Share Name Share Symbol Market Type Share ISIN Share Description
Galliford Try Holdings Plc LSE:GFRD London Ordinary Share GB00BKY40Q38 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  2.96 3.09% 98.69 119,747 14:37:07
Bid Price Offer Price High Price Low Price Open Price
97.96 98.63 99.60 95.98 95.98
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 2,713.50 104.70 78.50 1.3 215
Last Trade Time Trade Type Trade Size Trade Price Currency
14:57:13 O 5 98.5211 GBX

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Date Time Title Posts
05/8/202012:24Galliford Try - Building on Solid Foundations6,247
05/10/201900:21a fairy tale or horror story1
25/8/201710:23TRYING TO MAKE MONEY ? BUY GFRD642
02/3/201713:25LInden Homes - the house that Jack built or was it Jerry?1

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Galliford Try Daily Update: Galliford Try Holdings Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker GFRD. The last closing price for Galliford Try was 95.73p.
Galliford Try Holdings Plc has a 4 week average price of 90.82p and a 12 week average price of 90.82p.
The 1 year high share price is 887p while the 1 year low share price is currently 90.82p.
There are currently 217,742,860 shares in issue and the average daily traded volume is 244,855 shares. The market capitalisation of Galliford Try Holdings Plc is £214,890,428.53.
netcurtains: EI: I'm sure the document is there but surely its a one line simple answer as to why share price collapse since January? I got from the document this; " Certain of the NewCo Group’s businesses are supported by demand from UK Government policies with regard to investment in civil and social infrastructure, most notably in the education, transport, health, public utility, renewable energy, secure establishment and defence sectors through direct government contracts, joint ventures and PPPs. Any change in government or in government policies, programmes or procurement methodologies could adversely affect revenues and/or profitability. " It seems to me, if anything the government is going to spend LOADS MORE not less.... (they have already stated as such).... So clearly we should expect share price to rise not fall.
netcurtains: OK looks good to me. Recruiting strongly so cash flow OK. IN good locations for new Tory "Northern Powerhouse" .... Https:// Good price.... entering NET NET territory NAV Per share 522 Share price about 105..... In some ways its potentially a 5 Bagger just on NAV value alone. It was 1800 five years ago (a 20 bagger from here) It was 900 a christmas (at 9 bagger from here) Things cant be that bad? Got to at least get "dead cat bounce".... What exactly happened in January 2020 to cause such a cataclysmic fall?
cc2014: A couple of things Galliford are not a new company. They've been around for years before the split into 2 companies. I have a share certificate from many years ago showing a share purchase at 15p. Of course I sold at around 17p but that's life. The window dressing on the June accounts is usual and happens every year and is done to some extent by every listed company. Subbies always moan about this and rightly so. I don't think there is a way to fix it though. These posters on Twitter are front running their positions. They rarely have any more skill than you and I, just followers who jump on the bandwagon. They buy, they post on Twitter, the price goes up on the back of their followers and they sell and move onto the next stock. They tend to trade certain types of stocks with enough liquidity they can get a decent sized position on to make it worth their while. What is most interesting though that even with this advantage most of them blow up their accounts. I've seen very many of these people come and go over the years. So, if this has been ramped to death on Twitter and the price still falls, what next? Well those rampers know they can't ramp it anymore and regardless of whether they have won or lost on the trade they know that if they don't get out first, the price is going to go lower as all the short term punters leave for the next hot stock. If you start with a 3% margin and margins get tighter plus you've got a whole load of Covid costs where do profits go? I know we'll issue an RNS showing 5% loss at divisional level. Wft does that mean? What's the margin after central overheads? That would be useful. And we'll withdraw guidance too. GFRD may or may not be worth 102p but I don't see how you can work out what it is worth and large shareholders don't like that. They've learnt from history that lack of transparancy equals problems down the road. Maybe at 102p it's not in the share price. Maybe it's not but I still don't see how you can work it out.
ken298: Copied from other blog - clearest explanation to date - I am afraid your estimate is incorrect. Let's say you have £100,000 worth of Galliford Try shares today. At the current shate price this equates to 13,812 shares yielding £8000 pa. With this deal you will be hard done by. You will get .574 Bovis shares for one GFRD share. Therefore you get 13,812x .574 = 7928 Bovis shares. Currently the Bovis share price is 1130. 90p will have to be deducted due to special dividend payable to existing Bovis shareholders making the value of a Bovis share 1040 after this dividend is deducted. The value of your Bovis shares will therefore be 1040x7928=£82,451. Your dividend yield will now be only be about 5.8% of £82,451=£4782. Regarding the £300k. This will be used to reduce debt and from what I read there could be a £150/100 million surplus. If this surplus was given back to shareholders expect 135p /90p respectively. If the rump remains in profit I read a 10p dividend could apply. Your 13,812 GFRD shares would then yield £1,381pa. The value of your GFRD shares will be £18,646/£12,430 respectively. So at best you have a portfolio of 2 companies with a value of £101,097 yielding £6163pa. If you rely on dividends this is very bad news especially because the GFRD yield could all but go with one nasty exceptional cost. Your Bovis shareprice could increase, along with the dividend due to the synergy of Linden Homes and Bovis Homes. I was a long-term shareholder enjoying a very good income but have totally bailed out at a loss. I cannot understand why there isn't more written about what a poor deal this is for shareholders and what an excellent deal it is for management. Prothero will leave behind what could be a sinking ship and will then follow the money all the way to Bovis. The way things are reported so far it gives the impression that this is a done deal. I am not so sure. The shareprice should be higher. Shareholders have been left in the dark re future strategy and projected value in the rump. Simply extraordinary! The forthcoming AGM will shed more light into this matter. If this deal falls through I will reinvest.
