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
  0.00 0.0% 816.00 792.00 816.00 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 196.7 37.0 55.6 14.7 446

Mj Gleeson Share Discussion Threads

Showing 401 to 425 of 525 messages
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One of the other things that attracted me to invest in this company was the relative lack of share price volatility around black monday in august. This seems to be playing out again given the recent market shenanigans last month & this month. Hope I've not put the mockers on it.
I am only slow off the mark as returned late last night from hols - making my entry point a little more expensive, but hey as long as they keep increasing I will be happy.
the juggler
Exactly the reason it came off my watchlist last week and went onto the owned list !
I quite agree firtashia. I am looking for a new investment as I am solely invested in PAYS currently but have some spare cash looking for a rewarding home.
the juggler
Firtashia stock screen: +ve earnings upgrade cycle, +ve share price momentum, less than 15 comments about the stock on its thread on this BB over the last 3 months. This one fits the bill :-)
IC tip of the YEAR.
market sniper3
Also tipped back in spetember MJ 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.
Looks like this was recommended in IC today but I don't have access to the article.
slow n steady - my kinda share!!
Just seen the RNS and can't quite believe my luck that the share price has yet to move. Topped up!!
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.
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.
nice little breakout today. happy days.
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.
breakout occuring???
Whitman Howard give a target price of 583p. Sounds feasible.
yes I agree especially since they now have over 7 years of land in stock.
pretty good and looks like they're being less stingy with the divis!
Did anyone notice the excellent results from GLE ? i was excited to see the potential to triple .
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?
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.
lex ixtle
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.
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.
lex ixtle
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.
A rather substantial director sale.
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Mj Gleeson
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