Share Name Share Symbol Market Type Share ISIN Share Description
Mj Gleeson Plc LSE:GLE London Ordinary Share GB00BRKD9Z53 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00 -1.22% 808.00 808.00 816.00 818.00 808.00 816.00 23,563 13:30:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 196.7 37.0 55.6 14.5 442

Mj Gleeson Share Discussion Threads

Showing 301 to 323 of 525 messages
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
DateSubjectAuthorDiscuss
23/1/2013
09:27
Housebuilders enjoy state-backed boom Five years ago, Britain's housebuilders were struggling to survive. Home sales had halved and land values were plummeting. Now, a 1930s-style state-backed building boom is seen as the panacea for an ailing economy – and the country's biggest housebuilders are reaping the benefits. David Cameron, the prime minister, has spoken of "getting Britain building" – with business secretary Vince Cable championing new-build programmes as a way to get real demand into the economy quickly. Planning minister Nicholas Boles has suggested countryside twice the area of Greater London should be covered in houses. If words translate into action, it could boost an industry that has already been buoyed by government efforts to stimulate construction and mortgage lending. At the largest-listed housebuilders, almost a fifth of sales has been supported by government schemes, such as FirstBuy and NewBuy. And the Bank of England's Funding for Lending scheme has encouraged banks to advance cash to homebuyers, and slightly to improve mortgage availability. Largely as a result, the FTSE housebuilders subsector has risen 46 per cent in the past six months, despite stagnant UK house prices. Companies such as Barratt, Taylor Wimpey, Berkeley and Redrow have been delivering record increases in profits, with earnings up 40-50 per cent in the past year. Noble Francis, economics director at the Construction Products Association, said housebuilders would suffer if the government were to squeeze its stimulus – but "that's not going to happen". Funding for Lending is expected to continue until 2014. The government has recently injected a further £280m into FirstBuy, which reduces mortgage rates for first-time buyers. For investors, the question is the extent of the housebuilders' reliance on schemes to sustain new-found profitability. Arguably, much of the hard work to turn their businesses round had already been done. Although housebuilders were badly affected during the financial crisis – with smaller companies going bust and listed groups forced to raise more cash and write down land values – they were also able to exploit falling prices to buy land cheaply. According to Knight Frank, land prices fell by as much as 60 per cent from the peak of the boom in 2007 to the end of 2009. It prompted many to gamble on a recovery. Galliford Try, for example, raised almost £120m to buy land at distressed prices. The bets have paid off. Even so, housebuilders have stayed focused on profitability rather than sales. They have built more lucrative family homes rather than apartments, targeted London and the southeast, and built on land bought at the lowest prices. That has delivered sharp growth in margins: from about 9 per cent to 11 per cent last year. They continue to buy land, as well. Barratt, for example, is buying at its fastest rate ever. Between them, the listed housebuilders have an average of five years' worth of land in their banks. But profitable housebuilders do not necessarily deliver government objectives. Housing starts fell 10 per cent last year – to less than half the 263,000 homes a year needed to match demand. Smaller and medium-sized builders still suffer. It has inspired accusations of land hoarding. Kate Houghton at Campaign for the Protection of the Rural Environment, says: "We understand that housebuilders need a pipeline of sites behind them and that they have a business to run. "But, equally, if they have development permission, they should be concentrating on getting houses built." According to the Local Government Association, there are 400,000 plots with planning permission awaiting development. One problem is that housebuilders are essentially land traders so, when plot prices are expected to rise, they have little incentive to develop land. "The major housebuilders are not going to double the number of units they build because it's not in their interest," says Mr Francis. "It would halve land values and margins. If they built too fast, it would reduce the sales price – and they are unlikely to do that." The biggest hindrance is still mortgage availability. Aynsley Lammin, analyst at Citi, says housebuilders will increase volumes but only as the market and mortgage availability allow.
galles
14/1/2013
13:01
Are you calculating the market cap yourself and if so how many shares in issue are you using. If you are getting the info from a broker not all of them are good at this.I do know!!!
