Mj Gleeson Share Discussion Threads

[martinthebrave] 11/12/2015 15:31

Just seen the RNS and can't quite believe my luck that the share price has yet to move. Topped up!!

[adorling] 11/12/2015 08:37

RNS - good results across all areas of the business and very strong order book and land bank moving ahead. Nice momentum building behind this share.

[gorilla36] 09/12/2015 14:57

For those of you who have access to or read it, the December issue of The Penny Share Letter features GLE. Good four page write up, outlining GLE's markets, strategy and why they think it may be worth £15/£16 by 2019. Good article.

[nwalsham15] 11/11/2015 17:22

nice little breakout today. happy days.

[buffetteer] 31/10/2015 08:21

Worth watching the video interview of the Ceo on Proactive Investors. Their aim is 3000 homes p.a.( 3x this year).
Since they have little competition at the bottom end and a cookie - cutter approach it is great to see a rollout story based on sound research and disciplined execution.
£5.83 will look cheap in a couple of years IMHO.

[nwalsham15] 30/10/2015 12:09

breakout occuring???

[eggbaconandbubble] 06/10/2015 17:38

Whitman Howard give a target price of 583p.

Sounds feasible.

[buffetteer] 30/9/2015 12:53

yes I agree especially since they now have over 7 years of land in stock.

[mw8156] 30/9/2015 12:18

pretty good and looks like they're being less stingy with the divis!

[buffetteer] 30/9/2015 09:26

Did anyone notice the excellent results from GLE ?
i was excited to see the potential to triple .

[eggbaconandbubble] 23/9/2015 18:56

OK, so there's your fall since your post end of June! More likely as a result of China rather than Greece.
Incidentlly, I'm no chartist but the share price is showing a typical 'cup and handle' formation starting Feb 14.
Can 'cups' be that big/long?

[lex ixtle] 30/6/2015 07:41

Maybe. Some shares should be fairly untouched by the Greek drama, Gleeson included. If there is a fall, that would be a 'buy' signal for me.

[eggbaconandbubble] 29/6/2015 22:13

Gleeson is a buy in my book, but may be best to leave things for a few days or so whilst the Grexit possibly takes this and the market as a whole lower.

[lex ixtle] 29/6/2015 21:43

Mr Mills has held Gleeson for a long time. Bought in before the credit crunch - and has largely stuck with it. A couple of biggish sales by him - but not that big for him - he still holds a substantial proportion. Year end tomorrow and results should be good. House building in the north is growing with better sales and strategic land in the South is very good at getting planning permissions and benefitting from the increased land value. We still have a significant under-delivery of new homes in the UK.

GLeeson had substantial potential liabilities from its contracting days but managed to ring-fence that liability at the end of 2014 with a solvent restructuring.

Very positive outlook for the short to medium term. There should be dividend growth.

I hold some shares (unlike Mr Mills, I am a very small investors) and will probably buy more if the share price doesn't advance dramatically in the next couple of months.

[buffetteer] 25/6/2015 08:29

Chris Mills is an investor ...just rather bigger than most of us.
He still holds 12.2m shares . I suspect it's been a rather fruitful investment.

[djderry] 24/6/2015 19:57

A rather substantial director sale.

[djderry] 22/6/2015 11:57

A rather positive RNS this morning.

[eggbaconandbubble] 02/6/2015 08:20

Interesting. Yesterday I purchased 5000 shares at 413p time 15.04 and they were not posted on the trades board until 18.06 and neither were they marked as a late trade!

[peawacks] 20/5/2015 10:57

Go on ! Fill me with Glee !

[peawacks] 19/5/2015 11:00

Sp has tried 6 times to break through at this level. This could be the time.

[buffetteer] 16/5/2015 08:19

A good update - steady as she goes.
I suppose one might question what the two divisions have in common and whether value might be unlocked splitting them up / selling off . Seems to me most of the resources are being put into building up the house building division which should start seeing higher prices as the north recovers and as transaction volumes increase .

[anisha] 15/5/2015 21:58

what a quiet board positive rns today and no posts

[buffetteer] 20/3/2015 18:47

No idea on divis other than to say they will probably increase as the earnings increase and maybe more if there is an increased payout ratio too. If they plan to double sales from 500 to 1000 in 3 years I suspect the divi will reflect that increase too.

[speedsgh] 20/3/2015 17:28

OK. Understood. And your view on the dividend outlook? TIA

[buffetteer] 20/3/2015 17:15

I can't say anymore I'm afraid .