Galliford Try Share Discussion Threads

[careful] 20/2/2020 13:41

All will be clearer after results.
Impossible to value right now.

[gbh2] 20/2/2020 13:28

Looking like 160 imo.

[billbailey1] 20/2/2020 13:13

Going back to 130p??

[gbh2] 20/2/2020 10:05

Interest Looking rather sad this morning.

[neilyb675] 19/2/2020 16:32

China town

[gbh2] 19/2/2020 15:54

(eg where would they live?)

Small shanty towns springing up all along the new route :)

[careful] 19/2/2020 14:40

no doubt 'elf 'n safety' is the ultimate excuse for doing nothing.
second comes the need to protect rare snails, newts, bats or bumble bees.

It takes a war, or dynamic leadership, to get things moving.

[grahamburn] 19/2/2020 14:19

It is unlikely that the new immigration rules would allow the Chinese to bring in thousands of their own workforce to build HS2, nor would it be practicable (eg where would they live?). Add to that the complexities of our planning rules and health and safety and it is almost impossible to believe the claim that they could complete both HS2 and HS3 and Northern Rail in their 5 year timescale.

[dr_smith] 19/2/2020 13:08

Careful. Bigbigdave post 5770 has video link, it suggests UK Health and safety, e.g. avoiding deaths is a key difference with China build times.

[careful] 19/2/2020 12:28

Up 10% then down 10% within a few days.

We know very little about the reshaped GFRD so we are just guessing.

I will hold through this turmoil, impossible to value but there must be potential here, infrastructure spending is set to go much higher which must create opportunities.

GFRD have demonstrated their capability by some magnificent projects, even if they were not profitable.

I have never been convinced about this 'wafer thin' margin argument. it is just that these projects are not managed well and are never completed on time. The construction workers have no incentive to complete on time, quite the reverse, they are incentivised to let thing s drag on.

HS2 will cost much more than they say and will take years longer.
Interesting that the Chinese, who have built thousands of miles of high speed rail network, offered to build HS2 within 5 years at a greatly reduced cost.

They must be staggered at the sleepiness and inefficiency of the British Construction Indusry from CLLN on.
Lions led by donkeys they used to say of the WW1 soldiers.

Here it is a case of sleepy construction workers led by donkeys.

GFRD have an opportunity to learn from past mistakes and grow significantly.

[gbh2] 19/2/2020 10:04

Looks like someone is still taking profits, guess I'm in for the "Long Run"
i.e. 12th March ;)

[dr_smith] 19/2/2020 09:02

...that'd be the M25, it inspired Chris Reas song, really.

After a down day yesterday, HB/construction 1-3% up so far and the only relevant news I've seen in possible policy change on immigration rules, but that's a possible negative.

[gbh2] 19/2/2020 07:37

Not yet, should be one announced 12th March in the Results or we're all on the road to hell ;)

[p winky] 19/2/2020 05:01

Has a Divi been announced?

[gbh2] 18/2/2020 16:16

I'm still in profit but my 15% is now down to .93% my TW still over 12% but countered by a lame Black horse which is down 10%, luckily my small punts are mostly up.

All part of the Game :))

[dr_smith] 18/2/2020 15:53

gb(*) Yes. ;-) :-)

gbh2
>just following the current trend ;)
Like Undervalued assets said above, construction is now favoured sentiment-wise but bringing volatility too, as we saw yesterdays GFRD "trend" was up 5% am then down 5% pm.
HB's flat now after post xmas sustained increases.
I feared they may dip back down, not for fundamentals but a little profit taking, that could induce bots to self-fulfilling downward trend.

[gbh2] 18/2/2020 15:13

i.e. no bloody idea, just following the current trend ;)

[grahamburn] 18/2/2020 15:11

So, in a nutshell, we have the same opinion. Similarly, it is likely - depending partly on the forthcoming budget and infrastructure programmes - that the construction sector will be less affected by negativity than some others, or the market generally.

[dr_smith] 18/2/2020 13:58

GB. I wasn't trying to give complete reply, just saying there seems a disconnect on sentiment and sp, and struggling to see the logic, so intrigued on reading your perspective.
I happen to have been chatting about supply infrastructures over on IQE thread - which so happens is Apple centric.

If all businesses have to shift to non-China supplies, that's OK for a percentage, but questionable whether "Rest of world" can compensate for that volume, and even if they can, cost to buyer will likely be higher, because:
1) China are typically cheapest in normal times
2) Supplier may charge a premium for non-regular customers to reflect tha demand surge.

IMO
Dave

[grahamburn] 18/2/2020 13:17

Fair point.... I should have possibly added the word "completely" before buck in my post.

Similarly, you have missed a key link to the possible effects on world growth. It's not just that China will slow but many companies throughout the world are likely to experience disruption to their supply chains. Apple is a prime example, but there are thousands of companies which use Chinese parts in their production. They will have to reduce output or find alternative suppliers which will take time and probably extra cost.

[dr_smith] 18/2/2020 12:37

GB. Is it? You would expect it to be, but for example, EZJ is a front line service that could be hit by airport closures and/or traveller concerns over airport use.
Their share price has been quite resilient.
BBC website health page has little is 4+ days old with coronavirus articles.
We aren't thankfully, seeing increases aech day - atleast in the UK.
No doubt exports from China will be hit, but I struggle to see how that will affect builders/construction, other than fittings that can be bought from other then China, s has its attractions as you say.
I take your point though.
Sentiment and logic frequently differ.

IMO
Dave

[grahamburn] 18/2/2020 12:19

Coronavirus is the prime influence on markets at the moment, given its probable effect on world growth. Even if UK construction has its attractions, it still can't buck the general trends.