Tclarke (CTO)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

129.25p
   
  • Change Today:
    -0.75p
  • 52 Week High: 155.00p
  • 52 Week Low: 118.50p
  • Currency: UK Pounds
  • Shares Issued: 52.85m
  • Volume: 11,944
  • Market Cap: £68.31m
  • 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.

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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 129.25p
Change Today -0.75p
% Change -0.58 %
52 Week High 155.00p
52 Week Low 118.50p
Volume 11,944
Shares Issued 52.85m
Market Cap £68.31m
RiskGrade 148

Tclarke Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.85% above the market average24.85% above the market average24.85% above the market average24.85% above the market average24.85% above the market average
10.53% above the sector average10.53% above the sector average10.53% above the sector average10.53% above the sector average10.53% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average
Income
75.26% above the market average75.26% above the market average75.26% above the market average75.26% above the market average75.26% 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
73.49% above the market average73.49% above the market average73.49% above the market average73.49% above the market average73.49% 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 23-Feb-2024

Time Volume / Share Price
16:24 3,731 @ 128.59p
15:56 15 @ 130.00p
15:56 1 @ 130.00p
15:56 1 @ 130.00p
15:53 2,000 @ 127.65p

Tclarke Key Personnel

CEO Mark Lawrence
Finance Director Trevor Mitchell

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