.............Because i thought it would be rather a smart thing to do, of course..............
Greenfield (GFC) might be called a load of cr*p.........

.........but GFC is actually a very smart little company. They reversed into one of the many AIM cash shells late last year. They are a groundworks business, laying foundations for buildings, doing sewer connections and topsoil removal and excavation work. Heady exciting stuff of course.
Last year's pre-tax profit was 480k and in the first four months this year, business is reportedly 40% ahead of the same period last year. Among clients are builders like Bellway, Barratt and Wimpey. At 14p the market cap is a decidedly understated 4.5 million trading on about a miserly prospective p/e of 8. They are about to move to a premises no less than eight times the size of their current HQ, and expect to grow both organically and by acquiring companies in related businesses, such as landscaping and surfacing.
Also at present it is a regional player, but its customers are national, which will enable significant further expansion.
One of the best acquisitions by a cash shell for some considerable time, I reckon the shares should be at least 50% higher.

You know what they say, where there's muck, there's brass! Buy at 14p.

Ethel i invited GF to p-m me on another board if he had concerns. As i confidently expected he did not reply, which confirms absolutely to me he is determined to talk these down and buy in himself. His only 'concern' imho is to see a lower price first.
Longer term uptrend tested and stayed intact nicely Friday.

Hawick,
Yes, I bought in a few weeks ago.. small time. However, as is usual, when I go in on a share it promptly goes down ! lost about 1.5p so far.. will have to consider getting out at a stop loss soon if carries on this way !
Anyway still consider this to be a med-long term share and expect GFC to double by end of year, if not sooner.

Skyhigh if you believe in the company that much, why sell to find a different bagger! I added this week - balancing down not my favourite strategy - (despite Cheltenham's distractions!). Not having any pop at you atall, but I think this need for instant gratification these days is a problem bulletin boards have created by raising expectations way too high.

Post 19 total tosh. Some people dont recognise help when it stares them straight in the face.

cheers GF.

Who offers more, Goldfinger or Investors Chronicle - you decide.

GF managed; with that ever analytical eye:

"total tosh."

Whereas IC managed:

"GREENFIELD CONSTRUCTION (GFC)

12p - Aim - Next month, groundworks specialist Greenfield Construction is due to move to new premises eight times the size of its current site. It is a signal of the ambitions of a management team that hopes to build a much larger group by acquisition. And with a record order book already, plus a healthy pipeline of future business, Greenfield is worth a closer look.

Although founded in 2001, Greenfield is new to the stock market. Based in Sutton-in-Ashfield, it was acquired by shell company Hightower last November for 1.8m in cash and shares. The deal was a reverse takeover and led to a name-change.

Its groundworks business carries out the removal of top soil, sewer connection, excavation and foundation-laying. Clients include major housebuilders such as Barratt, Wimpey and Bellway, and estimates suggest that 90 per cent of builders now outsource their groundworks. Greenfield focuses on new-build developments, with contracts typically worth 1m over three years for about 90 homes. Contracts can span anything from four to 48 months.

Greenfield has a strong reputation in the Midlands and, as the company has grown so, too, have margins, thanks to improved buying. Construction workers are employed directly, and equipment is leased. Trading is strong, with sales in the first four months of the current year ahead by a chunky 40 per cent, to 2.8m.

Until now, Greenfield has expanded by word of mouth and due to the quality of its service. But, further out, there is the opportunity to expand geographically, in line with many of its national housebuilder clients.

The construction services market is highly fragmented so future acquisitions could, for example, include direct competitors or companies involved in road-resurfacing or landscaping. Greenfield trades on just seven times current-year earnings, and this falls to six times in 2006. This is a significant discount to the sector, and offers considerable scope for a rerating. Buy."

Tricky,careful now!!! :)

LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL.

Dear Scotland Im smashing them on their average gain this year , I suspect you may indeed be just scraping it. LOL LOL LOL LOL LOL LOL LOL.

cheers GF.

