Galliford Try has released its first set of full year results since the disposal of its housebuilding business, closing the door on a successful turnaround. Vitally, it appears to be adhering strictly to the discipline management has emphasised since joining the board. The order book remains strong in a growing market, guidance has been upgraded, the (2x covered) dividend re-instated at 4.7p, and the EV is still laughably small given the net cash position of £164m against a market cap of £200m ....
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23 Sep 2021
Galliford Try - FY Results Update
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Galliford Try - FY Results Update
Galliford Try Holdings PLC (GFRD:LON) | 240 -9.6 (-1.6%) | Mkt Cap: 246.4m
- Published:
23 Sep 2021 -
Author:
Oliver Juggins -
Pages:
9 -
Galliford Try has released its first set of full year results since the disposal of its housebuilding business, closing the door on a successful turnaround. Vitally, it appears to be adhering strictly to the discipline management has emphasised since joining the board. The order book remains strong in a growing market, guidance has been upgraded, the (2x covered) dividend re-instated at 4.7p, and the EV is still laughably small given the net cash position of £164m against a market cap of £200m ....