Galliford Try Share Discussion Threads

[dr_smith] 16/10/2019 21:12

As a LTH with average buy in at £12.25 ranging from 2013, GFRD is now same business (bad news legacy cases almost behind) I have to concur with Highlands on sp, but likely similar to Warranty, have no desire for BVS proposal to go through, though I am dismayed at
1) lack of forward plan without BVS.
2) If BOD reccomend deal, then they implicitly have plan for the construction cash, that needs to be stated too.

Dare I say it, it's the same as Brexit, you can't expect folks to say yes or no when each option is not clearly defined.

IMO
Dave

[highlands] 16/10/2019 19:58

The correct price for GFRD should be no less than a tenner regardless of the bovis deal.

[warranty] 16/10/2019 18:55

I think it’s just reflecting the correct price for GFRD Dr S. The recent share price is crazy, whether the BVS deal goes through or not and hopefully people are now starting to realise that.

[dr_smith] 16/10/2019 15:33

Interesting to see GFRD nudging up another 1.68% today, other builders flat (inc Bdev with TA), to 1.59% up RDW, and TW down 1%.
If anything I would ahve expected some profit taking from recent rise on GFRD.
Could be Boris effect..or aunny day again!!!
Demoan, by elimination you must favour sun. ;-)

[demoan] 15/10/2019 16:53

BVS up 43p, GFRD up 28p they seem to be tracking each other. Hopefully the positive builders sentiment will continue...not sure about Boris!!

[dr_smith] 15/10/2019 16:19

Eh? waddamiss?
Popped out to plant snowdrop bulbs in rear sunny break after seeing my BWY dive in a.m. to come in and see GFRD 5.52% up!
I see pound is up 1% on dollar, HB up 2-4% but GFRD certainly a surprise to top its peers.
BVS? Possibly, but no rns and supposedly slapped wrists for insider dealing etc, so inclined to go with Boris talks - or sunny weather.
IMO
Dave

[our haven] 15/10/2019 15:59

Or is the Bovis deal on?

[our haven] 15/10/2019 15:56

Is Brexit going to happen?

[highlands] 11/10/2019 18:31

Good finish but still a long way off from minimum £10 I expect to get for my shares.

[marksp2011] 11/10/2019 12:56

No not market wide

The vast majority of my holdings by value are a smidge down because of the exchange rate

The individual shares are rocketing

PRU
PSN
TW
GFRD
ITV
LGEN
AV

and ITV again for good measure as I bough a lot at 106.7

and I missed out NRR

On days like this I look like a prescient being but.....who knows what will happen by 1630?

[dr_smith] 11/10/2019 12:53

Yes.
All through Brexit there have been ups and downs attrbuted to Brexit.
IMO these oscilations don't follow normal business logic - but nevertheless Brexit (and pound) is the reason.
Dave
Edit - I posted before seeing your response Fizzy. :-)

[fizzypop] 11/10/2019 12:52

Yes - market wide

[highlands] 11/10/2019 12:37

Why the sudden rise? Is it Brexit related based on a possible deal?

[dr_smith] 11/10/2019 10:12

Mark.
Thank-you. Had to scratch my head on IC, integrated circuits? euraka, investors chronicle.
Interesting take on fudged figures. Reminds me of when I were a wee lad and you'd look for round numbers in accounts as pointer to non-true figures.

I don't know the IFRS guide and other accounts rules, but co's normally do spread loads for a variety of reasons, tax efficiency being main one, so on what you have said, it could just be normal accounting, though fudged numbers may exhibit that same trait, so I would say it's not solid evidence of dodginess/problem.

ON HB project term, TEF would get most of money up front, selling blocks to pension co's. I am out of touch but 35 years ago, cashflow was eased by phased developments, I would have assumed same now and HB are returning spare cash spec divs, so ..I suspect I am missing the point as not familiar with changing tax/accounts rules.

Today is a surprise, FTSE flat, GFRD 6.27% up, BVS 4.61%, can't be Trump/China talks, Brexit optimism favours for construction more than HB (as 6.27>4.61).

Dave

[grahamburn] 11/10/2019 10:08

Strictly speaking an "investment" is different from "trading on spikes".

[our haven] 11/10/2019 09:25

Mark. So you would would never invest despite these spikes?Surely there are plenty of opportunities as we are seeing with Galliford Try.

[our haven] 10/10/2019 09:07

Note the new water contracts. Could be very good if the margins are there post Bovis.

[dr_smith] 09/10/2019 08:38

Mark. I assume you mean the whole sector, not just GFRD.
Media / gov commentary, post Carllion, would have you belive the crazy co-surety clauses are now gone and recognition of required sensible margin to thrive as an ongoing business.
That's likely Ministers and press officers talk, so in realty, have you seen any culture change in dealing with gov departments?
Any evidence of attempts to be less cut throat?

Also, do they tend to use standard wording (template) for contracts, perhaps set down at gov level, or does each council have its own version?
Dave.

[marksp2011] 09/10/2019 08:09

But construction will never be sorted.
It can be recapitalised until it needs capital again.

[karv1] 08/10/2019 11:35

This merger/takeover is shocking we should be 800 a share minimum, if the board was more open and clarified there position on the 35% value of the offer that is in cash.which in all rights should be ours.We would not be anywhere near this share price.
This could of been handle so much better
I�m hoping that gray is a genius and there is a super plan waiting to come out.
My vote will be no with information I have.I think we will be worth more than Bovis once construction is sorted.

[marksp2011] 08/10/2019 10:21

And if you look at ITV, LLOY, HSBA the Builders...LGEN AV PRU........... they are all dropping in step
More of a Boris event I think

[rat attack] 08/10/2019 10:14

Given the share price movement there must be some negative leaks from the DD coming out. Thats a 10% fall in under a week!

BVS 10.7 @ 0.574 = 6.14 + div 0.35 = 6.49 v GT shareprice of 6.18. I know the deal has sometime to run and allowing for BVS scrip but will the deal conclude? Not entirely convinced at present.

[grahamburn] 08/10/2019 09:47

It should not be forgotten that the original announcement only gave an indication of how the deal would be structured. That may not be the end game.....

[nigelpm] 07/10/2019 21:14

Well it assumes the deal goes through and that isn't a given.