Member Info for karv1

Not bad if you removed the 40 million pre exceptional and the 30 million they said they putting through normal losses on construction.
linden 160m partnership 34 million plus ppp 4.5 million 198 million total if construction is now sorted and makes 10+ million we be on 200 million plus. Why do we need bovis.

depending on information tomorrow and dividends ect I think I will be voting no for merger with present information, With my share holdings not that it will make much difference.
If GFRD results are good then why take the risk with bovis id rather wait it out with my 12% dividends on 2 x cover.
If the results are far worst than been made public then we been misled a lot and might want to take that offer. With my share holdings not that it will make much difference.

I’m not sure about this offer.
Will have to see how well the Bovis share will do over the next month already it is down 5% our share value is worked out at 1059 it is currently 1003 , what happen if it drop 20% what happens if the day we all get our shares many people sell and it drops 20% .

Don,t GFRD get 300 million as well with little debt
So we get near same value in Bovis shares and keep gfrd construction with 300 million cash if I have read it correctly
Costain. Similar size to gfrd construction 175 million value with like 70 million cash
Gfrd. Construction Similar size. To costain. Value? With 300 million cash if I have read it correctly

Looking good so we get 0.57 Bovis share s and lose linden. Partnership but keep gfrd construction with 300 million cash and no 100 million debt total value of 1.075 billion sounds messy but very good

Year ended 30 June 2018 (audited)
Profit before taxation linden homes 137.1m partnership 18.4m construction building 10.6m construction Infrastructure (46.1)m construction total (35.5)m PPP Investments 7.1m central 16.6m total 143.7m the tax 25.4m
118.3m final total.
What I am going to be looking for, as a guide for the 2020 period is profits from 2019 results. Linden and partnership is what I will mainly focused on and if construction is sorted out it will help the 2020 results. For now I am counting it has 0 for 2020 , we all know there are going to be big losses on exceptional payments on the construction side.
I don't really understand these in great detail: PPP Investments 7.1m and central 16.6m. Also watching overall debt and dividend pay out , although I am in two minds on dividends; it's nice to have, though part of me thinks I would rather have smaller dividends and less debt until they're sitting on a cash pile.

The week is looking good after a rough start and only few more working day until the results . 7 weeks down 22 months and 1 week to go for 900 sp target we are heading the right way.

I feel in the last week the share price is starting to feel more positive , tho is still very volatile ie today I thought it was heading south at around 1%+ down then it took an amazing turn around to finish up 2.7%. I suspect the dividend will pull people in over the next month or so. The trade volume i have noticed is only around 50k to 60k in share volume by mid day, many small buys and sells hope we get some big buys in the coming weeks maybe after the results and of course 22 months 3 weeks to go for my 900 sp target.

Gfrd is ripe for a take over , tho I doubt it will happen .I do not understand the take over rules but if I was psn or bovis or another builder with spare 200 to 300 million in cash I would buy GFRD stock on the open market cheap until I built up a stake.
I still believe that GFRD will make 900+ on its own and a lot of people are going to make a lot of money on GFRD .
Did,t Warren Buffett say best time to buy is when fear is driving a share price down and then hold as long as the fundamentals are sound.

It has not been a great week for many stocks and terrible for GFRD it still has a lot of fear attached to it compared to other house builders I think time and good results will fix this , lets hope next week will be better oh and 1 month down 23 months to go for my 900+ sp
On a side note 30m exceptional payouts will be classed as operating costs , is this so they don,t have to pay out so much in dividends or to make the following year look better?

copy pasted /2. Exceptional items of £40m recognised in the year include £30.4m reported in the half year to 31 December 2018 and £10m arising from the reorganisation costs and write-downs reported in our Trading Statement on 21 May 2019. The remaining £30m write-down reported on 21 May 2019 has been recognised in operating costs.

I agree with thorpyuk profits will raise the share price . I am still predicting 900+ by mid july 2021
2 weeks down 23.5 months to go.
patience is required and steady nerves.

I would of been happy with the 850 bovis offer but i guess many other would not have been.
The CEO must believe we are worth more and bovis thought they were getting us cheap at 850 which suggest to me as i posted before i reckon we going to break 900/ 1000 over the next few years , we just need to be patience .

Even better than I thought then , I did wonder why the CEO was looking forward to next year so much with this over hanging. thorpyuk what you are saying does make more sense. So we could be looking some where near 2018 Profit from operations before tax of 213 million with little to no exception taken out in 2019/20 , on valuation of just over 700 million.
as long as the country does not fall of a cliff in 2020

I can only see this stock going up over the next few years with a few bumps along the way.
How many other stocks are paying 10%+ dividends on 2 x coverage with huge growth possibilities.
Debt is not to high and should go down next year tho i am guessing will go up after the next dividend is payed.
Shame they did,t get the The Aberdeen Western Peripheral Route sorted would hate for this to drag out for another year, i suspect GFRD wanted to settle before the final results but the client wanted a lot more than GFRD wanted to pay hence the wording significant claim is on going.
If bovis is worth 1.4 billion on 168 million pre tax profit.
what Will GFRD be worth with 190 million pre tax profit next year or year after? currently 700 million .
I suspect they payed 30 to 40 million for Strategic Team Group this should help future profits.

A fairly stable report GFRD looking good for the future only 1 last big bill they got to sort out hoping that goes well or it will eat in to next year profits

The group is now understood to be considering a possible demerger of construction from the more profitable housing and partnerships business with a possible time frame of 2020/21. small interesting part from link if true will help sp in medium term https://www.constructionenquirer.com/2019/07/12/galliford-try-infrastructure-chief-exits/

Time will tell if I am right , risk v reward .
with the information I can see I view risk as low and reward as high , other people may come to a different view .

I predict GFRD will be 900+ per share by 2020 final results and over 1000 + per share by 2021 final results, if no negative news comes out over the next 2 years other than what we all ready know. If i am right we could be looking at 50% to 60% return excluding dividends.

28 Feb Bovis Homes Group grew pre-tax profits by 47% in 2018 to £168.1m on revenue up 3% st 1,062 million , cash 126 million and value 1.4 billion
v GFRD last 6 month 84 million x 2=168 million if was full year pre exceptional tho debt -40 million and value 700 million , I know this year is a wipe out but once all the construction stuff has been sorted out ..
Next year you will have 2 companies making 168+ million pre tax tho 1 value at 1.4 billion and 1 value at 700 million either Bovis price is going to drop a lot or GFRD is going to go up a lot.

Hi does anyone recommend any level 2 services that are not over priced . and or have best multi line streaming of live prices, i use to use moneyam until they stopped it .
This site seems to have a level 2 does anyone use it, it seems fairly cheap is it any good ?
at moment i am having multi tabs with goggle live prices and its is messy lol