dasty1: Profitaker - I think you have forgot to factor in the fact gfrd shareholders will not get either the bvs bonus issue or bvs dividend. We’ll get ex-dividend ex-bonus. Which I work out is 90p ish. So you need to knock 90p off bvs share price as it stands today, because that’s the true price of the share for gfrd purposes.put another way, if bvs share price was frozen from now until early Jan, it will be defrosted at 1080, not 1170 as I type. So gfrd gets its 0.574 bvs shares at 1080 not 1170. Not getting that 90p per share is quite a significant and somewhat hidden negative for gfrd shareholders
dasty1: It’s a bit complicated but taking share prices as I type, and discounting about 90p from bvs share price for the dividend and bonus shares that existing bvs share holders will get but gfrd will not, then I work out gfrd construction will trade at about £1 or be worth £100m, with I think a net cash in the bank of £150m after £300m cash paid by bvs. So, is gfrd construction with nil debt worth £100m or so? Kier is worth not much more for a much bigger company albeit there’s a mystery over what kier true debt is. Overall I don’t like the deal, but I’ll hold for now and buy more if this drops to mid 650 sort of area.
dr_smith: 57% implies a zero value for remaining construction. I reckon the calculation is: Current GFRD share value = BVS share price *. 0.57 + GFRD construction remnant sp But, even if we could put an share price on GFRD construction remainder, GFRD share price is discounted to offer, as even when set in stone, it could be months before you receive it, so lets call that the "Discount Factor". Therefore, Current GFRD share value = ((BVS share price *. 0.57) + GFRD construction remnant sp) * DF GFRD remnant value: This can be a seperate topic for discussion, with its many unknown variables, but for starters lets say: Cash sum:- 300, 000,000 / 110,960,000 isc = £2.70 per share PLUS - NAV (after adjustments for premises and equipment depreceation where reality can differ from book value) - Claw back from legal cases - Goodwill (arguably zero in this sector but they do have a good order book) LESS - Potential liability to lay off staff, should they liquidate (not saying on cards, just including for completeness). - Any unanounced/unanticipated legal claims If I use the £2.70 (£300m split) for above formula it gives current share price near £7, the Friday close: bvs share price offer value con remnant share price bvs+con DF calc GFRD sp 11.35 0.57 6.4695 2.7 9.1695 0.76 = 6.96882 I have rigged the Discount Factor at .76 (24%) to give a near £7 real world result. I think I have formula correct, but market average value placed on remanant could be wildly different to the £2.70, that would mean the discount could be wildly different. I don't know if that's helpful, I did it for myself and thought I'd share. I stand by my opinion that we need BOD to lay down a planned way forward without BVS. If they don't do this, they would show themselves to be vacant and clueless, where "Throw the towel in" is their default position. Thinking about Brexit - it went wrong in only presenting Yes/No choices, with no context of the scope of deal and costs. Similarly here, if and when it gets to s/h vote, BOD will need to say, at that point, what their plans would be for GFRD construction. All IMO :-) Are you lot still in bed reading the Sunday papers? ;-) Any comment in them re BVS/GFRD? Dave.
dasty1: With something like 85% of this share price actually a bvs share, I don’t know why gfrd share price doesn’t simply track bvs share price. But it consistently doesn’t. Today, bvs up, gfrd down. That makes no sense.
kenmitch: bor491. Surprised you didn't understand very basic dividend must know before posting that! The dividend is taken out of the share price on the day the share goes ex dividend. ex dividend date is almost always a Thursday. The ex dividend date (and the day it is paid) is usually announced with the results. Anyone buying the share on ex dividend day (and subsequent days) does NOT get the next dividend. Anyone holding the share on ex dividend day DOES get the next dividend, even if they sell the share on ex dividend day or subsequent days. The dividend is always taken out of the share price on ex dividend day. The share might not fall by the full dividend amount... e.g if the lower share price attracts buyers. OR the share price could fall by more than the dividend amount if there are more sellers than buyers. Aside from this...just wish the share price would stop falling. If the falls continue to be worse than other housebuilders then it's either bad news leaking or GFRD being punished more because of the further problems with the construction business. The sooner they are a housebuilder pure and simple the better!
mayers: DR_SMITH I am inclined to agree with you. I had held GFRD for quite a number of years but sold in the descent after the Carillion debacle to protect in particular,investment made after the collapse of 2008 when GFRD share price was around 280p. Re-entry is always a difficult decision and I would naturally wish to know as far as one can, that Construction with its narrow margins is likely to be free of further problems. Your comments are I think, very pertinent. I read that the Eastleigh Borough Council recently acquired the land, already with outline planning consent and would be interested to know, if anyone knows, how this came about. My limited understanding concerning Draft Local Plans is that Councils may propose preferred local sites for development but the purchase of the land, often agricultural land, is between the landowner and the developer at market rates. The Governmental Plan seems therefore to be a scheme in which landowners may be the main beneficiaries, particularly in which the element of affordable housing and rental is limited to a derisory 35%. Forgive me if this latter issue appears tangential to the main thread but I suspect there may be many areas where these comments may be relevant.
Galliford Try share price data is direct from the London Stock Exchange
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