Galliford Try Share Discussion Threads

[our haven] 07/11/2023 09:39

Nice contract win at Brent Cross.Helps the pipeline.

[albert arthur] 02/11/2023 11:10

Exdivi next week, nice yield.

[our haven] 01/11/2023 15:35

Rising nicely on good volumes today and yes, it has been an excellent year.

[ddubzy] 01/11/2023 15:03

Indeed and another 7.5p divi due next week

[catabrit] 01/11/2023 14:27

The risk adjusted return here over the last 12 months has been amazing.

[eigthwonder] 22/9/2023 11:31

RNWH and GFRD have slightly different corporate DNA. RNWH's core is really a support service provider and much of their work although of a contractor type activity (using plant and machinery in the field) is actually tapping opex type budgets - projects within a financial year. Galliford is much more a contractor in the classic mould - taking on multi period capex work. That's why GFRD margin is in the 2's aiming for 3, and RNWH margin is in the 6's, and why GFRD have to have cash on the BS (but they have too much, i agree) but RNWH runs a more capital light model. Where they are similar is that both have a management team with an excellent approach to risk control

[wfcreserves] 22/9/2023 10:19

Not a Renew empire builder then?

[eigthwonder] 21/9/2023 18:48

Not sure it will ever become "major" - management are very cautious about large contracts and while they can win a large number of smaller/medium size contracts, each one requires managing and i don't think they have the numbers to do that. the fact they are happy to keep returning capital one way or another suggests they are happier being modestly sized but outperforming on the profits/cash flow/returns per unit of capital. Bigger isn't necessarily better

[careful] 21/9/2023 16:54

Great potential here to become a major infrastructure company.
Still relatively small.

Good management.

[our haven] 20/9/2023 08:06

Very good update with no shocks.The management are delivering exactly what they said. Upper end of forecasts and dividends delivered. Happy days.

[wfcreserves] 18/9/2023 21:01

Thanks. I can see now that the number of voting shares is decreasing as the buy backs continue as per RNS.

[eigthwonder] 18/9/2023 14:49

No, it is cancelling the shares, thereby boosting the eps in the future

[wfcreserves] 18/9/2023 14:17

The company say that the shares bought back are not held in Treasury. Does this mean they are held as an investment to sell back into the market in the future?

[eigthwonder] 17/9/2023 22:11

fair point - i had missed the RNS.

[ddubzy] 17/9/2023 19:47

Assume you haven't been here for long. LTH will know this following RNS DATED 8 June. Might be worth a read 8wonder, your welcome!

[ddubzy] 15/9/2023 15:10

Big special divi coming soon too

[our haven] 15/9/2023 12:21

Earnings report due next week on the 20th. I am expecting no shocks and the pipeline looks good IMO.

[pugugly] 07/9/2023 15:56

Now I wonder how much this could cost them? Penalties - planning application for tower modified/cancelled/ delayed etc.

Fury as historic Victorian terrace is bulldozed without permission by property developers building 30-storey 'monstrosity' tower block in its place

[careful] 05/9/2023 09:12

This enormous school concrete problem should result in more work than GFRD could handle.

Good for business, it is an ill wind etc....

[catabrit] 29/8/2023 09:56

This is a positive development for GT shareholders and the listed peer group as a whole. It’s more confirmation that they’re being disciplined when it comes to risk management and are hell bent on boosting margins.

[our haven] 29/8/2023 07:51

Thanks eeza. Be interesting to see if the market thinks that the decision taken by whoever is a good or bad thing for GT.Costs with all the delays must have been rising and it maybe a sign that the new management will not blindly accept non profitable business, or is that wishful thinking.

[jubberjim] 29/8/2023 06:43

Just reading EDP news headline hence earlier post.

Might be something might be nothing.