Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGalliford Try Share News (GFRD)

Share Price Information for Galliford Try (GFRD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 236.00
Bid: 233.00
Ask: 236.00
Change: 5.00 (2.16%)
Spread: 3.00 (1.288%)
Open: 236.00
High: 236.00
Low: 231.00
Prev. Close: 231.00
GFRD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Van Elle set to meet expectations; completes Rock & Alluvium purchase

Fri, 01st Dec 2023 12:14

(Alliance News) - Van Elle Holdings PLC on Friday said results for the half year ended October 31 are in line with its expectations due to a "resilient" performance, and announced the completion of its acquisition of Rock & Alluvium Ltd.

The Kirkby-In-Ashfield, England-based ground engineering contractor said it expects to report revenue of approximately GBP68 million for the first six months of financial 2024, a decrease from GBP80.8 million a year ago. Meanwhile, it expects its operating margins to be consistent with the prior year at 3.9%.

Van Elle added that its balance sheet remains strong, citing net funds of GBP8.9 million as at October 31.

Looking ahead, it said that it expects its full-year results to be in line with market expectations, which forecasts an underlying pretax profit of GBP5.0 million. Last year, Van Elle reported pretax profit of GBP5.4 million.

On Friday, Van Elle also announced that it had completed the acquisition of the entire issued share capital of UK-based piling specialist Rock & Alluvium from Galliford Try Holdings PL, for total consideration of up to GBP3.8 million. The acquisition was first announced in late October.

Van Elle had said Rock's piling rig fleet complements its existing capital investment programme. The consideration comprises of an initial GBP1.8 million payment followed by a deferred payment of GBP2.0 million payable 12 months from completion. Payments will be satisfied through its existing cash and banking facilities.

Van Elle also says it has entered a five-year trading agreement with Galliford Try, which it expects to generate over GBP10 million in revenue per year.

Shares in Van Elle were down 1.1% at 36.10 pence each in London on Friday midday.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 Jan 2022 15:01

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
9 Dec 2021 19:28

IN BRIEF: Galliford Try wins UK education construction deal

IN BRIEF: Galliford Try wins UK education construction deal

Read more
9 Dec 2021 11:10

SMALL-CAP WINNERS & LOSERS: Go-Ahead stopped by rail contract "errors"

SMALL-CAP WINNERS & LOSERS: Go-Ahead stopped by rail contract "errors"

Read more
3 Dec 2021 16:06

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
12 Nov 2021 14:21

Galliford Try performing well despite inflation and supply chain woes

Galliford Try performing well despite inflation and supply chain woes

Read more
12 Nov 2021 10:54

SMALL-CAP WINNERS & LOSERS: Avon Protection plates face approval delay

SMALL-CAP WINNERS & LOSERS: Avon Protection plates face approval delay

Read more
12 Nov 2021 08:05

Galliford Try 'performing well', confident of meeting FY objectives

(Sharecast News) - Construction firm Galliford Try said on Friday that group operations were "performing well", with margins in line with internal expectations.

Read more
12 Nov 2021 07:58

LONDON MARKET PRE-OPEN: Astra revenue up; Wood reviews Consulting unit

LONDON MARKET PRE-OPEN: Astra revenue up; Wood reviews Consulting unit

Read more
5 Nov 2021 16:11

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
4 Nov 2021 16:04

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
12 Oct 2021 13:52

EXECUTIVE CHANGES: Carr's CEO departs after 9 mos; Vistry CEO to stay

EXECUTIVE CHANGES: Carr's CEO departs after 9 mos; Vistry CEO to stay

Read more
7 Oct 2021 22:08

TRADING UPDATES: Marlowe buys; Galliford snaps up nmcn's Water unit

TRADING UPDATES: Marlowe buys; Galliford snaps up nmcn's Water unit

Read more
6 Oct 2021 21:54

TRADING UPDATES: Galliford signs LHC deal; Polarean turned down by FDA

TRADING UPDATES: Galliford signs LHC deal; Polarean turned down by FDA

Read more
6 Oct 2021 07:28

Galliford Try appointed to £1.6bn public sector framework

(Sharecast News) - Construction group Galliford Try said on Wednesday that its building business has been appointed to the new £1.6bn LHC Public Buildings, Construction, and Infrastructure PB3 framework.

Read more
16 Sep 2021 12:18

Galliford Try reports full-year profit ahead of own expectations

Galliford Try reports full-year profit ahead of own expectations

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.