Updates

TClarke

April 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

2023 was far from a straightforward year, with the turbulence of the construction sector causing one main supplier to became insolvent and TClarke had to re-procure the work across a number of smaller suppliers mid-contract. Having done that it was able to deliver on its project schedule, albeit at a greater cost. These measures restricted the operating margin to 1.9%, below the previous year’s 2.7%. Consequently, sales were up 15% to £491m, a new record, but pretax profit was down 26% to £7.6m. Meanwhile, TClarke continued to win new work at a rate of knots with the order book ballooning by 70% to £943m of which data centres are £346m. Having raised £10.7m cash via a placing at 122p last July to avail of the more complex and big ...

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Yu Group - Shell deal releases £50m collateral

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TClarke - 160p cash offer from Regent Gas (May 2024)

TClarke (August 2023)

TClarke (June 2023)

T Clarke (February 2023)

T Clarke (December 2022)

T Clarke (August 2022)

T Clarke - High confidence to beat forecasts (June 2022)

T Clarke - Eps of 21.1p forecast this year (April 2022)

T Clarke - Record Q4 for sales and no supply chain issues (December 2021)

T Clarke - Data centre wins balloon order book to £503m (September 2021)

T Clarke - Cash adjusted PE of 4.7 (February 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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