Galliford Try Share Discussion Threads

[garycook] 08/1/2020 12:24

harkishan,Where are you getting the info from that GFRD as now 217M shares in issue ?

[harkishan] 08/1/2020 11:02

Can anyone shed any light why the number of shares in issue has jumped from 111M to 217M?

[costax1654x] 08/1/2020 10:14

Sold here at a lost!Bought Kefi to recover

[diku] 07/1/2020 20:37

or bottoms up...

[iamgreat1] 07/1/2020 18:55

But as they say "top up

[iamgreat1] 07/1/2020 18:54

Sub 100 tomorrow folks

[dr_smith] 07/1/2020 18:35

There has been comment about post deal plans/intentions or even date upun which such plans/intetions released or even if they are currently making plans.
That is a big question mark for forward value could be.
Between NAV and underivable forward EPS that's a big gap, so volatility to be expected. (I don't say that patronisingly, but following thought pattern :-) )

>CONFIRMATION OF APPOINTMENT OF BILL HOCKING AS CHIEF EXECUTIVE

As minimum I would expect rns by new chief stating framework/timetable for plans.
He has known of his appointment well before 3/1/20, so would expect him to have such plan/timetable ready to go pronto, as he will know it is a big concern for both shareholders and employees and part of role is to allay concerns, giving clear direction.
IMO :-)
Dave

[careful] 07/1/2020 18:02

over 1% of shARES traded today.
this will be volatile for a while.
A traders dream.

We need to understand this company better.
Traders will follow the trend line.
Not interested in fundamentals.

[iamgreat1] 07/1/2020 17:36

Could be looking at 100 tomorrow

[typo56] 07/1/2020 16:29

Based on closing prices for GFRD & BVS last Thursday I make it that the demerged GFRD was being valued at 122.5p per share (that takes into account the BVS bonus shares which GFRD holders won't receive). Therefore touching almost 190p on Friday seemed a bit bonkers.

Either the market was getting it wrong on Thursday, or the market was getting in wrong on Friday. Judging by this afternoon's action on GFRD and VTY I think we're finding out which! GFRD was an open goal for shorters on Friday.

[iamgreat1] 07/1/2020 16:27

Freefall now Massive shorter will kill this down

[careful] 07/1/2020 16:27

£300m cash from the deal.
valued at below £300m.

Reminds me of when BMW sold Austin Rover for -£400m.

[pre] 07/1/2020 16:21

short raid by the looks of things...£300m in cash from bovis deal only 111m shares in issue..circ £3bn order book...

[nori_wasabi] 07/1/2020 16:20

It would be nice/ excellent if any directors stepped in and bought a decent amount of shares (40K +) at the current share price of £1.35 (to show confidence / faith in the New GFRD)

[boggy] 07/1/2020 16:17

Why the big drop?

[bookbroker] 07/1/2020 16:04

Looks like it!

[iamgreat1] 07/1/2020 16:02

Timberrrrrr

[wildshot] 07/1/2020 13:00

Thanks for the info Our Haven.

I can confirm that the Vistry shares (Bovis) have been credited today to my account by IG.

[costax1654x] 07/1/2020 12:43

Kefi is about to sign their finance for the gold mine this month!!Big rally coming!

[careful] 07/1/2020 12:18

when the previous CEO joins forces with the existing CEO who then jumps ship to work for Vistry, it is obvious they know best how to put all of the dross into the rump company and keep the good bits for Vistry.

But it should all be in the price, things may turn out ok for GFRD in the long run.

[our haven] 07/1/2020 12:00

Hi Wildshot.All brokers use custodians and you would not want it any other way.In the bad old days sometimes clients monies were mixed up with brokers monies so if they got into difficulties your money could be at risk. Now its all kept at arms length and so the monies will be kept away from the broker by the custodian.No excuse though for their slow responses, the broker must have a cut price deal with them.

[careful] 07/1/2020 11:57

Gfrd received £300m as part of the deal.
Todays value £340m.

Implies value of GFRD rump is virtually worthless.
We need some informed analysis here as to the state of the new balance sheet and prospects going forward.

[wildshot] 06/1/2020 20:43

ali47fish in regard to post 5659 I think the answer you are looking for is:

Take the total cost you historically paid for your GFRD shares and use 18.05% of this total cost to allocate to your new GFRD shares as a base capital cost.

The remaining 81.95% of your historic cost is the value you should apply as capital cost of the Bovis shares that you've been allocated.

[wildshot] 06/1/2020 20:39

I received a reply from IG this evening and it says:

"Thanks for your email.
I am sorry for any issue this can cause, we are still waiting to receive the new shares from our custodian and therefore we can't allocate it to our customers accounts. Once we receive them we will allocate them but we can't do it before. So far we don't have an expected date."

I'm not too sure how stockbroking works but this custodian thing seems to be a common reason with IG and why dividends tend to be credited a day later. Do other brokers use custodians?

It is something to keep an eye on. A couple of years ago this was used as an explanation by IG as to why it was more a week later before I received a five figure sum in my account for some takeover proceeds. I got an apology and a suggestion that the custodian didn't send the proceeds over and even implied the custodian forgot to send them!