Mj Gleeson Share Discussion Threads

[speedsgh] 20/3/2015 16:15

Which horse? Harrison? Would ideally prefer to see it in writing.

[buffetteer] 20/3/2015 15:52

The £6 hurdle is from the horses mouth.

[speedsgh] 20/3/2015 14:37

Ok, thanks. Can see that rns now.

"These awards will vest in 3 years from the date of grant, subject to achievement of performance conditions."

Where can the "performance conditions" be viewed?

Separately, in view of the 145% increase in the recent interim div, do you feel it is reasonable to read the increase across to the final div payment thereby giving 14.75-15.00p for the full yr div for the current FY?

As you can probably tell, just looking into GLE for the first time. The director remuneration is generous to say the least, although there are at least only 2 executive directors to pay.

TIA

[buffetteer] 20/3/2015 13:56

October 1 2014 performance share plan

[speedsgh] 20/3/2015 13:02

Buffetteer - "Ceo gets his performance shares at £6 & he's been topping up also -that should tell us something!"

Have been thro 2014 Annual Report + can't find any reference to the £6 hurdle for the performance shares. Where have you got the £6 performance target? TIA

[coolen] 25/2/2015 22:05

Thanks for that Exbroker.

Seems a solid enough "hold" given that buyers were paying 450p a year ago.

[exbroker] 25/2/2015 15:05

I was at the analysts meeting today, all seems to be going well.They expect to match market expectations, I would not be surprised if they upgrade them closer to the year end. Sales of land can be lumpy so that is my only point of caution, Good jump in the dividend , policy is one third two thirds so a nice final in the summer I hope.

[jeffcranbounre] 23/1/2015 20:00

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[peawacks] 23/1/2015 13:46

BUY tip in this weeks Investors Chronicle.

[buffetteer] 23/1/2015 13:37

Back in after an 18 month absence.
WhY now ?
Share price fallen to sensible level and found support at 330p.
Sales & profits to double in next 2-3 years -1000 homes target (vs 700 this year)
Land is v cheap due to difficulty of getting bank finance for smaller private competitors.
Costs are well under control (Euro going down must help)
Earnings rising will help selling prices as demand picks up .
House buying cycle is starting to grow nicely and will accelerate .
So selling prices and margins will keep increasing too
Ceo gets his performance shares at £6 & he's been topping up also -that should tell us something !
will keep buying on weakness.

[peawacks] 16/1/2015 10:34

The Group continues to trade well and expects profits for H1 2015 to show a strong increase over H1 2014.

Gleeson Homes

Market conditions remain healthy, with strong customer demand in all of our regions.

[anisha] 19/12/2014 18:00

has the epic code changed tddirect does not recognise htis gle code thanks

[peawacks] 19/12/2014 10:10

M J Gleeson Group Public Limited Company

Scheme of Arrangement Effective and Admission of New MJ Gleeson Shares



19 December 2014



Further to the announcement issued by M J Gleeson Group Public Limited Company ("Old MJ Gleeson") on 18 December 2014, confirming the Court approval of the Scheme and Old MJ Gleeson Capital Reduction, Old MJ Gleeson and MJ Gleeson PLC ("New MJ Gleeson") are pleased to confirm that the Scheme and Old MJ Gleeson Capital Reduction are now effective and New MJ Gleeson is now the new parent company of the MJ Gleeson Group.



The Scheme became effective on 18 December 2014 and accordingly the Old MJ Gleeson Shares will be delisted from the premium segment of the Official List of the UK Listing Authority and from the London Stock Exchange's main market with effect from 8.00 a.m. today.



Admission of the New MJ Gleeson Shares to the premium listing segment of the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange's main market will take effect at 8.00 a.m. today.



Under the Scheme, Scheme Shareholders received one New MJ Gleeson Share for every Old MJ Gleeson Share held by them at the Scheme Record Time. Therefore, the total issued ordinary share capital of New MJ Gleeson is 53,697,480 ordinary shares of 146 pence each.



The new ISIN number for New MJ Gleeson Shares is GB00BRKD9Z53. New MJ Gleeson will have the same TIDM as Old MJ Gleeson, which will remain as "GLE".



CREST accounts will be credited with New MJ Gleeson Shares today and share certificates in respect of New MJ Gleeson Shares will be dispatched within 10 business days of today.



The next Court hearing, to be held on 21 January 2015, will be to confirm the New MJ Gleeson Capital Reduction. The New MJ Gleeson Capital Reduction is expected to become effective on 22 January 2015.

[epik] 28/11/2014 07:50

Nice positive statement, finished off by those words you always want to read - 'will exceed current expectations'

[dt1010] 25/11/2014 18:29

A tip?

Buy Inland Homes, 58.75p now, Simon Thompson in the IC, WH Ireland and Finncapp all target it to go to at least 70p on strong results. AGM in December.

They develop in the commuter belt outside London, a market which is still booming. Telford Homes results tomorrow will prove this nicely and should reflect well on INL.

The share traded in a tight range between 43 - 50p for all of 2014. Broke 50p recently. New target is 70p.

[wjccghcc] 29/9/2014 13:06

Thanks Exbroker.

[exbroker] 29/9/2014 12:46

Here are my notes and comments from the meeting.
Dividend cover will stay at about 3 times while they continue to be in growth mode as they called it.
They have good visibility for the next 2 years with strong demand for land with planning in the South.
Good momentum on a number of sites, they are attracting young executives as well as the traditional buyers to some developments, this has led to increased sales prices on some sites, not a major impact over all but helps!
Costs are under control with brick prices agreed until the end of 2015, the sites are getting bigger on average which helps margins.
Strategic land will sell land on the bigger sites over the next few years.
Brokers forecasting about 700 units this year, I think it could be more.
Profits growth driven by volume growth not a major increase in sales price, the target market has not had an increase in disposable income to enable this to happen.
46% of sales are Help to Buy
Long land bank, some sites will run for several years, more land coming on the market from Local Authorities.Expect to spend about £12M to £14M this year.
2 new sales offices to open this year.
They buy the land that is too hard for the majors to remediate or too small a plot.
Business model may move slowly southwards but no big moves to new areas, Nottingham and Derby about the limit at the moment as management knows the areas.
The tone of the meeting was very positive, I hold a decent number and am not a seller, I would be a buyer but it is already a big position in my ISA.
I will try to answer any questions if I can.

[eggbaconandbubble] 29/9/2014 08:07

Blimey! They're good.

[exbroker] 25/9/2014 23:48

How has it done against the rest of the other house builders over the last 2 years?

[coolen] 25/9/2014 22:51

Strange to have suffered a 100p drop this year from 450p. Even more so given the only significant rns was to say the profits were ahead of expectations.

[sjc] 06/9/2014 16:56

free stock charts from uk.advfn.com
Visually better chart to read.

[sjc] 06/9/2014 16:50

free stock charts from uk.advfn.com
rise from 171 to 455 = 266. 50% retrace 133. 455 - 133 =322 target. Fibonacci retrace fits well.Spent 5months in 38-62 range.Results due any thoughs welcome. I do hold so dyor.