Market's view on Galliford Try

Published on April 2024

  • Galliford Try is set to feature in the MelloMonday webinar with a company presentation scheduled for 6:10 pm on 11th March 2024.
  • A stock watcher noted a significant spike in share price during the last hour of trading.
  • Positive progression in Galliford Try’s performance is acknowledged.
  • The half-year financial statement and results up to 31st December 2023 are available for review.
  • Expectations are set for positive half-year results, followed by an ex-dividend event the next week.
  • The company is described as quiet, which is appreciated by some investors.
  • Recent contract wins have been positively highlighted.
  • Galliford Try’s financial strength, with an average of £150m cash at month-end, is noted, and the stock is considered undervalued.
  • A strategic change in direction towards a broader business model is recognized due to two recent contract wins.
  • The company’s housebuilding division has been spun out as Vistry.
  • The balance sheet strength and revenue predictability of Galliford Try are commended, suggesting it is a safe investment.
  • Positive feedback is given for a recent company update.
  • Anticipation is building for an upcoming trading update, reflecting the consistent performance of the company’s shares over the past year.
  • An issue with the closing price quote discrepancy is identified, with expectations for a correction the following day.
  • Concerns are raised regarding the lack of detailed financial disclosure on the free cash flow and price metrics related to recent acquisitions, which might affect investor confidence.
  • A new acquisition valued at £7 million is considered a good strategic fit for Galliford Try, potentially broadening its client base.
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