Housebuilder and construction specialist Galliford Try (GFRD) continued to grow strongly in the four months to mid-November, a recent statement confirmed, with sales reserved, contracted or completed up from last year's record level by 21 per cent to £585m, lifting the total order book from £1.6bn to £1.75bn.
IC TIP:
Buy
at
1088p
Around 93 per cent of projected revenue for the year to June 2014 has already been secured, with a further 55 per cent for the following year. And to meet the steady increase in output, the land bank has been increased by 24 per cent to a record 13,000 plots. Some build cost inflation and supply chain challenges have been experienced, but these remain firmly under control.
