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Primary Recommendations

Galliford Try - Progress towards 3% margin

February 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GFRD
  • Price:
  • 241p
On SCSW, a big winner in the last 20 years has been Renew (RNWH; 880p), which supplies a range of critical asset renewal and maintenance services to the UK’s infrastructure network -  Rail, Nuclear, Roads  - where it is benefiting from long term spending programmes. The shares were a recommendation at 49p in 2006, which makes them a 16-bagger but even my most recent main write up in September 2020 at 430p has done well. Renew has just hit a new high as I write and at 880p, the shares trade on a PE of 13.8 for the current year, which looks similar to the PE of 13 for Galliford Try, the subject of this article. But Galliford has average net cash of 141p and 45p of investments, which makes it optically dirt cheap. Like Renew, Gallifo ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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