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Results due this time next week - 16 September. Typically move up before the results and drop back when they are actually announced! With the Linden disposal behind us perhaps will see an appreciation of just how strong the company is - surely £2 is within sight.
From half year report -Pre tax profit £4.1m -dividend 1.2p
"Consistent with this approach, the Group expects dividend per share to increase with earnings, with dividend cover expected to be in the range of 2.0-2.5 times earnings. Taking into account the Group's available cash resources, the Board will continue to review opportunities to further reduce the dividend cover in the future."
Full year pretax profit likely to be £11m or better which with the strong balance sheet giving a final dividend, if on the same basis as the first half, of perhaps 2p. But given the comments above, a 3p final making a total of 4.2p would only cost £4.7m for the year which is affordable and would help improve the share price.
I’d be disappointed with 1.2p as a final dividend. Company doing well according to the last trading update, debt free and sat on a stack of cash. I’m hoping for more than 1.2 p.
Ex dividend date 4th Nov, payable 9th Dec, probably 1.2p again, tho announcement is supposed to be on 9th September.
Does anyone have any expectations on the next dividend?
After all the gloom on the way down last year, finally the price has doubled for me. 70p was indeed the low and for those that added well below the £1 ....happy days. Personally I let around half go today.....freeroll time and zero risk suits me.
Well done all the LTH who were posting on here last year!!
52 Week High 177.00
52 Week High Date 26-Aug-2021
52 Week Low 70.00
52 Week Low Date 03-Nov-2020
The market seems to be finally discovering Galliford Try. 172.9p paid but should be over £2. Valued at only £190m which is less than the cash on the balance sheet of over £200m plus a portfolio of PPP assets, no pensions liabilities and no debt or associated covenants.
Results Sep 16th, looking back it seems to traditionally drop after results?
Has taken longer than I expected, but finally moving upwards. Still massively undervalued in my opinion.
Yay, I’m in profit for the first time since Gfrd sold off half its business to Vistry. ISA has been in profit for quite a while but bought additional in non isa account. It’s been a long time coming, but I had faith!
Spent a couple of weeks trying to push through the 160p level. I fancy it will soon and then start to move about smoother. I can see this at the 180p level by the final results in mid September.
I spoke too soon lol.
I’m interested to see where this can get to in the next couple of months. Particularly interested in what the final dividend might be and also what plans there maybe for the large cash pile the company is currently sitting on.
£1.60 gone hopefully forever. Fingers crossed.
GT was multiples of the current SP back in 2019 but that was prior to disposal of their housebuilding business. The new business is much smaller entity now.
Holdings RNS out today may explain a bit.
It doesn't take a lot to confuse me but I am confused by the Google chart on this - I could of sworn unless I am going mad that the charts showed the GT share price as many multiples of the price today but when I look now the highest price ever is only around 175, can someone please explain this? thanks
OK, somebody sells 1% of the company today ie 2m shares and the price goes up. Does that mean MM's already had ready buyers for shares? Less than 3% so we can only speculate whether it was a former director or an institutional investor sale or whether we'll be told.
Suggest there is a reason for Gallifords to have high cash/non working reserves and Mr Market knows that and sets the share price accordingly. I'm just not clear as to whether Gallifords sees itself as a growth or value company in a very competitive construction market.
https://www.fool.co.uk/investing/2021/07/14/my-5-uk-shares-to-buy-now-with-5000-2/ They also mention the valuation of company in relation to funds in bank.
ility and high quality order book. Galliford Try. “The Company is now in a very strong financial position and well placed to meet its 2021 objectives.'' Full year results on 16th Sept.
As below posters have stated this should be at a different price level. Poor markets are not helping at the moment.
“ and, in addition, the Group has a portfolio of PPP assets, no pensions liabilities and no debt or associated covenants. “ with full year profit before tax expected to be towards the upper end of the analysts' current range. The range of analysts' estimates for profit before tax for the year ending 30 June 2021 is £9.0m to £11.2m
Amazing trading update!! Net cash increased to £215m. Our market cap £164m currently. Never in my entire trading life I have seen such disconnect between the sp and balance sheet. Its bonkers!we need to be 200p+ territory at the least!