Another Broker plus.....

Galliford Try PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities
28-05-09 BUY 24.00 4.43 1.45 19.00 3.51 1.45

Look what happens when you take your eye off the ball!

GALLIFORD TRY SELECTED ON 584 MILLION OF AFFORDABLE HOUSING FRAMEWORKS



Galliford Try plc, the housebuilding and construction group, has been selected as a partner on three affordable housing framework agreements totalling 584 million covering London along with the south, south eastern and eastern regions of England.

Another good day here.

Trying to breach 5 quid.

RNS Number : 4346I

Galliford Try PLC

15 June 2011

GALLIFORD TRY JOINT VENTURE SECURES GBP80 MILLION WATER WORK

Galliford Try, the housebuilding and construction group, announces that it has, as part of its GBM joint venture with MWH Treatment and Mott MacDonald, been awarded a suite of contracts worth GBP80m under its current AMP5 framework contract with Thames Water.

The largest of the schemes, worth GBP28m, involves the development of sludge treatment and storage facilities at three waste water treatment works at Camberley, Chertsey (both in Surrey) and Crawley (West Sussex) so that they comply with the Nitrate Vulnerable Zone regulations. The other major scheme in the suite, worth GBP27m, is to modify processes at Deephams waste water treatment works in Edmonton (north London) to facilitate the removal of phosphates and improve sludge treatment at the site.

Ultimately aimed at improving the quality of river water and sludge production, the schemes will be undertaken as part of the AMP5 framework contract with Thames Water awarded in April 2010.

Greg Fitzgerald, Chief Executive of Galliford Try, commented:

"We are delighted to secure this additional business from an existing framework client. It builds on our track record in delivering both clean and waste water infrastructure projects. Galliford Try is one of the UK's leading infrastructure contractors to the water industry, working under five-year asset management programmes as well as on single projects for seven of the country's major water utility businesses."

RNS Number : 8570I

Galliford Try PLC

22 June 2011

GALLIFORD TRY REACHES FINANCIAL CLOSE ON GBP50 MILLION HALTON BSF

Galliford Try plc, the housebuilding and construction group, announces that the Halton Transformational Partnership (a consortium of Galliford Try, Hochtief PPP Solutions and VINCI Construction UK) has reached financial close as the construction and investment partner undertaking the GBP50 million Halton Building Schools for the Future programme.

Following financial close, Galliford Try will carry out the redevelopment of The Grange School in Runcorn and the redevelopment of Wade Deacon High School in Widnes, in joint venture with VINCI. Work will commence in June 2011 and completion of construction is expected in April 2013.

Galliford Try Chief Executive, Greg Fitzgerald commented:

"We are delighted to reach financial close as a construction and investment partner on this significant project which reinforces our strong reputation and market position in the education sector."

RNS Number : 0952J

Galliford Try PLC

27 June 2011

GALLIFORD TRY SECURES GBP73 MILLION IN LONDON AND SCOTLAND

Galliford Try plc, the housebuilding and construction group, announces that it has secured two contracts totalling GBP73 million.

GBP50 MILLION SHETLAND GAS PROJECT

Galliford Try's Scottish construction business, Morrison Construction, has been awarded a circa GBP50 million contract by lead contractor Petrofac as part of the construction of a new GBP500 million onshore gas plant for Total E & P UK Ltd and DONG E&P (UK) Ltd in the Shetland Islands.

The works will be carried out on land adjacent to Sullom Voe terminal. They will comprise the construction of access roads, plant, foundations, underground drainage structures, buildings, and hard landscaping.

Work starts in July this year and is due for completion in October 2013.

Greg Fitzgerald, Chief Executive of Galliford Try, said:

"We are delighted to have been awarded this important contract with Petrofac, a new client for Galliford Try. We have a leading presence in the Scottish construction market and this project draws on the wide range of building and civil engineering skills we can deliver for our clients."

GBP23 MILLION LONDON RESIDENTIAL CONTRACT

Galliford Try has been awarded the GBP23 million contract to build Henry Moore Court, a prestigious residential development in west London, by developers Athos (Manresa Road) Ltd, a joint venture between the Athos Group and the Carlyle Group.

