Galiform Share Discussion Threads

[trojan] 24/4/2009 08:44

Sorry Pat, court case, what have I missed now??

[patviera] 23/4/2009 19:01

trojan...whats that court case about?

[patviera] 23/4/2009 18:14

i think trades went t a few buyers so would be surprised to see more than 1 rns...anyway buyers and sellers are irrelevant..as we saw hermes was a seller since 15p yet shares are up 50 pct...so as i told trojan a while back "biggest sellers at the bottom"..we are now in a 20p-40p trading range...phew!!! I hopefully wont be driving you mad anymore mr.trojan!!!

[patviera] 23/4/2009 16:52

made 8.5p eps last year..wouldnt it be great if they made 6p this year on back of economy chuggling along nicely and a pick up of bus from mfi customers etc....pe of 10 and 60p would make me very very happy.
TPK could bid 60p and get rid a chunk of central costs and be ready to clean up on a 5 year view ready for the next cycle.im not dreaming am I? Especially with TPK share price now on a surge(260-686!!)

[trojan] 23/4/2009 15:09

Agreed Tully, I think I did some sums a few posts back on that day's trading and a large % of that big sell looked to be taken up by one buyer over a few smaller trades leaving about 3m to go elsewhere, I think!!

We shall see, let's hope it is not part of a takeover battle as I want these to go solo as it will give us the best return!!

[tullynessle] 23/4/2009 14:44

Should we expect one or more Regulatory News Releases with updated "Holdings in Company" information.

More than 50 million shares were sold on Friday (18th Apr) as well as a significant number the previous day.

I believe that any notification has to be provided within three working days - is that correct?

On that basis we should receive an update(s) later today or tomorrow - (unless the shares were bought by a number of institutions / others without taking their holdings over 3% - perhaps unikely?)

[trojan] 23/4/2009 12:50

That didn't take too much to hit then!!!!

Very nice, let's hope it holds!!!

[trojan] 23/4/2009 12:23

Agree, the bottom has been and gone (famous last words) and 50p would be nice by year end, but the stock is capable of being higher as it's not like it is entering un-chartered waters after all!! ;)

Hard to call at the moment and swings in the share price are almost a certainty imo, but there are small signs out there of buyers returning to the housing markets and although too soon to get carried away, it is still good news.

I would like to see one or two of the old MFI sites pass on soon to reduce the write down that was made, I wonder if any of them would suit Best Buy as they are looking for 30 site in the UK??

[patviera] 23/4/2009 09:41

thx raider...i thought that 22p was the ma so that was the new support? according to a previous post.

[raiderrm] 23/4/2009 09:26

Technically we need to break through 26p today, then we are definately in a new price trend IMO and could see some decent steps up again as 26p becomes the new support and 34p the next resistance. DYOR

No Daytraders :)

[venkata] 23/4/2009 08:49

50p by the end of the year would suit me very nicely indeed... And could indeed happen... however i do expect there to be many ups and downs, with big percentage swings in both directions as we climb out of this... so the end of the year could just as easily see 25p as 50p, it will just be a snapshot in time... I do think we've seen the bottom though... but then WTFDIK... ;-)

[patviera] 22/4/2009 18:19

trojan...only? SHARES WERE 12P SO 50P IN A YEAR WOULD BE A NICE RUN NO?...did you glean anything from budget?...shares stalling as indigestion from 20.5p level....as nice percentage for the short termers....not us though trojan!!!xxxx

[trojan] 22/4/2009 08:05

Only 50p!!!! ;)

40% increase in house sales for last month and today there should be some news on the big money being made available to build new council homes!!! Galiform are very good at picking up the business to supply kitchens to local authorities at local level, so it looks all good to me at present!!!

30p by end of April looks like being on the cards!!

[patviera] 22/4/2009 07:07

YOU BEAT ME TO IT OVERMARS...I WAS ABOUT TO MENTION THE TIMES ARTICLE...YOU ARE AS QUICK AS YOURE DRIBBLING ONCE WAS...IM NOW VERY EXCITED ABOUT THIS SHARE AND HAVE UPGRADED MY YEAR END TGT FROM 40P TO 50P.XXXX

[overmars] 22/4/2009 00:45

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.

[patviera] 21/4/2009 22:35

WITH a pickup on the high street I would like to see a flat lfl at worst...the comparatives should get easier as the year progresses.

[overmars] 21/4/2009 19:33

Trading update next week - what are we going for ?

[raiderrm] 21/4/2009 18:57

nice £59k buy at close

[gunther1] 21/4/2009 17:15

Happily holding. The recent trend is a cracker and the curvature of the cart is too encouraging to hold back on this one.

[patviera] 21/4/2009 17:00

noone around today?

[patviera] 20/4/2009 19:12

i would like to see 20.5p hold as this is where hermes stock was placed and would mean that buyers were unfulfilled at that level.xxx

[trojan] 18/4/2009 11:51

Cheers Tully, always nice to see positive news again.

I very much hope that we go it alone as the potential for recovery here is huge and even at this level it is a five bagger over the med/long term!!

That said of course if someone wants to pay over the top right now then that would also be fine, but I can't see it happening at all and the share price move will force TP's hand if they want to get it cheap!!

We need to see 30p and then 40p pdq if we want to see off the bidders in the short term imo!!

[tullynessle] 18/4/2009 11:32

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.

[trojan] 18/4/2009 08:09

Pat ;)

jab.. Two threads active????

The other one has not been used since July last year after we set this one up!

I would be happy to consolidate next week with just a penny or two increase, but let's wait and see.

[jab118] 17/4/2009 20:10

yetifur.. If he's aboard I haven't picked up on, him posting yet al'as:-)

ps-- then again there was 2 threads active today