Galliford Try Share Discussion Threads

[speedsgh] 18/8/2017 10:24

Help to Buy has put homes further out of reach for many -

Help to Buy has inflated prices, failed to deliver new homes where they are most needed and could push buyers into negative equity if the housing market slumps.

These are the findings of a six-month study into the scheme by Stockdale Securities analyst and Property Week columnist Alastair Stewart.

Stewart’s analysis, which comes hot on the heels of Property Week’s revelation that the government is reviewing the policy and has appointed the London School of Economics to conduct an evaluation, suggests the scheme provides few of the intended benefits and has put housing even further out of the reach of many.

Stewart adds that the Help to Buy scheme, which offers a government loan for 20% of the price of a new-build home (40% in London), has fuelled the sharp growth in housebuilders’ share prices in recent years.

They have become increasingly dependent on the scheme, he notes, citing the fact that more than 50% of sales at Persimmon, the UK’s largest housebuilder, are via the scheme, and that the figure is above 40% at Galliford Try, Redrow and Taylor Wimpey.

“Any early curtailment of Help to Buy, amid a radically different housing agenda by this government, could hit leading housebuilders,” he warns.

This was underlined by the slump in housebuilder share prices on news of the review a fortnight ago. Although the government sought to assuage concerns by denying it would end the scheme early, Stewart has his doubts about the future of the policy...

[philanderer] 09/8/2017 09:09

Questor tip...

[speedsgh] 03/8/2017 10:22

Galliford Try lands £38m Manchester Airport job -

Galliford Try has been awarded a £38m deal by the Manchester Airports Group (MAG).

Works will form part of the £1bn Manchester Airport Transformation Project and centre around the extension of the airfield’s west apron.

Galliford Try will be working on construction of new taxiways and aircraft stands around piers and terminal buildings along with associated stand reconfigurations, ground lighting, drainage, communications networks, security fencing and aircraft control systems...

[scanjet17] 01/8/2017 11:41

Let's hope they remember to load the wall ties on the wagon this time.

[speedsgh] 01/8/2017 08:29

Nine win £800m Scottish schools deal - The Scottish Procurement Alliance has named the new line up of firms for its £800m framework covering schools and other public building projects.Kier and Morgan Sindall have renewed their places on the panel for major projects in Scotland worth over £10m.Newcomers Robertson Construction and McLaughlin & Harvey will replace previous framework winners Galliford Try and Farrans on the major projects element.Galliford Try has been named as one of four preferred firms for projects worth £4m-£10m...

[speedsgh] 20/7/2017 09:35

Liberum backs Galliford Try’s growth plans -

Housebuilder Galliford Try (GFRD) could soon be seeing a host of changes, as its new management team looks set to implement a growth plan that could add 60% to profits before tax by 2021.

Liberum analyst Charlie Campbell initiated coverage of the stock with a ‘buy’ rating and £14.60 target price. The shares jumped 4.5% to £13.27 on the news.

He said the plans were credible as ‘the new management team has a good track record and pedigree.’ He added that while the group did have some debt, it was ‘unconcerning’ given the level of interest cover.

Campbell said the shares had overreacted to bad news across the construction sector, making the valuation compelling for those looking to buy.

[speedsgh] 19/7/2017 09:26

Pentland Estate Management (owned by Linden Homes, a subsidiary of Galliford Try) has been sold to rival firm FirstPort...

Leicester property management firm sold to rival -

Leicester-based property management company Pentland Estate Management has been sold to rival firm FirstPort.

Pentland is owned by Linden Homes, a subsidiary of Galliford Try and has around 12,000 customers in the UK. The firm was established in 1995 and was bought by Galliford Try a decade later.

FirstPort chief executive, Nigel Howell said: “FirstPort is already the largest residential property services manager in the UK, but complacency is not in our DNA – we are 100% committed to reaching our goal of becoming the UK’s leading residential property manager ‘as judged by others’.

“We have innovative systems and processes in place to achieve this and are progressing well with our employees more engaged than ever and increasingly positive customer feedback being received. As our service and reputation improves, our retention rate strengthens and is currently standing at 97% and despite a stagnant housing market and uncertain economic and political environment, we are seeing record growth as more clients appoint us.

“So it is exciting times and as part of our growth strategy, we are delighted to be bringing Pentland into the mix and welcoming their 12,000 customers to our business. Our mission is to make life easier for our customers: providing a local, trusted and responsive service for residents that delivers not just bricks and mortar – but a place they love to call home. We are looking forward to ensuring both colleagues and customers are able to enjoy the benefits that working for a company with our scale and scope can bring and ensuring we provide the best possible property management service to even more people across the country”

Tom Nicholson, divisional chairman at Linden Homes, added: “Linden Homes and Pentland Estate Management have always been committed to delivering a level of service to our customers that we can be proud of. We were determined to ensure that any acquiring party would share these core values. We are therefore delighted that Pentland Estate Management has been acquired by FirstPort and their commitment to continue to provide excellent service to our customers.”

[cwa1] 19/7/2017 08:37

Liberum Capital has initiated coverage of Galliford Try with a Buy rating, price target 1460.00p

[speedsgh] 12/7/2017 10:57

Galliford Try awarded £60m army barracks revamp -

Galliford Try has picked up a £60m contract from the Defence Infrastructure Organisation (DIO), for construction works at Catterick Garrison in North Yorkshire.

The refurbishment scheme of Marne and Bourlon Barracks, including the listed Sandhurst block at the Garrison is taking place under the Army Basing Programme, which is charged with providing facilities to the British Army as its German-based forces return to the UK.