The new development, being built on the site of the former Chelsea College of Art on Manresa Road, features two luxury houses, 15 luxury apartments and eight affordable houses. Work is expected to commence on site in July 2011, with the development anticipated to be completed in December 2012.

Galliford Try Chief Executive Greg Fitzgerald commented:

"We are delighted to secure this project which is testament to our track record in producing prestige residential developments."

RNS Number : 2081J

Galliford Try PLC

28 June 2011

GALLIFORD TRY SECURES GBP40 MILLION CARE CONTRACTS

Galliford Try, the housebuilding and construction group, has announced two significant contract developments worth GBP40 million in the healthcare sector.

Firstly, the company has secured a GBP29 million contract to build the Hagley Road retirement village in Birmingham for the ExtraCare Charitable Trust. The scheme comprises a total of 240 mixed tenure units for the over 55s together with community facilities, including a village centre with gym, restaurant, library, shops and an indoor bowling green, as well as care facilities for the elderly.

The project will commence on site in October 2011, and is set for completion in September 2013. This is the fourth retirement village that Galliford Try has delivered for ExtraCare following the successful developments at Lichfield, Nottingham and Erdington.

Galliford Try has also reached financial close on the next stage of the South East Essex LIFT (Local Improvement Finance Trust) programme with two new schemes in Westcliff at Valkyrie Road (GBP5 million) and North Road (GBP5.3 million) for the South East Essex Primary Care Trust.

Galliford Try Chief Executive Greg Fitzgerald commented:

"We are delighted to secure the Hagley Road contract and continue our relationship with ExtraCare. This award is testament to our proven track record in delivering not only high-quality residential schemes but also the community facilities that make these self-contained developments a real success.

Similarly, we are pleased to be able to maintain our work with the South East Essex Lift, and look forward to building on our reputation for providing first-class health facilities throughout the country."

Excellent year so far!

And again today!

Housebuilding and construction group Galliford Try's new Chairman Ian Coull took over the role today (1 July) following David Calverley's retirement yesterday.

Coull has also been appointed as a member of the nomination and remuneration committees with immediate effect.

Trading Statement.

HIGHLIGHTS

-- Full year results expected to be in line with current market expectations.

-- Net cash of over GBP30 million at 30 June 2011, ahead of expectations (31 December 2010: net debt GBP31 million; 30 June 2010: net cash GBP75 million).

Housebuilding

-- Total housing completions up 27% to 2,170 units.

-- Average private sales price up 10% to GBP227,000 (2010: GBP207,000).

-- 23% increase in housing sales carried forward at GBP247 million (2010: GBP201 million) of which GBP173 million is for the new financial year, representing 29% of planned output.

-- 7% increase in total landbank to 10,250 plots (30 June 2010: 9,600 plots).

-- 70% of landbank secured at current market values (2010: 56%), with 100% of plots required for new financial year's production having detailed planning consent.

Construction

-- Resilient performance in difficult markets.

-- GBP1.75 billion order book maintained (2010: GBP1.8 billion).

-- Excellent cash management, cash in hand up on half year.

-- Major contract awards secured include GBP790 million Forth Road Crossing, GBP200 million United Utilities treatment works and GBP50 million Petrofac plant.

-- 80% of projected revenue for new financial year secured (2010: 77%).

GFRD galiford Try, looks like an ideal time to climb aboard. the disparity index looks fantastic on this one.




Fundys to back it up with aswel..........

Forward P/E of just over 9 going into 2012 looks too cheap imo.

