Tclarke (CTO)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

 130.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 155.00
  • 52 Week Low: 118.50
  • Currency: UK Pounds
  • Shares Issued: 52.85m
  • Volume: 6,692
  • Market Cap: £68.71m
  • RiskGrade: 148

T Clarke sees full year ahead of market expectations

By Michele Maatouk

Date: Tuesday 27 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Building services group T Clarke said on Tuesday that 2018 results should be ahead of market expectations as it approaches the new financial year "in excellent shape".
In an update for 1 July to date, the company said it expects underlying operating profit before interest and taxation of around £8.6m, up from £7.3m in the same period a year ago, and revenue of £320m versus £311m. The group said the implied underlying operating profit margin of 2.7% provides further evidence that it is on track to achieve its target of 3%.

The company's forward order book has grown by 6% year on year and now stands at a record £403m versus £380m last year, while project wins totalling £150m have been secured since the announcement of the half year results.

"This update provides clear evidence that the group's strategy is working and underpins our confidence that our underlying operating profit margin target of 3% is attainable in the near future," it said.

"The strength and reputation of T Clarke is evidenced by our record forward order book. We have maintained our market leading position in our traditional markets whilst securing technology driven projects, where project complexity and specification levels play to our strengths."

At 1525 GMT, the shares were up 3.9% to 89p.

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 130.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 155.00
52 Week Low 118.50
Volume 6,692
Shares Issued 52.85m
Market Cap £68.71m
RiskGrade 148

Tclarke Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.84% above the market average20.84% above the market average20.84% above the market average20.84% above the market average20.84% 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
Price Trend
1.99% above the market average1.99% above the market average1.99% above the market average1.99% above the market average1.99% above the market average
2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average
Income
73.59% above the market average73.59% above the market average73.59% above the market average73.59% above the market average73.59% above the market average
68.75% above the sector average68.75% above the sector average68.75% above the sector average68.75% above the sector average68.75% above the sector average
Growth
73.61% above the market average73.61% above the market average73.61% above the market average73.61% above the market average73.61% above the market average
60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average

Tclarke Dividends

  Latest Previous
  Interim Final
Ex-Div 31-Aug-23 04-May-23
Paid 29-Sep-23 02-Jun-23
Amount 1.38p 4.10p

Trades for 27-Feb-2024

Time Volume / Share Price
13:14 4,000 @ 129.00p
08:07 2,692 @ 128.90p

Tclarke Key Personnel

CEO Mark Lawrence
Finance Director Trevor Mitchell

Top of Page