Any body out there following this share? |
Over the last year we are up over 49 percent. The numbers all look pretty good. In the shorter term we have had a pause in the share price growth.I am happy to hold as the pipeline looks healthy and IMO the share price will resume an upward trajectory in the future. |
graph is looking quite sickly, yet results suggest GT is in reasonably good health & shape. Views? |
Good post thanks |
There are no restrictions on cash. Its valued as it is because its sector specific. Net operating margin is only about 250bps. Medium term aiming for 350bps i think. Just use statutory PBT for a clean valuation. 35m pbt translates to approx 42p eps. Strip out average cash not year end cash of 180m gives you a EV of 190m so trading on 5x cash adjusted. Cheap as chips but its the sector valuation. Costain is actually even cheaper and a good peer comparison. Expecting a TU from Costain anytime soon. I hold both. Dividends, sharebuybacks, net cash and one of the few UK sectors with structural tailwinds. |
4*
Galliford Try, the UK construction group, issued a very positive trading update this morning for the half year period from 1 July to 31 December 2024 and the share price is up 7%+ so far on the news. Trading is ahead of both the prior year period and the Board's expectations. Given continued project wins and improved framework participation, revenue and profit before tax for the full financial year are expected to be at the upper end of current market expectations – currently for £1,803m to £1,835m for revenue and £34.0m to £35.4m for profit before tax. FY23 PBT was £30.9m pointing to profit growth of about 12%-13% The Group’s order book is also stronger at £3.9bn up from 31 December 2023: £3.7bn...from WealthOracle
wealthoracle.co.uk/detailed-result-full/GFRD/1146 |
Period end cash £210m, are there any restrictions on that cash? If not then Market cap of c.£370m, so EV c.£160m, with c.£35m of FY EBIT and last FY results DYOR I believe had c.£20m of depreciation so c.£55m of EBITDA so c.3X EV/EBITDA is that right?
With decent yield and share buybacks.
Why is the market valuing this so low?
DYOR |
Great trading update and glad I have been in from the beginning! |
Yes cracking stuff glad I bought more yesterday! |
Fabulous TU, well done everyone at GFRD. |
TU tomorrow |
Another contract 100M, nice! |
Positive note out this morning from Cavendish raising TP 19% to 527p. 2024 was a superb year for GFRD. Here’s to momentum continuing in 2025! GLA |
Interesting RN’s |
Couple of new contracts wins to help the pipeline and maintain the organic growth. Since the split in the business, Gailiford Try has gone from strength to strength, happy days |
More contracts 👍🏻 interesting, Big Yellow Storage! might be worth running the slide rule over BYG from an investment standpoint. |
OH, that was me winding the rampers up 😂 highly unlikely VTY will be taken out. |
Vistry are much larger that GFRD.
They were split off from Linden homes a few years ago, Greg went to Vestry which was Linden Bovis and other bits and bobs.
Maybe a merger, but not a takeover. |
Rumours bid interest in Vistry with someone suggesting that it is Gailiford Try. I would doubt that |
Article on SimplyWallStreet for those interested 🤔 |
Ex-divi date is next week, paid in December. |
@ddubzy
Divi due 5/12 |
Long way to go IMO
Net cash growing
Yield, lovely in ISA
Capital growth as it slowly increases margins & EBITDA
Market cap on EV/EBITDA basis still compelling
All IMO/DYOR |
11.5p divi for those holding next week. What a wonderful share this has been over the past 12-24months |
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