T Clarke’s interims confirm an improved first half performance, in line with expectations, alongside a double digit increase in the order book. The London & South region remains the stand out performer, with some larger schemes set to kick off in earnest in H2. The H1 cash outflow was greater than expected but a significant inflow is anticipated in H2. T Clarke remains an attractive recovery story trading on c.13x FY15 P/E (4.0% yield) with a positive outlook for revenue and margin growth.
04 Aug 2015
Increasing confidence in medium term outlook
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Increasing confidence in medium term outlook
TClarke plc (CTO:LON) | 161 0 0.0% | Mkt Cap: 85.0m
- Published:
04 Aug 2015 -
Author:
James Tetley -
Pages:
5
T Clarke’s interims confirm an improved first half performance, in line with expectations, alongside a double digit increase in the order book. The London & South region remains the stand out performer, with some larger schemes set to kick off in earnest in H2. The H1 cash outflow was greater than expected but a significant inflow is anticipated in H2. T Clarke remains an attractive recovery story trading on c.13x FY15 P/E (4.0% yield) with a positive outlook for revenue and margin growth.