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Prices & Quotes - UK Markets - Tclarke (CTO)

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Share Price:
Up 145.00p
Change Today:
5.00p
Market Cap:
63.30m
Sector:
Construction & Materials

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.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tclarke Market Data

Currency UK Pounds
Price 145.00p
Change Today 5.00p
52 Week High 183.00p
52 Week Low 88.40p
Volume 12,022
Shares Issued 43.65m
Market Cap 63.30m
Beta 0.06

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tclarke Dividends

  Latest Previous
  Interim Final
Ex-Div 02-Sep-21 22-Apr-21
Paid 01-Oct-21 21-May-21
Amount 0.75p 3.65p

Trades for 26-Jan-2022

Time Volume / Share Price
14:48 966 @ 146.38p
14:24 1,500 @ 144.14p
14:14 4,000 @ 144.13p
12:54 5,000 @ 145.00p
09:51 556 @ 147.50p

Tclarke Key Personnel

CEO Mark Lawrence
Finance Director Trevor Mitchell