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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mj Gleeson Plc | GLE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 9.00 | 1.81% | 505.00 | 16:35:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 515.00 | 496.00 | 515.00 | 505.00 | 496.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 15/02/2024 | Interim | GBP | 0.04 | 29/02/2024 | 01/03/2024 | 02/04/2024 |
| 14/09/2023 | Final | GBP | 0.09 | 26/10/2023 | 27/10/2023 | 24/11/2023 |
| 16/02/2023 | Interim | GBP | 0.05 | 02/03/2023 | 03/03/2023 | 03/04/2023 |
| 15/09/2022 | Final | GBP | 0.12 | 27/10/2022 | 28/10/2022 | 25/11/2022 |
| 10/02/2022 | Interim | GBP | 0.06 | 03/03/2022 | 04/03/2022 | 04/04/2022 |
| 14/09/2021 | Final | GBP | 0.1 | 28/10/2021 | 29/10/2021 | 22/11/2021 |
| 11/02/2021 | Interim | GBP | 0.05 | 04/03/2021 | 05/03/2021 | 06/04/2021 |
| 16/09/2019 | Final | GBP | 0.23 | 14/11/2019 | 15/11/2019 | 13/12/2019 |
| Top Posts |
|---|
Posted at 13/1/2024 18:32 by cerrito Just seen this more upbeat view on Citywirequote MJ Gleeson (GLE) has announced a profit warning but Berenberg says the housebuilder and regeneration specialist is still in line with peers and can continue to win market share. Analyst Harry Goad retained his ‘buy’ recommendation and target price of 518p on the stock, which was trading at 500p on Wednesday. ‘Profit warnings are never welcome and, while unexpected, the implied total decline in MJ Gleeson’s group margins in 2024 from the pre-crisis peak remains broadly in line with the wider UK housebuilder peer group,’ Goad said. Over the mid-term, he said MJ Gleeson remains a top pick in the sub-sector ‘given its potential… for above-market growth’. ‘Specifically, we think its key proposition of developing good-quality family housing that is sold at prices materially below the UK market average positions it well for the current financially challenged market environment, where we think it can win market share from a new customer base over the coming years,’ he said. |
Posted at 12/1/2024 10:35 by cerrito Catching up here, I see that while Liberum are maintaining their target price at 610p they have reduced their eps for FY 24 and FY 25 by 22% and 26% respectively and also reduced their dividend forecasts.Singers have reduced their target price from 626p to 590p ,reduced their forecasts by 24% and 27% for the two years but go on the basis of an unchanged dividend. |
Posted at 09/1/2024 12:35 by cerrito I had not heard of the advantages of starting a project by June 23 to avoid new building regs before, but perhaps reflects the fact that the only other builder I have shares in apart from GLE is BWY.is this something you folks have come across before?? .All I can say is they must have v good relations with the planning departments of the councils involved to get all the conditions precedent before construction signed off so quickly ie the S106 ie The Transport Management Plan ie all the other bits of paper. My plan this morning had been to top slice thid morning at c 530 but that obviously did not work out. |
Posted at 11/8/2023 18:57 by gargoyle2 hxxps://www.voxmarkeGLE gets a mention. |
Posted at 08/7/2023 09:02 by disc0dave45 Interesting, particularly that house building construction materials only increased 0.5% from March to April 2023, the lowest of all the construction categories. As GLE have stated, not that you are in any way interested, they have covered inflationary costs by increasing selling prices and cost efficiencies.Can't see in the report any mention of stock piling and how that's impacted on material purchases more recently.Keep burning the midnight oil chap. |
