Galliford Try Share Discussion Threads

[jaf111] 15/7/2020 07:54

Seems quite positive although there seems a lot of "spin" with little substance.....
if 90% of revenue secured why is it too early to restore financial guidanc???

[susiebe] 15/7/2020 07:48

Excellent trading statement.Full of positives,should be well received by the market130p by close...

[lord gnome] 15/7/2020 07:27

Actually, I will review my last post. According to Stockopedia, the Mkt Cap is just £112 millions, so we have a cash cover of around 125%. If Stockoedia is correct, this is stonkingly cheap.

[lord gnome] 15/7/2020 07:23

Yes, reads very positively. Two thirds of the current market cap is covered by the average cash balance, so very defensive.

[tomboyb] 15/7/2020 07:23

Looks pretty good to me -

Can we see the 120s-130s today -

Lets see -

[our haven] 15/7/2020 07:14

I agree Farrugia. Should be well received by the market today. No shocks or surprises and reads positively.

[farrugia] 15/7/2020 07:09

trading statement reads well to me

[tole] 15/7/2020 07:08

"the Group has entered the new financial year with a high-quality, carefully risk managed order book of GBP3.2bn, and with 90% of the new financial year's planned revenue secured.""The strong order book, with 81% in the public and regulated sectors, and recent Government announcements on capital expenditure mean that the Group is well placed to contribute to the UK's economic recovery from Covid-19 and to benefit from opportunities in our chosen sectors."

[mark1000] 14/7/2020 23:37

I agree why the hell would TW be interested in GFRD high risk low margins while TW has its own problems with a housing market seeing lower volumes and SP's under pressure reducing margins add to that balance sheet writedowns I am sure buying GFRD is not on their agenda. On the otherhand GFRD may well look to expand its residential offering may be taking office and retail and turning it into residential. In June 20 their investment arm working in partnership with a Chinese Company CIMC have put in a planning application for 350 flats in 2 towers in Leeds to build for rent. Last year working with CIMC they built student accomodation in Newcastle 75M for Newcastle University.

[grahamburn] 14/7/2020 15:26

rumobejo14 Jul '20 - 11:40 - 6120 of 6126

Taylor Wimpey recently raised 500m for land purchase, surely an offer for Galliford Try is more compelling at such low valuation

TW should seriously think of putting an offer here, say £1.5

____________________________________________________

Where did that off-the-wall takeover thought come from?

Galliford are no longer involved in housebuilding (those activities were sold to Bovis - now Vistry, hence the name change) back in December last year.

Taylor Wimpey would gain nothing apart from the headaches of low margin construction works which is Galliford's raison d'etre now.

[deb81e] 14/7/2020 15:00

Wow! are we going to see blue today?

[tomboyb] 14/7/2020 14:45

Blackrock need clearing -

Once cleared then this should go up -

The overhang is an opp -

[jonny_five111] 14/7/2020 14:41

Bought a couple of batches today. This is looking severely undervalued. Tomorrow hopefully the turning point.

[deb81e] 14/7/2020 14:28

Trading update tomorrow

[cc2014] 14/7/2020 13:11

Not much to say really. Overcapacity in construction is going to lead to significant margin pressures for a number of years.

That coupled with additional costs in relation to Covid.

When you start with 3% margin there's not much room if productivity goes down on site due to social distancing and Covid safe working practices.

[deb81e] 14/7/2020 12:27

Constant faller for 11 days now !!

[rumobejo] 14/7/2020 11:40

Taylor Wimpey recently raised 500m for land purchase, surely an offer for Galliford Try is more compelling at such low valuation

TW should seriously think of putting an offer here, say £1.5

[rumobejo] 14/7/2020 11:34

time for a takeover, 100%

[deb81e] 10/7/2020 14:00

just bought in ..too cheap!

[farrugia] 10/7/2020 13:34

How much cash does this company have on its book? Probably more than the market cap?

[pre] 09/7/2020 14:24

cheers markbelluk@:-)

[markbelluk] 09/7/2020 14:17

pre:-

hxxps://shorttracker.co.uk/company/GB00BKY40Q38/

[tomboyb] 09/7/2020 14:00

A big thumbs up from me Farrugia -

[farrugia] 09/7/2020 13:57

Well Galliford should benefit from this:


In addition, £5.8 billion will be spent on shovel-ready construction projects to get Britain building. This includes:

£1.5 billion for hospital maintenance and upgrades
£100 million for our local roads network
over £1 billion to start to rebuild schools in the worst condition in England, plus £760 million this year for key maintenance work on schools and FE colleges
£1 billion for local projects to boost local economic recovery in the places that need it most
£142 million for court maintenance to repair around 100 courts across England.