Galliford Try Share Discussion Threads

[jubberjim] 29/8/2023 06:37

Any problems anyone know about.
Something's going on ?

[willie99] 16/8/2023 17:11

GFRD have settled with the Scottish government. I wonder if this will affect the proposed special dividend.

[our haven] 15/8/2023 07:19

Encouraging that they state that this is the first contract win of others in Cardiff. Sounds good for the pipeline.

[catabrit] 14/7/2023 13:58

Thanks Breezer. Yes i have heard that a few times from others that have met them, too.
I think you lot will all do very well. Already you’re up 25% YTD and that excludes the dividend.

I’m invested in another situation similar to this but I think the stock will fly now that the contract issue has been resolved.

You will deserve it because this is a business and a sector that’s so universally hated and therein lies the opportunity - everybody is underinvested. The valuation is pathetic but that will resolve itself and considering the downside protection, the risk adjusted nature of the return on offer here is superb.

[breezer_42] 14/7/2023 12:31

Catabrit - I've been in upwards of 20 meetings with management and I can tell you they're incredibly consistent in their obsession with not taking excessive risk, and pricing the risk they do take, well. They have walked away from many contracts that don't fit their risk appetite, and made it very clear they'll continue to do so.

That's the main reason I'm comfortable to be invested here for the long term, to try to take advantage of what I perceive to be a very low valuation as the market wakes up to this and learns to forget how the old management team ran the business!

[our haven] 14/7/2023 10:11

That is a fair point Catabrit about the road scheme. My thinking on the building win was more about its high profile. I am sure that the new management will have costed it for a profit or be it small in overall scale.

[catabrit] 14/7/2023 10:05

I’m not sure I would want too many of those contracts to be honest albeit Morgan Sindall demonstrate that lots of smaller contracts can work if you price the risk accordingly.

What was more important this week (at least from my perspective) was the news that they came off a road scheme which is now being re-tendered. I think they came off it because of rising costs so that demonstrates good discipline / risk management and that bodes well for shareholders.

[our haven] 14/7/2023 07:20

Very nice contract win for a high profile building in the City of London.

[our haven] 11/7/2023 14:29

I agree Careful, all very positive.The management are to be congratulated on a successful transition, post split from the residential business.

[catabrit] 11/7/2023 09:02

They must have stressed “balance sheet strength” about ten times. They’re clearly under a lot of pressure to do a buyback or return more capital to shareholders. But yes I agree this is very undervalued and offers a good risk reward.

[careful] 11/7/2023 08:22

Excellent trading statement.
Undervalued.

[itisonlymoney] 09/6/2023 08:04

making a total dividend return on this share of almost 10% this year even at £2. no debt company with cash of over £100m - hard to say no.

[our haven] 08/6/2023 17:11

200 close, the day just gets better!

[ddubzy] 08/6/2023 09:09

Was that a 1.2m purchase at 189p I see. Lovely news this morning.

[careful] 08/6/2023 09:06

Great potential here.
Many investors still nervous about this sector because of its past history.

GFRD well positioned to grow.

[our haven] 08/6/2023 08:48

Good news on the settlement and resulting special dividend payment.12p with more to come.

[spudders] 23/5/2023 13:10

Fair spike today!

[our haven] 02/5/2023 07:56

The contract wins keep coming continuing to give confidence in the future prospects of Galliford Try.This 85 million award for the Highways division shows how they continue to be prominent with the local and government departments.

[our haven] 13/4/2023 07:14

Another nice contract win, this time for the highways division.Gives confidence that GT have a bright future with the pipeline.

[sharesoc] 10/4/2023 01:06

In case you missed our webinar with Galliford Try (GFRD), the recording can be found on our YouTube channel:

[our haven] 29/3/2023 08:19

Very good 75 million contract win, keeps the pipeline healthy.

[catabrit] 14/3/2023 21:30

Not the biggest but £11.5m claim against Galliford can proceed according to a recent court ruling. Mentioned in New Civil Engineer.

[ddubzy] 08/3/2023 09:59

Haha, just downplaying it. Solid is great, but yes I admit, excellent half year report. As usual only a small rise on the bell!