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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
|
|
|---|---|---|---|---|
| -2.00 | -0.39% | 505.00 | 08:29:52 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 505.00 | 505.00 | 505.00 | 507.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 28/3/2024 19:08 by siggs44 A 2 page spread on Gleeson in the Investor Chronicle magazine I received today. Very positive . |
Posted at 08/1/2024 20:44 by manouk2 Reason for the rise, I think, stems from the lengthy recommendation in last Friday's Investors Chronicle. Lots of small trades today |
Posted at 18/11/2022 14:06 by farnesbarnes ghhghhYes granted, it is a different model to WJG and others. But if you were a FTB wouldn't you now hold off if the market were to correct by 15% ish? And if you were a lender, wouldn't you be less inclined to loan, or require more equity? The TU statement is poorly worded. My criticism of the "Far too early" bit is the tone/sentiment. Like investors are wet behind the ears; how on earth could we possibly understand what its going on in the global macro landscape? We should take every BoD utterance at face value?! |
Posted at 18/11/2022 13:03 by farnesbarnes discoI don't hold. Its not my type of stock, unless there's a measured swing move in the offing. What promoted me to post was the TU itself. It grates me that savvy companies put out such god-awful diatribe expecting investors to swallow the narrative. "In September..." everything was hunky dory. Record this, well-positioned, profitable growth. Two months later, " volatility and a sharp increase in interest rates". Do they not model for this? Were they blissfully unaware of rampant inflation over the last 12-18 months since Covid? Did their FD not think interest rates would go up following the material inflation they must have been forking out on with their suppliers... IT STINKS!!! The TU is pure bluster putting it politely. From a technical perspective, theres massive overhead supply, tonnes of it. I can only see it falling further. Sorry. You'll need active lower, higher low, and a higher high for me to give it a second look. Edit - Just rereading the TU - it's patronising lines like "Whilst it is far too early to call a recovery...". WHAT???!!! Two months ago they were breaking records!!!! What the hell went wrong in 60 days. Jeez, I've got invoices outstanding which are older. |
Posted at 23/4/2020 09:44 by davebowler 8 AprMJ Gleeson Plc ("MJ Gleeson", the "Company" or the "Group") Results of Placing The board of MJ Gleeson, the low-cost housebuilder and strategic land specialist, is pleased to announce the successful completion of the placing announced earlier today (the "Placing"). A total of 2,730,100 new ordinary shares of 2 pence each (the "New Ordinary Shares") were placed by Liberum Capital Limited ("Liberum") at a price of 600 pence per share (the "Placing Price") to certain existing shareholders and other high-quality institutional investors, raising approximately GBP16.4 million gross proceeds. |
Posted at 05/7/2019 00:29 by philanderer Investors Chronicle:MJ Gleeson (GLE) reported its largest annual volume growth for the year to June 30, selling 1,529, up a quarter on the prior year. The pipeline of owned and conditionally purchased plots rose 5.6 per cent to 13,575 plots. Gleeson Strategic Land sold nine land interests with the potential to deliver 1,755 plots for housing development. Buy. |
Posted at 01/7/2019 12:54 by master rsi The Motley Fool - Jun 28, 2019 09:36Singing the praises of homebuilders is something that’s being done to death, at least as far as this writer is concerned. They provide the perfect blend of big value and, in some cases, even bigger dividends. It’s why I own Barratt Developments (LON:BDEV) and Taylor Wimpey (LON:TW) and I’m considering loading up on some more. Another brilliant builder that’s on my radar is MJ Gleeson (LSE: GLE), and particularly so with new trading details just around the corner on July 4. The resignation of Jolyon Harrison as chief executive this month, prompted by a row over the size of his paypacket, has really shaken investors. The company’s share price has fallen by almost a fifth in June, a re-rating which suggests a gross overreaction by market makers. For one, the small-cap is replacing Harrison with a safe pair of hands in former head of Keepmoat Homes, James Thomson, someone who will keep things afloat in the immediate term at least. Secondly, Gleeson is not as dependent upon their ex-leader as it was during the company’s upscaling programme of a few years back. And thirdly, because of the UK’s gigantic shortage of new homes, the long-term profits outlook for the business remains a compelling one. Sales are booming I’m fully expecting Gleeson to remind the market of this when it comes to releasing those fresh financials, something which could well prompt a heavy share price rebound. It certainly impressed last time out in February when it advised revenues boomed 53% in the six months to December, to £118.3m. That upswing was driven by a double-digit rise in unit sales and an increase in average selling prices. I tipped Gleeson’s share price to jump in the run-up to those half-year numbers and I’m expecting nothing less this time around either. Indeed, the steady stream of positive updates from across the homebuilding sector reinforces my expectations that there’s been no change in those favourable trading conditions. I’d buy today and never sell With or without its veteran chief executive, City analysts certainly don’t see Gleeson’s long record of chunky annual earnings growth being blown off course any time soon. They’re anticipating an 11% bottom-line improvement for the year about to start (to June 2020), following on from another double-digit-percent Gleeson clearly isn’t a share for the here and now. Its efforts to turbocharge build rates puts it in the box seat to ride the homes shortage that’s driving newbuild sales. In my opinion, it’s a great share to buy today and hold for many years to come. |