Galliford Try PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
14-07-11 BUY 36.20 31.60 16.00 60.00 53.00 20.00
The Royal Bank of Scotland NV
14-07-11 BUY 35.23 30.73 16.00 60.04 52.96 22.00
Peel Hunt
13-07-11 BUY 34.75 30.16 16.00 60.01 53.56 22.00
Arbuthnot Securities
05-07-11 BUY 36.00 31.70 16.00 60.00 52.60 22.00
Numis Securities Ltd
05-05-11 BUY 36.00 31.10 16.00 58.00 51.00 22.00

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 35.63 31.08 16.00 59.72 52.73 21.55
1 Month Change 0.03 0.05 0.00 0.07 0.02 0.39
3 Month Change 5.06 3.79 2.18 0.45 -0.25 4.42


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS -67.64% 67.93% 69.69%
DPS -40.95% 46.79% 34.68%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 30.60m 40.72m 70.59m
EBIT 27.30m m m
Dividend Yield 2.21% 3.25% 4.38%
Dividend Cover 1.70x 1.94x 2.45x
PER 26.62x 15.85x 9.34x
PEG -0.39f 0.23f 0.13f
Net Asset Value PS 368.12p 590.17p 617.82p

Comment this morning from Pto TAer Zak Mir...........

Zak Mir



Reged: 28/06/07
Posts: 1893
Re: GALIFORD TRY PLC (GFRD)
#481566 - 20/07/11 08:32 AM Edit Reply Quote



At least while GFRD holds above its 485p 50 day moving average we should see a relatively easy progression towards a 2011 resistance line target of 550p plus

Healthy set of Broker analyst figured for GFRD showing the stock to be rather cheap at the moment.

GFRD


Date Broker name New Price Old price target New price target Broker change

05-Jul-11 Peel Hunt Limited Buy 516.00p 596.00p - Reiteration
29-Jun-11 Panmure Gordon Buy 506.00p - - Reiteration
02-Jun-11 Peel Hunt Limited Buy 471.50p 510.00p 596.00p Reiteration
25-May-11 Panmure Gordon Buy 446.00p 535.00p - Reiteration
16-May-11 Panmure Gordon Buy 447.00p 535.00p - Reiteration
06-May-11 Panmure Gordon Buy 443.25p 535.00p - Reiteration

RNS Number : 3191L

Galliford Try PLC

29 July 2011

GALLIFORD TRY WINS GBP23 MILLION DEAL IN DOCKLANDS REGENERATION

Galliford Try, the housebuilding and construction company, has confirmed that its joint venture with Notting Hill Housing Group has been selected as preferred developer for the Gallions Quarter development in Royal Docks, London.

Galliford Try will construct 170 homes in the second phase of the 700-home development, which also includes commercial and retail premises as part of a major regeneration programme of the area commissioned by the London Development Agency.

The contract will be worth GBP23 million to Galliford Try, with construction on the second phase set to begin in May 2013. Fellow construction companies United House and Durkan will work with Notting Hill on the other two phases.

Galliford Try Chief Executive Greg Fitzgerald said: "We are delighted to have been selected as part of the Notting Hill joint venture by the LDA for what will be a major regeneration of that part of east London.

This contract is further proof of the success of our Partnerships model which has seen us successfully enter framework agreements with a growing number of housing associations in the South East in recent months."

RNS Number : 8331N

Galliford Try PLC

08 September 2011

GALLIFORD TRY SELECTED FOR GBP80 MILLION LEISURE AND ENTERTAINMENT COMPLEX

Galliford Try plc, the housebuilding and construction group, has been selected as preferred bidder by Genting UK for Resorts World at The NEC, a major new leisure and entertainment development located at the National Exhibition Centre in Birmingham.

The Resorts World at The NEC complex will include a casino, a four star hotel and suites, a spa, conference and banqueting facilities, a retail outlet centre, a multi- screen cinema, food and beverage outlets and car parking. The contract will be valued at GBP80million and the scheme is set to start on site during the first quarter of 2012 with completion expected during the first quarter of March 2014.

Galliford Try Chief Executive Greg Fitzgerald said:

"We are delighted to be selected as preferred bidder by Genting UK for what will be one of the most significant leisure and entertainment developments to be built in the UK in recent years.

We have a proven ability to deliver multiple mixed-use developments on a large scale, and this project will provide a tremendous addition to our growing portfolio in the commercial sector."

