Galliford Try Share Discussion Threads

[qs99] 06/11/2018 10:21

Hope a few on here switched some funds into NMD a while back! New high today and tightly held....DYOR

[dr_smith] 06/11/2018 09:58

Thank-you Mark. Surprising. Can't really fathom though, sounds odd, but have no detailed insight. If it's a political play-off, it's a dangerous game and given troubles to-date the last thing GFRD or anyone needs.

I was right then!!!
I know naaathing. ;-)

[marksp2011] 06/11/2018 09:04

Dr
Other way around. Scots want to open everything except the bridge. Consortium wont let them so probably a negotiating play to get the bridge accepted

[dr_smith] 05/11/2018 17:41

I can only guess there is a snag list to sign off and principal won't open bypass until snags done - maybe principal gets penalty payments that way. Maybe GFRD don't agree with snag list, so can't comment on what they can't quantify.

In the words of Manuel (Fawlty Towers) I know naaaathing.
Not about GFRD delays.
Have shares in RPC too, under takeover discussions for many weeks with zero news and have shares in IQE with zero news ostensibly due to NDA's.

There is nothing like being an informed investor....and I am nothing like an informed investor. ;-)

[marksp2011] 05/11/2018 17:12

DR

You would have thought that as the Scots have announced the deadline won't be met that GFRD might have bothered saying something but it seems not.

must be time to grant some more options !!

[micos] 05/11/2018 16:08

Paying 49p if passed at AGM. Who would vote against it?

[deb81e] 05/11/2018 16:06

Snap 😁

[deb81e] 05/11/2018 16:05

Also ex div on Thurday 8th (49p) payable on the 5th Dec

[micos] 05/11/2018 16:04

And they go XD on Thursday.

[dr_smith] 05/11/2018 10:07

Just spotted on LSE diary, GFRD have AGM on Friday.
Not typically a day for anouncements, but I reckon there is no way they can't.
So..my guess is an update on by-pass Friday morning or sooner.

[marksp2011] 03/11/2018 15:56

I have just put in a ridiculous price for a Govt Contract. Forced to put something in as it was offered on a framework and I am obliged to bid but they had added additional terms that transferred all the risk and gave 30 days to submit a binding price when the due diligence would likely take 90.

Looks like HMG procurement practices remain as forward thinking as ever.

Re GFRD

It does look like everything is done except this bridge and the Scots are very keen to open the remaining road but the JV are refusing to release it. I guess this is part of the negotiation for additional payments and claims

[dr_smith] 03/11/2018 12:45

Thank-you for your posts Mark.
All a bit depressing.
They have stated that new projects will be better selected/contracted.
I hope that is so, keen to put this one to bed, and expect other big contractors to be similarly wary, so big principals/gov can't take advantage as they have done to-date.
I think they all realise that, including MP's, it's just a matter of applying it in practice.

[marksp2011] 03/11/2018 09:29

Oh Dear
Further digging



It looks like it is no longer "late autumn" and there is no immediate view on when it will be ready.

very hard to see what impact this has on GFRD as the issues seem to still be around the River Don bridge that belongs to Balfour Beatty.

[marksp2011] 03/11/2018 09:16

Doctor

the best PMs cant recover something that has been fundamentally miss-priced. Aberdeen was priced wrongly without sufficient risk contingency. Roads of those lengths are bound to find bad ground somewhere, the weather can be a complete killer (literally), I have been up there when the weather is "bad" and you would have been better off with a dog sled than a vehicle for weeks and, labour isn't easy to get.

In my trade it would have been a straight "no bid" or bid at a price that noone is going to accept. You a complete slave to the weather - too many unknown unknowns I would never get it through risk management.

We are now in to Novemeber and it still hasn't been "handed over"

hxxps://awprgonortheast.co.uk/your-journey/section-openings/

Doesn't look good - suggests only half is open with half due to open "late autumn" 2018

[dr_smith] 02/11/2018 19:54

All Women Professional Rowing?
Yes yes Aberdeen by-pass - I should know, but it's been a long day.
You are likely right Deb, astute spot, though that doesn't explain today, unless there were follow on rumours re consequences, late penalties etc.
I believed they blamed a bad winter before (aside from unmentionable), well round these parts (Dorset) it's been relatively rain free for yonks, so must say it is poor, maybe leaves or wrong type of mud (I used to commute on train so familiar with a range of excuses).
I steel feel it is poor project management. Big projects need to be broken down, this works for client and constructor in managing expectations of each other with less risk, if and when they go wrong.

[deb81e] 02/11/2018 17:28

I think yesterday afternoons drop and today's is due to the delayed opening of the AWPR

[dr_smith] 02/11/2018 17:21

It was up over 2% at 908 earlier, like other builders then finishing .28% down - deescent started after news of likely US rate rises then pound slips, though other builders remained up and UK co's doing business not directly affected by the aforementioned, so not sure why GFRD different (though they are of course different by virtue of its construction contracts).
Have a good weekend folks.
Dave

[marksp2011] 30/10/2018 09:08

It isn't the wage that matters it is the proportion of income spent on housingI have friends in £3k/com rents but there are 2 couples. 750pcm all in isn't so bad.

[warranty] 23/10/2018 22:14

There certainly needs to be a correction in house pricing careful as you say, but it's the London and SE market that has grown to silly proportions. Typical monthly rents of £1500-£2000 is just crazy, I don't know how people afford it. Certainly 8 times average wage is ridiculous and has to come back to the long term average at some time. A house price crash seems well overdue to me so get the tin hats on because when it does come it will be long and deep.

[careful] 23/10/2018 13:25

the housing market could be in for a pull back.
when everyone thinks that property is a one way bet and are prepared to pay stupid prices, it is time for a correction.
Average house prices used to be about 3 x the average earnings.
Today it is about 8.

We seemed to avoid the property crash of recent years that happened in other places, Spain and Northern Ireland are examples.
Many of us know of people who were seriously burned in Spain.
Property prices halved in some regions, and no one saw it coming.

We have grown complacent here with prices pumped up with HMG subsidies in one form or another.
People are relying on buy to let for their pension scheme and future, thinking that property is safer than equities.
such faith in non productive assets. I shudder to think what would happen if they all decided to get out at the same time.

[porsche1945] 22/10/2018 13:15

these dont seem expensive but there is a pretty strong rotation out of building/infrastructure and into defensives....some growth stocks but not uk ones, in the US, just wonder if this is a 2007-13 style sell off. Just cant see any catylyst to lift this stuff now, brexit basket case uk just non stop negative news.

[prettygreen] 04/10/2018 11:16

Sorry last line should read " no corresponding buy trades shown"

[prettygreen] 04/10/2018 11:14

Thanks Marksp2011. See what you mean - it's worse than useless it's misleading. Checking today's "trades" there's a buy of over 1 million shares at @ 09:15. This is showing as a buy and added to the "buy" total. Volume of "buys" mysteriously leaps by over a million at around 11:00 'ish but there are corresponding buy trade(s) shown.