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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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T Clarke

September 2021

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:
  • 141.5p
The shares are heading back better towards their high after T Clarke’s results unveiled a strong 30% rise in turnover to £138.2m. Contract mobilisation costs and revenue timing, alongside investment, lowered operating margin from 2.1% to 1.7%, although pretax profit still grew 12% to £1.9m (eps: 3.6p). Net cash fell from £7.5m to £2m but that reflects a £3.5m one-off VAT regime change and it still has £27m liquidity.But the real story was the order book rising to a record £503m, up 25% year-on-year, while it enjoys a strong pipeline of preferred bidder work.  Broker Cenkos says it trades at a discount to peers on a prospective PE of 9.1, falling to 6.7 based on unchanged fo ...

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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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