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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Galiform | GFRM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 71.10 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 71.10 | 71.10 |
| Top Posts |
|---|
Posted at 10/5/2009 11:26 by trojan I think TP have enough on their minds at present, which will leave us to get on with recovering a decent SP!By the time they come knocking we should be around 50p at the very least imo!! "Travis Perkins is this weekend putting the finishing touches to a £300m rights issue and placing. The company, which owns the Wickes DIY chain, is expected to announce the heavily-discounted cash call to the stock market tomorrow morning. The capital raising has been fully underwritten by its financial advisers, HSBC and Citigroup, which has gained preliminary support from some large investors. Some analysts have expressed fears that the company, which has a market value of £925m, is close to breaching its banking covenants, but the rights issue will give it considerable headroom within its existing facilities. Travis, one of the most shorted stocks in the FTSE 350, has resisted pressure to tap the market for cash since February, when its share price was 290p. On Friday, it closed at 753p, meaning the move will be less dilutive for existing investors." |
Posted at 30/4/2009 08:30 by trojan As expected really, nothing to get too excited about and also nothing to worry about at this stage for me!!Always is a very quiet time of the year for them and I see thay are slowly off loading MFI units for less than we would have paid out over the duration of thier leases, which will help a bit. Profit takers are out today, perhaps looking for buy out news, but hopefully it will bring in new investors for the ride up through 40p once they have gone!! Edit: 3p down at 0830hrs is bit overdone imo!!!! |
Posted at 22/4/2009 00:45 by overmars Thanks Pat. have you seen comment in Times ? See below - get in there:It appears that the desire to indulge in a bit of home improvement has stretched as far as investors, who spent yesterday displaying a DIYer's taste for the kitchen cabinets supplied by Galiform, owner of the Howden Joinery chain. The shares rose 2p to 25p, making a 33 per cent gain in the space of a week. As well as a potential bid being considered by Travis Perkins, the BT Pension Fund, which has been selling down its 12 per cent stake in Galiform, revealed that it had sold its last remaining 40 million shares, removing an overhang. Market chatter suggested that Numis, the fund's broker, had found buyers for 80 million shares, twice the amount that it was offering. Galiform is due to issue a trading statement next Thursday and rumours intimated that even if the numbers were not good, the tone would be positive. After the collapse of MFI, Howden should be a prime beneficiary if today's Budget does kick-start stalled construction projects. |
Posted at 18/4/2009 11:32 by tullynessle Hopefully there will be some updated news, (speculation), in tomorrow's newspapers.From the Times on 3rd April 2009 Rumour of the day Galiform, the owner of Howden Joinery, rose 1½p to 18p on speculation that Matthew Ingle, the chief executive of the group, was doing the rounds in the Square Mile giving upbeat presentations to investors. Talk that Mr Ingle himself had bought more shares also sparked interest in the stock from all corners of the City. From the Times on 4th April 2009 Market reportRobert Lindsay Travis Perkins is preparing the ground for a potential rights issue to give it the firepower to buy Galiform, a rival builders' merchant. Travis, which has £1 billion in debt and is facing a dire market, has denied that it needs to make a cash call, but it said that it would keep the option open should it prove necessary. If Travis agrees a takeover of Galiform, which owns Howden Joineries, an equity issue would certainly be needed since Galiform, down ¼p at 17¾p, has a market value of £114 million, net debt of £61 million and a £122 million pension deficit. Sources close to Travis, up 46½p at 569p, believe that institutional shareholders would support a rights issue if it could be combined with a value-enhancing acquisition. Most analysts believe that the company is in danger of breaching bank covenants this year and that banks will want a big increase in interest rates and fees to renew loans. Raising cash from shareholders would allow Travis to continue paying low interest on its debt for the next four years. Tobias Woerner, an MF Global analyst who yesterday had lunch with Geoff Cooper, the Travis chief executive, said: "With regard to acquisitions, they are monitoring the market very closely, albeit they don't see the need to act as of now." Mr Woerner believed that Galiform must be one of Travis's targets. Galiform recently removed one of its poison pills by writing off its total £100 million exposure to future rental payments on shuttered MFI stores. |
Posted at 08/4/2009 09:48 by jab118 Trojan nice and steady rise 1p aday suits me fine , this rocket price rising eg.YELL not good for the market only to see it parashute back down again with some investors gravely disappointed after being caught at the top of a day trade. jab |
Posted at 15/1/2009 16:10 by trojan I have noticed that there last few releases have been a bit abrupt and pointing to their website for more detail, but that is not the done thing when investors need a quick summary of everything etc!!!Especially in these markets you don't want to have to chase around the net to get detail that should be in an RNS imo. Nevermind, as you say the upside here is far greater than any downside!! |
Posted at 11/11/2008 17:55 by patviera trojan..have you heard of mawer world investors? i think they have bought 4.5 mill shares recently according to bloomberg....i hope they are very shrewd...maybe thats why they have been rock steady of late. |
Posted at 01/11/2008 07:58 by trojan Pat..No I didn't see the warning from Smallbone, I'll have a butchers this morning. I agree that they should be a target, but in the current climate there are not many related businesses with enough of a cash pile to mount a big takeover without raising large amounts of cash imo!! As to being taken out at 60p, well there are two ways of looking at that imo. Firstly as a company it is worth a lot more and will recover in the next 18 months or so to back over a £1 and towards the 150p mark, so you should say no to 60p right now. Secondly, and from an investors point of view, if someone came along on Monday and offered you 60p a share and could complete in two weeks, you would bite thier hands off as you could take that money and invest it elsewhere for either the same or much bigger gains than holding on to them and sooner!!! I can't believe my SIPP just cleared after we have had two big moves in the SP, I will wait and see what happens next week incase we retrace a little as peeps will be cautious and I expect they will bank profits as we recover due to the climate. Have a good weekend. |
Posted at 31/10/2008 22:58 by patviera if times are that hard they could always get rid of their investor relations dept..that wouls save a bob or teo...trojan,surely once credit markets ease this is ripe for a tgt as huge central costs could be eliminated and it is a very cash generative business? would you be happy to sell your shares to a predator at 60p? |
Posted at 31/10/2008 10:37 by patviera trojan..believe me I speak to gary (head of investor relations) every week...the mngt wont talk to anyone...gary just says there is an economic storm here....really!!!! |
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