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GFRD Galliford Try Holdings Plc

242.00
-2.00 (-0.82%)
Last Updated: 12:07:00
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
  -2.00 -0.82% 242.00 239.50 242.00 248.00 241.50 248.00 60,011 12:07:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contr-single-family Home 1.39B 9.1M 0.0886 27.31 248.45M
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 £248.45 million. Galliford Try has a price to earnings ratio (PE ratio) of 27.31.

Galliford Try Share Discussion Threads

Showing 5376 to 5400 of 7425 messages
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DateSubjectAuthorDiscuss
17/7/2018
06:20
seems good trading
cascudi
17/7/2018
06:09
Rns reads well methinks
ayl30
17/7/2018
06:09
TUESDAY 17 JULY 2018

Galliford Try plc, the housebuilding, regeneration and construction group, today provides the following update on trading for the year ended 30 June 2018. All figures are as at 30 June 2018, unless otherwise stated, and all comparatives relate to the prior year equivalent period. The Group expects to announce its results for the full year on 12 September 2018.

Peter Truscott, Chief Executive, commented:

Galliford Try has achieved a strong underlying performance in the financial year and continues to make good progress against its growth plans to 2021 across all three businesses.

Linden Homes has delivered sales growth in line with expectations and at a further significantly improved operating margin, and enters the new financial year with sales exchanged and reserved of GBP366m.

Partnerships & Regeneration continues to make excellent progress against the stretching growth and margin targets set for the business, significantly increasing revenue and profit. The business has a strong order book, benefiting from growing demand and opportunities in both contracting and mixed tenure.

Construction's underlying performance is good with current and new projects expected to deliver improved margins, operating on multiple secured frameworks and in our chosen sectors.

The Aberdeen Western Peripheral Route joint venture continues to make progress on site, with sections of the road already opened to traffic, and substantial completion expected to be achieved this summer. We continue to anticipate a further exceptional charge in the second half, in line with previous guidance (ie expected to be lower than the charge of GBP25m taken in the first half), and the final out-turn remains dependent upon the result of several significant claims.

The Group expects to report strong pre-exceptional full year results, in line with previous guidance, and net cash at 30 June 2018 of GBP97m (2017: GBP7.2m), with average net debt for the year below previous guidance at GBP227m (excluding the benefit of the rights issue receipt of GBP150m net). The outlook for the current financial year remains in line with management's expectations.

Linden Homes

-- The business expects to report strong overall performance and further significant improvement in margin representing very good progress against our strategic objectives.

-- 3,442 unit completions, including units in joint ventures (2017: 3,296 units).

-- Sales rate for the year was 0.59 units per site per week from 85 average outlets (2017: 0.62 and 77).

-- GBP366m year-end sales carried forward position representing 2,326 units (2017: GBP373m and 2,229 units).

-- GBP367,000 average private sales price, up 4% (2017: GBP354,000).

-- 11,400 plot landbank (2017: 10,650) with all plots secured for the new financial year and 81% of plots secured for FY 2020.

Partnerships & Regeneration

-- Impressive performance continues, with significant growth in both revenue and profit, against a backdrop of increasing demand and opportunities.

-- GBP1.2bn contracting order book (2017: GBP1.05bn) and mixed tenure sales carried forward of GBP160m (2017: GBP77m).

-- 3,300 plot landbank, up 22% (2017: 2,700).

Construction

-- Improved underlying performance. Net debt position expected to be lower than GBP30m (2017: net cash of GBP137m); the deterioration since the prior year principally reflects the burden of the AWPR joint venture.

-- GBP3.3bn risk managed high quality order book (2017: GBP3.5bn) with 86% in the public and regulated sectors.

-- 87% of revenue for the new financial year secured (2017: 84%).

fizzypop
16/7/2018
15:25
With builders 0 - 1.2% down and GFRD 0.79% up from 2pm on I wonder if someone has had peepsy down da booza at tomorrows TA.

Report by rightmove today that there is a surge in sellers in house market, causing the longer sell periods.
Not sure what to make of that, as for most sellers you have a buyer, except for:
Sellers emigrating or retiring (to managed homes)
Above is offset by first time buyers.
If population is expanding then, would expect the aggregate of above to still be positive.
The only other things I can think of are
1) the shift from owning to renting, but that implicitly means more BTR folks.. though I gather that is less lucrative now, tax-wise, atleast for the small time folks with 1+ spare houses, compared to insurance co's commissioning block of flats to rent (TEF new niche).

2) Perhaps wealthier students selling their own uni homes to move back with Mum and Dad for summer break pending re-location for new career.

dr_smith
16/7/2018
11:12
Think the words "completely dived" is a little over the top. A "lower rate of growth" would be more appropriate, whilst "a slight fall" in London is acceptable.

Galliford has virtually nil exposure to London residential and it tends to concentrate on the low to mid price range elsewhere so the housebuilding side should not be too adversely affected.

