This morning's trading update box ticks the FY21 outturn but more importantly delivers a confident and powerful message around its target revenue growth to £500m by 2023 (50% plus growth). Critically management is reassuringly positive on its ability to achieve this without prejudice to the quality of physical execution or financial performance, from margins to cash flow. There could yet be positive earnings and cash surprise out to 2023 whilst projected 4.5-5x dividend cover going forwards hold ....
27 Jan 2022
Cenkos: TClarke Plc - Pre-close FY21 update – Rising Confidence
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Cenkos: TClarke Plc - Pre-close FY21 update – Rising Confidence
TClarke plc (CTO:LON) | 161 0 0.0% | Mkt Cap: 85.2m
- Published:
27 Jan 2022 -
Author:
Cavendish Research -
Pages:
6
This morning's trading update box ticks the FY21 outturn but more importantly delivers a confident and powerful message around its target revenue growth to £500m by 2023 (50% plus growth). Critically management is reassuringly positive on its ability to achieve this without prejudice to the quality of physical execution or financial performance, from margins to cash flow. There could yet be positive earnings and cash surprise out to 2023 whilst projected 4.5-5x dividend cover going forwards hold ....