Galliford Try Share Discussion Threads

[mark1000] 31/7/2020 13:31

There is still work around last week Galliford picked up 50M refurbishment at 280 Bishopgate some 264000 sq ft. I am sure that the Government will push spending on infrastructure prisons hospitals schools social housing etc. I do agree private sector capex will be cut and I fear under pressure to win business margins we will remain under price pressure but the upside is cost pressures could turn down.One question is how good is the current Management? did the best guys leave for Vestry leaving the also runs at GFRD time will tell.

[essentialinvestor] 31/7/2020 12:15

Appreciate the view, thanks.

My first job as a teenager was working for Higgs and Hill in New Malden,
a very long time ago!.

MGNS update next week from memory,
hold a very small amount.

[cc2014] 31/7/2020 12:00

EI - MGNS- same as the whole construction sector, which is it's going to get very painful as the current order books dry up and aren't replaced because:
how many hotels, restaurants, pubs, stadia, office blocks, shopping centres, airport expansions are going to get built in the next few years? They'll finish off the ones currenly in progress but after that what. Every RNS I read refers to capex being cut to the bone and that means investment.

Overcapacity equals race to the bottom on margins.

MGNS I suspect will do better than most due to their decentralised model which leads to better relationships but better is still going to be painful.

Oh we might build a few more distribution warehouses but how much money is in a steel shed. Very little I suspect but smaller builders can do those and are more nimble. nothing for the big boys to provide any expertise or any area to add value.

And the goverment might build some more infrastructure. I have my views on how much our disengenious government will follow through on that but regardless any additional spend isn't going to replace the private sector reduction.

Not sure I've been much help. I don't think this is the right time in the cycle to be investing in construction (or housebuilding)

[ham74] 31/7/2020 11:23

It is drifting lower on tiny volumes. Another 5p down on 100,000 shares, which is 0.1% of the market cap.

[essentialinvestor] 31/7/2020 11:22

CC, any view on MGNS?, thanks.

[cc2014] 31/7/2020 11:08

Issue is that all the retail PI's who took up gambling on the stock market in lockdown are now going back to work or are fully invested or have lost their capital.

As the instiutions try to sell out they can't find punters to take the stock off them.

I suspect a slow continual grind down until we get to a share price which is irrationally low.

[ammu12] 31/7/2020 10:41

Another seller.At this rate we will see 70-80p at some point within the next 4 weeks imo

[mark1000] 30/7/2020 11:52

I think some of us are sitting on the sidelines awaiting the full years figures. The lack of info in the trading update was a major concern as I see it this gives them maximum wiggle room. I am of the thought they max out losses to 30/06 and then claim a strong bounce back. Medium /Long term thats Ok but short term this could give buying opportunities you pays your money you take your chance.

[cc2014] 30/7/2020 11:34

Problem is liquidity has dried up and getting in and out of a position at a reasonable spread has become difficult.

Looks to me like algo's walking it down (as they are on Kier) trying to find volume to sell into without success.

Thing is, why buy today if you can buy cheaper tomorrow even if you think 98p is a good entry?

[ammu12] 30/7/2020 10:21

Another red day ?

[our haven] 29/7/2020 15:57

Ps in a flat market

[our haven] 29/7/2020 15:56

And back up to where it was. We could agree to it is volatile.

[ammu12] 27/7/2020 12:28

And down today with the markets doing okay....

[our haven] 24/7/2020 15:56

Rising nicely today when the wider market is falling. I noted the high buying activity.

[netcurtains] 24/7/2020 09:35

EssentialInvestor: Do you think I did OK with French Connection?
Its currently up 109% is that OK? Not sure.
you seem not to like the NETNET or NAV per share concept......
What sort of rise do you look for?
(correction now 121% up)

[the canadian mounted] 24/7/2020 09:34

You are a complete amateur ammu
You’re waiting to buy back in at 80p,
But in the same breath state this will eat into the cash pile and there will be a 50p rights issue.FILTERED !

[ammu12] 24/7/2020 07:38

They have a seller and with the current volume it would take months.....There will be an opportunity on this share but not at current share price imo.Maybe 70-80 range

[netcurtains] 23/7/2020 18:00

oh gawd dont say that too has accounts that are not right? Dont tell me I've misread them again.... Actually do tell me, If I've made a bad mistake on the accounts let me know... Cheers net.

[essentialinvestor] 23/7/2020 17:44

Usually best to stay open mind on an investment,
however it's always a case of DYOR.

netcurtains has now discovered FCCN ).

[swinsco] 23/7/2020 17:07

I also sold up. And I wont be buying again for the considerable future.. bloody nightmare share.

[netcurtains] 23/7/2020 16:58

Seriously I was not joking. I took all your advice and sold this morning and will buy when its 80p (if that is everyone elses plan). So far sound advice as closed miles down

[ammu12] 23/7/2020 16:50

Net curtain this is going to 80p.You can laugh all you want.Look at the number and tell me how they will make any money ??? The losses willl only eat into the cash pile and then placing at 50p...

[netcurtains] 23/7/2020 13:57

I've take everyones advice and sold at small loss and will wait for the 80p that everyone is talking about.
Now I've done this its bound to go up loads...
Hope you're all right.

It was 6 against 1.... and many of those 6 seemed to know whats what.
Lets see.
And thanks in advance.
Cheers Net.

[mark1000] 23/7/2020 13:21

NC Whats your price range? mine for the second half of 2020 80p - 120p but for 2021 in the range 120p - 160p assuming a slow recovery from Covid. What we really need is for some competitors to fail while there is so much Competition in what will be a much reduced private procurement market margins will remain under pressure although there should be some relief by way of cost deflation. Lets hope we do not hit another Aberdeen otherwise all bets off.

[netcurtains] 23/7/2020 10:20

thanks CC2014. I get paid £40k a year to ramp Galliford Try (only kidding - I'm sure they would pick someone who could spell as a sort of ground zero if they were to go down this path).
What is your price range for this stock and why? Obviously you have a price range as you post here...