Galliford Try Share Discussion Threads

[speedsgh] 14/9/2016 13:40

I note that GFRD have provided the following guidance in today's results on the dividend going forward...

ANNUAL RESULTS STATEMENT FOR THE YEAR ENDED 30 JUNE 2016 -

"For 2017 we retain our target of 1.6 times cover. As part of our current review of strategy, and specifically considering our disciplined growth plans for Linden Homes and Partnerships and Regeneration, we are proposing to build cover, beginning in 2018, aiming in each year at least to maintain the absolute payment (subject as always to market conditions and profit performance)."

So, assuming the business continues to grow according to plan, the dividend looks set to increase in the current FY2017 with a slow down due to a building of dividend cover from FY2018 onwards. Sounds like they are looking to at least maintain the div from FY2018 although do leave some scope for an increase if results justify it, although one would assume that this would be a small rise in comparison to recent years.

[puffintickler] 14/9/2016 12:30

No serious top-up for me, I am already seriously topped up here...(8o)

[bluemango] 14/9/2016 11:53

Agreed fp.

Yield at £12 with new annual div 82p is 6.8%. At £14 it's still extremely good in today's market at 5.8%.

[fizzypop] 14/9/2016 11:42

Indeed pt. I suggest a serious topup a week or so before the Autumn Statement and before the ex div date of 27 Oct. I reckon £14 by end Nov.

[puffintickler] 14/9/2016 09:21

It should go higher though...

[puffintickler] 14/9/2016 09:20

Good forecast fizzy pop (for 1200p, made 9th Sept), price now just under 1198p!

[careful] 14/9/2016 07:39

impressive.

[waspfactory] 14/9/2016 07:34

Let's hope the city responds proportionally to these results as it did when a small wall fell down in a playground in Scotland!

[micos] 14/9/2016 07:32

Here's the link

[broadwood] 14/9/2016 07:28

I am delighted to announce excellent results for the year. We have achieved further progress on margins in Linden Homes, increased our mixed-tenure output in Partnerships and Regeneration, and continue to make progress in resolving older contracts in Construction, whilst building and delivering a reliable and high quality order book. We have reorganised management in all three businesses during the year, creating the right platform for future progress in both volume and margin. Reflecting the delivery of record results and our continuing confidence in the business, we are proposing an increase in our full year dividend of 21%.

[fizzypop] 14/9/2016 07:18

Excellent results across all KPIs. Divi up 21%.

[fizzypop] 09/9/2016 09:10

1200P ... results on Wed 14 Sep.

[anley] 27/8/2016 15:12

They are part of the BNY - see below - and someone on one of the dealing desks thinks that it is a good idea to short/hedge the UK national house builders. Enough said........

BNY Mellon Asset Management and a wholly owned subsidiary of The Bank of New York Mellon Corporation, one of the world's major financial services groups

[anley] 27/8/2016 15:07

In today's Times - Page 46 it mentions that Insight Investment Management has a 1.12% short in GFRD.

That is a big position in a share which is not usually traded in massive volumes. As the results - due next month are better than the management has forecast and provided the Stock Market is no subject to a doom and gloom period of trading it will be interesting to see what happens to the share price.

An interesting price movement month for all the house builders so keep an eye open as the City has got this wrong as it does with most trends........

[dr_smith] 24/8/2016 18:04

I bought some on behalf of my sister (so take low risk view) on 9/8/16 at 9.87.
It has made 16.5% in 15 days.
If I could compound that for 365 days I'd be chasing Bill Gates.

[puffintickler] 24/8/2016 17:28

I rather agree. 1800p was probably unsustainable but the Brexit impact has turned out to be overstated so a return to 1500+ should be achievable and 1400+ a small brainer (no investment is a no brainer).

I have rather tardily topped up my overweight position here because of the very good odds of a quick 20% gain.

[careful] 23/8/2016 16:08

Gfrd on a PE of 10, yield 6% after todays rise.
good results to come.

This could return to £15+ over the next few weeks.

[site manager] 23/8/2016 08:48

Strong results from Persimmon this morning, if Linden homes manages the same then £11 looks too low.

[anley] 22/8/2016 14:56

True but its the margins we all want to know about as that will drive the price past my £11 price.

[site manager] 19/8/2016 14:31

From what I can see GFRD Construction is doing very well.

[beaubleep] 19/8/2016 14:28

Persimmon next week

[jaf111] 19/8/2016 10:35

According to the Trading Update (12 July) results out 14 September

[anley] 19/8/2016 10:28

I believe that GFRD results are due next week and will be good enough to send the shares above £11...............house building will have done well but its the construction margins which the market waits for and that is my estimate and so we shall have to wait and see............

[fizzypop] 15/8/2016 08:59

Bovis strong results today and positive outlook should feed across to GFRD.