Not a word about the company from GF, as with all his posts in this thread which I invite others to read in isolation and report back what they have gleaned about GFC. It shouldn't take long!!!
When you are in a hole GF........

Unusual announcement yesterday....sales beating market expectations
...earnings 40% up, but due to new sites start ups and old site
conclusions, overall earnings won't meet market forecasts.

What's your views on the above then Hawick and GF?

HI paragon, Id forgotten about this thread on here. It was a profit warning. I did warn hawick but he chose to ignore my warning.

He now says on other boards there were positives well If hes meaning revenues forget it, the only thing the market is interested in is meeting of profit forecasts. You know what they say dont you................

profit warnings come in threes.

cheers GF.

Been following this,looks like Goldfinger got it right..JB.. ps hope he doesn't wake up with a horses head in his bed lol..

Following the statement which was a sort of warning only, even though I got stop-lossed out, I would be more inclined to be a buyer at this level. Plenty of good points in the statement. if it goes below 10p I will certainly buy back.
You've got to remember GF was guessing he didn't like it cos he knows some bird that works for a struggling competitor.

Thanks for your input folks....it will be interesting to see
what's said when the results come out

Anyone any ideas when they do come out?

Bow to the wisemans words... and maybe if u STILL wanna ignore him...open ur eyes and LOOK AT THE GRAPH!!! Only 1 way ... Downhill

July I reckon.... think the sp won't drop much further and should go up when results released... but ... i would say that wouldn't I as I bought a pile of Sh*t !
(not one of my best investments)

Good news at last today !... hopefully this'll slowly climb back to 14/15/p over the next 6/12 months... that'll be breakeven for me on my worse share (& decision) ever.. Anything on top of this will be a bonus!




Preliminary Results


RNS Number:5635Q
Greenfield Construction Group PLC
30 August 2005


For immediate release 30 August 2005


GREENFIELD CONSTRUCTION GROUP PLC
("Greenfield" or "the Company")

Preliminary results for the 10 month period ended 31 March 2005
Results reflect 17 weeks' trading at the Company's operating business

Greenfield Construction Group plc (AIM: GFC), the specialist outsourcing company
to the house-building and related industries, is pleased to announce its maiden
preliminary results for the 10 month period ended 31 March 2005.

Highlights

* Greenfield joined AIM on 1 June 2004 as a newly formed company under
the name Hightower Construction plc (AIM: HTW) to acquire specialist companies
providing services to the house building sector.

* On 7 December 2004, Hightower Construction plc acquired Greenfield
Construction Ltd, a groundworks specialist, and the Company was renamed
Greenfield Construction Group plc.

* Greenfield's turnover for the period under review was #2.7 million.
Pre-tax profit was #76,462 and earnings per share were 0.17p. These results
reflect only 17 weeks' trading at the Company's operating business, Greenfield
Construction Ltd.

* For the full financial year ending 31 March 2005, Greenfield
Construction Ltd reported a turnover of #8.7 million (31 March 2004: #6.3m), an
increase of 38 per cent. Pre-tax profit was #421,000 (2004: #301,000), an
increase of 39 per cent.

* Greenfield continues to seek and evaluate further acquisition
opportunities in line with the strategy stated at the time of the Company's
flotation.

Commenting on the results, Haresh Kanabar, Greenfield's Chairman, said: "I am
delighted with the Company's maiden results, which show the strong underlying
growth at our first acquisition, Greenfield Construction Ltd. This acquisition
marked the first important step in delivering our objective stated at the time
of our flotation of creating a significant group through acquisition to serve
the house building and related sectors."

Well, it's goodnight and good luck ! turn the lights out on the way out.
my 10 value will probably go down to 1.. if I'm lucky!


09/11/2006 10:30am

TEMPORARY SUSPENSION OF TRADING ON AIM

GREENFIELD CONSTRUCTION GROUP PLC

At the request of the company trading on AIM for the under-mentioned securities
has been temporarily suspended from 09/11/2006 10:30am pending clarification of
the company's financial position.