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Maybe the yanks will save the day should be about £1.50 I would of thought!
Maybe no one is believing the big spend program , boris has been economical with the truth sometimes!
Good luck all
Patience needed..everything is all over the place..Ive watched PLUS500 after storming updates showing x4 increase in revenue, sitting on $600m+ cash and its gone down 14%!
This needs months to stablise but headed in the right direction and clearly well run
Yeah it's exhausting. It was over 150p end April, 133p last month. Positive RNS and it's hovering just above 100p. Something's not right
Seller definitely still there could still have millions to off load. Anyone selling at these prices must be desperate for the cash. Crazy you could buy this Company with its own cash and still have plenty left in the Bank.
Back to normal, up thirst thing then gradually down for the rest of the day
Very very impressed by that update.
Yep I can see a very big move here today
Looking good here heading 120
Just opened 107...I have DMA
L2 still saying closed. In auction 8.04am
Hardly any volume at all @ 107.46..maybe when it opens it will move more?
Is that all?
Will be interesting to see the markets reaction. You would think it couldn't go any lower and perhaps this is the time to invest. After all we are supposed to be building our way out of this crisis .
Bidding at 108 in pre market auction
>5% operating loss expexted though - that's about a £50-60m hit I think...
That is the problem with any business that runs on such a low operating profit (4.08%)..any exceptional circumstances and you are straight into loss. However this is clearly a well run business with FCF and minimal net debt. Who can gauge market sentiment at the best of times though?
Better than expected update. We cant ignore the fact covid had an impact for a few months. Its impacted all walks of life...
The rest is very encouraging. £195m cash no debts or covenants (i did say last night) mcap ridiculously low at £110m
Huge order book with margins set to increase.
The share price Right now has priced in Doom and gloom. This trading update is massively better than expected. The company is very well positioned to see it through this time. The worst is past us & the company is in a great position. Now the share price needs to reflect this and get back to decent levels. I think the dividend could be reinstated sooner than people think
Encouraging update on the whole. Particularly pleased to see they are maintaining high cash balances (but as I said yesterday, a good chunk of this will be needed to meet ongoing liabilities - it's not all excess cash).
5% operating loss expexted though - that's about a £50-60m hit I think...
Will be very interesting to see what the markets make of this. I think its very positive but Reuters already putting a negative spin on the end..
Galliford Try - Order Book Up 10% At £3.2bn (2019: £2.9bn) With 90% Of Revenue For New Financial Year Secured
Galliford Try - Has Initiated A Number Of Other Actions To Reduce Costs And Conserve Cash In Business To Account For Both Impact Of Covid-19
Galliford Try - Combination Of Site Closures And Reduced Productivity Significantly Reduced Revenue In Final Quarter Of Financial Year.
That's the update everyone was waiting for. For me it was a fantastic read. Long term this will be back over £2.
Should be at least 120 by 4:30pm, imho
It doesn't make any sense. We should be near 200p given cash on hand, 90% of the FY order book is secured and 81% revenue is from govt agencies so minimal COVID impact.
Come on Galliford show us what you are made of!! 150p today please.