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GLE Mj Gleeson Plc

0.00 (0.0%)
05 Dec 2023 - 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
  0.00 0.0% 440.00 198,709 16:35:27
Bid Price Offer Price High Price Low Price Open Price
438.00 441.00 446.00 438.00 440.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-oth Residentl 328.32M 24.17M 0.4145 10.57 255.38M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:17:51 O 112 440.00 GBX

Mj Gleeson (GLE) Latest News

Mj Gleeson (GLE) Discussions and Chat

Mj Gleeson Forums and Chat

Date Time Title Posts
17/11/202312:59*** MJ Gleeson Group ***609
10/8/201109:22Gleeson Group63
26/11/200717:14Gleeson interims !62

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Mj Gleeson (GLE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-05 17:18:01440.00112492.80O
2023-12-05 17:15:00440.0046,389204,111.60O
2023-12-05 17:09:51440.003301,451.99O
2023-12-05 16:45:13440.002296.80O
2023-12-05 16:35:27440.00199875.60AT

Mj Gleeson (GLE) Top Chat Posts

Top Posts
Posted at 05/12/2023 08:20 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 440p.
Mj Gleeson currently has 58,306,337 shares in issue. The market capitalisation of Mj Gleeson is £255,381,756.
Mj Gleeson has a price to earnings ratio (PE ratio) of 10.57.
This morning GLE shares opened at 440p
Posted at 15/11/2023 13:48 by siggs44
Has something leaked. This share never moves like this.
Posted at 26/10/2023 07:26 by lafiamma
9p ex div today yet no drop in the share price... Wakey wakey market makers!
Posted at 11/8/2023 17:57 by gargoyle2

GLE gets a mention.
Posted at 08/7/2023 08:02 by disc0dave45
Interesting, particularly that house building construction materials only increased 0.5% from March to April 2023, the lowest of all the construction categories. As GLE have stated, not that you are in any way interested, they have covered inflationary costs by increasing selling prices and cost efficiencies.Can't see in the report any mention of stock piling and how that's impacted on material purchases more recently.Keep burning the midnight oil chap.
Posted at 07/7/2023 13:59 by essentialinvestor
Worth keeping in mind the listed HB's are not a direct proxy for the wider UK house market. HB's earnings largely driven by volume and margin on those sales.

UK house market has remained relatively resilient (at least to this point)
while sector share prices have been flattened.
Posted at 07/7/2023 13:01 by disc0dave45
FBDon't think you've even read the update:"Selling prices were resilient, underpinned by a shortage of supply, and helped to offset material and labour cost increases experienced across the sector in the period. The average selling price of Gleeson homes sold during the year increased by 11.3% to GBP186,200 (FY2023: GBP167,300)."
Posted at 30/6/2023 06:20 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."
Posted at 16/2/2023 07:48 by aishah
Yes, £4m savings, selling price up to £186,400 which is very affordable:

"Whilst the sharp rise in interest rates during the period significantly increased mortgage costs, a Gleeson home continues to be affordable for a couple earning the National Living Wage (which will increase by 9.7% on 1 April 2023), without requiring Help to Buy support. Demand continues to be underpinned by the affordability of our homes and the critically undersupplied nature of our segment of the market. We are also increasingly selling to customers who would have previously bought a home from a more expensive developer, but who are attracted by Gleeson's affordable price points and high quality.

The cost of owning a Gleeson home remains lower than the cost of renting an equivalent property, and the advantages of home ownership - both economically and socially - remain clear. Gleeson homes are also highly energy efficient, requiring around half the energy to heat and power than existing housing and our customers therefore benefit from both the financial savings and the health and wellbeing benefits of living in a modern, well insulated home."

NAV 476.5p, ROCE 20%

Happy to hold/add
Posted at 18/11/2022 10:08 by ghhghh

You are being unfair! The turmoil post mini budget was unprecedented and caught everyone with their trousers down

The others have recovered because they had about double the exchanged forward sales. But only gives them more breathing room and time to adjust

Hence Gleeson (with 30% forward sales) are first in line to suffer the full impact of slowdown.

The issues are

Can they survive without write downs (altho in the price)? Peel Hunt say yes and should maintain +ve net cash. EPS cut by 30% but again, in the price.

How much business can they poach from the bigger players? They have always claimed that they are best placed/most defensive for this reason. We will find out now!

Finally, just how much bad news is in the price. Since the post budget lows other HB's are up 20% and Gleeson down 20%. This is crazy. Either Gleeson far too cheap or they are over bought.

Finally what's spooked the markets is the drop to .26 site sales but Gleeson the most up to date and the other HB's have quoted average from pre post budget, hence misleadingly high.

Gleeson must be a takeover target down here. It's also the only HB the Govt will try to support
Posted at 15/9/2022 13:41 by kalai1
MJ Gleeson plc posted FY results for the year ended 30th June 2022. The numbers reflect strong underlying demand for high quality, affordable housing, the Group achieved its medium-term strategic objective of delivering 2,000 homes pa. Gleeson Homes sold 2000 units, a 10.4% increase on FY21, with average selling price up 14.7%. Group revenues were up 29.4% to £373.4m, PBT was up 33.1% to £55.5m and EPS was up 34.2% to 78.1p. Valuation is attractive with forward PE ratio at 6.4x, the business is also reasonably high quality. Main clouds for the investment case are the weakening macro environment and lack of share price momentum. GLE is a solid, profitable homebuilder at an attractive valuation and is certainly worth monitoring, but there is no immediate rush to buy...

...from WealthOracle

Mj Gleeson share price data is direct from the London Stock Exchange

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