GFRD rejected an offer of 54p from ROK I think they could make around 60p I have just bought some

Kicked myself for not topping up @ 41p, had buy finger hovering. Still, nice fat divi cheque this morning.

B.

the research of this comapny still BUY so i think still optimistic. But do anyone knwo is there any company interest in GFRD, except ROK? becuase i think GFRD jsut will consider at least 60P+ rather than ROK giveing 55p ....

This has been quietly ticking up recently. Is this in anticipation of the annual results (due end of feb) or is there more bid rumour around? Anyone heard anything?

As the thread title suggests - Anyone still holding these, post
the ROK non-take-over? Fundy - you still in or out now?

Bunny

Still got some tucked away in the ISA for the long term. Last results were good, still paying a healthy dividend and lowly rated on a Pe of less than 7. Company is continuing to improve margins in the construction side and has a very strong order book and the housebuilding arm is on track to deliver 50% growth in three years.

Thanks Fundy,
Will keep an eye on this one for a while, seems silly it is so reasonable
pricewise compared with others in the sector.

Looks a quality business, many parallels with KIE, which I have held since they demerged from Beazer and which has been very steady performer over those 10 years. Record profits every year, ungeared, some high quality PFI contracts up and running to underpin long term cash flows and a good contribution from housebuilding as well as general construction. Intend to hold for (even longer) term and would welcome Fundamentalist view.

Agree with you, Partridge. Your view looks pretty fundamentalist to me! Anyway, I too am a long-term holder. There's value here, I think.

holding...

Just bought been watching since 80p and meaning to get in also good news on Public building work bought @114

Hi, Anyone still holding this? Been on a blinding run of late - lots of promise to go higher too.

Excellent company .Never looked back since the take-over bid by Rok Properties a couple of years ago.Longterm holding I bought in originally at 18p.

Well the City Brokers are backing the stock (from across the road).....

Galliford Try PLC

FORECASTS
2009 2010

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

Arbuthnot Securities
07-05-09 BUY 24.00 4.43 1.45 19.00 3.51 1.45

KBC Peel Hunt Ltd
29-04-09 BUY 24.95 4.80 1.50 21.85 4.18 1.50

ABN AMRO
30-03-09 BUY 23.00 4.21 1.40 21.00 3.82 1.40

Numis Securities Ltd
23-03-09 ADD 24.00 4.70 1.25 14.00 2.70 1.25

FinnCap
05-03-09 BUY 25.40 4.80 3.30 22.60 4.30 3.30

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 24.53 4.67 1.42 21.13 3.96 1.42

1 Month Change -0.23 -0.10 0.01 -0.69 -0.14 0.01
3 Month Change -1.79 -0.28 0.00 -0.57 -0.11 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 31.17% -65.93% -15.20%
DPS 19.23% -54.19% 0.00%

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 85.10m 38.69m 34.34m

EBIT 81.00m 36.75m 27.20m

Dividend Yield 5.64% 2.58% 2.58%

Dividend Cover 4.42x 3.29x 2.79x

PER 4.01x 11.78x 13.89x

PEG 0.13f -0.18f -0.91f

Net Asset Value PS 52.99p 88.80p 77.45p

RNS Number : 9932R
Galliford Try PLC
11 May 2009



GALLIFORD TRY ACQUIRES WRIGHT HOMES DEVELOPMENT ASSETS







Galliford Try plc, the construction and housebuilding Group, announces that it has entered into an agreement to acquire the residential development assets of Wright (Hull) Limited from its administrative receivers.




The assets comprise five housing sites in the Hull and York areas totalling 147 plots, of which 18 are complete and 63 are at an advanced stage of construction, and on which the value of the building works completed has been assessed at 6 million.




The total consideration is 7 million, to be settled in cash from the Group's resources. The sites will be managed from Galliford Try's regional housebuilding office in Grimsby.




Greg Fitzgerald, Chief Executive, commented:




'The acquisition of Wright Homes provides additional immediate points of sale and landbank that will add to our existing business based in the Lincolnshire and Humber area and extend its geographical reach for the future. We will continue to take a highly selective approach to the opportunities that arise to add to our housebuilding business in the current market and to enhance its positioning for the longer term.'










For further information:




Greg Fitzgerald, Chief Executive 01895 855219
Frank Nelson, Finance Director 01895 855226
Louise Mantio, Communications Director 01895 855092








This information is provided by RNS
The company news service from the London Stock Exchange

END


ACQGUUCWAUPBPUU

Recent Broker Buys....

Galliford Try PLC

FORECASTS
2009 2010

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

KBC Peel Hunt Ltd
19-05-09 BUY 24.95 4.80 1.50 21.85 4.18 1.50

Arbuthnot Securities
19-05-09 BUY 24.00 4.43 1.45 19.00 3.51 1.45

ABN AMRO
30-03-09 BUY 23.00 4.21 1.40 21.00 3.82 1.40

Numis Securities Ltd
23-03-09 ADD 24.00 4.70 1.25 14.00 2.70 1.25

FinnCap
05-03-09 BUY 25.40 4.80 3.30 22.60 4.30 3.30

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 24.54 4.67 1.42 21.13 3.96 1.42

1 Month Change -0.23 -0.10 0.01 -0.69 -0.14 0.01
3 Month Change -1.81 -0.28 -0.05 -0.53 -0.10 -0.05


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 31.17% -65.93% -15.20%
DPS 19.23% -54.19% 0.00%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA 85.10m 38.70m 34.35m

EBIT 81.00m 36.73m 27.23m

Dividend Yield 5.90% 2.70% 2.70%

Dividend Cover 4.42x 3.29x 2.79x

PER 3.83x 11.24x 13.26x

PEG 0.12f -0.17f -0.87f

Net Asset Value PS 52.99p 88.80p 77.32p

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.