Galliford Try Share Price (GFRD)

At this rate they will be back to what I paid for them in 1989. Almost as bad as a Pension Plan. Still the yield is O K

why has the SP not moved even after the recent contract award and positive forecasts????

These shares should be showing an upward trend over the last 3 months not the current showing??

http://www.advfn.com/p.php?pid=nmona&article=43522964&symbol=LSE%3Agfrd HIGHLIGHTS � Full year results expected to be in line with the upper end of market expectations.* � Net cash in excess of GBP75 million at 30 June 2010, significantly ahead of expectations (30 June 2009: GBP34.1 million). Housebuilding � Total housing completions of 1,705 units; 1,624 net of joint venture partners' share (2009: 1,825 and 1,769). � 10% increase in average selling price to GBP190,000 (2009: GBP172,000) � 25% increase in housing sales carried forward at GBP201 million (2009: GBP161 million). � 23% increase in total landbank to 9,600 plots (30 June 2009: 7,800 plots). � 56% of landbank secured at current market values, ahead of new land acquisition target and up from 36% at the half year. � Significant opportunities arising from leading position on Homes and Communities Agency's delivery partner panel. Construction � Performing to expectations in challenging markets. � Order book maintained at GBP1.8 billion (2009: GBP1.7 billion). � Excellent cash management across construction businesses. � Renewal of 5 year water frameworks completed successfully. � 77% of projected revenue for new financial year secured (2009: 67%). Greg Fitzgerald, Chief Executive, commented: "We are ahead of our target for delivering the transformational housebuilding expansion plan announced with the rights issue in September 2009. We have also maintained a quality construction order book in increasingly challenging market conditions. The strength of the group's finances and the spread of its activities mean that, subject to the economic uncertainties affecting our markets, we are well positioned to deliver our planned progress."

Galliford Try plc, the housebuilding and construction group, today issues its interim management statement for the period 1 January 2010 to the date of this announcement. Highlights: Housebuilding · GBP443 million of sales reserved, contracted or completed, of which GBP308 million is for the current financial year to 30 June 2010 (2009: GBP400 million and GBP288 million) · On track to deliver anticipated increase in completions during the second half · 60 active selling sites (54 at 1 July 2009) · Cancellation rates down to 15%, below historical average · Landbank ahead of target at 9,700 plots of which 50% secured at current market values (7,800 at 1 July 2009) · Increasing opportunities in Affordable Housing and Contracting Construction · Performing to expectations in challenging markets · Successful renewal of 5 year water frameworks · Order book stands at GBP1.8 billion (2009: GBP1.7 billion) Greg Fitzgerald, Chief Executive, commented: "We have seen a positive start to 2010 in Housebuilding and recent contract awards in Construction have further underpinned the resilience of our business in challenging markets. Although we remain in a period of economic uncertainty, the Group's finances are robust and we remain confident that we are on track to deliver our transformational housebuilding expansion plan."

http://www.building.co.uk/story.asp?sectioncode=29&storycode=3162690