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Our 31 Dec period end cash was £158m and current mcap is £163m. I expect the cash pile to increase from £158m and there is a cash to pay some of that as dividend!! Hope to see a strong update, increase in cash pile and a juicy dividend. Bring on tomorrow!!
I’ll be optimistic and go with 3p.
Good day today, let’s see what the results say in the morning.
What’s the thoughts on the divvy ..an interim dividend, so maybe 1.5 to 2p ?
i disagree - when the 23p interim divi was paid in March 2019 the company stated their policy was to pay a divi of 2 x cover i.e. 50% of profit. So a profit of £25m in the interims would enable this to be re-introduced.
Also now we have an asset 'lite' structure focusing on govt contracts there is less need for the Linden cash pile. Part of this could be re-distributed as a special divi.
Incidentally i didn't say it would be a 10p divi - i said we could easily afford it.
Let's see what Thursday brings
Shnadypants I think you are aware of the sale of big part of the company. There is no point of mentioning dividends in 2019 or are you also waiting for share to reach 800p?
10p dividend is dream which is not going to happen. 3p dividend would be massive success.
What is your point? The last divi paid in Nov 2019 was 35p and the previous interim was 23p. The year before divi was 48p. GFRD made a loss in both 2019 and 2020 (YE to 30/6) so they were prepared to pay decent divis even when profits were not being made.
Clearly this can't go on forever whilst company is loss making.
However, as Thursday will show GFRD is now profitable and sitting on a pile of cash.
10p equates to c£11m and company currently has £200m cash in bank
Dividend of 10p????
March 2020: Galliford insisted that it remains a "well-capitalised" business with no debt or bank covenants. Nevertheless, it is "prudent" to cancel payment of the 1p per share interim dividend announced on 12 March, it said.
£2 would be fair. Bought in at £0.90 and sold at £1 for a quick profit. Soon bought back again for a long term hold when looking at the numbers. My target is £2 and can't argue with the recent growth. Roll on £2
interim results announced next Thursday - 4th March.
We've already been told we are profitable and dividend will be re-commenced.
Last interim dividend in 2019 was 23p. Can't see it being that large but 10p would be nice and equates to a 7% yield. They can definitely afford it, current cash position is c£200m.
Hopefully will trigger a re-rate
Didn't get in as early as some folk, but i'm definitely in for the long haul - there's quite a bit of mileage left in these shares...
Nearly doubled on my last buy. Results next week. Looking good.
I sold mine today . Kind of lost whole one year with very little amount profit . When you look amount of contract they have , you would think the share price should have been around £5 -£6 .
Does anyone know when you pay dividends this year ?
Agree, most undervalued support service company out there and no debt!
this is massively undervalued IMHO, however, due to previous performance sentiment is damaged.
Hoping that the YE figures on 4th March will be the catalyst for a re-rate. They've essentially told us the dividend will be re-instated - however, this cannot be formally announced until YE figures are published. Only 2 weeks to wait and 150p will be the new floor
And from the last trading statement 'The Group has a PPP asset portfolio, no debt and its period-end cash at 31 December 2020 was £209m (30 June 2020: £197m).' what's not to like with only 111 million shares in issue. should be a lot higher imho, dyor.
GFRD is catching up today ,
131.70 GBX +4.72 (3.71%)
16 Feb, 08:21 GMT · Disclaimer
A most disappointing day. I suppose it's a matter of keeping the faith - "in GFRD we trust".
No logic compared to peers, yep ffs.
Markets are flying today...Gfrd is not ffs
Galliford Try have won another new 23 million contract to build student accommodation in the East Midlands, this should really be subject of RNS for shareholders.
At this rate, back towards 70P !! I started this rot by buying at 136.16, 20 minutes before end of play on Friday. Now look at it ! down nearly 9% in the last 22 hours of trading ! Have to wait till the dividend announcement in March, I guess.
What do you believe the share price will hit by the End of 21? After the supposed restructuring? Original goal for GFRD was 1.35 B in revenue after restructuring and employing 3000+ workers. - meant to of occurred in 2020. Pandemic ceased it at that time, so what’s the outlook for 2021? Considering there’s a huge backlog of work.
In February last year I was sat having breakfast in Lanzarote when this hit £2.00, what a year since. I still see this as a good long term investment
The Group has maintained a strong cash position, leaving us well placed to manage lockdowns and to continue to support the business. Average month-end cash for the six months ended 31 December 2020 was £158m (six months to 30 June 2020: £141m). The Group has a PPP asset portfolio, no debt and its period-end cash at 31 December 2020 was £209m (30 June 2020: £197m).
Market Cap £154m
Not seen the stock this high for yonks. The days of hitting lows every day are long gone. Holding from average below 100p and see no reason to sell. Dividends and growing cash. 3.3 billion in contracts ...no debt, no pension liabilities. 200p this year