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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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T Clarke - Order book up 24% year-on-year

July 2022

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.

  • Epic Code:
  • CTO
  • Price:
  • 156p
The shares’ firm up-trend remains intact, helped by a positive AGM suggesting it “might even be ahead of the revenue curve” according to broker Cenkos in its quest to achieve £500m revenues and 3% operating margin by FY’23.Its AGM update revealed its forward order had increased again from £534m in March to £585m, which represents 24% growth from the same period a year ago. That growth is being driven mainly by data centres, which are expected to account for one third of group business by the year end. Half year results will be released 14 July. As Cenkos says, the shares can be bought on a FY’23 PE of 6.5, 3.2% dividend yield and with net cash expected to reach 13% of its market cap by the end of next year. I ...

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