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T Clarke

March 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:
  • 140.5p
After I wrote up T Clarke last June at 140p, the shares raced to a high of 183p but soggy markets have seen a retrace. However, that’s finally changing following a strong update, the highlight of which was a record order book of £534m (2020: £456m) with technology projects now accounting for 25% (2020: 10%) of that, driven by buoyant data centre growth. Turnover for 2021 is expected to be c. £27m with underlying earnings before interest and tax (EBIT) of c. £8.8m, a year-on-year increase of 47%. Net cash was £5.3m (2020: £10.2m) reflecting higher working capital to fund the growth. Excitingly, Clarke now expects turnover to reach £400m in 2022, before achieving its £500m goal by the end of FY’23. Broker, Cenkos’ e ...

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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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