Posted at 30/6/2023 07:20 by doc martens MJ Gleeson plc ("Gleeson" or the "Company") is pleased to announce that it has entered into a contract with global investment firm Carlyle (NASDAQ: CG) and Gatehouse Investment Management, a market leading single-family housing investment manager, for the sale of 288 homes across multiple developments, of which up to 66 homes are expected to be completed in the financial year ending 30 June 2023 ("FY2023") with the balance in FY2024.Consideration for the sale totals £50.4m payable in cash upon completion of each home, save for a small retention. The proceeds will be reinvested into the business for working capital purposes. This transaction strengthens Gleeson Homes' forward order book and allows the business to expedite the opening of new sites. The Company will issue its next scheduled trading update, in respect of the year ending 30 June 2023, on 7 July 2023 and expects to confirm that it will deliver results for FY2023 in line with expectations. Graham Prothero, Chief Executive Officer, commented: "This transaction represents a compelling opportunity in the context of the current uncertain market environment and we are delighted to be working with partners of the calibre of Carlyle and Gatehouse, who value the quality of our product and the communities which we create." |
Posted at 17/1/2023 12:28 by disc0dave45 MJ Gleeson (GLE) is facing a tough market in the short-term, but despite cutting its earnings prediction Berenberg still believes the developer has medium-term potential.Analyst Harry Goad retained his 'buy' recommendation and target price of 470p on the stock, which edged 0.7% higher to 414p yesterday.Following a first-half 2023 trading update from the group, which reported home sales were down 4% year-on-year and the order book had fallen 48%, Goad cut his earnings per share forecast by 5%.'We reiterate our medium-term positive view, which stems from the group's strategic positioning as a provider of lower-cost, but good quality, housing,' he said.'While MJ Gleeson will experience a drop in volumes this year as a result of market headwinds, we continue to believe that it is well positioned to win market share and outgrow the underlying market over the medium term.' |
Posted at 18/11/2022 07:27 by aishah "The average selling price on new reservations since the start of the financial year was GBP186,500, an underlying 9.0% higher than the same period last year. Despite these higher prices, our homes remain attractive to first time buyers and a couple on the National Living Wage can still afford to buy a Gleeson home on any one of our development sites. Furthermore, we are now seeing interest from customers who might previously have considered a more expensive property built by another developer but who, in the current environment, are attracted by Gleeson's more affordable price points."After yesterday's autumn statement lots more will lean towards an affordable GLE home as NLW rises to £10.40. A bigger player could pounce here imo. |
Posted at 20/9/2022 19:33 by disc0dave45 Liberum on GLEThe market is wrong not to set MJ Gleeson (GLE) apart from its housebuilding and regeneration peers, according to Liberum.Analyst Charlie Campbell retained his 'buy' recommendation and target price of 830p on the stock, which fell 2.7% to close at 477p on Friday.The group reported full-year earnings per share grew 34%, as it sold 10% more homes at 15% higher prices.'Demand for its low-cost homes remains robust and this will continue as its homes are 40% cheaper than peers and it is cheaper to buy than to rent,' said Campbell.'We nudge up 2023 estimates and expect profit growth as outlets increase and demand holds up.'He said this made the market 'wrong not to differentiate MJ Gleeson' from its peers 'as demand will hold up better at low price points, especially in the north where affordability is much less stretched'.'We see over 80% total shareholder return upside to our target price,' he said. |
Posted at 15/9/2022 14:41 by kalai1 MJ Gleeson plc posted FY results for the year ended 30th June 2022. The numbers reflect strong underlying demand for high quality, affordable housing, the Group achieved its medium-term strategic objective of delivering 2,000 homes pa. Gleeson Homes sold 2000 units, a 10.4% increase on FY21, with average selling price up 14.7%. Group revenues were up 29.4% to £373.4m, PBT was up 33.1% to £55.5m and EPS was up 34.2% to 78.1p. Valuation is attractive with forward PE ratio at 6.4x, the business is also reasonably high quality. Main clouds for the investment case are the weakening macro environment and lack of share price momentum. GLE is a solid, profitable homebuilder at an attractive valuation and is certainly worth monitoring, but there is no immediate rush to buy......from WealthOracle hxxps://wealthoracle |
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