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GFTU Grafton Grp.uts

930.40
0.00 (0.00%)
Last Updated: 11:20:01
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Grafton Grp.uts GFTU London Packaged Unit
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 930.40 11:20:01
Open Price Low Price High Price Close Price Previous Close
949.90 929.00 949.90 930.40
more quote information »

Grafton Grp.uts GFTU Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
29/08/2024InterimGBP0.10512/09/202413/09/202411/10/2024
07/03/2024FinalGBP0.2611/04/202412/04/202409/05/2024
31/08/2023InterimGBP0.121/09/202322/09/202320/10/2023
02/03/2023FinalGBP0.237513/04/202314/04/202311/05/2023
25/08/2022InterimGBP0.092508/09/202209/09/202207/10/2022
24/02/2022FinalGBP0.2207/04/202208/04/202205/05/2022
25/08/2021InterimGBP0.08502/09/202103/09/202101/10/2021
25/02/2021FinalEUR0.16684908/04/202109/04/202105/05/2021
27/02/2020InterimGBP0.12528/01/202129/01/202119/02/2021

Top Dividend Posts

Top Posts
Posted at 18/2/2022 13:43 by km18
...from last year...

Company overview:
Grafton is an international, multi-channel distributor of building materials. Their target markets are residential repair, maintenance and improvements, and house building. The company operates in UK, Ireland, The Netherlands, and Finland with ambition to grow internationally in distribution. This year the firm has benefitted from the DYI trends and hunt for home improvements forced by the lockdowns. Key strengths of the Group are its leading market position, geographical diversification, portfolio of cash generative and profitable businesses. They have made several acquisitions during the last decade, driving the goodwill up to above 20% of total assets. However, the healthy growth of revenue and net income levels are managing it for the time being. The big unusual expense you can see on the income statement  for 2020 is not impairment. Greatest proportion of it relates to the unfunded status of the pension plan of the company, which can be also found in the non-current liabilities on the balance sheet.
Since we started the fundamental analysis, Gafton generated 2.55% compound growth in revenues, transforming it to a 6.43% on EPS levels. Furthermore, ROCE is growing at a healthy 9.02% and dividends reached 14.5p in 2020, meaning there is plenty of return for the investors. The gearing is hit by the IFRS 16 leases and the pension liability, but does not flash any red lights. Cash generation is strong even in periods with large debt retirement outflows like 2020.
Latest trading update comes in the form of the Interim results, which are very promising. Gafton presented record performance for the period, with revenues rising 46% to £1.03bn and earnings before property gains seeing a 204% growth compared to H1 2020. We should remind you that at the beginning of July, the Group announced the sale of its traditional UK merchandising business for EV of £520m to Huws Gray. The outlook is positive based on the “market positions of the company, geographic diversity, strong balance sheet and investment pipeline”. Gafton did not change the 12-month forecast for the operating profit, but with growth in profits like the above mentioned and great outlook, we are expecting a review of the forecast if the trading levels are sustained in the 3rd quarter....from WealthOracleAM
Posted at 24/3/2020 15:45 by chc15
Yeh, mkt seems ok with it, I'm guessing it will stay in this range. Seems the norm to stop the divi.
Posted at 24/3/2020 15:02 by zen12
RNS out:Grafton is in a very strong financial position with a robust balance sheet, excellent liquidity and low net debt, excluding IFRS 16 lease liabilities, having started the year in a net cash position. On 23 March 2020, the Group had unrestricted cash of GBP303 million and undrawn committed revolving bank facilities of GBP275 million. No refinancing of debt is due until March 2023. The Group does not have a leverage (net debt/EBITDA) covenant in any of its financing arrangements and its assets are unsecured, both of which provide greater financial flexibility.Grafton is well placed to withstand a period of uncertainty and its current priority is to implement a range of precautionary measures that will preserve its liquidity and ensure it comes through the current period well positioned for growth. These measures include a decision to suspend payment of the second interim dividend for 2019 which was due to be paid on 6 April 2020. This prudent course of action, which the Board believes is in the best interests of the Company and its shareholders, will preserve GBP30 million of cash in the business. The Board recognises the importance of dividends to shareholders and intends to resume payment as soon as it has greater clarity about the impact of Covid-19 on the performance of the Group.
Posted at 08/1/2015 18:17 by jeffcranbounre
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British Land #BLND
Grafton #GFTU
Dunelm Group #DNLM
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Posted at 13/4/2013 18:49 by lochgarman
mark...grafton technically didnt pay a dividend..they had one of those tax efficient share re-purchase schemes......it was the same as a dividend but was more tax efficient for the shareholder :-)

i dont see why they cannot return to a high return on equity long term..none whatsoever.

they have sailed this storm brilliantly...its a very very well run company.
Posted at 09/4/2013 17:17 by markrogers88
I'm pretty much new to this company having not closely looked at it in much detail before, seems like a very interesting case.

I'm quite interested in what happened here (partly out of curiosity from a valuation point of view, but also partly out of any lessons to be learnt!).


The company showed phenomenal earning power before the housing collapse. According to my records they completely ceased paying a dividend from 2002 onwards? Can anyone please shed any light on that - considering the company was seemingly doing very well between 2002-2007?

The company was able to earn very attractive returns on its €1Bn equity base in 2007 if my numbers are accurate, around 17%. If there is a recovery in the construction industry, what kind of returns can investors expect to make on the firm's assets? Can we expect to see some capital returned to shareholders if the rates are unattractive - or are there reasonable grounds to believe the company can return to the earning power of pre-crisis years?

The company achieved an exceptional growth record from 1993 to 2008, they were clearly doing something right - is that business model now broken, or are we seeing this lull while excess construction inventories are being eaten up?

Thanks to all contributors, this is a really quiet thread, but on the plus side was quick to read through! Very interesting case.

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