Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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They have had an amazing rally way more than the rest of the market, and it may continue.
To answer the 200p question in my view.
1 It would be the track record of losses over 4 years even tho a few times now they have said things have improved.
2 It would be the cash position, which looks great on the front page and you would hope they would pay great dividends but when you look deeper on the balance sheet they can not.
Yes I have done extensive research since asking this question and have invested considerably in this share since. This is probably the highest investment in my portfolio now. I have contacted contacts within the Construction industry who's opinion I respect and carried out extensive research through other learning resources since my initial question. I believe the SP will increase but this is very much dependent on RNS news and confirmation the company is back in profit. Apologies if I offended you for asking the original question. https://simplywall.st/stocks/gb/capital-goods/lse-gfrd/galliford-try-holdings-shares
I hate to be critical, but basic info like why the SP dropped so heavily should form a basic part of your research. Asking on here isn’t doing research, it’s asking others to do it for you. Which is lazy given that this is readily available info.
Time to add. Jan update should see increased interest and if div returns then happy days.
It’s a frustrating share. On a day the FTSE is cracking on Gfrd drags along with no headway.
According to analysts' consensus price target of GBX 250, Galliford Try Holdings PLC (GFRD.L) has a forecasted upside of 122.1% from its current price of GBX 112.58. This is a buy with two major brokers. Debt free, big order book and very well positioned for when the UK government spend billions of infastructure. I think this is going North. Markets probably waiting for financial results for reassurance.
I just don’t get it.
Current mcap covered by cash
Thanks a lot RL38 - much appreciated. As stated a newbie on this company but it does look to be heading in the right direction from what I have read so far.
https://www.gallifordtry.co.uk/news/news-centre/galliford-try-completes-sale-of-housebuilding-businesses/
This is why the share price dropped in December 2019, it split off its residential business. So no it's unlikely to be hitting previous highs of 800p because it is a smaller business now.
Found the HS2 - phase 1. https://www.theconstructionindex.co.uk/news/view/winners-named-for-66bn-of-hs2-contracts
Looking to invest in GFRD as company now looks in great position with a healthy debt free balance sheet, great order book and bod shedding non profit sectors like house building. I am of the opinion the UK government is going to try to dig itself out of the recession and huge spending on infrastructure. Please could someone tell me 1. Has Galliford won any part of the HS2 contract . 2. Am I correct in thinking that the SP was 800 in Dec 2019 and if so why did the SP tank so much . 3. Does anyone think Gallifords can hit these levels again.? I hold shares in Kier ( which I won’t be increasing due to debt levels) and I also considering buying Costain but feel Gallifords look a great share pick. Any help greatly appreciated.
the motto will be back. Get the flagship infrastructure projects going to create jobs and kick-start economy. Strong business, growing order book, GFRD sitting on a huge pile of cash, declaration of dividends soon as well, . The cash value is 1.5 times more than the mcap. Ridiculously undervalued here. Buy buy buy
Potential Spending Review winners
Infrastructure is an area of the economy I think is likely to be boosted. The UK government is keen on the idea of levelling up regions and will very likely want to invest to help the economy. HS2 and Heathrow expansion are both examples of large infrastructure projects in the works. I think more investment in northern transport and roads could be announced.
More good news, Galliford Try have been awarded a 5 million + contract as part of the Building Business for West Midlands program, they are one of four contractors for lot 2 of the scheme. The order books are looking very good for short and long term.
Over 119 today. I think 150p is well in sight now.
over 116p is a recent high apart from the initial spike. Just settling down and going higher.
In December. Buckle up and get in now as stocks like these will fly in 2021 IMO
Great news and Holding up well again. Onwards and Upwards
Galliford Try, one of the UK’s leading construction groups, announces that its Building business has been appointed to the new £2.1bn Construction West Midlands Framework. Updated 18th November
We’re holding up alright here today so far when a lot of deeper red out there in the markets. Long way to go until close though!!
A big thing in securing government contracts will be GFRD strong cash position and no chance of going under.Last thing a government needs now is extra hassle with suppliers collapsing.
Some sizeable buys here today looking at GFRD share trades tab so good to see.
Plus the cash. Another thumping move up on Monday morning. The low of just 70p seems a long way away now but it is not of course. 60% rally since then.
I think I remember a Broker Note saying 160p. This I think is very possible in the coming year but I would not be suprised to see a bid land on the table. It will be the order book they are after.
Doing really well on GFRD? Yes? Please remember to support YOUR local foodbank this week with a few pounds. Look them up on the web; all now paid under Enthuse. No-one should go to bed hungry; not adults nor kids.
Cracking week for me on this stock! 105p. Wow. Please think about doing the same this week if you make a stack on GFRD this week. I think it is off to the races!
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