✅ #GFRD reported a strong HY & anticipates FY revenue & adj. PBT to be ABOVE MARKET EXPECTATIONS✅
✅Revenue +1.3% to £934.9m
✅Adj. PBT +20.5% to £24.7m
✅Secure order book of £4.1B with 98% of projected FY26 revenue secured
✅HY dividend +18.2% to 6.5 p/s
bsky.app/profile/trad...
UK companies in the news:
#ADVT #AGY #BEZ #BTRW #CORD #CPI #CRN #DOTD #EAAS #GMS #GFRD #HICL #IPO #MTRO #MWE #MYI #NET #QLT #RSE #SCE #SHI #SRT #SSIT #VEIL #VTY #WEIR
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#GFRD H1 Results. Strong H1 with increased revenue and adj. PBT. FY expected above the top end of expectations. Order book increased to £4.1bn with 98% and 80% of FY27 and 28 revenues secured.
UK companies in the news:
#AFC #BA. #CER #CRE #GFRD #GGP #GLEN #KEYS #LTI #MATD #NESF #PAF #PPHE #SEE #TRLS
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#GFRD announce appointment to the DfE £15.4bn Construction Framework with lots secured above and below the £12m contract value. Framework runs for 6 years with options for two 1yr extensions.
I think DfE announced this a couple of months ago with #MGNS winning 7lots.
#GFRD - Panmure increase TP to 600p from 580p. Cavendish unchanged at 670p.
UK companies in the news today:
#ABDN #AFC #AVG #BLND #BNKR #BOOK #BRBY #CURY #ELM #EVPL #EXPN #GSK #GFRD #HEAD #HOC #ICG #INF #JD #JDW #JNEO #KMR #NCYT #OPTI #PFD #PSON #QLT #RIO #RTW #SEI #SPA #SQZ #STX #TAND #VLX #WKP
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#GFRD H1 TU. Trading ahead of prior year and board expectations. Expects FY Revenue at the upper end of expectations and PBT slightly above top end of expectations. Order book and average month end net cash increased.
Berenberg raise #COST to 190p, #MGNS to 5400p, #KIE to 260p and #GFRD to 620p.
Notably all close to 12 month high breakout levels…
#GFRD Cavendish notes the positive AGM statement and leaves TP unchanged at 670p discounting back from 2030 targets. Notes FCF yield of 6-8% and Divi Yield at 4-5% over the next 3 years.
#GFRD Panmure maintain Buy with 580p TP.
Expects further national progress and confidence in consensus estimates.
#GFRD AGM TS. Trading is in line with expectations with positive momentum. 92% of FY26 and 75% of FY27 revenue secured.
#GFRD Contract win:
✅Galliford Try's Building business has been appointed to a £3 billion affordable homes framework by major Registered Provider (RP), The Hyde Group.
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#GFRD Appointment to major £3bn affordable homes framework as main contractor on 7 lots over 5 years delivering 1500 homes per annum.
#GFRD 🆙+3%✅ £4.47✅
MT #TickerOfficial
✅ $GFRD reports trading slightly AHEAD of expectations.
✅Revenue up 6.3% to £1.875bn
✅A 28.6% increase in adjusted PBT to £45m
✅Final dividend up 17.4% to 13.5p.
✅Cash at £237.6m
ticker.app/lse/GFRD/rns...
#GFRD Panmure raise TP to 540p from 480p. FU25 and FY26 forecasts increased 7% and 7% respectively.
Cavendish TP 527p.
#GFRD FY TS. Revenue and PBT expected slightly above current forecasts. Year end cash increased, no debt with month end cash increased 15.4%. Order book increased to £4.1bn from £3.8bn.
Great write-up as usual Simon and thanks for sharing the Potential Multi-baggers 😎. I own #ALU & #W7L is an ex-holding I may revisit. #GFRD came up on one of my screeners recently so it's on my Watchlist although I'm overweight in the sector.
#GFRD. Cavendish leave TP unchanged at 527p, Panmure Liberum raise TP to 480p from 430p
#GFRD HY Results. Strong first half with continuing momentum. FY expected to be above the range of current market expectations. Order book increased to £3.9bn, 98% of FY25 and 81% of FY26 revenue secured.
A bit of infrastructure and building supply stuff is showing up. #cost #gfrd #alu Very cyclical obviously and not without risk. Other than that a mix but a lot of cyclicals.
Haha yes - Paul and I have a slight difference of opinion! He doesn’t like low margin contractors and has been neutral at best on #GFRD for at least 4 years while its returned 226%TR. For me its about the improving ROCE and increasing revenues generated from the pipeline. Each to their own!
#GFRD Panmure raise TP to 430p from 415p.
Cavendish leave TP of 527p unchanged.
#GFRD H1 TS. Trading is ahead of last year and ahead of expectations. Expects FY at the upper end of market expectations. Average Month end net cash increased and order book increased to £3.7bn.
I’d say #MGNS and #RNWH are the benchmark and #COST and #GFRD have the potential to get there in my view. The next 5 years of Water Frameworks is a huge opportunity for them especially.
I was wondering Mark, as you have industry experience; are #GFRD a good operator in this sector? Their balance sheet looks good and they seem to be winning a lot of business.
Thinking of dipping my toe on in the water. I’ve owned #KIE and #MGNS in the past. How do they compare in your opinion?
