pearlsasinger
16 Nov 2017
Re: School framework awards Agreed.However we have been promised a "...disciplined approach to land acquisition and contract selection ..." by the CEO.
Our Haven
16 Nov 2017
School framework awards Just hope that the margin is in them this tim
malj1
13 Nov 2017
Re: Appear undervalued The 'problem' with GT is the mix. On a t/o basis 70% comes from construction & 30% from house bldg. On a trading profit basis 91% comes from house bldg. & 9% from construction. Construction margins are sub 1% & falling. That's an awful big negative fly wheel & as the recent profit warning on misstatement of construction contracts showed can wipe out virtually all the house bldg. profit. This is the usual hybrid co problem - so I'm not a fan of hybrid co.s. If you want something like this why not buy just a house builder - Mr Mkt giving them away right now!
Triggers broom
10 Nov 2017
Re: Appear undervalued Totally agree rhigos.Despite the departure of Greg Fitzgerald I have faith in the newish management to keep the good ship Galliford on track and keep paying the considerable divis. I'm considering adding at these prices but GFRD is already my largest holding so will probably make do with merely reinvesting the divis.Tb - keeping the faith
Rhigos
10 Nov 2017
Appear undervalued GFRD shares from fundamentals look cheap.Forecast yield is a very attractive 8.3% forecast div cover ×1.7.Forecast PE 7.0 and pre-tax profits forecast to rise 191%.ROE 23.0% and ROCE 11.2%.Cannot understand why GFRD so undervalued, as an income stock it looks like a strong buy and profit growth suggests SP will rise. I know they made mistakes in the past with fixed price contracts for construction work but that is all behind them now and they have made it clear they will not do more fixed price contracts.From CSS:Galliford Try continues to see good market conditions across its three businesses, shareholders at today's annual general meeting will be told. Chief executive Peter Truscott will say: 'Linden Homes has enjoyed average sales rates of 0.62 units per site per week since the start of the financial year (2016: 0.56 for the equivalent period), providing a good in hand position of sales reserved, contracted or completed of £652 million (2016: £614 million). 'Linden Homes has a landbank of 11,200 plots (2016: 11,430) with land opportunities remaining positive. 100% of land required for the current financial year is in place and 93% of land is secured for the financial year to 30 June 2019.
Our Haven
10 Nov 2017
Re: unknown unknowns? Bit clearer today given the solid numbers issued. Would expect a positive response to the share price. AGM Q&A may shed light on the construction side, as ever Linden Homes looks great.
pearlsasinger
09 Nov 2017
Statement of 13th September last If the below statement is a correct assessment - perhaps we should be wading in ahead of tomorrow's AGM?? The CEO stated (just 8 weeks ago):"Entering the new financial year, we remain cautious about the impact of the current political uncertainty and the medium-term outlook for the macro economy. However, all three businesses have clearly defined plans as part of our 2021 strategy, providing the Group with confidence in its ability to deliver a strong performance even in a period of lower growth in the wider economy. Our strong Group order book and disciplined approach to land acquisition and contract selection provide us with solid foundations to deliver further growth in FY 2018."
bt man
09 Nov 2017
Re: unknown unknowns? threat and actual increase of interest rate rise already having an impact on house prices?
Our Haven
05 Nov 2017
Re: unknown unknowns? Perhaps some of the unknowns will become knowns with the update later this week. What that will do to the share price is of course unknown.
Einstein the Second
04 Nov 2017
Re: unknown unknowns? Perhaps a few worries about the construction side, that there may be moreexceptionals arising from legacy contracts ? Also, construction margins are waferthin, so very subject to unknown cost increases. But as regards unknown , unknowns,who knows ?simplywall.st have a DCF value for this company of over £60, and the next 5 years estimated cash inflows cover the current share price. I am staying with this one.
Andinvestor
03 Nov 2017
Re: Fall Thanks, missed that one.
pearlsasinger
03 Nov 2017
unknown unknowns? Is there something scary hiding inthe long grass here??Share Price seems irrationally cheap.(holder-nervously)
Our Haven
27 Oct 2017
Re: Fall Therefore it is 3% overdone on the dividend but the sector fell on uncertainties.
Our Haven
27 Oct 2017
Re: Fall Yes to the 64p or around 5.1 odd %
lotcangorong
27 Oct 2017
Re: Fall Is the div not 64p?
