Galliford Try Share Discussion Threads

[garycook] 12/9/2018 07:54

12 Sep Galliford Try PLC Peel Hunt Buy 985.00 1,165.00

[garycook] 12/9/2018 07:35

Nice Final 49p dividend which is 22.5% above analysis predictions of 40p.Giving a 7.7% yield at a £10 share price Much to like in these results.Hopefully the market will be positive.

[ayl30] 12/9/2018 07:18

Agree, first skim looks good, let's see what the analysts make of it

[warranty] 12/9/2018 07:17

Well these results look great to me with both Linden and Construction booming ahead and with Government projects likely to be more agreeable in future, less risk of another Carillion hit. Given the twice covered final dividend of 49p as well, what is there not to like and looks like a good point to increase holding.

[marksp2011] 12/9/2018 07:09

49p final
Aberdeen finishes "late autumn" no further provisions

Generally look OK

A "strong" performance in construction converted £1.7 BILLION of revenue in to a £16M profit

Is it worth the effort and the risk I ask myself?

[sampsun] 11/9/2018 16:10

Today 15:54This will go two ways, either a nice bounce or like I watched on Barratt the price dived, I managed to buy in and made an awesome

[warranty] 11/9/2018 13:53

Expected a fall today so pleased to see it going back over £10 again. Good luck to all fellow holders for tomorrow, was tempted to add but not brave enough in this market.

[careful] 11/9/2018 12:29

Tomorrow is the day when we get a clearer picture after rights issue and CCLN shambles.
Hoping things will go o.k.

[fosse] 11/9/2018 12:19

Over £10 again.Let's hope it holds.

[marksp2011] 10/9/2018 16:51

NMD?
8%+ spread
22 trades last week

Really?

[qs99] 10/9/2018 15:11

will it break through this recent peak? Have topped up NMD instead as more to play for there IMO...DYOR

[floridamassive] 08/9/2018 11:34

What a smashing time to buy this share at a ridiculously low price, based on my calculations, GFRD’s INTRINSIC VALUE BASED ON FUTURE CASH FLOWS etc. is around £15. Results out on 12th Sept. looking forward to a tasty divi. Even at the lower end of the estimates GFRD is currently yielding around 7.5%. Smashing buy!

[dr_smith] 07/9/2018 17:02

On 2, leaseholds I believe it is now illegal if not required.
So new builds now and in future:
Houses freehold but flats on shared land obviously remain leasehold, hopefully with sensible rent and fees (present and future).

[marksp2011] 07/9/2018 16:16

We will see

i am pretty confident here

two issues that smell bad -

1. help to Buy price manipulation - i think the PSN bonus fiasco will bring this in to sharp focus.
2. Leaseholds

i hope to see something in the report that covers those.

[garycook] 07/9/2018 03:27

We will find out next Wednesday,and also given the price of the Final dividend.Expecting around a 40p Final divi,anymore will be a bonus.But seeing that the Interim was cut 12.5%,if that occurs with the Final then thats a 56p Final dividend.But dividend cover is now 2 ,so that would need profits of around £168M.Forecasts are for around £136M,but hopefully higher.

[dr_smith] 06/9/2018 17:30

Reminder: Wednesday 12/9/18 is Full year results.
Property sector negative sentiment seems to be ebbing, but what about Gov't work sector - infrastructure and the like???Dunno..??
Brexit is an unnecessary cloud and I have lost track of how gov spending is going for infrastructure side.

I assume GFRD will be picking up some of CLLN's busted contracts and hope the by-pass additional costs and CLLN fall-out are sorted, so have good hopes for the results outlook.
With skeletons dealt with, could well see a decent rise results day..but happy to wait longer as LTH for sentiment to return as deserved by EPS and div payout.

For fun, I will guess share price of 10.50+ for results day, but don't lynch me if I'm wrong. ;-)

IMO. :-)
Dave

[garycook] 04/9/2018 11:52

Galliford Try PLC (GFRD.L)

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SELL
974.5
BUY
976.5
-5.5pts (-0.56%)

High: 997.5

Low: 970.0
88% of client accounts are long on this market

[marksp2011] 28/8/2018 08:42

and still doesn't like it

[marksp2011] 23/8/2018 15:11

Doesn't seem to like £10 does it

[deb81e] 22/8/2018 09:55

Nice to see over £10

[careful] 22/8/2018 09:11

A steady recovery post rights.
recent trading statement was reassuring.
expect results out shortly will be ok.

[dr_smith] 15/8/2018 11:38

From what I have read to-date, I had impression GFRD were taking more hit from the Carillion fall out on the Aberdeen by-pass than the third partner Balfour Beatty.
BBY results today eases my concern, stating it to be equal liability.

Given the favourable outlook of BBY reflecting in a 2.24% share price increase today I am surprised GFRD don't have a peer read-across increase.

Dave

Sources:



"Given the strength of our balance sheet and the Board's confidence that the Group's full year earnings will meet expectations, we are raising the interim dividend by 33% and plan to repay the outstanding convertible bonds this year."


"As a result of Carillion's liquidation on 15 January 2018, the Group and its remaining joint venture partner on the AWPR project, Galliford Try plc, became jointly liable to deliver Carillion's remaining obligations on the contract in addition to each partner's existing 33% share. This has resulted in the Group now having a 50% interest in the AWPR contract. In the first six months of the year, Balfour Beatty recognised an additional GBP23 million loss on the AWPR project. A third of this charge (GBP8 million) has been recognised in non-underlying items as this reflects the additional loss that the Group has incurred in fulfilling Carillion's obligations on the contract. The loss incurred on Balfour Beatty's original 33% joint venture share (GBP15 million) is treated as part of the Group's underlying performance. The AWPR loss represents a net charge made up of cost increases on the project partially offset by recovery positions that the Group believe are highly probable to be agreed. The final financial outturn of this contract remains dependent upon the result of ongoing claims discussions. Based on completion in the autumn, the expected Balfour Beatty cash outflow on this project in 2018 is now forecast at GBP135 million, versus the previous range of GBP105 - GBP120 million. "

[denc] 08/8/2018 13:26

I am now a holder of these shares. Almost unbeatable returns for a solid company. Strong buy imho.

[speedsgh] 08/8/2018 13:01

Green light for £40m Galliford Try new town scheme in Devon -

[dr_smith] 06/8/2018 14:36

A flat FTSI day yet property co's circa 1% up and GFRD 1.6% up.
SP has been consistantly increasing for last month, and have gone through last weeks BOE rate rise. They have been over 10.00 since the rights issue and I am expecting a good rebound once summer lull gone, CLLN echoes dealt with and sector sentiment loses its un-deserved negative edge.
All IMO :-)

...oops GFRD gone down to 1.28% whilst typing...must type faster :-)