Grafton Grp.uts Discussion Threads

[chc15] 06/12/2023 18:07

Sp been all over the place this yr, but ending well, long term hold for me.

[chc15] 10/3/2023 16:27

Nice director buy from Eric..

[lochgarman] 02/3/2023 10:17

Chc15..Great news yes!

[chc15] 02/2/2023 22:54

Always looked good value, glad I topped up, nice recovery.

[mike24] 31/1/2023 08:10

like VIC a steady recovery, 4mln private landlords
need to get their act together on prop refurbishment,
heat pumps alone are not the solution

another Maggie disaster flogging off council props on the cheap
edit wk-end press, exodus of landlords is a crisis of the Tories own making
365,000 rental properties will no longer be financially viable
Gove's policy to put a stop to no fault evictions is more fuel on the fire

[chc15] 10/11/2022 12:36

A good day, must be big value funds buying this.

[chc15] 20/9/2022 13:40

Now what, 5% drop on no real news..

[chc15] 25/8/2022 08:24

Excellent results, but share price hammered, makes no sense, good value here now..

[chc15] 29/7/2022 17:41

Lol yep plenty of traders are super busy atm, this took a hit from wickes the other day.

[mike24] 29/7/2022 16:32

recovery in share price overdue, decent plumbers booked up till 2023
gftu small sales counters, with quick delivery, cheaper to run, no losses by theft etc etc

edit, wickes,b&q have big retail units to get through next winter's heating/rates costs

first sainsbury store incorporating argos into shared store, 17/8/22
home bargains sharing,ex john lewis store with aldi

smart move or a life saving moves?

[chc15] 12/7/2022 08:33

Been rough here, results today ok, but the slide continues, gotta be good value on this soon.

[chc15] 04/5/2022 10:58

Going to add later on this drop..

[chc15] 04/5/2022 10:13

True , but being battered today for no reason I can tell..

[mike24] 28/4/2022 10:16

reminder re post 84 of 90

12 months closer for the 2 MILLION landlords to get there act together
to bring their prop's energy rating up to C

2ml X average refurb spend @ £10000 per prop

to days press 18/5 recovery in the "pipeline" for victorian plumbing
note director buying, 3m last dec, 700k this april

[chc15] 27/4/2022 13:59

Adding here today at 9.57,odd drop..

[km18] 18/2/2022 13:43

...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

[moise] 28/4/2021 16:02

Long-time holder here, very pleased with this performance ytd. One Irish broker sets new price target at 1350p. AGM took place today also I believe. If they divest themselves of the lesser-performing wings of the business (see recent RNS) it could act as a further impetus.

[chc15] 28/4/2021 12:59

Yeh im here, cracking day and run here!

[mike24] 28/4/2021 08:50

hello anyone out there
six month waiting list for a "good" plumber"
supply chain going to cause problems for any b/merchants

[mike24] 16/4/2021 10:20

where the hell is everyone, share price doubled since last april
plumbers earning almost as much as
premiership players, see 12 month chart
17/4
wk-end press, landlords getting ready to "green up" their properties
for propsed new measures to bring in energy rating of C and above from 2025
which in turn will lead to morgages of rates up to 50% lower than standerd rates
Mortgage Works 5yr,green starting rate at present 1.49% compared to standard rate of 2.99%
Paragon rate 3.99% 5yr fix only available on high energy-efficiency ratings

boilers/rads will be the biggest item to get to C and above, not all plumbers are self employed
Grafton could consider their own plumbing outfit, emergency call outs are good money
a few public showrooms would do well, loads cheap retail props in the high st
nai

[chc15] 12/11/2020 10:11

Very good update today. Once these Capital ppl finish their selling, this should go back over 9 easily.

[chc15] 23/10/2020 13:08

News, Capital selling, once they are done, this should fly even higher...

[chc15] 27/8/2020 08:58

Good stuff today, recovery underway