Just under a year ago I observed that I was quite impressed by Galliford Try (GFRD) and observed that the then sub 170p share price “seems a bit rude and I would stick with my 200p target”. That has worked out quite nicely, with the share price of “one of the UK's leading construction groups” now pushing nicely north of 210p. Time to exit stage left or not?
Judging by the move of most equity and bond markets over the last day or so, yesterday’s slightly lower than anticipated CPI numbers in the US excited the average investor. However, as shown by today’s UK Q3 GDP numbers, economic life remains tricky even before we talk about geopolitics, debt or crypto madness. It remains clearly an active investment world that has plenty of opportunities and threats, which is great news for boring stock pickers like me and less good news for “buy a bit of everything” passive funds.







