Mj Gleeson Share Discussion Threads

[master rsi] 04/7/2019 15:52

A couple of 500 and 800 shares as "O" got the "AT"s on the move and now 800 v 810p +77p

[master rsi] 04/7/2019 12:28

From MIDDAY MARKET REPORT....

"Elsewhere on the London Main Market, MJ Gleeson was up 5.4% after reporting continued demand for new homes in its most recently ended financial year, resulting in "record" performances of its Homes and Strategic Land divisions.

The Gleeson Homes division delivered its largest annual volume growth in the year to the end of June, selling 1,529 homes, a 25% increase compared with the previous year's total of 1,225 homes.The housebuilder said it is confident that the results for the financial year will be "comfortably" in line with expectations."

[master rsi] 04/7/2019 11:03

778.00 +40.00 +6.30%

Improving share price as the "AT"s are more active due to higher volume 29K so far

[master rsi] 04/7/2019 09:05

From the "UPS" thread ..........
GLE 775.40p +43.80p +5.99% - TRADING UPDATE
MJ Gleeson plc (GLE.L), the low-cost housebuilder and strategic land specialist, will report results for the year ended 30 June 2019 on Monday, 16 September 2019.

Gleeson Homes

Gleeson Homes builds low-cost homes for sale to people predominantly on low incomes in the North of England and the Midlands.

Gleeson Homes delivered its largest annual volume growth selling 1,529 homes during the year, a 25% increase compared with the previous year's total of 1,225.

Gleeson Homes remained active in purchasing sites in both existing and new areas during the year. The land pipeline of owned and conditionally purchased plots at 30 June 2019 increased by 5.6% compared to the prior year end, totaling 13,575 plots, of which 7,050 plots have been purchased subject to planning permission. In addition, there are a further 473 plots which are in the pipeline to be acquired.

Gleeson Homes is currently active on 69 sites and anticipates an increase to 80 or more sites during the coming year.

The division is comfortably on track towards achieving its stated target of doubling volumes to 2,000 new homes per year by 2022.

Gleeson Strategic Land

Gleeson Strategic Land is a land promotion business that enhances the value of land by securing mainly residential planning consents, predominantly in the South of England.

During the year Gleeson Strategic Land sold nine land interests with the potential to deliver 1,755 plots for housing development.

The business has commenced the current financial year in a strong position. Nine sites with planning permission, or resolution to grant, have the potential to deliver 2,929 plots for housing development. Three of these sites are in a process for sale. Planning decisions are expected on a further six sites.

The portfolio comprises 60 sites which could deliver 21,730 plots and 44 acres of commercial land.

Summary

The Group ended the year with lower cash balances, as expected, of £30.3m (30 June 2018: £41.3m).

As a result of the Group's strong performance, the Board is confident that the results for the financial year will be comfortably in line with expectations.

James Thomson, Interim Chief Executive Officer, commented:

"Gleeson Homes' unique model of acquiring land at low cost and building homes for sale to people predominantly on low incomes in the North of England and the Midlands continues to deliver sustainable growth as we progress towards our target of doubling volumes to 2,000 new homes per year by 2022.

"Both Gleeson Homes and Gleeson Strategic Land have delivered a record performance with the Group's positive outlook underpinned by continued strong demand."

[master rsi] 03/7/2019 08:49

Slowly moving higher ahead of tomorrow's update
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Not performing then TO

Struggling Telford Homes Agrees GBP267 Million Takeover By CBRE

Telford Homes PLC, which is currently wrestling with falling profitability, has agreed a GBP267 million takeover by US commercial real estate firm CBRE Group Inc, CBRE announced on Wednesday.

[master rsi] 01/7/2019 17:10

Recent trend ahead of results on Thursday 4th

[master rsi] 01/7/2019 16:27

"AT"s at 754 and 760p, gone over the Intraday high of last Friday

[master rsi] 01/7/2019 16:17

Is going places now 742 v 752p

[master rsi] 01/7/2019 15:18

It was easy peasy

Have £5k to spend? A ‘forever’ dividend stock that I’d buy before July
Royston Wild | Friday, 28th June, 2019

[master rsi] 01/7/2019 15:12

Already up from earlier cheap price and spread now 736 v 7.50p

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kazoom

I will have a look, but I posted on my thread "UPS" the day it came out

[kazoom] 01/7/2019 13:54

Do you have a link to that Motley Fool article MRSI?

I know people question the value of the Fool these days, but some of their authors produce content worth reading, even if only as a trigger to further research.

[master rsi] 01/7/2019 13:25

GLE growth Expectations

[master rsi] 01/7/2019 12:54

The Motley Fool - Jun 28, 2019 09:36
Singing 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-percentage rise in the period that’s about to expire. And this means dividends are expected to keep rising too, resulting in a jumbo 5% yield for the forthcoming period.

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.

[master rsi] 01/7/2019 12:35

Update is coming on the Thursday 4th
Everything is pointing to a good results considering at the interims profits were UP by 62%
spread very good at the moment 722 v 728p and also share price, just above the lows and bouncing from support.

[lex ixtle] 25/6/2019 20:40

Is that still on the cards? A very successful subsidy which JH was very keen to dump. Now he is gone, surely saner minds will step in to keep this successful and profitable business within the group?

[phil140158] 25/6/2019 15:45

Potential sale of Strategic land is also a factor to consider?

[cornishpasty78] 23/6/2019 13:11

Who knows, seems clear there is a big seller at the moment. Liquidity is not good on this share, doesnt take much. Dont get me wrong, i just bought some at 698, i consider that cheap for a company with the growth and divvy growth of gleesons, and its well oversold with nothing wrong with the company .

[lex ixtle] 22/6/2019 18:04

He may be limited by his contract - and he would be foolish to take action to damage his own (significant) investment. Mind you, he can of course afford a hit if he is truly p’d off by the Board.

[cornishpasty78] 22/6/2019 16:23

Jolyon selling some of his 1.9M shares seems a real possibility to me.

[lex ixtle] 21/6/2019 23:53

Expect volatility. Change of CEO will take time to settle and corporate plans will change. Underlying businesses are however still solid. Should recover as the ripples from CEO exit subside.

[twovvs] 21/6/2019 19:59

I cant find any info / news to support the drop post CEO news. Looking at volu6on Yahoo finance today, it looks like there were more buys than sells, with apps 100k / 170k bought at 11am today. All a bit strange?

[ali47fish] 21/6/2019 18:20

no one has commented on the contiuing fall here including a massive 8pc down today-anyone knows anything apart from the cfo leaving?

[nitbhav06] 13/6/2019 19:12

This is a great company. Continuous revenue and profit growth. Land will be worth a fortune over the next 5-10 years. Super bullish on Gleeson and the fact that the number of houses being built is increasing yoy is excellent. High p/e is justified as Gleeson is a growth stock and should continue to do so over the next decade. We do not have enough affordable housing in this country.

[lex ixtle] 13/6/2019 12:27

Well he is a very greedy person and perhaps the remuneration committee might have acted sooner. On the other hand he has added significant share value. If Gleeson get a good replacement then the share value should recover. LI