exbroker
12/1/2013
22:12
At the time I posted (7th Dec), the market cap of GLE stood at around £90m, which put it roughly a couple of million ahead of the required amount to gain entry into the FTSE SmallCap Index. Looks like GLE has to turnover "at least 0.035% of their shares in issue (after the application of any investability weightings) based on their median daily trade per month for at least ten of the twelve months prior to the annual index review"
sphere25
11/1/2013
18:56
Sphere25 re my post 163, what market cap on what date did you use to establish eligibility? Did you get this info off a broker, if so some are better at this that others!!! My system is giving me conflicting signals which is odd. I may have to do a trade and weightings analyst on this one for the June review.
exbroker
11/1/2013
14:49
Cheers BB2, looking good here and would hope to see £2 and over £100m market capital by results.
stluke
11/1/2013
13:53
I.C. MJ Gleeson (GLE) sold 53 per cent more homes in the six months to December, boosting 65 per cent to £33.2m. Profits for the full year are expected to well ahead of last year. We keep our buy rating.
battlebus2
11/1/2013
08:11
Yes, very positive : initial market reaction seems positive also.
bluebelle
11/1/2013
08:03
Very positive sounding first half and upcoming year, really good sector to be in.
stluke
27/12/2012
23:06
Thanks for that Exbroker. Suspected something as such - definitely all the wiser.
sphere25
27/12/2012
21:11
Sphere25 it is on the ineligible list for lack of liquidity and wont be eligible until June when the next annual review takes place. The volumes required are adjusted to reflect the free float.There are other smaller companies that have the same problem of liquidity such as ZTF, RE. CGS CAY AGIT to name but a few. Lets hope that the volume so far this year is enough to get it in to the All Share in June 2013.
exbroker
24/12/2012
00:06
Unfortunately not. It hit the eligibility requirement on the market cap but clearly failed on one of the other requirements. I suspect those who have followed this stock a great deal longer than I have might be able to shed some light on what this might be. At a guess, it could be related to a free float or some other weighting factor.
sphere25
21/12/2012
22:16
Did GLE get promoted?
baxter99
07/12/2012
13:28
np another one here: http://www.doncasterfreepress.co.uk/news/business/cash-set-aside-for-homes-bid-1-5195229 Banking switch: http://www.insidermedia.com/insider/yorkshire/81447-mj-gleeson-makes-co-op-banking-switch/ AGM statement has gone down well - another 52 week breakout atm Looks a distinct possibility that this could be promoted into the FTSE small cap on Wednesday, which would add a great deal of buying pressure from the trackers.
sphere25
07/12/2012
11:48
Positive and confident confirmation of the November IMS this morning.
bluebelle
06/12/2012
13:53
Thanks Sphere - interesting.
bluebelle
06/12/2012
13:41
Thanks for posting the link I had not seen this and do hold a few GLE.
exbroker
05/12/2012
10:23
http://www.theconstructionindex.co.uk/news/view/building-work-near-on-rotherham-chemical-site
sphere25
29/11/2012
16:40
That was a cracking finish to the day and new highs.
battlebus2
22/11/2012
12:58
Continuing upwards to new highs.
battlebus2
16/11/2012
15:02
Investors Chronicle likes the update-MJ Gleeson ( GLE ) has updated on a strong trading period for the housebuilder and construction specialist in which total sales are running 42 per cent ahead of last year. Buy.
battlebus2
16/11/2012
13:52
Hi spob well done on taking your profits can't fault you for that. As you know there are no concensus figures only conjecture based on NAV, current trading and increase in profits into 2013 when they should return to steady dividend payments.The prospect of rising revenue from house sales combined with a planned reduction in the rate of growth of the land bank means that the Group expects to become cash generative in the second half of the current financial year and, broadly, to remain so for the foreseeable future. Against this background, the Board hopes to be able to recommence regular dividend payments in 2013." I would expect at least 5p.
battlebus2
16/11/2012
13:06
battlebus2 what earnings/dividends forecasts do you have over the next two years
spob
16/11/2012
11:54
I have to believe these will double from here in the next two years not to mention the likely dividend payments.
battlebus2
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