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PIE-EATER. With the greatest respect I couldn't disagree more. What did you expect - a miracle? Sadly this isn't Fevertree but a low-margin, own-label tissue producer. There is only so much that can be done in the ST, particularly around topics such as the forward FX contracts. That being said and taking into accounts all the limitations of the business model I think the CEO gave comfort that the ship is being steered in the right direction. IMHO anyone who stayed the course so far would be mad to sell at this point. Barring any further exogenous calamities (GBP collapsing, reel prices rocketing further) there is some significant upside risk here. Bear in mind the business that EBITDA in the previous 2 years was c. £15m. At the current level the business is trading around 3x that figure. Assuming a mid-term recovery back to this level would make the current valuation a bargain. Is it high risk - absolutely. But we know that. Has today's announcement increased the level of risk. Absolutely not...
"the management" that have been rolling us for nearly 15 years... I wouldn't worry too much about their feelings until they show us some real profit or SP value!!!!
This was bound to plummet at some point as Captain Kirk misled investors at the AGM.It would not surprise me if he is forced to resign.
Wishing you a speedy recovery Anovas. You will be back right as rain in no time.
Galliford Try plc 31.1% Potential Upside Indicated by Liberum Capital Posted by: Amilia Stone 18th January 2018 Galliford Try plc using EPIC/TICKER code (LON:GFRD) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Galliford Try plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set their target price at 1550 GBX on its stock. This is indicating the analyst believes there is a potential upside of 31.1% from today’s opening price of 1182 GBX. Over the last 30 and 90 trading days the company share price has decreased 68 points and decreased 171 points respectively. The 52 week high for the stock is 1592 GBX while the 52 week low for the stock is 1134.72 GBX. Galliford Try plc has a 50 day moving average of 1,231.11 GBX and a 200 day moving average of 1,296.17. There are currently 82,891,686 shares in issue with the average daily volume traded being 261,095. Market capitalisation for LON:GFRD is £977,292,978 GBP.
The falls overdone in imo. Id be topping up if i had the spare cash
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Many will be selling now as they now see Captain Kirk totally misled them with his statement at the AGM. With no news after a month from the AGM they have had enough.You cant blame them.