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
  24.00 4.63% 542.00 58,236 16:27:26
Bid Price Offer Price High Price Low Price Open Price
532.00 542.00 566.00 520.00 520.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 249.90 41.21 60.97 8.9 315
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 835 542.00 GBX

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Mj Gleeson Daily Update: Mj Gleeson Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker GLE. The last closing price for Mj Gleeson was 518p.
Mj Gleeson Plc has a 4 week average price of 514p and a 12 week average price of 514p.
The 1 year high share price is 1,010p while the 1 year low share price is currently 512p.
There are currently 58,067,535 shares in issue and the average daily traded volume is 38,635 shares. The market capitalisation of Mj Gleeson Plc is £314,726,039.70.
bwm2: Lex I agree. Hopefully good news on land sales and housing sales reignited. They are in the sweet spot in respect of price and location at the moment and could be providing cannon fodder for buy to let buyers who are restricted by the new rules to cheap high yield properties
bwm2: Ditto. My other favoured stock in the sector which complements gle is inland homes but both holdings currently modest after completely exiting the market in early March
lex ixtle: Good point bwm2. But past experience suggests stamp duty savings are often translated into price hikes by sellers. Sorry, can’t help being a bit cynical. You are right to point it out. I confess I don’t know how to call the housing market generally at the moment - or much else, economy wise!
bwm2: Lex Don't disagree with any of your points and thankyou for your appraisal. All I would add is that at an av selling price of circa £120k they are below the prices positively impacted by the reduction in stamp duty Singer recommenced guidance this week
lex ixtle: I don't think anyone really knows what the economic impact of COVID will be. Housing need has not gone away, but many people will lose jobs and be unable to afford mortgages and will mortgages continue to be readily available? We have already seen some lenders increase the minimum deposit (eg to 15% Nationwide) and although government support for housebuilders will no doubt continue, it is just impossible to predict how bad the economic impact on housebuilders will be. My personal opinion (and it is no more than that) is that GLE is better able to weather the storm than many others. Its housebuilding arm is focused on providing low-cost homes and starter homes, many of which are bought by FTBs with family support. And the housebuilding business is focussed on northern England. Its strategic land business is a jewel in the crown of the company as it finds opportunities, gets planning and then sells on to the bigger housebuilders, in the south and midlands where demand is greatest. The strategic land business has been crucial in past years to delivering consistent profits. Hopefully, GLE will now see greater merit in retaining the Strategic Land business as it helps avoid concentrating all GLE's eggs in one basket. Previous attempts at selling off the Strategic Land business should be abandoned as the modest diversification which these two business limbs provide is very valuable. IMHO, GLE is a definite "hold" for now and I will be looking to increase my holdings as I would expect to see a bounce-back over the next 18 months or so. Remember, we are now in volatile time and anything can happen - including black swan events such as COVID, but the new management at GLE since Jolyon Harrison was dismissed is well placed in its market.
davebowler: 8 Apr MJ Gleeson Plc ("MJ Gleeson", the "Company" or the "Group") Results of Placing The board of MJ Gleeson, the low-cost housebuilder and strategic land specialist, is pleased to announce the successful completion of the placing announced earlier today (the "Placing"). A total of 2,730,100 new ordinary shares of 2 pence each (the "New Ordinary Shares") were placed by Liberum Capital Limited ("Liberum") at a price of 600 pence per share (the "Placing Price") to certain existing shareholders and other high-quality institutional investors, raising approximately GBP16.4 million gross proceeds.
ali47fish: where is everyone -meantime GLE has been motoring up but no idea if its a buy opp- directors buying and placing -any comments from poeple with insight welcome!
siggs44: Great results for Gleeson. Wish this share was a bit more noticed as it is doing great things for housing in the North of England.
master rsi: 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: 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.
Mj Gleeson share price data is direct from the London Stock Exchange
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