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Three firms appear to be short - Capital Fund Management, Squarepoint and Marshall Wace - ,though I have not noticed any recent changes in short interest. Some data is here https://www.shortics.com/galliford%20try%20plc
Short attack??
Is someone testing B' rock's resolve or are they all in it together?
Patience pays.
Just look at BOO in the last week.
Watch your stops.
C.
WINS has liquidity but quoting me 108.60 on a truck load
Cannot get a quote on even 1,000 shares, something funny is going on
What I am missing here?? Sound fundamentals, no debt and large contracts coming in even during lockdown??
Time to play with the order book...only WINS has liquidity
100.14...low for the year hit briefly today. Wow. Mkt is very nervy of these and the results next week. 138p just a couple of weeks ago. Will buy more if we see this spike down again.
Price is too cheap can’t get my head round it! Got to fly soon and patience is required. I got in at 116 and am having to be extremely patient with it. It will fly soon. It has to, it can’t stay this cheap forever, can it?
well even i'm in today. didn't expect it to drop this low.
People are selling at just 104p today.
Indicators for what is in store at GFRD on the next RNS.
Check out the latest Vistry RNS. The old GFRD housebuilding section is doing far better than expected.
Net debt dropped and material prices are low.
There is also a Covid Corporate Financing Facility as a safety net.
Sales are also up.
C.
31 Dec 2019 £225m net cash.
In 3 months to end of March some are guessing cash is £100m.
That is a burn rate of over £40m per month during parial lockdown with no income/profit received???
If you guess that then check your sums.
(Blackrock must be nearly out by now).
Watch the contract news more to follow.
My charts say get ready for a bounce.
Current Order book £3.2bn and staff on site say they have never been busier.
Tweet, tweet....
C
busy is easy, profit is hard.
The market suggests that no profit is expected anytime soon and cash will burn .
Still.....I meant they could.
O2B@C
At 31 December 2019 of £225m and anticipated average month end cash over £100m. Trouble is that was march, i wonder how much they have burnt through since then. So i would say they still have less cash than MC.
More cash in the bank than the Mcap.
Crazy Covid times...
C.
There is 108p. Seems no bottom at the moment. Just above the year lows now.
I've held this one since the TRY days. That was the original purchase. Before the Vistry split off I was getting an annual dividend equivalent to my original Investment!
Bought some more today as its just so undervalued right now. Have a feeling the coming budget's will have plenty of spend to tap into making this even harder to ignore at this price.
GLA
https://www.gallifordtry.co.uk/investors/financial-calendar/
Ammu where is the info there is a trading update please?
Cash and cash investments is £139m mcap
Is £125m. No debts .
Business is valued at minus £14mi its silly
“As a chartered accountant of england and wales ive never been accused of being boring ....”
Fell of my chair laughing at that.
The construction industry will lead the economical recovery and we will benefit. The order book is such that it count be attractive to a predator. We have a name and a low mc to a relatively high order book IMO we should have a valuation of at least £200m
As a Chartered Accountant of England and Wales with an extensive collection of Box Brownies, I've never been accused of being boring before, but hey! That's an interesting anecdote in itself. Anyway, I was trying to stimulate a debate on the different ways the market may/is valuing this share currently. Net assets don't seem to be the basis, as stated cash, at least January post-deal cash does not seem to be decider. Turnover measured by reported contract wins is seemingly not making an impact. So it may well hinge on margin, which itself could vary depending on the quality of claims and the PTR. I didn't intentionally deramp in the way I am not intentionally interesting. D
There is a trading update on the 15th however cash alone should cover the current mcap with no debt. No value attached to the business currently and billions in contract value
Where does it say there is a report by the company next week. Cant find it anywhere so suspect its bull.
Imo this is a safe looking bet. Cash and cash equivalents at £139mil, no debts no covenants at all. None, nada. Debt free. £3.5mil order book. Lots of contracts being won, they dont seem to rns ones below £25mil.
mcap just £125mil....
The bears dont mention the positives. Even the ones who try and kid you they hold...
Please advise me where it says a report is due anyone. Spoke to other holder and they dont know one is ??