Company
MJ Gleeson
LON:GLE
MJ Gleeson plc specialises in urban housing regeneration and strategic land trading. Within these activities, we employ people with outstanding skills which we are determined to improve continuously and to deploy ever more widely and effectively for the benefit of our customers, our shareholders and society at large.
63 stories
Archive
FTSE 100 Live: Index down; Soft US producer price inflation lifts US stocks
The FTSE 100 was just off the mark on Tuesday afternoon
Builders and building materials
UK housebuilders and REITs current hotspots for shareholder upside
MJ Gleeson and Hammerson in vogue, Crest Nicholson and LandSec on the chopping block
MJ Gleeson says full-year results to outperform market expectations
The housebuilder expects the scale of pent-up demand for low-cost homes to continue to drive "significant growth"
Builders and building materials
MJ Gleeson names Graham Prothero as CEO after James Thomson steps down at year-end
Prothero is currently chief operating officer of Vistry Group PLC
Glencore and THG among the bad boys on Liberum's "best ideas for 2022" list
Glencore is a "dirty" business, unloved by investors, while THG went from being a stock market darling to a dog stock in a matter of months.
MJ Gleeson to beat forecasts as house prices rise in buoyant market
Higher selling prices have more than offset recent increases in material costs
MJ Gleeson PLC raises full-year guidance
Liberum nudged up its price target to 940p from 925p in the wake of what it described as “better than expected” results.
MJ Gleeson plans to revive dividend as housing and land pipelines both strong
The low-cost housebuilder currently has 80 building sites open, compared with 64 a year ago, and expect to open 14 more before the end of the year
MJ Gleeson profits slide but orders recover
The housebuilder aims to deliver 2,000 homes in 2022
MJ Gleeson sees recovery but full-year revenue to slump
The housebuilder has restarted construction activity and sales offices in most sites
MJ Gleeson drums up cash to meet first-time buyer demand once lockdown lifted
Around £4mln will be used to get sub-contractors and key trades ready to restart building, with another £2mln to secure materials
MJ Gleeson to meet forecasts despite dearth of land sales
It expects to meet forecasts after a "strong" start to the second half
MJ Gleeson sees greater certainty in housing market following election
Its own housebuilding arm, Gleeson Homes, sold 811 units during the six months to December
Builders and building materials
MJ Gleeson makes stand-in CEO permanent
Chairman Dermot Gleeson said James Thomson “has already made a significant impact at Gleeson”
Builders and building materials
Housebuilders diverge as analysts look for election winners
Shares in Gleeson were up 5% on Wednesday morning as Liberum picked it out as one of its top smaller housebuilders
MJ Gleeson posts record year-on-year volume growth
"Both Gleeson Homes and Gleeson Strategic Land have delivered a record performance with the Group's positive outlook underpinned by continued strong demand," said the company's interim CEO, James Thompson
Peel Hunt cuts MJ Gleeson to ‘reduce’ from ‘hold’ on valuation grounds in the wake of CEO departure
The City broker’s analysts said: “Following a very strong run in the shares in the ytd (+38%) they are trading on a CY19 PE of 13.2x (sector average 9.2x) and P/NAV of 2.1x (sector average 1.6x)”
Investments and investor services
MJ Gleeson boss booted out following disagreement with board over “his remuneration and succession planning”
The firm said that, following extensive discussions with Jolyon Harrison, its board concluded that “it was not possible to find a mutually acceptable basis for Mr Harrison to continue as chief executive officer”
MJ Gleeson sees half-year profit soar by over 60% on solid demand for its homes
The FTSE Small Cap firm, which sells homes to people on lower incomes in the Midlands and North of England, reported a 62.8% rise in pre-tax profit to £22.3 mln
Archive
FTSE 100 closes a tad higher but sentiment dented by US data
FTSE 100 closed up just over six points at 7,197, while FTSE 250 shed over 74 at 18,898
Archive
Drug firms AstraZeneca and Indivior to be in spotlight on Thursday
AstraZeneca, Indivior and Coca-Cola HBC are among the higher profile names in the schedule for Thursday.
