(CTO.L) Clarke (T) PLC Buy/Sell

RNS Number : 7295C
  Clarke(T.) PLC
  19 November 2009
   

    

T.CLARKE - INTERIM MANAGEMENT STATEMENT

T. Clarke plc, ("T. Clarke") the Electrical engineering and contracting Group, announces its Interim Management Statement covering the period from 1 July 2009 to 18 November 2009.  

Trading during the period was broadly in line with the Board's expectations. While the markets in which the Group operates remain challenging and competitive, the Board is encouraged that the level of tendering activity has improved.  The Group's focus remains on maintaining margins where possible and we continue to seek sensible cost base reductions. By this year end we will have a leaner business and will have absorbed the cost of these efficiencies. We must, however, as a broadly based business geographically and by sector, ensure that the Group is in good shape for the expected upturn in market conditions.  We are maintaining our focus on cash management, which remains important during these difficult times. We remain vigilant to the risk of bad debts and the Board is of the opinion that adequate provisions have been made for our current exposure. However, our balance sheet remains strong and we have robust cash balances of some £20 million and no significant debt.

As highlighted at our half year results, we have continued to consolidate our regional businesses and focus our efforts on the stronger operations. Our business in Altrincham has now ceased and all costs associated with the closure were provided for in the first half and our business in Rowley Regis, West Midlands has been sold.

In summary, we are trading in line with current market expectations, our order book stands at approximately £140 million and cash remains robust. The Board is confident of maintaining market share going forward and we believe that our strong balance sheet will enable us to consider opportunities as they arise.

-ends-  
    
 

Date: 19 November 2009

For further information contact: 

 T. Clarke plc                       City Profile 
 Pat Stanborough, Chief Executive    Simon Courtenay 
 Victoria French, Finance Director   Tel: 020-7448-3244
 Tel: 020-7358-5000
 web: www.tclarke.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
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RNS Number : 6291B Clarke(T.) PLC 29 October 2009

A second and final Price Monitoring Extension has been activated in this security. The closing auction call period is extended in this security for a further 5 minutes.

Following the first price monitoring extension this security would still execute more than a pre-determined percentage above or below the price of the previous automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction call execution which will set today's closing price.

The applicable percentage is set by reference to a security's TradElect sector. This is set out in the Sector Breakdown tab of the TradElect Parameters document at www.londonstockexchange.com/en-gb/products/membershiptrading/tradingservices</f ipP>

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 6265B Clarke(T.) PLC 29 October 2009

Today's closing auction call period has been extended in this security by 5 minutes.

Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security during the initial auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the last automated execution today.

The applicable percentage is set by reference to a security's TradElect sector. This is set out in the Sector Breakdown tab of the TradElect Parameters document at www.londonstockexchange.com/en-gb/products/membershiptrading/tradingservices</f ipP>

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 1510Y Clarke(T.) PLC 28 August 2009

T Clarke plc

Directorate change

T.Clarke plc announces the resignation of Barry DeFalco as Managing Director, UK Regional Operations on 27th August 2009. Mr DeFalco will be leaving the business as part of the restructuring of group operations which has been implemented following the strategic review which was completed earlier this year.

Russell Race, Chairman commented:

"The board would like to thank Barry for his many years of loyal service and wish him well for the future."

28th August 2009

For further information contact:

T. Clarke plc City Profile

Pat Stanborough, Chief Executive Simon Courtenay Victoria French, Finance Director William Attwell
Tel: 020 7358 5000 Tel: 020 7448 3244

This information is provided by RNS The company news service from the London Stock Exchange

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