RNS Number : 0011O

Galliford Try PLC

12 September 2011

GALLIFORD TRY SELECTED ON FRAMEWORKS TOTALLING GBP350 MILLION

Galliford Try, the housebuilding and construction group, announces its appointment to frameworks in the environmental, highways and affordable housing sectors.

GBP30 MILLION ENVIRONMENT AGENCY EXTENSION

Galliford Try announces the further extension of its framework with the Environment Agency to manage part of its flood defence, waterways and water resources capital works programme in England and Wales.

Galliford Try will be one of six core contractors engaged on the framework and expects to secure approximately GBP30m worth of work during the extension which will last until March 2013. Galliford Try was initially appointed to the framework in May 2007. Three schemes are currently on site at Wakefield, Wigan and Banbury.

Greg Fitzgerald, Chief Executive of Galliford Try, commented: "We are delighted to strengthen our relationship with the Environment Agency through this significant framework extension which we expect will provide a steady flow of work over the period."

GBP20 MILLION HIGHWAY MAINTENANCE WORK

Galliford Try announces its appointment to two Highway Maintenance contracts anticipated to be worth in excess of GBP20m over a four year term.

The first contract consists of three framework lots of re-surfacing, traffic management and carriageway markings work for an existing client, East Riding of Yorkshire Council. The second contract is for a new client, Stoke-on-Trent City Council, and covers highway maintenance minor works to carriageways, footways and structures.

Greg Fitzgerald, Chief Executive of Galliford Try, commented: "We are delighted to extend our partnership with East Riding of Yorkshire Council and to secure new business from Stoke-on-Trent City Council. These awards demonstrate the spread of our expertise in highways as part of our civil engineering business."

GBP300 MILLION A2 DOMINION FRAMEWORK

Galliford Try has been confirmed as one of the contractors on the new framework agreement for leading London-based housing association A2 Dominion.

The framework, which will deliver new affordable housing totalling over GBP300 million for the association, will run for four years. Galliford Try is one of 14 contractors for projects in the GBP5-10m bracket and one of nine contractors for projects worth GBP10m and upwards.

Galliford Try Chief Executive Greg Fitzgerald said: "Galliford Try has a long track record and a growing business in contracting for affordable housing registered providers. We are delighted to have the opportunity of working with A2 Dominion as part of their new framework agreement."

Final Results.

Strong financial performance achieved; excellent position to deliver objectives for 2012 and beyond.


Housebuilding

27% increase in completions to 2,170. (2010: 1,705)

8.1% housebuilding margin shows strong progress (2010: 5.6%), 9.2% achieved in second half.

25% increase in sales currently reserved, contracted or completed at 328 million (2010: 263 million), following resilient summer market.

72% of 10,400 plot landbank now acquired at current market values. (2010: 58% of 9,700)

100% of land required for 2012 financial year in place with detailed planning, 80% land secured for 2013.

Construction

2.4% Construction margin remains robust. (2010: 2.4%)

Strong year end construction cash balance of 217 million. (2010: 207 million)

1.7 billion current construction order book underpinned by major long term projects, 90% of current year's planned revenue secured. (2010: 1.8 billion; 88%)

RNS Number : 4305O

Galliford Try PLC

19 September 2011

GALLIFORD TRY JOINT VENTURE SECURES GBP35 MILLION OF WATER WORK

Galliford Try, the housebuilding and construction group, announces that it has, in partnership with Imtech Process, been awarded a GBP35m contract to construct two advanced anaerobic digestion plants for Anglian Water at sewage works in Basildon and Ipswich.

The plants will generate energy from biogas as bi-products of the sludge treatment process and also produce fertilisers for recycling to land. Galliford Try has completed similar anaerobic digestion plants for the same client at King's Lynn in Norfolk and Great Billing in Northamptonshire.

Greg Fitzgerald, Chief Executive of Galliford Try, commented:

"We are delighted to secure this additional business from an existing framework client. It builds on our track record in delivering both clean and waste water infrastructure projects as a leading infrastructure contractor to the water industry."