Galliford Try - GFRD Stream Log

Not a good idea to hold onto failing or failed shares. It's a better strategy sell them and put the money into something with more promise. Out with the old, in with the new. If its going nowhere whats the point of keeping it. I sold the dogs and bought sirius minerals SXX at .23 and theyre now at .28 and rising. L8ng term hold hoping for a big profit on this. Worth putting some pennies into imo dyor etc.

GFRD is about 50% of my portfolio bcos ive been averaging down. Risky I know and hope im right to have such confidence in the company. Im break even at about 11.40 now and quite happy to hold for the next 2 or 3 years at least and soak up the generous divis while waiting for an opportunity to sell at somewhere between 15 and 16. Does anyone know if the rights issue is for all investors or just the big manipulators?

I agree you might be just a tad over diversified at 43 holdings and if your saying that GFRD is 14th largest at around 1k then dealing costs must seriously eating into your profits. I dont think theres enough hours in the day for me to keep check on 43 holdings. I think 10 or 12 would be my max but 8 or 9 more manageable.

From Construction Enquirer... Galliford Try has taken on two Carillion directors to strengthen leadership and drive growth at its highways business. Duncan Elliott, who previously headed up Strategic Highways with Carillion for nine years, joins as managing director of the Highways unit within Galliford Try’s Infrastructure Division. His experience also includes 16 years in various roles with Alfred McAlpine to operations director level. Former Carillion directors Duncan Elliott and David Bates join Galliford Try Galliford Try has also appointed David Bates as commercial director for Highways. He also joins from Carillion where he held a similar role. Nick Salt, Managing Director of Galliford Try Infrastructure, said: “We’re in a position to provide a focus and resource to our clients that can’t be matched by some of our competitors who are committed to major programmes such as HS2.” As a Collaborative Delivery Framework contractor for Highways England, Galliford Try is currently engaged in the Smart motorways programme on the M1 in joint venture with Costain. Galliford Try has also recently started work for the same client on a £24m contract to build a new junction on the M49 near Bristol and is progressing the Lincoln Eastern bypass under the Midlands Highways Alliance.

...Theres no point in hiding problems. The truth will out sooner or later so why not be honest and up front about it.

I guess we'll find out soon enough how much that will cost. Don't see it as part of the recent problems and I guess beyond the control of the present board. Last thing we need now is more bad sentiment. I hope they've already made provisions in the present fund raising. I'm still positive about the future of the company but we can't keep having problems. We need continued good news now for a couple of years for the share price to recover. I think better communication to investors (all investors, not just the big institutional ones) would be good. There's nompoint in hiding problems

No large pension "deficit" i meant to say.

Margins in construction are unsustainably low, thats why so much debt for the big companies. Galli price has collapsed mainly because of Carrillion effect and others now struggling with debt plus their own past poor judgement in construction division but with their relatively low debt and no large pension surplus plus other divisions doing well, if they keep their discipline, they are well placed to take advantage of an increase in margins. Thats why im happy to hold and would be buying more at this price if i had the funds. Just my opinion and time will tell wether im right or horribly wrong.

Maybe because theyre good value now and people will be buying a few up to the divi pay out. Ex div mid March

...sons for optimism if the board pull their fingers out.