Galliford Try Investors - GFRD

Galliford Try Investors - GFRD

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Galliford Try Holdings Plc GFRD London Ordinary Share GB00BKY40Q38 ORD 50P
  Price Change Price Change % Stock Price Last Trade
2.90 2.4% 123.50 16:35:14
Open Price Low Price High Price Close Price Previous Close
120.40 120.40 125.00 123.50 120.60
more quote information »
Industry Sector

Top Investor Posts

cc2014: Only investable as they exit the bottom of the cycle imho. However... Even I, who I suspect is far more bearish on the prospects of this sector than 95% of the readers on here is beginning to look at the share price with surprise. Perhaps not at the price but the speed of the fall and on how little volume. The share price isn't enough to excite me to buy but it is my very broad guess that the share price should stabilise soon. Further legs down may come as just how bad a state the economy is in will become more evident even to the most optimistic of investors. Mind you 50p on Kier doesn't look so far away now either...
careful: Essential Warnings of big falls are meaningless without any detailed arguments as to he exact reasons why. We investors are bombarded with dozens glib predictions of disasters or success. Always interested in reading about the state of this industry. there have been many past disasters with the big players. The mind boggling incompetence with CLLN. was staggering. ...and yet whilst CLLN left behind chaos and financial failure, the key directors were personally successful and did very well out if it. The workforce were paid well also, for as long as it lasted. Are these companies investable?
careful: Next wed 16th results will be eagerly awaited by worried investors. A spectacular collapse in the share price, down 60% in he last few weeks. A cash boost at the time of the split, HMG committed to infrastructure spending and flood defences, the occasional decent order. Covid aside, there has been no specific negative news that I know about. Next Wed will answer some questions, one way or the other.
tomboyb: Yep - Also taken a few - CC generic posts - Gov news on 1.stamp Duty, 2 EPC grants of up to 10k! 3 v.a.t REDUCED to 5% in hospitality and 4. planning permission for developments made easier for developers. Excellent opp now for blackrock to clear and investors -
gooner1886: To be fair they have stated they will be going for less riskier contracts and more public sector work (government funded) and they have started doing so, aswell as instituitional investors buying in late last week! You would think this is due a move up, but volume is low!Its confusing why there hasnt been a decent blue day here in ages even when the markets are boyant!Each to thier own what people do with thier money. Im going to ride it our for a while, but you do have to cut losses some stage i guess. As mentioned PR isnt the best is it! Update is required
bookbroker: Hocking should make a statement of some sort, even if it is simply an update regarding Covid-19, we have not heard anything since 31.03., and now they must have more projects back in operation investors should be informed of the latest state of affairs.
bookbroker: Ur in LaLaLand Ammu, I hope you are right but just blurting out a number you have plucked from your head makes no sense, investors likely need to see a set of results under Hocking without Linden to put a sheen on them.
riley109: GallifordTry - link to home page Capabilities Investors Careers Sustainability Investors Overview Financial Calendar Key Financial Information Share Price Information Reports & Presentations Regulatory News Shareholder Information Company Information IR Contacts Significant Shareholders Advisers Significant Shareholders Pursuant to the FCA's Disclosure and Transparency Rules, the Company has been notified of the following interests in 3% or more of the Company's share capital: Significant shareholders Information Shareholder Name Amount % Holding BlackRock Inc 10,015,413 9.01 Standard Life Aberdeen plc 6,436,890 5.80 Premier Miton Group plc 5,746,818 5.17 J O Hambro Capital Management Limited 5,738,929 5.17 Dimensional Fund Advisors LP 5,552,493 5.001 Brewin Dolphin Ltd 5,169,266 4.66 Norges Bank Investment Management 3,515,528 3.17 This is good enough for me
garycook: Re-building the business. 2019 has been a tough year for Galliford. It started by issuing a profit warning in April due to exceptional costs on the Queensferry Crossing in Scotland, and the firm has struggled to rebuild investor confidence ever since. Management is undertaking a strategic review of this construction division, with the view to a sale in the medium term. Galliford has also recently agreed on the sale of its homebuilding business. After peer Bovis approached the company about a deal at the beginning of 2019 (rejected), it returned in the third quarter with a higher offer. Bovis is paying £1.1bn in cash and shares to acquire Galliford’s Linden Homes and Partnerships divisions. This deal raises the prospect of a special dividend for Galliford’s investors, and also strengthens the group balance sheet. Additional security The City has been worried about the company’s balance sheet for some time, and the stock, which currently supports a dividend yield of around 9%, should receive a boost from this additional security. And if management can agree on a long-term plan for the rest of the group’s businesses, including the construction and regeneration arms, I reckon the stock could produce a total return of more than 100% in 2020. At the time of writing, shares in Galliford are dealing at a forward P/E of just 5.4, around half of the sector average. In my opinion, this reflects the level of uncertainty surrounding the business. If management can lay out a long-term plan, I reckon investor confidence will return, and the stock could rise to a sector average multiple, implying an upside of nearly 90% from current levels. On top of this, there’s that juicy 9% dividend yield to look forward to.
dr_smith: I note from todays results: "STRATEGY The Group's three-part strategy comprises: (1) Operating efficiencies to increase margins and develop stronger foundations for sustainable growth. We have streamlined operations across the group creating a leaner and more resilient business to support ability to grow. (2) Maintain capital discipline. We continue to manage capital prudently and continue to pay dividends while reinvesting appropriately in a growing business. (3) Operate sustainably to create longer-term value. We enhance our policies and procedures, embedding them in leadership and culture, implement programmes to improve employee and subcontractor safety behaviours and engage with employees to identify training and development needs. The Group intends to publish revised medium term targets in Spring 2020." The above is repeated on their investor overview webpage: hTtps:// Re the last line: "The Group intends to publish revised medium term targets in Spring 2020." No! Given the post CRLN changes, they have time and medium targets should be stated now! Without this, no overture from BVS can be put into context and assessed. It reads as if they haven't bothered planning a non BVS deal future. Further, the 3 bullet points are not targets but directional aspirations. Targets are quantifiable figures. " subject to a shareholder vote by both sets of shareholders." For GFRD to vote, those targets, the non BVS planned future, has to be stated now, and indeed, how could BOD reccomend a vote without it? It would be nice to have some comment from major shareholders and I have no clue on the mix, of PI's, BOD, & various institutions. Around 30% of them are listed here: hTtps:// Possibly the weekend papers will contain major shareholder responses. IMO Dave
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