Archive
Blue-chip corporate update mill to continue to grind, with RBS and AstraZenca to the fore
Aside from all the company news, the Week Ahead also brings the latest UK inflation and GDP growth data for investors to digest, while the Brexit saga will continue to roll on
MJ Gleeson's half-year results to be significantly ahead of prior year's
"We continue to see strong demand for our low-cost homes, supporting both increased build activity on existing sites and the opening of new sites across our target geographic area," Gleeson said
Investments and investor services
FTSE 100 closes lower after struggling to gain ground all day
The FTSE 250 on the other hand, a better gauge of UK companies, added over 180 points at 17,976
Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Canaccord sees housebuilding sector bouncing back after tough 2018
The broker said with the housebuilding sector pricing in significant risk after a challenging 2018, it now presents an attractive potential value opportunity
Builders and building materials
Liberum upgrades three housebuilders to 'Buy' as it sees upside from smooth Brexit outweigh no-deal risks
In a note to clients, the broker upgraded Barratt, Bovis Homes, and Crest Nicholson to ‘Buy’ from ‘Hold’ off what it said was an upside of “at least 20%” if a smooth Brexit materialised
MJ Gleeson reports increase in house-building activity
"Very strong customer demand in all regions, good mortgage availability and our ability to offer attractive levels of affordability to our customers, means that the outlook for the [Gleeson Homes] division remains very positive," said compa
MJ Gleeson confident after record year for its strategic land division
"Gleeson Strategic Land had a record year and continues to benefit from high levels of demand for consented land in prime locations from both large and medium-sized housebuilders."
Archive
UK inflation and retail sales data eyed, plus trading updates from Kingfisher and Ocado
Aside from the UK data and the retail updates, the Week Ahead will also bring news from the likes of Diageo, Dairy Crest, Smiths Group, Lamprell, and SIG
House-builders have fallen into buying range
Berenberg has initiated coverage on 11 house-builders and not one of them is a 'sell' in its book
Builders and building materials
Bovis Homes and Persimmon lower as mortgage rate rise looms
The house-builders continue to make money hand over fist in an environment that seems to have been cultivated to maximise their profitability but profitability may have peaked
MJ Gleeson sees strong home sales boost half-year profits
Dermot Gleeson, the firm’s chairman commented: “Land remains available to us at sensible prices and demand for our homes amongst our customer base remains strong.”
Investments and investor services
FTSE 100 ends in red after lacklustre session
The FTSE 100 extended the morning's losses toe end the day 47 points lower at 7,247
Archive
Banks to feature strongly in deluge of blue chip earnings, including Lloyds, RBS, Barclays
Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
MJ Gleeson expects first half results to “comfortably exceed" prior year, maintains full year results guidance
The urban regeneration and strategic land specialist said its Gleeson Homes business completed the sale of 593 units, up 31% on the previous half-year's total of 451 unit completions
MJ Gleeson becomes the latest housebuilder to brush aside political and economic uncertainty
“Our twin track strategy - the development of low cost homes for open market sale in the North of England and strategic land sales in the South - delivered another excellent year of increased volumes, margins, profit and cash"
FTSE 100 closes lower at 7,301 as pound eases against US dollar
FTSE 100 closed 9.35 lower at 7,301 and the FTSE 250 added over 49 points at 19,566
Archive
Focus on tour operators TUI and Thomas Cook and utilities in week ahead
Week ahead includes trading updates from tour operators TUI AG and Thomas Cook Group PLC, and numbers from Pennon Group PLC and United Utilities PLC
Gleeson’s bullish update the latest sign that northern property market is catching up with south
Investors and private buyers are driving up demand in places like Leeds and Manchester as they start to venture outside of London
Housebuyers queue to view Gleeson's homes as demand booms in the North
Profits this year will be above the top end of forecasts, the affordable housebuilder said.
FTSE 100 wavers ahead of the close as investors sift through slew of economic data
The UK blue chip index is fell 9 points to 7,340.30 in late afternoon trading
Archive
Final session of first-half of 2017 likely to bring rush of updates including Serco and Trinity Mirror
Day ahead: trading updates due from Serco PLC, Trinity Mirror PLC ...
Berenberg calls MJ Gleeson a “stand-out UK builder” as it starts coverage with a 'buy' and 740p target
In a note to clients, Berenberg’s analysts said: “We believe Gleeson has a cost leadership and market position that allows it to sustain profits at the high end of the sector and gives a clear path for continued growth."
Liberum Capital more cautious on UK housebuilders despite raising forecasts, targets across the sector
The analysts said they have raised earnings per share forecasts for the housebuilders by around 10% for 2017 and 15% for 2018 as its house price inflation forecasts rise to +3% in 2017 and +1% in 2018, reflecting improved UK economic foreca
Archive
Week ahead: ITV set to broadcast results as quantity set to rule over quality
Having seen the big drugs, oils, and banking sectors dominate over the past few weeks, investors will have less FTSE 100 results to digest in the coming week.
MJ Gleeson sees "business as usual" as low-cost home sales rise
Urban regeneration group sold 904 homes during the year to June 30, up 20.4% against last year’s 751
Week Ahead: Banking season arrives
It's a heavy week for trading updates, with the banks to the fore
Week ahead: Poundland to update on Spain venture
Poundland and the Royal Mail grab the corporate headlines but the Fed will also dominate the news
Archive
Shire acquisition divides opinions
Companies covered: William Hill, Paddy Power, house builders, Shire, Standard Chartered, Ryanair