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GLE Mj Gleeson Plc

622.00
-17.00 (-2.66%)
04 Oct 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  -17.00 -2.66% 622.00 147,084 16:35:27
Bid Price Offer Price High Price Low Price Open Price
611.00 638.00 639.00 639.00 639.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-oth Residentl 345.35M 19.31M 0.3307 19.32 373.06M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:27 O 35,000 631.89 GBX

Mj Gleeson (GLE) Latest News (4)

Mj Gleeson (GLE) Discussions and Chat

Mj Gleeson Forums and Chat

Date Time Title Posts
11/7/202407:06*** MJ Gleeson Group ***644
10/8/201110:22Gleeson Group63
27/10/200912:33.....2
26/11/200717:14Gleeson interims !62
14/10/200601:25pasta1

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Mj Gleeson (GLE) Most Recent Trades

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Mj Gleeson (GLE) Top Chat Posts

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Posted at 06/10/2024 09:20 by Mj Gleeson Daily Update
Mj Gleeson Plc is listed in the Gen Contractor-oth Residentl sector of the London Stock Exchange with ticker GLE. The last closing price for Mj Gleeson was 639p.
Mj Gleeson currently has 58,381,973 shares in issue. The market capitalisation of Mj Gleeson is £373,060,807.
Mj Gleeson has a price to earnings ratio (PE ratio) of 19.32.
This morning GLE shares opened at 639p
Posted at 11/7/2024 07:06 by siggs44
Good progress. Share should do very well.
Posted at 15/2/2024 08:29 by cerrito
I note Liberum retain target price at 610p and Singers at 590p.
Posted at 13/1/2024 18:32 by cerrito
Just seen this more upbeat view on Citywire
quote
MJ Gleeson (GLE) has announced a profit warning but Berenberg says the housebuilder and regeneration specialist is still in line with peers and can continue to win market share.

Analyst Harry Goad retained his ‘buy’ recommendation and target price of 518p on the stock, which was trading at 500p on Wednesday.

‘Profit warnings are never welcome and, while unexpected, the implied total decline in MJ Gleeson’s group margins in 2024 from the pre-crisis peak remains broadly in line with the wider UK housebuilder peer group,’ Goad said.

Over the mid-term, he said MJ Gleeson remains a top pick in the sub-sector ‘given its potential… for above-market growth’.

‘Specifically, we think its key proposition of developing good-quality family housing that is sold at prices materially below the UK market average positions it well for the current financially challenged market environment, where we think it can win market share from a new customer base over the coming years,’ he said.
Posted at 12/1/2024 10:35 by cerrito
Catching up here, I see that while Liberum are maintaining their target price at 610p they have reduced their eps for FY 24 and FY 25 by 22% and 26% respectively and also reduced their dividend forecasts.
Singers have reduced their target price from 626p to 590p ,reduced their forecasts by 24% and 27% for the two years but go on the basis of an unchanged dividend.
Posted at 10/1/2024 13:55 by disc0dave46
They reckon the average cost for the new building regs (June 23) is 5%.So taking glass half full, their selling price will no doubt include extra costs they haven't actually incurred by bringing starts forward..that's my take anyway.
Posted at 09/1/2024 14:24 by disc0dave46
Good luck folks. Given their broker has reduced earnings by 22% for this FY and 26% for the next im out. Luckily the recent rise has put me in profit for the first time in about 16 months.Going on broker forecasts this looks fully priced now IMO at a PE of 15x, the price to book is also above 1x. So I'm out for the time being anyway.
Posted at 09/1/2024 12:35 by cerrito
I had not heard of the advantages of starting a project by June 23 to avoid new building regs before, but perhaps reflects the fact that the only other builder I have shares in apart from GLE is BWY.is this something you folks have come across before?? .
All I can say is they must have v good relations with the planning departments of the councils involved to get all the conditions precedent before construction signed off so quickly ie the S106 ie The Transport Management Plan ie all the other bits of paper.
My plan this morning had been to top slice thid morning at c 530 but that obviously did not work out.
Posted at 09/1/2024 07:31 by lafiamma
Trading update has come out a couple of days early. Reads to me like a warning on margins, so expecting share price to drop in short term - anyone read it differently?
Posted at 26/10/2023 08:26 by lafiamma
9p ex div today yet no drop in the share price... Wakey wakey market makers!
Posted at 30/6/2023 07:20 by doc martens
MJ Gleeson plc ("Gleeson" or the "Company") is pleased to announce that it has entered into a contract with global investment firm Carlyle (NASDAQ: CG) and Gatehouse Investment Management, a market leading single-family housing investment manager, for the sale of 288 homes across multiple developments, of which up to 66 homes are expected to be completed in the financial year ending 30 June 2023 ("FY2023") with the balance in FY2024.

Consideration for the sale totals £50.4m payable in cash upon completion of each home, save for a small retention. The proceeds will be reinvested into the business for working capital purposes. This transaction strengthens Gleeson Homes' forward order book and allows the business to expedite the opening of new sites.
The Company will issue its next scheduled trading update, in respect of the year ending 30 June 2023, on 7 July 2023 and expects to confirm that it will deliver results for FY2023 in line with expectations.

Graham Prothero, Chief Executive Officer, commented:
"This transaction represents a compelling opportunity in the context of the current uncertain market environment and we are delighted to be working with partners of the calibre of Carlyle and Gatehouse, who value the quality of our product and the communities which we create."
Mj Gleeson share price data is direct from the London Stock Exchange

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