Posted at 04/5/2016 19:58 by lex ixtle This is pretty typical of this share in the closing months of their financial year (end June). I've seen it in previous years although I don't understand it. I'm expecting the company to have another good year (just my view but dyor).If it follows the usual pattern and if the results are good, the CX will get out on the road and generate interest among institutional investors to push the price up so as he gets his bonus shares. That said, he will want to pull out his substantial investment sometime, and retire. Great opportunity for his successor. I continue to hold some of these shares and intend to stay in for now. LI |
Posted at 08/1/2016 10:23 by thenewtradesman Also tipped back in spetemberMJ Gleeson full of growth potential MJ Gleeson full of growth potential share tips and updates MJ Gleeson Group PLC (GLE) Bull points Builds houses at prices that really are affordable Net cash position Potential for geographic expansion Earnings upgrade record Bear points Modest dividend Land sales can be lumpy UK housebuilders have all performed strongly in the past couple of years, and there is every indication that this trend will continue through 2016. MJ Gleeson (GLE) is one of the smaller of the listed housebuilders, but its business model sets it apart and should offer investors something special in 2016. We've made MJ Gleeson our 2016 Growth Tip of the Year due to highly favourable economic and political conditions in its end market, and the potential to boost growth further with a strategic move into new regions. These factors should help extend the company's excellent track record of beating analysts' earnings forecasts (see chart). The group operates two businesses: selling affordable houses in the north of England and pulling land through the planning process and selling it to hungry housebuilders in the south. Given the recent raft of government initiatives to make houses more easily affordable, Gleeson is already ahead of the game. With average selling prices in the year to June 2015 of £123,750, Gleeson's houses really live up to the 'affordable' billing. And concentrating on this type of home has also kept Gleeson out of the buy-to-let market, which is expected to be negatively affected by recent government policy changes. Gleeson's houses may not cost the earth, but they are nevertheless good quality. Some of the areas being redeveloped will have social issues, but putting residents in charge of their own homes brings rapid positive changes. And because many of the brownfield sites that it regenerates are not in demand for any other use, prices are low. Land acquisition costs have remained steady for the past three years at just £8,500 per plot. Cost inflation has also been kept to a minimum with a rapid payment scheme, whereby subcontractors are paid in relation to the quality of their services and workmanship. For example, grade A subcontractors are paid within 14 days of invoices, while grade D subcontractors are invited in for a chat. MJ GLEESON (GLE) ORD PRICE: 540p MARKET VALUE: £292m TOUCH: 538-542p 12M HIGH: 550p LOW: 347p FORWARD DIVIDEND YIELD: 2.7% FORWARD PE RATIO: 12 NET ASSET VALUE: 254p NET CASH: £15.8m YEAR TO 30 JUN TURNOVER (£M) PRE-TAX PROFIT (£M)* EARNINGS PER SHARE (P)* DIVIDEND PER SHARE (P) 2013 61 4.8 9.0 2.5 2014 81 11.4 15.8 6.0 2015 118 23.4 34.3 10.0 2016* 131 27.4 40.6 13.5 2017* 143 30.0 44.4 14.8 % change +9 +9 +9 +10 Normal market size: 750 Matched bargain trading Beta: 0.04 *N+1 Singer forecasts, adjusted PTP and EPS A combination of cheap land prices and acceptable build costs means that gross profit per plot last year was up 5.5 per cent at £36,700. Home sales in the year to June rose by a third to 751, with a medium-term target of 1,000 a year. Meanwhile, sales outlets grew from 33 to 39, a number that is expected to reach 50 by June 2016. To meet this expansion Gleeson has been steadily growing its land bank, which now stands at 7,717 plots. It is now considering extending its business model outside its existing patch. No firm decisions have been taken, but a staged expansion into adjacent regions could treble Gleeson's addressable market, according to analysts at N+1 Singer. Gleeson's housebuilding activities in the north of England are supplemented by its land management business in the south. Turnover from strategic land sales doubled in the year to June, and the division has performed well ahead of expectations since then, selling two sites with planning consent for 405 residential homes and a further site of 112,700 sq metres for commercial use. Currently, the development land pipeline comprises 68 sites totalling 3,905 acres, with the potential to deliver around 21,250 homes. Of these, eight have planning consent, and six are being processed for sale in the current financial year. Prospects for further sales look promising, although, by the very nature of the planning process, sales revenue can be a little lumpy. IC VIEW: We think Gleeson's business focus, coupled with a strong management team, a robust balance sheet and highly favourable market conditions means it should be able to maintain its excellent record of earnings forecast upgrades in 2016. This should add fuel to the share price. Geographic expansion should boost growth potential and any news on this should be good for the share price. Buy. |
Posted at 31/10/2015 08:21 by buffetteer 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. |
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