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
  14.00 1.74% 820.00 802.00 818.00 818.00 810.00 812.00 183,659 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 196.7 37.0 55.6 14.8 448

Mj Gleeson Share Discussion Threads

Showing 201 to 224 of 525 messages
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DateSubjectAuthorDiscuss
20/2/2012
09:28
Perhaps but I doubt it for now. Over 50% of my total portfolio is either in NAS, OIG or certain portfolio constituents thereof such as GLE. It's fair to say I'm a bit of a Chris Mills buff and I stumbled on GLE by going through his listed portfolio looking for ideas. The last big shareholding that they sold out of in a takeover was Castle Support Services about 18 mths ago. Since then they've taken over GTL themselves (alongside a Scandinavian Inv Co) but other than that they have been pretty quiet. I'm hopeful of a few corporate transactions in the medium term at the latest. I just hope they are sales to third parties (like CSS) and not buyouts by Mills' funds (like GTL). I think GLE is highly unlikely to be bought out by the funds due to the premium required by the other shareholders and the size of the transaction required. A sale to another housebuilder has to be the strong favourite IMO. The question is how close to NAV they are able to achieve or even whether they can get a premium to take into account the tax losses and the upside specifics of the land portfolio not reflected in the accounts due to accounting at the lower of cost and net-realisable-value.
deswalker
20/2/2012
09:06
Very interesting Des! I'm holding three of those shares so my odds on corporate action are much greater than i thought. Thought i was catching you up by rounding my holding to 50k but i see not. Post 46 maybe not be that far wrong after all.
battlebus2
20/2/2012
08:45
bb - worth taking a look at this statement from Oryx last Friday ... http://www.investegate.co.uk/Article.aspx?id=201202170931256261X GLE is their largest holding (7% of Net Assets) and they say ... ...the Manager believes that there is the potential for corporate activity to occur in the Fund's quoted portfolio ... Now it doesn't take a rocket scientist to figure that GLE must be being prepared for some form of corporate action but it's nice to see it effectively implied by the Oryx management (who hold over 27% across three funds). I own some GLE indirectly via both OIG and NAS in addition to my 100k direct holding.
deswalker
20/2/2012
08:35
Slight mark down to 126/130 but it didn't last 5 mins with the buys sending us back to 132.
battlebus2
17/2/2012
16:33
Indeed indeed.
battlebus2
17/2/2012
16:32
The spread continues as I can't better 1.31 on TD waterhouse. Hence I'm standing on the sidelines and will aim to read up more over the weekend, AG PS Hi Battlebus- looks like we may share an interest in more than just Mlin & Moni eh?
aston girl
17/2/2012
15:24
Still 126/131 on my screen Retsuis. The 4p drop is only the last recorded AT trade not the true price. Cannot see much of a drop with results on the 28th ,they make shake a few sells but the path will be upwards markets allowing.
battlebus2
17/2/2012
14:43
bb Thanks,price has dropped this pm
retsius
17/2/2012
09:45
Retsuis for larger companies with lots of buyers the spread is low as there are plenty of buyers for the sells but for smaller companies like GLE there are relatively few trades in a week. The mm's can offset their risk of being left with shares at a price no one wants buy at by increasing the spread. Lots of tricks up the sleeves of those mm's. Lower the spread to encourage you to buy or raise the spread to put off buyers here i think they are playing safe after such a rise.
battlebus2
17/2/2012
09:29
battlebus2 Why is there such a spread between bid & offer prices?
retsius
16/2/2012
08:11
No stopping the buyers even with the 7p spread at the open.
battlebus2
15/2/2012
18:51
Start of the long catch up. Overcome my physcological fears and bought some more Des.
battlebus2
15/2/2012
17:20
Very nice rise at the finish.
retsius
15/2/2012
12:44
Spread now at 5p, designed to inhibit trading prior to the 22nd also, ADVFN is showing 2883 shares traded with no share price increase but a 3.5p increase on the offer...strange!
harmonics
14/2/2012
12:13
Nice to see the rise continuing. Psychologically it can't be easy to buy at these levels when it has been trading lower for the last twelve months or so. But prospective purchasers are hopefully realising that the company is in an even stronger position than back then and that it was the low prices that were anomalous and not current levels. Just look at its performance vs other housebuilders over the last year to see how it is only now starting to catch up. The Balance Sheet issued next week should be an absolute cracker IMO. As clean as a whistle with huge unrecognised tax losses held in reserve. Good luck to all holders, and well done to new buyers who have overcome the anxiety not to buy on a spike. IMO this is worth £2 so £1.30 still represents quite an opportunity.
deswalker
13/2/2012
19:36
Yes but not as undervalued as these without Gleeson's landbank and growing cash surplus. I still prefer GLE and MLIN out of the IC's bargain shares. Results on the 22nd should be interesting.
battlebus2
13/2/2012
19:30
Small rise but always welcome.Tef has nice pop.Topped up GLE last Friday.
retsius
13/2/2012
19:21
Quite a few buyers today.
battlebus2
13/2/2012
08:05
A bright opening should hit 140 buy results imv.
battlebus2
11/2/2012
08:22
Even at 122 to buy it's still 40% under book value never mind the increasing cash pile an the pick up in trading. Not to mention the possibility of a bid as Des says £2 a great target.
battlebus2
11/2/2012
07:38
My only regret is that I didn't buy more (damned hindsight!)but I may add shortly.
harmonics
10/2/2012
18:39
Funny i used to hold TRE but sold out after they put their assets up for sale. It maybe undervalued but a lot more risky than GLE very happy to add to these.
battlebus2
10/2/2012
17:41
Cheers bb - the author basically restates what I've been saying here. Good on him. Lots of these property shares sit on discounts but have large gearing. I prefer to do everything in debt-adjusted terms and quite often on that basis one can see why these discounts exist. But here it just magnifies the anomaly due to all that cash, as the author explains. Also the property is not some old derelict warehouse hoping to generate a yield with no hope of finding a buyer, it is land for housebuilding with a clear market either in its raw or developed state. The IC list only has GLE as 4th cheapest. I'll have to force myself to look at the cheaper shares (TRE, RES and TEF), although on first read I don't understand TRE, am not sure about the smell of TEF and RES looks a bit complicated too. On balance I think I'll stick with GLE :o) For once I made some very timely switches in the pension and got lucky with the availability of stock followed by the tip. But I'm not in for 10p here, I'm in for £2 per share at least. Des
deswalker
10/2/2012
17:13
Yes your buying very timely Des. Looking forward to the results. As you say the balance sheet looks fabulous not many companies on the markets with little or no intangibles. A wonderful week all round lets hope it continues! Started the red a little early to celebrate.
battlebus2
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