The company's trading update post-Interims (in July) can only be described as impressive, being reassuringly positive on dividends, on revenue and margin recovery, and on the resilience of cash flows/net cash. Any trepidation that the recovery in its markets (and consequently TClarke's performance) from COVID lockdown would prove slow or even elusive can now be dispelled. The revenue run rate in H2/20 is within 20% of 2019's level – and sequentially better MoM - while margins are forecast to tra ....
01 Oct 2020
Cenkos: TClarke Plc -- Emerging with real strength
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Cenkos: TClarke Plc -- Emerging with real strength
TClarke plc (CTO:LON) | 161 0.8 0.3% | Mkt Cap: 85.0m
- Published:
01 Oct 2020 -
Author:
Cavendish Research -
Pages:
6
The company's trading update post-Interims (in July) can only be described as impressive, being reassuringly positive on dividends, on revenue and margin recovery, and on the resilience of cash flows/net cash. Any trepidation that the recovery in its markets (and consequently TClarke's performance) from COVID lockdown would prove slow or even elusive can now be dispelled. The revenue run rate in H2/20 is within 20% of 2019's level – and sequentially better MoM - while margins are forecast to tra ....