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GFRD Galliford Try Holdings Plc

248.00
4.00 (1.64%)
Last Updated: 08:23:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Galliford Try Holdings Plc LSE:GFRD London Ordinary Share GB00BKY40Q38 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.00 1.64% 248.00 244.50 248.50 248.00 248.00 248.00 8,885 08:23:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contr-single-family Home 1.39B 9.1M 0.0886 27.54 250.5M
Galliford Try Holdings Plc is listed in the Gen Contr-single-family Home sector of the London Stock Exchange with ticker GFRD. The last closing price for Galliford Try was 244p. Over the last year, Galliford Try shares have traded in a share price range of 166.00p to 275.00p.

Galliford Try currently has 102,665,051 shares in issue. The market capitalisation of Galliford Try is £250.50 million. Galliford Try has a price to earnings ratio (PE ratio) of 27.54.

Galliford Try Share Discussion Threads

Showing 5276 to 5299 of 7425 messages
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DateSubjectAuthorDiscuss
19/4/2018
05:59
110,964,818 in issue from the latest RNS

P/E means lots of things...... trailing earnings, forecast earnings, some people use underlying earnings. I always like the idea of "rising to" or "falling to".......forecasting PE for future years is a particularly meaningless number

marksp2011
19/4/2018
01:22
Harvester,This may make things a bit clearer for you.IMHO with around a forecast 7/8% dividend yield,and a possible 70% upside in growth.It is a no brainer for me,but we will see.You pay your money,and take your chances.Article from Motley Fool dated 04/04/2018.If you are looking for income,try 9% yielder Galliford Try (LSE: GFRD). Based on current City estimates, shares in Galliford support a dividend yield of 9.4% and trade at a forward P/E of 5.2. Unfortunately, the high yield comes with a degree of uncertainty.
Getting worse before it gets better

In February the company announced that it was cutting its interim dividend from 32p to 28p per share and issuing £150m worth of new shares to cover liabilities stemming from the collapse of outsourcer Carillion. As my Foolish colleague Roland Head pointed out at the time of the fundraising, due to the higher number of shares in issue, and management’s target to maintain dividend cover at two times adjusted earnings, this could mean Galliford’s annual distribution falls to 67p per share for 2018, giving a potential dividend yield of 8.2%.

While a full-year dividend cut is disappointing, a yield of 8.2% is nothing to be sniffed at. It is still more than double the FTSE 100 average. What’s more, according to my figures it won’t be long before the payout starts growing again.

After taking a step back in 2018, City analysts are expecting earnings per share to return to growth in 2019, hitting 162p. A 50% payout ratio implies a dividend of 81p per share based on this figure, giving a potential forward dividend yield of 9.8% on today’s share price of 818p.Adjusting the Dividend yield now at 888p.Gives a yield of 7.54% for a 67p annual dividend,and 9.1% for a forward 81p annual dividend,if you purchased today.Hope this helps your decision.Gary

garycook
18/4/2018
21:24
Copied from HGM thread.
Any comments or guidance here ???

Gary: re your post 11993:
I am also looking at GFRD but not yet committed.
Since you bought 20K , i.e. a fair bunch , you must have done a good bit of research on it .
I am having some difficulty getting a reliable picture of the GFRD fundamentals.
Different sites list different figures . That may be due to the share dilution due to the rights issue (1 in 3).
They planned to issue 27.74M new shares but maybe they issued some more due to excess subscription.
At the moment 110.96m shares are listed with voting rights . Up to date ??
Anyhow, ADVFN lists a PE of 6.08 which is the figure quoted by you.
The LSE London Southeast site are listing a PE of 16.68, quite some difference .
GFRD in their H1 HY report quoted net debts of 85million. This differs grossly from the ADVFN figure of 1.32B(if I read this correctly) .
ADVFN quote a divi of 96p/year which at todays close gives a yield of 10.8% .GFRD moved up today in late day trading.
I wish I had correct figures for the fundamentals to plan an investment in GFRD .

harvester
16/4/2018
14:03
I make it we are circa 3.8% up from start of rights issue re-shuffle:
3 shares cob 27/3/18 @ 9.48 = £28.44
3+1 (new) shares @ say £8.80 = £35.20 less £5.58 for 1 * rights = £29.52

CRLN issue aside, rights issue can devalue sp, so I am pleased we have come up on the plus side short term and naturally have high hopes for medium to long term. :-)

dr_smith
16/4/2018
13:47
Rump placed at 860p. That's worse than I expected. Lapsed rights holders will only get 292p (less perhaps a fraction for costs). It's still better than 75% of the nil paid trades that were flagged as 'sells', but poor IMO. Often lapsed rights do better than that.

