Updates

T Clarke

January 2023

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.

With the markets in a mood to punish even a tiny “transgression,” T Clarke shares have been weak after it said around £40m of revenues previously expected for this year have been pushed back to 2023, but it’s just a timing issue rather than a notable collapse in demand with the order book standing at £545m as at 31st October, up from £534m at end December 2021. With £384m contracted for FY’23, it has already covered more than three quarters of forecast revenues. With forecast EBIT margins of c. 2.8% for this year maintained, Cenkos has downgraded eps expectations 11% to 19p. The broker has conservatively cut EBIT margin for FY’23 by 0.5% to 2.4%, resulting in downgraded FY’23 eps forecasts of 19.7p. T Clarke’s balance shee ...

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Cranswick

Forterra

TClarke (June 2024)

TClarke (May 2024)

TClarke (September 2023)

TClarke - Huge growth in data centre business drives order book gains (July 2023)

T Clarke (April 2023)

T Clarke (March 2023)

T Clarke (September 2022)

T Clarke - Order book up 24% year-on-year (July 2022)

T Clarke (April 2022)

T Clarke (March 2022)

T Clarke (January 2022)

T Clarke (September 2021)

T Clarke - Electrical contractor with buoyant order book on low PE (June 2021)

T Clarke - "Activity remains at a high level" (September 2002)

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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