Galliford Try Share Discussion Threads

[susiebe] 21/10/2020 14:35

Sounds like they're on track to improve their margin,Im a buyer today.

[susiebe] 21/10/2020 11:23

The bit that only partially copied reads'Pleasingly, we reinstated guidance at the Full Year Results in September'

[bookbroker] 21/10/2020 11:23

Shouldn’t have to be a 2% margin, too little room for error. That is why engineering companies are a no-no, invariably on larger projects cost over-runs occur. They need to be able to operate at a higher net margin.

[susiebe] 21/10/2020 11:20

Email received from company this am included this.Haven't had a listen yet.nstated guidance at the Full Year Results in September. I would suggest you listen to the webcast here https://webcasting.brrmedia.co.uk/broadcast/5f3e53a2b14d87262643a355 where you can hear from management on their confidence in achieving our 2% margin target

[mark1000] 19/10/2020 18:12

Have written to ADVFN to point out that they are reporting an incorrect Mkt Cap on this share should be 110M - 111M shares @ 73.2 p = 81/82 £ Million they are getting on to double this @ 159 M. It will be interesting to see if they ammend it accordingly.

[mark1000] 16/10/2020 09:53

CC2014 Currently do not hold CTO but have in the last 6 months. With regard to GFRD however I was pleased to see that they have a joint partnership with a Chinese company to build 500 flats in Leeds. This for me was positive then they go and give the directors a long term bonus target through to 2023 partly based on cash balances instead of say 100% EPS.

[cc2014] 15/10/2020 13:26

We are in the same place then. I have still have a contract note from 2000 showing I sold Galliford at 27.5p, having made what I thought a handsome profit at the time buying sub 20p. Not sure if it had a share split since then? I sold all my CTO in March for a decent profit having held for about 3-4 years. I missed the top by miles and miles though. I don't see how it will be spared from the construction downturn however good the mangement are. I wonder how many data centres they are actually doing and note they are about 7 years too late entering that market. Good luck with CTO

[cc2014] 15/10/2020 12:22

Hi Mark, I'm very familiar with NMCN and I'm not in general disagreement with your general comments. The construction sector is really tough and there's no magic way of making money as there's always a competitor as the barriers to entry are very low. I suppose I was being picky. NMCN definitely don't work on Thames Water but they do work on Severn Trent and others. It's actually one of the areas in construction where there are a few barriers to entry as you need previous expertise. This is the bit that worries me about GFRD's win in this area. OK, they have previous experience but it's not extensive. Time will tell. At the moment it's a race to the bottom on margins in this sector as the beast needs to fed. I sold all my construction stocks in Feb/Mar/Apr including NMCN. I shan't be re-entering until we hit the bottom of the cycle which seems now to me to be at least 2 years away.

[mark1000] 15/10/2020 11:57

CC2014 see their update release today it was work on AMP6 the wins GFRD announced were on AMP7 hence their comments about the transition from AMP6 to AMP7. Please note I am not saying they made losses on their AMP6 work but I am saying it was not as profitable as reported in their earlier accounts. The market place in this sector is highly crowded competitive dog eat dog and race to win business almost regardless of risk v margin.

[cc2014] 15/10/2020 11:45

hmm. I don't think they work on the Thames Water contract. They do work on a number of others. Happy to be corrected.

[mark1000] 15/10/2020 11:39

See NMCN share news today overstated profits by 15M their Market Cap today 18M it appears their FD could not add up proper. They are now talking about a 0.5% margin for the rest of the year blimey may be the whole of the industry has signed a suicide pact. Their losses are mainly on the Thames water contracts the predecessors to our recent wins. To invest in this sector you need balls the size of footballs and as for brains the less said about that the better.

[mark1000] 14/10/2020 17:17

Imatsu the 1.5% before Central costs is from the Company its real I remain gob smacked that they own up to what is a suicidal low target. I have just looked at Vistry targets 24.5% on house building and 10% on Partnerships now thats a business that you can believe in but 1.5% well that has no future once the cash mountain is spent.

[imastu pidgitaswell] 14/10/2020 08:44

The only thing I can think of with this 1% margin is that it is notional, and includes all costs they can possibly think of, including central overheads, notional future depreciation of capital assets, notional interest costs on their assets etc. Universities do something similar when it comes to (what they call) Full Economic Costing when pricing research grants. It basically presents a sob story to government and others who want to see their money being spent frugally. All a bit of a game, and all very theoretical. Because if that isn't the case, targeting a real world 1% operating margin, on a risk-based long term contract, is utterly stupid - they have no hope of making a real return.

[our haven] 14/10/2020 08:22

Initial trades suggest that the margin will be above your 1 percent so we will see.

[ammu12] 14/10/2020 08:04

Less than 1%. Any hiccup and it's making losses.....Anyone in the construction industry knows hardly any project goes smoothly and on budget.

[susiebe] 14/10/2020 08:01

Loss??I wi be contacting the co today to ask them about this,margins etc

[ammu12] 14/10/2020 07:39

Another loss making contract

[our haven] 14/10/2020 07:07

Good news for the pipeline of the award of the two contracts for Thames Water. Let's hope that it is also good news for the margin!

[ammu12] 13/10/2020 15:53

This business model would never make money and it's only there for directors to draw salaries and bonuses.No value here for shareholders!!

[mark1000] 08/10/2020 13:25

If only Galliford would say they are reviewing their target margin of 1.5% before Central costs I might take the BOD more seriously. They appear to continue to be wed to same old same old it has proved to be utterly incappable of producing serious profits in the past and I see no reason why it should in the future.

[careful] 06/10/2020 17:56

If Boris was to be taken seriously his talk today of infrastructure and construction should be good for GFRD. I am beginning to wonder if Johnson is capable of moving markets anymore because we cannot take him seriously. He is all bluster, the UK version of Donald Trump.

[mark1000] 24/9/2020 10:00

I suspect that it is not an annual award but one set up through to 2023. There will be other annual bonus payments presumably paid through the payroll for these proven failures suspect these have not been great based on profitable performance or should I say lack of. The big shareholders need to show balls and get the Chairman to talk to the best run construction companies about a merger or sale before this lot give themselves a bonus for keeping their tables tidy or not crashing their Company cars etc.