Galliford Try Share Discussion Threads

[randomwalker] 28/9/2017 20:09

Might just be a realisation that it is cheap and 64p of divi coming next month

[spudders] 28/9/2017 17:13

Interesting late spike ???

[deb81e] 22/9/2017 16:31

Why is this falling???

[lord gnome] 21/9/2017 19:01

What an ugly building it is as well, speedsgh. It dwarfs its neighbour, the beautiful, classical Baskerville House.

[speedsgh] 21/9/2017 12:09

Galliford Try to fit-out HSBC Birmingham HQ -

Galliford Try has been appointed to fit-out the new HSBC UK headquarters it built at Centenary Square in Birmingham.

The Enquirer understands the fit-out deal is worth more than £20m.

Galliford Try was main contractor in charge of the £66m build for the 220,000 sqft office block on behalf of developers Arena Central Development Ltd.

Galliford Try will now complete the Category B fit-out of the building including provision of power and data systems and furnishings.

In addition, teaching spaces including auditoriums are being created on levels one and two of the building. The offices are expected to eventually accommodate over 2,000 staff...

[speedsgh] 21/9/2017 12:06

Tom Nicholson (Linden Homes Divisional Chairman, East/PDMR) sells £131k worth of shares...

Director/PDMR Shareholding -

[speedsgh] 15/9/2017 10:33

Numis lukewarm over Galliford Try’s results -

Housebuilder Galliford Try (GFRD) may have reported in-line full-year results but Numis has downgraded its forecasts on some of the ‘disappointing’ figures.

Analyst Christen Hjorth retained his ‘add’ recommendation and target price of £14.85 on the stock after Galliford reported full-year profit before tax of £59 million, in line with its July trading update.

‘However, looking forward, driven by a relatively disappointing average outlet number, we move our full-year 2018 earnings per share forecasts down 3%, although note that our 2019 profit and loss estimates remain broadly unchanged,’ he said.

He added that the shares were now trading 17% above post profit warning lows on a price to net asset value ratio of 2.3 times, versus 1.8 times for the peer group.

The shares edged 5p higher to £13.45 yesterday.

[kevph] 13/9/2017 16:12

Tree shaking scum - hope no one got taken out on this. Good luck all.

[speedsgh] 13/9/2017 14:23

The Construction division is clearly the wart at present. It made a pre-exceptional loss from operations of £0.9m (2016: profit £15.8m). So, even prior to taking account of the provision for the 2 legacy contracts, the Construction division had an operating margin of -0.0% (2016: +1.1% which was boosted by the sale of their site accommodation portfolio to a third party equipment hirer) & lost money. Adding in the exceptional, the operating loss amounted to £88.8m. They are aiming to grow operating margin to 2.0% by 2021.

Of the two legacy contracts, one is largely practically complete whilst the other is expected to conclude in mid 2018.

"In May, we announced a one-off charge of £98.3 million, following a thorough reappraisal of the costs to complete and expected recoveries on legacy contracts. There has been no material movement in this position and we have taken a proactive approach towards managing these legacy contracts through to completion, with significant involvement of the executive team. We have made good progress in resolving legacy projects during the period, and pleasingly no further contracts have been added to that list. Most of these contracts are now complete on site, with continuing uncertainties relating to final settlements and claim recoveries. Of the two large infrastructure joint ventures which gave rise to the exceptional item, one is largely practically complete, whilst the other is expected to conclude in mid 2018. We have reasonable confidence around the cost position on these projects, but inevitable intrinsic uncertainty around amounts to be recovered from some significant claims."

[speedsgh] 13/9/2017 14:09

Galliford Try over the worst -

[careful] 13/9/2017 13:46

big turnaround in the wrong direction today.
any theories?

[kevph] 13/9/2017 13:32

I'm overweight already on this, but agree. What do you think they are hiding in ' inevitable intrinsic uncertainty around amounts to be recovered from some significant claims?'

[deb81e] 13/9/2017 12:29

Just added @ 13.33, with a 6.4% div

[fizzypop] 13/9/2017 08:29

Wow look at that chart. Up 3%.

[careful] 13/9/2017 08:28

results well received.
a great little company .

[deb81e] 13/9/2017 07:20

Good results

[fizzypop] 13/9/2017 07:15

Divi up 17%

Hence the directors are recommending a final dividend of 64.0 pence per share which, subject to approval at the AGM, will be paid on 22 November 2017 to shareholders on the register at 27 October 2017. Together with the interim dividend of 32.0 pence per share paid in April, this will result in a total dividend for 2017 of 96.0 pence per share, an increase of 17% on the previous year.

[speedsgh] 08/9/2017 11:24

Galliford Try bags £120m London build-to-rent job - Legal & General has awarded regeneration specialist, Galliford Try Partnerships a £120m contract to deliver a 440-home private rental scheme in North London...

[speedsgh] 07/9/2017 08:54

Appointments made to new contractors’ framework worth over £630m -

One of the largest housing associations in the south of England and member of the G15, Southern Housing Group, is launching its first contractors’ framework to manage key construction contractor relationships, worth over £630m over the next four years

In a move designed to provide a stable platform to support the delivery of over 450 new homes every year until 2025, the Group has developed a comprehensive contractors’ framework and appointed 13 leading contractors. The contractors, which include Galliford Try Partnerships Ltd and Mullaley & Company, underwent a rigorous selection process which included considering how partners on the framework would contribute to delivering the Group’s social objectives and ensuring positive outcomes for the Group’s customers.

[fizzypop] 06/9/2017 19:47

deb
Seen forecast of 62.7p but am hoping for 68p. We will know on the 13 Sep.

[deb81e] 01/9/2017 13:40

Any guestimates on final div payment ?

[speedsgh] 31/8/2017 07:28

Galliford Try infrastructure MD to exit -

[harrisdodd] 25/8/2017 10:23

Rn no we are