Tclarke (CTO)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

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

TClarke trading continues 'strongly' into second half

By Josh White

Date: Thursday 28 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Building services group TClarke updated the market on its trading for the period from 1 July to date on Thursday, reporting that at the half year, it reported a 25% increase in underlying operating profit, with trading continuing "strongly" in the second half thus far.
The London-listed firm said that as a result, it expected the results for the full year ending 31 December would be in-line with market expectations.

It said it expected to report an underlying operating profit before interest and taxes of about £10m, up from £8.8m year-on-year, which would be in line with its stated strategy to achieve its key financial target of an underlying operating margin of 3%.

"We have made good progress in replenishing our forward order book, which currently stands at £361m," the board said in its statement.

"Reassuringly, revenues of £232m for 2020 have already been secured, against an equivalent figure of £230m at this time last year and up from £182m at the interims.

"In addition, our teams across the UK are actively negotiating a number of major schemes which provide further visibility for both 2020 and 2021."

Looking ahead, TClarke said its "long-standing, high quality" reputation and the strength of the relationships it had with blue-chip clients was a "key asset".

"Furthermore, our strong balance sheet continues to be a significant differentiator and enables us to win and deliver projects of a scale which positions us well for further growth.

"We continue to adhere to a strict bidding policy supporting our sustainable operating margin at 3% going forward."

The company's board said it was approaching the new financial year in a strong position, both operationally and financially, which gave it confidence for the group's prospects for 2020 and beyond.

At 1104 GMT, shares in TClarke were up 4.67% at 118.8p.

Email this article to a friend

or share it with one of these popular networks:


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 163.25
52 Week Low 118.50
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

Top of Page