Mj Gleeson Share Discussion Threads

[bwm2] 12/9/2020 07:37

Lex I agree. Hopefully good news on land sales and housing sales reignited. They are in the sweet spot in respect of price and location at the moment and could be providing cannon fodder for buy to let buyers who are restricted by the new rules to cheap high yield properties

[lex ixtle] 11/9/2020 14:22

I’m expecting Gleeson to outperform the market. My humble opinion only but with low cost housing and a strong strategic land division it seems better placed than many of its competitors

[ali47fish] 11/9/2020 10:18

god why is this thread so thin: there's an update due monday any idea what to expect?

[bwm2] 23/7/2020 10:27

Ditto. My other favoured stock in the sector which complements gle is inland homes but both holdings currently modest after completely exiting the market in early March

[lex ixtle] 23/7/2020 09:57

Good point bwm2. But past experience suggests stamp duty savings are often translated into price hikes by sellers. Sorry, can’t help being a bit cynical. You are right to point it out. I confess I don’t know how to call the housing market generally at the moment - or much else, economy wise!

[bwm2] 23/7/2020 08:56

Lex Don't disagree with any of your points and thankyou for your appraisal. All I would add is that at an av selling price of circa £120k they are below the prices positively impacted by the reduction in stamp duty Singer recommenced guidance this week

[lex ixtle] 23/7/2020 08:41

I don't think anyone really knows what the economic impact of COVID will be. Housing need has not gone away, but many people will lose jobs and be unable to afford mortgages and will mortgages continue to be readily available? We have already seen some lenders increase the minimum deposit (eg to 15% Nationwide) and although government support for housebuilders will no doubt continue, it is just impossible to predict how bad the economic impact on housebuilders will be. My personal opinion (and it is no more than that) is that GLE is better able to weather the storm than many others. Its housebuilding arm is focused on providing low-cost homes and starter homes, many of which are bought by FTBs with family support. And the housebuilding business is focussed on northern England. Its strategic land business is a jewel in the crown of the company as it finds opportunities, gets planning and then sells on to the bigger housebuilders, in the south and midlands where demand is greatest. The strategic land business has been crucial in past years to delivering consistent profits. Hopefully, GLE will now see greater merit in retaining the Strategic Land business as it helps avoid concentrating all GLE's eggs in one basket. Previous attempts at selling off the Strategic Land business should be abandoned as the modest diversification which these two business limbs provide is very valuable. IMHO, GLE is a definite "hold" for now and I will be looking to increase my holdings as I would expect to see a bounce-back over the next 18 months or so. Remember, we are now in volatile time and anything can happen - including black swan events such as COVID, but the new management at GLE since Jolyon Harrison was dismissed is well placed in its market.

[bwm2] 23/7/2020 07:05

Yes dropped all day and a £100k sale at end pushed a further 20p lower.

[ali47fish] 22/7/2020 18:17

well this one has not stopped going down! is it a buy opp!

[lex ixtle] 30/6/2020 15:06

End of financial year today. Probably fear of COVID-related knock to profits?

[ali47fish] 30/6/2020 09:20

why is this one being eroded

[davebowler] 14/5/2020 16:54

hTTps://www.stockomendation.com/rns/27680133

[davebowler] 06/5/2020 22:46

HTtps://www.thisismoney.co.uk/money/investing/article-8280443/Rebuild-investment-bargains-Britain-gets-work.html

[ali47fish] 29/4/2020 07:34

director buys

[lex ixtle] 23/4/2020 13:19

Thanks, Dave. This successful placing seems to amount to a vote of confidence in the business and its management.

[davebowler] 23/4/2020 09:44

8 Apr MJ 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.

[lex ixtle] 09/4/2020 18:06

CEx - Chief Executive

[ali47fish] 09/4/2020 15:33

Thank you lex- whats CEx

[lex ixtle] 09/4/2020 10:38

New CEx being tested by Covid19. Seems to be taking a sensible approach to furloughing etc. Should do better in the longer term and when house builders rise, should follow them up. Could be a while yet however in current circumstances.

[ali47fish] 09/4/2020 09:49

where is everyone -meantime GLE has been motoring up but no idea if its a buy opp- directors buying and placing -any comments from poeple with insight welcome!

[lex ixtle] 03/3/2020 18:12

Yes - imho

[gbh2] 03/3/2020 15:40

So it's basically illiquid? I've been watching it along with others house builders but atm it's not looking as attractive and any of the others.

[lex ixtle] 03/3/2020 14:32

Yes. I think it reflects a low volume of availability of stock.

[gbh2] 03/3/2020 13:16

Is there always such a huge spread between buy/sell sp?