T. Clarke CTO is up 10% today - why?

Tuesday, Feb 05 2019 by
4

Any ideas why CTO is up 10% today. I can't see why.

They did have an inline trading update last week (31st January).

I have been holding this for nearly 3 years and it has been pretty disappointing, so I was actually considering selling it today as part of my portfolio review, but now I am wondering what is going on.

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TClarke plc is a United Kingdom-based building services company, which delivers electrical, mechanical, and information and communications technology (ICT) services. The Company provides electrical and mechanical contracting and related services to the construction industry and end users. Its geographical segments include London and South East, Central and South West, the North and Scotland. The Company's businesses include Intelligent Buildings Green Technologies, Facilities Management, Transport, Mission Critical, Manufacturing Services, Residential & Hotels, M&E Contracting and Design & Build. The Company within its M&E contracting business has capabilities in sectors, including commercial offices, retail, education, healthcare, financial services and media. Its Manufacturing Services business includes in-house precision prefabrication and engineering services. Its projects include Beckley Court, Chiswick Park, Kettering Hospital, Project Nova, Mitie Care Home and Rathbone Square. more »

LSE Price
116.5p
Change
0.4%
Mkt Cap (£m)
49.9
P/E (fwd)
6.4
Yield (fwd)
4.0



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9 Posts on this Thread show/hide all

Effortless Cool 5th Feb 1 of 9
3

"Strong buy" from Simon Thompson in the IC.

https://www.investorschronicle...


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ISAallowance 5th Feb 2 of 9
1

I also hold T Clarke (LON:CTO), had a quick look on the advfn board and apparently it's been tipped today, by Simon Thompson in the Investors Chronicle.

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Howard Adams 5th Feb 3 of 9
2

Hi

If you are interested in T Clarke (LON:CTO) this is a Piworld/Mello/Tamzin vid about 50 mins. Useful explanation of the business.

https://www.piworld.co.uk/2018/12/10/t-clarke-cto-presentation-at-mello-london-november-2018/

(I don't hold yet, but have watched for a while and looks like I missed out, but might still buy in).

Regards
Howard

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Shrew75 5th Feb 4 of 9
2

It also got discussed in length on the Cube podcast at the weekend. Like Howard I'd been watching but hadn't pulled the trigger.

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mmarkkj777 5th Feb 5 of 9

I hold T. Clark. Is was one of the first stocks I bought in Dec after the correction and I'd watched Tazmins excellent video (as they all are).

I thought I had bought too early, as the price dipped a bit soon after the purchase and, coupled with the wide(ish) spread, I was well into negative territory for a while before New Year but it has been quite good during Jan (and today). Been busy today so didn't know why today has been so strong. Thanks guys for the background.

I'm now wondering whether to continue to hold or to sell. I really like the management, but the margins are quite slim (typical of this sector, I guess). I may just push my stop closer and see what happens tomorrow before deciding.

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Gromley 5th Feb 6 of 9
1

Just a personal observation, but if you were considering selling anyway then a high profile tip is a gift. Whilst 'tips' can, on occasion, be the trigger for a broader re-rating, more often than not it seems to me that they cause short term spikes that petter out within a few weeks at most.

(And to be fair, the tippers are usually taking a longer view than a few weeks).

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herbie47 5th Feb 7 of 9

Yes share tips often cause a spike, usually best to wait to buy the shareprice often drifts back again although I have seen relatively unknown shares to really take off after a tip. Problem is most people who bought after the tip will have paid a premium. This is a problem with tips, the tipster may show a profit but in the real world you often can't get that price.

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mmarkkj777 5th Feb 8 of 9

In reply to post #444298

Hi Gromley,

Yea, that's the internal debate that I'm having. Do I take the easy profits now, or do I hold through the probable re-trace for a potential longer term gain.

I may just top slice :-) (thinking job then done!).

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herbie47 5th Feb 9 of 9

In reply to post #444318

Minervini would take the quick profit, I have seen his comments such as a quick 12% in a few days.

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