Galliford Try Share Discussion Threads

[careful] 14/9/2020 16:26

you have to wonder about the valuations of these important companies.

Kei £128m
Gfrd £175m
cost £118m.

you could buy the whole lot for about £430m.

Many billions in the order book, huge turnovers.
maybe they should merge.

[cc2014] 14/9/2020 14:02

Only investable as they exit the bottom of the cycle imho.

However... Even I, who I suspect is far more bearish on the prospects of this sector than 95% of the readers on here is beginning to look at the share price with surprise. Perhaps not at the price but the speed of the fall and on how little volume.

The share price isn't enough to excite me to buy but it is my very broad guess that the share price should stabilise soon. Further legs down may come as just how bad a state the economy is in will become more evident even to the most optimistic of investors.

Mind you 50p on Kier doesn't look so far away now either...

[careful] 14/9/2020 12:09

Essential
Warnings of big falls are meaningless without any detailed arguments as to he exact reasons why.
We investors are bombarded with dozens glib predictions of disasters or success.

Always interested in reading about the state of this industry. there have been many past disasters with the big players.
The mind boggling incompetence with CLLN. was staggering.

...and yet whilst CLLN left behind chaos and financial failure, the key directors were personally successful and did very well out if it.
The workforce were paid well also, for as long as it lasted.

Are these companies investable?

[essentialinvestor] 14/9/2020 11:58

careful, I tried to warn you.

MGNS or BBY, if you really want sector exposure- however even those two have
disappointed previously.

[careful] 14/9/2020 11:46

Costain results today do not inspire confidence for Wednesday.
Costain's recent cash rising seems to be used to pay employees wages and subsidising loss making contracts.

Hoping these bad fundaments that seem commonplace in the construction industry have been avoided by GFRD this time around.
Little use having a large order book unless it can be done profitably.

[careful] 11/9/2020 13:46

Next wed 16th results will be eagerly awaited by worried investors.
A spectacular collapse in the share price, down 60% in he last few weeks.

A cash boost at the time of the split, HMG committed to infrastructure spending and flood defences, the occasional decent order.
Covid aside, there has been no specific negative news that I know about.

Next Wed will answer some questions, one way or the other.

[swinsco] 10/9/2020 15:00

Think a big fall is coming. The market doesn't believe it can survive the recession. Doc & Baron sucked many into this share and have been quiet ever since. Small margins and the fact they had never made a profit on the construction side of the buisness they chose to ignore for some reason. Sounds like they tried a pump & dump on the main markets and left many seriously under water.

[lord gnome] 09/9/2020 07:52

Been on the wacky baccy again buywell3? Something stronger, perhaps? ;-))

[buywell3] 08/9/2020 22:45

mirrors see I smoke and also see
duty of stamp house part it plays
sector building weakening I see
pain is there track down coming soon

[swinsco] 08/9/2020 15:33

New lows.. if results are bad ( which I'm expecting them to be) what happens to the share price then...? Priced in? CEO wont be able to hide behind his " outlook is positive" for much longer.

[grahamburn] 04/9/2020 15:28

Think results are actually on 16 September.

[swinsco] 04/9/2020 14:34

All time lows and still no one wants it.. it's a dog that's for sure.

[swinsco] 04/9/2020 14:23

The current market cap is £96 million. I'm watching closely. Full year results next week I believe.

[blackbear] 04/9/2020 14:15

ADVFN have the market cap at 188mln but i find ahares outstanding at 111mln just how cheap is this company?

[susiebe] 30/8/2020 14:31

From building.co.ukGalliford Try is probably feeling thankful that it got the sale of its housing and partnerships arm to Bovis Homes – now renamed Vistry – away when it did, at the very start of the year. This included receiving £300m in cash and a £100m debt swap.In a trading update in July, the firm said the deal had helped it to a cash pile of £195m in the year to June compared with a net debt of £57m in 2019 – a swing of more than £250m. And it said its average month-end net cash position was £140m for the six months to June.The sense of a firm no longer having to play second fiddle to its dominant housing business is evident in the amount of Stock Exchange announcements it has put out this year on contract wins: seven so far compared with the four for the whole of last year, two of which were housing wins.

[susiebe] 28/8/2020 18:37

Just reread the TU from July.Reads well,I must be missing the negatives Full year results due in Sept so expecting to see a bounce from these lowly levels.

[swinsco] 28/8/2020 11:48

Looking like the right decision to sell out at a loss. A CEO, who on a few occasions, says the outlook is good, needs to look at why his company share price is declining fo levels that suggest the "outlook" is not so good after all. Intriguied where this ends up.

[cc2014] 28/8/2020 11:48

Challenge is for longs on certain days there is a complete liquidity collapse and anyone selling can't find any volume to sell into. Same issue on SFR.

[mark1000] 27/8/2020 15:49

Yes Careful but are they good enough to deliver? and remember if you hit a loss making contract well good bye to all your annual profits and more.

[careful] 27/8/2020 10:27

Lots of work to be done on construction, billions.

Tempting to think that these wafer thin margins could be improved.
So much fat and inefficiency to go at.

It would not be much of a management target to improve efficiency and timescales by another 2%.
Look at any construction project,2% should be possible.

That is the investment case here,
3% margin and we are in business.

[cl0ckw0rk0range] 27/8/2020 09:49

The MM don't share your confidence it seems, or more accurately those shorting it.

[our haven] 27/8/2020 08:27

Come on guys, cheer up. Manly sells this morning but usually a good time to buy.I know that it is all about margin in this sector, but I thought that the contracts since the split gave confidence.

[cl0ckw0rk0range] 26/8/2020 16:04

Looks to me like the management have already jumped ship.

[cl0ckw0rk0range] 26/8/2020 16:03

KIER are a very good example.