So if you took up your rights, you might consider it's cost you 860p per right.

typo56
16/4/2018
13:28
And merged at Interactive Investor
pj fozzie
16/4/2018
12:26
My shares have been merged in AJ BEll
lancasterbomber
16/4/2018
12:23
Thanks Typo - its a lot clearer now. Will wait for the price to come out.
martin5760
16/4/2018
12:00
That's per lasped right.

i.e. per three GFRD shares held when they went ex-rights.

That 304p was only an example. It depends on the rump placement price. I'm a bit surprised there hasn't been an RNS yet.

typo56
16/4/2018
11:44
The price quoted for lapsed rights above of perhaps 304p. Is that for each share held or per 3 shares held. If I had 300 shares would I receive £912 pounds or £304.
martin5760
16/4/2018
11:26
I thought it was pre-ordained and submitted to stock exchange, as per planned timetable of events.
Now showing as 1 holding (old/new merged) at Youinvest.

dr_smith
16/4/2018
10:31
Youinvest wont act until they get an instruction from the company/broker to do so
marksp2011
16/4/2018
09:02
On my Youinvest a/c the new shares have not yet been merged and shown at lower price of £8.25 (original issue 8.85). Possibly they have a 1 day data delay, but not what I expected.
Yes, rights not fully taken up but from shareholder perspective, I believe that doesn't matter too much as it is, I believe, "underwritten" so if underwritten the lower share price makes no sense?
I note my link gor rights price that was on
is now page not found, so guess Youinvest are showing a historic derived price, pending update to their data re merger.
I'll check again later/tomorrow.

dr_smith
16/4/2018
07:16
The underwriters are very unlikely to be landed with the stock. The rump will get placed (probably this morning) and the proceeds distributed to the holders of the lapsed rights. e.g. If the rump gets placed at 872p, lapsed rights will receive almost 304p.
typo56
16/4/2018
06:40
92% take up not bad
Leave about 3% of the share capital with the underwriters which they hold at a profit

marksp2011
13/4/2018
19:56
Should open at 883/4. that is the price of the current FP shares
marksp2011
13/4/2018
19:42
It is just another subbie not paying their staff. It is all too common in that industry
marksp2011
13/4/2018
19:08
padooki. Other things equal I would expect the fp rights shares to be the same as original fully paid shares, so open price is implicitly same as close as you suggest..or tweaked as per usual by MM's/brokers to reflect any weekend news.
In other words, from Monday, the rights issue plus option paid price shares become one and same as original shares, ranking on register parri passu/equal with existing shares...IMO :-)

dr_smith
13/4/2018
17:55
Hi all. Can someone tell me what the opening price will be Monday 8am before trading commences, given that we closed today at 885.5p and the right's issue shares closed today at a price of 306p. I would appreciate if you can tell me how you worked it out. My understanding is that the nil paid shares bought by shareholders for 568p will become fully paid on Monday and will trade as normal. Thanks all!
padooki
13/4/2018
15:01
That article (if read carefully) implies that it is the subcontractor itself (Rossmore) which may be the cause of the dispute with its own workers, rather than BBY or GFRD. The article quotes a spokesperson for the CJV that Rossmore has been paid
grahamburn
13/4/2018
11:04
I can only second guess that employers are milking the time period normally allowed between work done/signed off and payment due date.
Sub contractors have likely already been shafted by CRLN and having been caught out once ain't going to stick their neck out for later employers, having learnt their lesson.
The work must be hard, physically and weather compounding. Not being paid timely, if that is the case, must be sickening for them, not the way to treat hard working people.
I say this as LTH in GFRD.
All gueswork and IMO.

dr_smith
13/4/2018
10:13
Aberdeen bypass workers 'down tools' over pay dispute - HTTPS://www.constructionnews.co.uk/companies/contractors/balfour-beatty/aberdeen-bypass-workers-down-tools-over-pay-dispute/10030012.article
speedsgh
12/4/2018
19:22
Splitting a company with a market cap of 770m into three creates three toddlers.
Not the way to go.
Construction may have been weak of late but things can change quickly.

Diversification is sensible...remember Marconi, became focussed on the hot sector telecommunications and sold out of several steady diversified sectors.
Disaster, todays hot sometimes becomes tomorrows cold.

careful
12/4/2018
14:31
I live in hopes they have the brains to split the Company in three construction / house building / regeneration - I like to imagine thats one of the reason Blackrock invested.
mark1000
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