Updates

TClarke

September 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.

In response to an order book growing from £586m in H1 ‘22 to the current £781m and a pipeline in excess of £1bn, electrical and mechanical contractor T Clarke has raised £10.7m gross via the issue of new shares at 122p. The funds will be deployed to deliver identified contract opportunities in London as well as strengthening the balance sheet. The buoyant placing came just before interim results, which were in line and showed a slight decrease in EBIT profit to £5.7m (down £0.3m) but with EBIT margin up 0.1% to 2.8%. This year will be a stub year (Cenkos eps: 17.4p), before a surge to 24.2p and 27.1p. T Clarke’s markets are resilient with growth hot spots in government-backed infrastructure such as new hospital ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Hunting

Begbies Traynor

TClarke (June 2024)

TClarke (May 2024)

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

T Clarke (April 2023)

T Clarke (March 2023)

T Clarke (January 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X