Galliford Try Share Discussion Threads

[ammu12] 29/4/2020 13:16

2.50 easy maybe 3

[dandadandan] 29/4/2020 12:46

Been checking this out for a while and decided to buy in as it looks like this could fly once it gets seen on the market traders radar screens and twitter.

Expect IC and others will also soon notice value to be gained as covid-19 declines.

6 months share price target £2.50?

Any views.

DDDD.

[ali47fish] 29/4/2020 11:16

ammu have you seen any decent broker updates and thanks for the reply

[ammu12] 29/4/2020 10:56

The Group continues to maintain a high-quality order book of GBP3.2bn (H1 2019: GBP3.2bn) spread across 12% in the regulated sector, 71% in the public sector and 17% in the private sector. In the current financial year, 96% of projected revenue is secured and 72% secured for the next financial year (H1 2019: 96% and 66% respectively).They've got more contracts since then

[ammu12] 29/4/2020 10:55

Is that the only contract they've got ? Have you seen their order book ?

[ali47fish] 29/4/2020 10:50

Gooner what makes you confident- is the 65 million contracts big enough?

[ammu12] 29/4/2020 10:36

Gooner I seem to be following you lol.Bought some this morning as current share price is crazy.......

[gooner1886] 28/4/2020 20:03

Galliford only going to grow and grow! Im also in costain aswell although they have alot of debt and a cash raise imminent, thier books enticed me in, but i think galliford with cash in the bank and new contracts will be the winner there

[gooner1886] 28/4/2020 20:02

Thanks pete did share holders lose value of thier shares though? I.e cash amounts?

[petesmobileacc] 28/4/2020 19:22

The drop was to take into account Linden Homes sell off to Bovis, as it was & the Share issue to Galliford shareholders at that time.

[warranty] 28/4/2020 18:47

Any chance of the chart in the header being updated because it doesn’t now fit the new company or relate to current share price activity?

[gooner1886] 27/4/2020 20:05

Brought in here today, zero debt! New contracts, public sector whats not to like?Quiet board in here, what was the massive drop in dec/jan i take it was the share consoladation??Re rate should be on here i believe

[ironstorm] 24/4/2020 08:25

Good to see.

[our haven] 24/4/2020 08:23

Looks like 150 possible shortly. Continues to bounce back.

[our haven] 23/4/2020 10:46

Bouncing nicely presently. The news of a return to full work next week from other builders must help. Construction will be in the same boat.

[casino444] 22/4/2020 21:23

just give it time it will get back over 200 again

[ironstorm] 21/4/2020 09:39

I am surprised this has not recovered more. Bought in hoping for a bounce a week or so ago. Its just bubbling along at lows.

Key from me from latest update:

Galliford Try remains a well-capitalised business with no debt or bank covenants. The Government is continuing to support our sector, for example through the Cabinet Office Procurement Policy Note which provides guidance on payment by public bodies during the Covid-19 outbreak, and 83% of our order book is in the public and regulated sectors. The Group's cash levels remain in line with management's expectations, with average month end cash for the second half of the financial year to 30 June 2020 expected to remain over GBP100m

Market cap is £140m (if I am correct). Cannot see why this should not be over 200p if not far higher.

[our haven] 31/3/2020 08:11

Seems sensible to me to postpone and review the interim dividend given the unknown impact of the virus.83% government or regulated work and no debts puts them in a very positive position coming out of the crisis.

[dr_smith] 24/3/2020 14:15

gbh2: If you still look in.
GFRD are down less than most on my short list, so felt I should move funds to a co down more, so more rebound factor.
Ironically the prime candidate for that on my short list is VTY, so topped up.
Don't know my GFRD down less (circa 40% of pre CV sp, VTY and other builders circa 40 to 50% of pre CV share price
GFRD may do well from gov projects and these may be added to as part of the publc spending, but had my fill of BOD that don't communicate and lack buzz.
IMO.
Dave

[dr_smith] 12/3/2020 16:32

Cheers gbh2
Well 17% down with HB's down around 10 to 12%, so say 6% adverse to trend.
Surprising considering skeleton cupboard emptied and gov spending.

[gbh2] 12/3/2020 16:02

Dave, I had no preconceived idea of what shape the Business would take after the sell off, this was a 7K punt which imo looks to have some way to go to be an interesting investment.

I wish those still holding well, I've moved on.

[spudders] 12/3/2020 09:52

Warranty, I suppose we’ve managed to pay a dividend which in this environment is something. I’m just bitter that we sold off the best bit to BVS and now left with ???? I could sell and move on and maybe I will when things settle down having held these since 2007. Good luck all 🍀

[dr_smith] 12/3/2020 09:46

gbh2:
1. Given your "involvement" in sector (do they know they are in quotes? ;-) ) has sector changed since Carillion. e.g. Has typical margin increased? I've seen 1% often mentioned here and note the 2% objective.
Is this a GFRD efficiency change and/or some shift in sector, such a gov contracts recognising more margin needs to be allowed post Carillion.

2. Is there something specific you hoped would be in results, that would have cheered you up?

Dave

[warranty] 12/3/2020 09:20

What were you expecting spud?