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."

Promoted to the FTSE250 as of today I believe.

Interim Management Statement.

Highlights

Housebuilding

38% growth in sales reserved, contracted or completed to 430 million following an encouraging autumn selling season. 342 million is for the current financial year to 30 June 2012. (2010: 312 million and 212 million respectively).

47% increase in sales per outlet to 0.50 per week from 1 July 2011 (2010: 0.34), averaging 0.60 during the autumn selling season. Selling outlets increased to 82 (2010: 59).

Sales prices achieved in line with expectations. Cancellation rates below the long term average at 16%. Mortgage availability showing signs of improvement.

73% of 10,500 plot land bank (2010: 9,600 plots) secured at current market values. On target to secure all plots required for financial year to 30 June 2013 by February 2012.


Construction

Industry leading cash balances continue.

1.6 billion order book in line with expectations (2010: 1.75 billion).

95% of projected revenues for financial year to 30 June 2012 secured with 58% for year to 30 June 2013. (2010: 91% and 55% respectively).

11 JANUARY 2012

GALLIFORD TRY PLC - TRADING UPDATE

Galliford Try plc, the housebuilding and construction group, today provides the following update on trading for the half year ended 31 December 2011. The group expects to announce its results for the half year on 22 February 2012.

Highlights

· Housebuilding

· 59% increase in total completions to a record 1,352 units; 1,216 net of joint venture partners' share (2010: 851 and 779).

· 42% increase in total sales reserved, contracted and completed at £522 million (2010: £367 million). £416 million is for the current financial year to 30 June 2012.

· 36% increase in unit sales per outlet per week to 0.45 (2010: 0.33). Selling outlets increased to 86 (2010: 65).

· 75% of 10,400 plot landbank now secured at current market values (31 December 2010: 62% of 9,500).

· Construction

· 100% of projected revenue for current financial year secured with 62% for year to 30 June 2013 (31 December 2010: 96% and 58% respectively).

· £1.6 billion order book in line with expectations (2010: £1.75 billion).

· 41% of order book in regulated sector, 45% in public and 14% in private maintains a quality spread of future revenues.

Greg Fitzgerald, Chief Executive, commented:

"The board has been encouraged by the progress in housebuilding as our southern biased business performed strongly despite the general economic uncertainty. The spread of long term work in the Group's construction business is underpinning its resilience in challenging market conditions. The Group therefore remains on track to meet its expectations for the financial year."

Following a very strong trading statement last month, Panmure Gordon's analyst, Mark Hughes, is confident that not only will Galliford Try report a "strong" set of first half interim results, but that it will upgrade full-year forecasts.

He forecasts a pre-tax profit of £25.5 million, with net debt coming in at £70 million.

The stock is the most undervalued stock in the sector, trading on a 2012 price to earnings ratio of about 8.5 times, a 45% discount to the sector. The stock also offers a dividend yield of about 4.5%.

http://www.iii.co.uk/articles/25853/week-ahead

A full set of broker BUY recommendations.

A forward P/E of just over 8 to next
year, way undervalued.

Been left behind by the sector.
Should be put right on wednesday.

from hemscott premium

Galliford Try PLC

FORECASTS WIRES 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
17-02-12 BUY 60.00 54.30 22.00 70.50 64.40 25.00
Peel Hunt
16-02-12 BUY 60.40 55.24 22.00 66.85 61.15 27.00
The Royal Bank of Scotland NV
28-11-11 BUY 60.00 54.58 22.00
Arbuthnot Securities
11-10-11 BUY 60.00 52.60 22.00 68.00 59.60 26.00
Numis Securities Ltd
14-09-11 BUY 58.00 52.20 22.00 65.30 58.80 26.00

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 59.94 54.19 22.00 68.42 62.05 25.90
1 Month Change 0.06 0.13 0.00 0.17 0.25 -0.03
3 Month Change 0.17 0.33 0.00 0.41 0.64 -0.09


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 67.48% 74.84% 14.51%
DPS 25.69% 60.58% 17.73%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £41.40m £70.71m £81.58m
EBIT £38.10m £m £m
Dividend Yield 2.74% 4.40% 5.18%
Dividend Cover 2.26x 2.46x 2.40x
PER 16.13x 9.23x 8.06x
PEG 0.24f 0.12f 0.56f
Net Asset Value PS 388.58p 647.63p p

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

17-Feb-12 Panmure Gordon Buy 500.00p 581.00p

Broker target 581p.

From IG INDEX a proxy for longs and
shorts, updates every 15 mins...

Client Sentiment

LONG 100% of IG clients with open positions in this market expect the price to rise

0% of IG clients with open positions in this market expect the price to fall

GFRD Galliford Try

Looking for Solid results here wed
morning.

Technicaly chart is set up for further
rises.

Half Yearly Report.

GALLIFORD TRY PLC - HALF YEAR REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2011

HIGHLIGHTS


Financial H1 2012 to H1 2011 to Increase
31 Dec 2011 31 Dec 2010

* Group revenue (1) GBP746.8m GBP575.9m 30%

* Profit before tax GBP32.2m GBP17.0m 89%

* Earnings per share 31.1p 14.8p 110%

* Dividend per share 9.0p 4.5p 100%


Group

· Confident of delivering objectives of three year housebuilding expansion plan.
· PBT increased by 89%, EPS increased by 110%.
· Net debt of £69.8 million in line with expectations (H1 2011: £30.7 million).
· Disciplined housebuilding strategy focused on existing regions and market segments.
· Enhanced dividend and continuation of progressive dividend policy.

Housebuilding

· 59% increase in total completions to a record 1,352 units: 1,216 net of joint venture partner share (H1 2011: 851 and 779).

· 11.0% housebuilding margin (excluding a significant land sale made in the period) showing further strong progress (H1 2011: 6.5%).

· 34% increase in total sales currently reserved contracted and completed at £605 million (H1 2011: £450 million), of which sales for the current financial year are up 63% at £480 million (H1 2011: £294 million) representing 78% of this financial year's projected revenue.

· 100% of plots for planned production in 2012 and 2013 now secured, with 76% of 10,700 plot land bank acquired at current market values.

Construction

· 2.2% construction margin holding up well in difficult market (H1 2011: 2.5%).

· Continued focus on contracts with acceptable returns. Value of order book in line with expectations at £1.6 billion (H1 2011: £1.75 billion), underpinned by strength in long term frameworks for infrastructure projects. 100% of 2012 projected revenues have been secured, with 67% for 2013 (H1 2011: 100% and 61%).

· Construction cash balance of £149 million in line with forecasts (H1 2011: £174 million).

Excelent results easily smashes through
concensus profit figure of pre tax £25.5
million expected.

http://www.an ADVFN competitor.com/action/news/showArticle?id=4313986

Should see a re - rating from here and brokers
flocking in with BUY recomendations.

In auction!

UP 11% yeeeeeeeeeee haaaaaaaaaaaaaa