Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on GALLIFORD TRY PLC. We currently have 5 research reports from 2 professional analysts.
|28Mar17 12:27||GNW||Dimensional Fund Advisors Ltd. : Form 8.3 - Galliford Try Plc - Ordinary shares|
|28Mar17 12:03||RNS||Form 8.5 (EPT/RI) - Galliford Try Plc|
|28Mar17 12:01||RNS||Form 8.5 (EPT/RI) - Bovis Homes Group Plc|
|28Mar17 12:00||RNS||Form 8.5 (EPT/RI) - Redrow Plc|
|28Mar17 11:54||GNW||Rathbones : Form 8.3 - [Galliford Try Plc]|
|28Mar17 11:23||RNS||Form 8.3 - Galliford Try Plc|
|28Mar17 11:21||RNS||Form 8.3 - Bovis Homes Group Plc|
Frequency of research reports
Research reports on
GALLIFORD TRY PLC
GALLIFORD TRY PLC
Chill for agents, spring in housing volumes
24 Nov 16
Yesterday’s Autumn Statement appears to be: good for 'alternative' housing providers, UK-focused contractors and materials producers; potentially problematic for mainstream housebuilders; and bad news especially for lettings-dominated agents. Chancellor Philip Hammond’s key spending measures included an additional £3.7bn funding to boost new housing volumes and £1.1bn for roads. Shares in estate agents, however, have fallen in response to the threat to ban them from charging fees to tenants.
15 Sep 16
"With polls narrowing enough to suggest that Clinton’s lead over Trump ahead of the November 8th presidential election is now just 3 points, traders have finally started to ask the unanswerable - which will be the winners and losers? Quite a quandary. Market anticipation of the Republican candidate winning would be a severe heightening of the market’s greatest phobia, uncertainty and rising risk aversion. The first signs of this were evident overnight, not helped by FOMC conflict seemingly projecting stalemate at the Fed, as the US$ fell and bonds gained. This, in fact, follows the established historical pattern of the currency reacting more favourably to a Democrat in the White House. US equities that started their session strongly, gave nearly everything back by the close with only the tech-heavy NASDAQ registering a reasonable gain while energy stocks continued to weaken following continued US inventory build, the IEA report that foresaw the current supply glut continuing into 2017 and whose argument is being boosted by news of planned export resumption from both Libya and Nigeria. Asia was similarly mixed with the Nikkei the principal casualty on the back of stronger Yen due to forex traders switching US$ positions, while China was closed and gently selling of commodity stocks weakened the ASX. A number of market sensitive macro releases are due today, including the Eurozone inflation report and retail sales data from both the UK and the US. UK corporates due to report earnings include Morrisons (MRW.L), Next (NXT.L), Ophir Energy (OPHR.L), Tribal Group (TRB.L) and a Q2’16 update from Booker Group (BOK.L). Later in the UK trading session, the Bank of England is also due to disclose its rate interest decision; having told the markets last week that “we are very much not out of ammunition, nor are we trigger happy” Governor Mark Carney effectively added to traders’ growing doubts regarding the effectiveness of prospective central bank policy against a global backdrop of weakening growth. No change in the UK base rate is expected today. The FTSE-100 is seen down some 20 points in early morning trade. " - Barry Gibb, Research Analyst
13 Jul 16
"With the UK market awaiting the new era of Prime Minister May and what it might mean for big business, economic stance and European policy, London markets are expected to be modestly down today. The FTSE-100 seen opening 25 or so points in the red. Seeking leads from elsewhere, investor will more likely be led by international sentiment. Various Fed speakers yesterday afternoon outlined their vision and concerns for the US economy, concluding that while it was still too soon to judge the overall impact of Brexit and that uncertainty had increased (Mester), they also concluded people remain cautiously optimistic (Kashkari). Taking a hint from this while anticipating the current standstill on interest rates will remain in place for a little longer, the Dow broke through its previous closing high of 19th May while the NASDAQ also turned positive for the year as traders renewed their push into riskier and growth stocks once again. Asian equity markets also chalked up further gains across the board on Wednesday, again supported by investor belief that Japan is considering an aggressive form of policy easing to jumpstart domestic activity. Excitement was tempered when the Japanese government denied speculation it was prepared to instruct the BoJ to directly finance spending or tax cuts, but the Nikkei still ended the day strongly ahead. While UK data watchers can expect release of the Bank of England's Q2 survey and the RICS Residential House Price report this morning, the US only contributes its weekly petroleum status report this afternoon. Another Fed speaker, Robert Kaplan is also expected to outline his view of US financial wellbeing, while UK media will likely closely follow further updates on the Labour Party leadership crisis, following Mr Corbyn's automatic qualification for forthcoming ballot.
24 Mar 17
We note the share transaction yesterday, and think the stock will benefit from the increased liquidity. We continue to believe there is good valuation upside to the shares. However, we are terminating coverage of Watkins Jones from this morning and withdrawing our forecasts from the market.
Outperformance in the bag
24 Mar 17
IG Design has had a very good second half trading and has issued a year-end update indicating that numbers will exceed market estimates. We have lifted our FY17 and FY18 numbers by 8-10% at the pre-tax and EPS levels, following an 11% uplift to earnings with the interims. Particularly notable is the comment on strong cash flow, with the group reaching its target of average leverage less than 2.5x EBITDA two years ahead of plan. With the earnings and cash flow momentum, strong balance sheet and progressive dividend, there is good potential for further share price upside.
N+1 Singer - Morning Song 28-03-2017
28 Mar 17
A G Barr (BAG LN) Share buybacks the main news around FY17 finals | Churchill China (CHH LN) An excellent set of 2016 results and more upgrades | Ergomed (ERGO LN) FY results show strong Services growth; Phase III Zoptrex® data ahead | Instem (INS LN) Investment to accelerate growth trajectory | Severfield (SFR LN) Strong H2 drives upgrades; CEO temporarily steps down due to ill health | Summit Therapeutics (SUMM LN) Strengthening the data package: planned extension of PhaseOut DMD | T. Clarke (CTO LN) Strong conclusion to FY16, record order book
Management hopes for a better 2017
21 Mar 17
BMW’s final 2016 accounts were, compared to what we had anticipated, slightly disappointing. We had said so when preliminary numbers were released earlier this month. Today’s guidance for 2017 shows slight growth in all categories, i.e. volume, revenue and consolidated pre-tax earnings are all projected to go up. Reading between the lines, the statement suggests that the EBIT margin generated by the Automobiles division is likely to fall further (it was down from 9.2% to 8.9% in 2016). Whether Financial Services can again increase its margin (it was up by 0.1pp to 8.4% last year) remains to be seen and will also depend on the price development of used vehicles.