Member Info for skippy999

2 years from 160 to 260p. 63% McColl rise vs 80% + Breedon. I am missing something?

Among mid caps, UK construction services firm Carillion will be relegated to the small caps, along with Northgate and Petra Diamonds. The changes will be implemented after the market closes on September 15, taking effect at the start of trading on September 18. Down price, downgrade GLA

I really don't call an 80%+ rise in 2 years boring. The charts speak for themselves for this well run, ambitious company. GLA

Investors Chronicle magazine publication.

Still waiting!

Very bullish report in IC this week. I'm in at an average of 117p, and will hold to see what transpires in 2018. GLA

At last some realisation that this company was under-valued and has a good future ! Thanks for the post re the land - GLA

I am not convinced this has bottomed out yet, and see further falls. Talk of 2018 is fine, but a lot can happen between now and then, and the rand continues to strengthen against the dollar. My guess is 80p as a min.

Any ideas why the very nice 10% + rise?

I agree with your comments on the results, and progress to date since IPO. Whilst they are far from unique, they are also small enough to react to changing market conditions, price accordingly, and hence keep busy. There are not barriers to entry for the type of work they do, but there can be significant timing issues re tooling and staffing up. I know from my own experience, that many European workers are being out off coming to the UK, mainly due to the poor exchange rate when they convert their earnings back to euros. Given a busy outlook, contract prices are likely to rise, and hence margins. GLA

Well, I have taken the chance to buy in today, only to lower my average. This could be a relatively long wait to see a recovery in the SP, but trying to predict this share is anyone's guess, and a couple of good finds could ramp the price over-night. The fundamentals seem good, but the strength of the rand could pose a problem given a weaker LT dollar in 2017/8. GLA

OK so the short list is out. Does anyone know if Van Elle were part of an un-successful consortium, and if so which one? The footnote on the commentary I read, says that stations and other rail infra will be tendered later, so not all is lost, if at all. GLA

Not big enough to act as main contractor on any single part of this IMO. Loads of groundworks, and almost bound to get some of it, as you say, as subbies. GLA

Any news that we are missing?

a before e except after c!

This is drifting down, could do with some more positive news, IMO. GLA

Thank you gents-appreciated. A nice find would also go down well, but overall results and outlook are far more important. GLA

Lovely rise today! GLA

I've been trying to catch the falling knife here. Any views when this will bottom out?

You have the same background as myself, waste, MRF. I was in it for 20 years and learnt the "art" of adapting quarrying gear, trommels, screens etc, to separating mixed waste. Crushing and selling 2nd grade aggregates was a bye product of the operation, and gave additional profit. Difference with the pure quarry boys is the volumes they deal with, given the fixed overhead of their operations - hence, margins are tighter. IMO you have made a sound investment. GLA