The redevelopment programme will include the new Officers’ and Junior Ranks’ single living accommodation, a Senior Non Commissioned Officers’ mess, armoury, squadron offices, Quartermaster department and a multi-use games area.

The contract was awarded through the DIO’s Next Generation Estates framework, which also awarded a joint venture between Galliford Try and Lagan Construction the £135m redevelopment of RAF Marham.

Keith Yarham, defence director for Galliford Try, said: “The defence sector has been identified as a key area of growth for our business and this prestigious contract to rebuild these historic barracks at Catterick is another huge step forward in meeting our strategic goals.”

[fizzypop] 12/7/2017 08:05

WheelieDealer‏ @wheeliedealer 9h9 hours ago

GFRD after today's jump forecast to pay 7.9% divvy next year - seems likely this will attract more eager Buyers in coming Days....
0 replies . 2 retweets 4 likes

[randomwalker] 11/7/2017 17:05

Will hang on to these.
As has been said a decent divi......and with Carillion headed down the tubes Galliford's should pick up some extra business.

[fizzypop] 11/7/2017 12:11

Thanks speedsgh.

[speedsgh] 11/7/2017 11:58

Digital Look have 94.70p consensus forecast for current FY which would make 62.70p final payment.

[fizzypop] 11/7/2017 08:36

What was the guidance on the final divi. I have 68p pencilled in making 100p for the full year. I note divi cover is being increased from 1.7 to 2.

[shanklin] 11/7/2017 07:34

Interesting, given post 3905 above, that there is no commentary on the cladding front. Despite all the necessary approvals having been achieved, putting flammable panels on the outside of buildings is not going to help a company's reputation.

Otherwise, GFRD looks rather cheap based on this update. All IMHO. No position here currently.

[ayl30] 11/7/2017 07:19

Guiding to top end of expectations, music to ones ears

[spoole5] 11/7/2017 07:15

Decent update, no new provisions. Feared the worst after carillon yesterday.

[lord gnome] 11/7/2017 07:14

Just what I wanted to read. Only time for a quick skim, but all looks to be fine. Should be a bright blue day for us.

[stevenrevell] 10/7/2017 17:26

Hope it's not like clln results

[ali47fish] 10/7/2017 10:07

anybbody has a cue wht kind of update we might get tomorrow given the problems highlighted in the last one?

[spudders] 08/7/2017 09:43

Trading Announcement this coming Tuesday.

[speedsgh] 29/6/2017 11:10

Brunel Street Works' 975 homes plan given council approval -

Proposals for Brunel Street Works, a new mixed-use quarter for a GLA-owned site in Canning Town, have received Resolution to Grant from the London Borough of Newham.

The project, developed by Opal, a joint venture partnership between Thames Valley Housing, Galliford Try and Fizzy Living, will deliver 975 homes and a range of mixed uses for Canning Town.

Before building work can begin it needs the approval of the London mayor, Sadiq Khan

Trevor Dempsey, regional managing director at Linden Homes Eastern, said: “Galliford Try is very pleased that, through our joint venture between Linden Homes and Thames Valley Housing, our plans for Brunel Street Works on Silvertown Way have been approved.”

“Now that the application has received resolution to grant detailed planning consent, works can get underway for the planned 975 homes. The joint venture has appointed Galliford Try Partnerships to build this mixed-use scheme and we look forward to seeing the works progress and a new, regenerated community in time to come.”...

[speedsgh] 29/6/2017 11:07

Galliford and Carter share £150m house-building framework -

House-builder Aster Group has appointed Galliford Try Partnerships and Gloucester-based EG Carter & Co to a new partnering arrangement worth £150m.

The contractors are each in line to build up to 500 homes a year for the next five years across the south of England.

The contract forms part of Aster’s wider plans to invest £1.5bn in new homes between now and 2024, including a planned 1,100 properties during 2017/18.

Aster assistant development director Tony Clifford said: “We are increasing the number of homes we build every year and our footprint continues to expand across the south of England. We have recognised that by working closely with the right number of contractors who share our vision we can build strong long-term partnerships that will support Aster in delivering more land-led opportunities over the coming years.

“These partnerships complement the delivery of our section 106 developments and support our vision that everyone deserves a home.”

The partnering contract is for an initial five-year period.

Marc Thompson, head of strategy and projects at Galliford Try Partnerships, said: “Galliford Try Partnerships has ambitious plans for growth throughout the south of England and strategic partnerships with like-minded organisations such as Aster are key to delivering our goals. We look forward to working with Aster over the coming years to help them realise their ambitions and increase the supply of housing for local communities.”...

[speedsgh] 23/6/2017 09:08

...People living in the two-year-old Rivers Apartments in Tottenham, North London, have been told by Newlon Housing Trust that their building is wrapped in the same lethal material as Grenfell.

In emails seen by the Daily Mirror, Newlon told residents that builder Galliford Try had revealed it used a flammable brand of panel, rather than the fire resistant kind. Newlon’s Housing Services director Bill Henderson apparently told one resident: “This should not have been used in a building like Rivers.” The trust told residents it is “very likely, almost certain” the panels will be replaced...

...A Galliford Try spokesman said last night: “At completion, Rivers Apartments received all the appropriate statutory approvals required under the contract including building regulations and building warranty.

“The build includes a range of fire prevention measures including sprinklers in all flats, smoke ventilator shafts, fire lobbies, a fire-fighting lift and secured exit routes.

“We are working closely with Newlon Housing Trust to review the technical aspects of the cladding used on the scheme while keeping the trust and its residents fully informed.”...