
  • Shares Issued: 52.88m
  • Volume: 122,006
  • Market Cap: £84.34m
  • RiskGrade: 148

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 159.50p
Change Today 0.50p
% Change 0.31 %
52 Week High 163.25p
52 Week Low 118.50p
Volume 122,006
Shares Issued 52.88m
Market Cap £84.34m
RiskGrade 148

Tclarke Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.19% above the market average51.19% above the market average51.19% above the market average51.19% above the market average51.19% 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
56.11% above the market average56.11% above the market average56.11% above the market average56.11% above the market average56.11% above the market average
12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average
Income
74.53% above the market average74.53% above the market average74.53% above the market average74.53% above the market average74.53% 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
23.00% above the market average23.00% above the market average23.00% above the market average23.00% above the market average23.00% 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 21-May-2024

Time Volume / Share Price
11:04 99,000 @ 159.00p
17:09 3,550 @ 159.08p
17:09 7,141 @ 159.08p
13:59 49 @ 160.00p
13:59 391 @ 159.00p

Tclarke Key Personnel

CEO Mark Lawrence
Finance Director Trevor Mitchell

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