The key information this time round will be how the infrastructure side is performing and whether it has finally put its legacy problems behind it.

grahamburn
16/7/2018
09:08
Will be interesting to know how much of Gallifords business is reliant on house sales as the market has completely dived in most parts of the county?!
House prices down and properties taking longer to sell.

superslickrick10
16/7/2018
06:51
Put option They tend to be professional rather than PIs
marksp2011
15/7/2018
20:39
how can you sell a stock like galliford using options? Which brokers would offer options on UK stocks?
sum493
15/7/2018
08:31
Warranty

There were only 600k traded (visible)
It moves around a lot because it is easy to move around

Take short via CFD/warrants/options
Sell in Cash market
Close shorts at a profit
Buy back in cash market

and repeat......... If you swing it around too much other players join in and the manipulation gets harder so push it down one day push it back the next

I tend to watch GFRD and KIE as a pair - sector trends tend to move both in proportion

marksp2011
14/7/2018
08:52
Can anyone explain any potential reasons for the big drop yesterday? I know there's a Trading Update coming next Tuesday but I can't see any particular worries in that and I'm not aware of any particular issues affecting the sector that aren't known, plus Barrett's situation was extremely positive. I'd love to add at this level but that big a drop is unnerving.
warranty
14/7/2018
06:10
Axium flats add £43m to Galliford Try’s Birmingham building work -
speedsgh
13/7/2018
16:09
Cascudi are you in on this yet.

Regards
Ken.

ken tennis
13/7/2018
16:08
Thats me in I picked a few up today on the drop to start the ball rolling,
it may not be the bottom but we have to start somewhere.

Cascudi thanks for the tip.

All the best
Ken.

ken tennis
13/7/2018
14:53
It seems a replication of 2016 July chart.
cascudi
13/7/2018
12:28
2 days before a trading update & it jumps 20p, then drops 40p.... hmm something smells fishy to me. Think I'll hold & topup
thorpyuk
12/7/2018
16:10
You may find that useful.........
marksp2011
12/7/2018
09:33
Speedsgh - amazing how you find these stories outside mainstream media. Thank-you.
Tis a shame the content is on Law of Sod!
I won't shoot the messenger, but will request you seek good news stories.
Maybe GFRD complete RSPCA instalation early, saving the lives of thousand of kittens.
OK I made it up..but don't blame me for trying to maintain optimism in a market of low sentiment :-)

dr_smith
12/7/2018
09:16
New state-of-the-art £21m police station hit by flooding -

Flooding at a new state-of-the-art £21.5m police station could delay its handover to cops.

North Wales Police’s new station and custody suite in Llay, Wrexham , was originally expected to be handed over by contractors Galliford Try in June of this year.

The impact of the flood, which impacted two floors, is now being assessed by the contractors.

The eco-friendly police HQ off Davey Lane, Llay, boasts 32 cells to detain people arrested in Wrexham and Flintshire and can house 248 officers and staff.

Police and Crime Commissioner Arfon Jones maintained the new facility’s opening will “not necessarily” be delayed.

Mr Jones, a former police officer, said: “I am aware that there has been a flooding incident at the site and that the impact is being assessed by the contractors, Galliford Try.

“The new building has not yet been handed over to North Wales Police and the cost of any necessary remedial work will be the responsibility of the contractors and will not mean any additional expense as far as taxpayers are concerned.

“The issue may delay the handover of the site to the force but will not necessarily delay the opening of the building in October.”...

speedsgh
10/7/2018
17:21
I have been watching this company for a while now and have been reading all the interesting posts and comments coming through on this board.
I do believe now is my time to get a few of these in the pot to make up part of my portfolio.
They have quite an impressive dividend history so I will be in for the
Long term to collect the divi even if it gets cut I doubt it will go below a 5% payout which is a good return.
Good luck to all holders and keep the good info coming in.
All the best.
Ken

ken tennis
10/7/2018
15:46
Increase in volume. Good sign?
hjrose
09/7/2018
09:16
Government outsourcing approach flawed, say MPs


Last para for lazy:
""The government is committed to ensuring a healthy and diverse marketplace of companies bidding for government contracts, and we have recently announced a wide package of new measures to further improve how we work with our vendors," he added."

This has to be good for post CRLN survivors such as GFRD that the bids are more than a throat cutting exercise, and I would hope that bidders such as GFRD aren't expected/co-erced/strong armed into accepting unreasonable terms where co's are co-guarantors for each other.

With comments like:
"A Cabinet Office spokesman said the government would respond formally to the report in "due course"."
it sounds like it won't be any time soon.
Also, If there is a gov't level directive on quality deliverables and reasonableness in expecttaions from bidders, I don't know how many layers of management there are down to those who actually do the bidding on the part of gov't and I am guessing any gov directive may well be watered down by local policies/objectives.

IMO :-)

dr_smith
08/7/2018
09:57
HJROSE,Agree with you.The final dividend will be covered 2x.So if 140m,then the total dividend will be 70p,and a 42p final.
garycook
08/7/2018
09:48
I predict a 40p final dividend making this friendless stock yielding approx 8%
Hopefully the update will allow those close to the company to buy shares

hjrose
07/7/2018
22:46
The PSN announcement was Ok but pointed to a trading decline in the underlying business you will recall tw2 was cutting the land bank to free cash. Implied steady state going forward
marksp2011
06/7/2018
15:23
This has had a miserable run ex rights.
We need a reassuring update.
No buyers at the moment.

careful
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