Galliford Try Share Discussion Threads

[our haven] 09/11/2023 16:24

Fair point breezer_42

[breezer_42] 09/11/2023 11:01

@6646 - It went ex div today so 7.5p of the fall is probably linked to that.

Bigger news is the change of CFO...Andrew Duxbury has got himself a hell of an interesting job (PSN) but who will replace him?

[catabrit] 09/11/2023 10:04

Yeah they probably should have provided colour on FCF, EV to EBIT multiple near and medium term. They gave scant detail and that is quite poor. Generally, if you have picked up a bargain you typically shout about it. If it is not a good price because of the quality or growth potential that is fine - but state that.

[our haven] 09/11/2023 10:01

My guess is that paying for it out of cash reserves has meant the market anticipates a drop in dividend payments, ignoring the special of course.

[our haven] 09/11/2023 09:59

Obviously the market thinks not.They need to issue more financial details about the acquisition, otherwise the market thinks the worst.

[our haven] 09/11/2023 07:21

The new acquisition for 7m looks a good fit and will help broaden the client's to the group.

[our haven] 07/11/2023 09:39

Nice contract win at Brent Cross.Helps the pipeline.

[albert arthur] 02/11/2023 11:10

Exdivi next week, nice yield.

[our haven] 01/11/2023 15:35

Rising nicely on good volumes today and yes, it has been an excellent year.

[ddubzy] 01/11/2023 15:03

Indeed and another 7.5p divi due next week

[catabrit] 01/11/2023 14:27

The risk adjusted return here over the last 12 months has been amazing.

[eigthwonder] 22/9/2023 10:31

RNWH and GFRD have slightly different corporate DNA. RNWH's core is really a support service provider and much of their work although of a contractor type activity (using plant and machinery in the field) is actually tapping opex type budgets - projects within a financial year. Galliford is much more a contractor in the classic mould - taking on multi period capex work. That's why GFRD margin is in the 2's aiming for 3, and RNWH margin is in the 6's, and why GFRD have to have cash on the BS (but they have too much, i agree) but RNWH runs a more capital light model. Where they are similar is that both have a management team with an excellent approach to risk control

[wfcreserves] 22/9/2023 09:19

Not a Renew empire builder then?

[eigthwonder] 21/9/2023 17:48

Not sure it will ever become "major" - management are very cautious about large contracts and while they can win a large number of smaller/medium size contracts, each one requires managing and i don't think they have the numbers to do that. the fact they are happy to keep returning capital one way or another suggests they are happier being modestly sized but outperforming on the profits/cash flow/returns per unit of capital. Bigger isn't necessarily better

[careful] 21/9/2023 15:54

Great potential here to become a major infrastructure company.
Still relatively small.

Good management.

[our haven] 20/9/2023 07:06

Very good update with no shocks.The management are delivering exactly what they said. Upper end of forecasts and dividends delivered. Happy days.

[wfcreserves] 18/9/2023 20:01

Thanks. I can see now that the number of voting shares is decreasing as the buy backs continue as per RNS.

[eigthwonder] 18/9/2023 13:49

No, it is cancelling the shares, thereby boosting the eps in the future

[wfcreserves] 18/9/2023 13:17

The company say that the shares bought back are not held in Treasury. Does this mean they are held as an investment to sell back into the market in the future?

[eigthwonder] 17/9/2023 21:11

fair point - i had missed the RNS.

[ddubzy] 17/9/2023 18:47

Assume you haven't been here for long. LTH will know this following RNS DATED 8 June. Might be worth a read 8wonder, your welcome!

[ddubzy] 15/9/2023 14:10

Big special divi coming soon too

[our haven] 15/9/2023 11:21

Earnings report due next week on the 20th. I am expecting no shocks and the pipeline looks good IMO.