MJ Gleeson

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Market Cap:
£437.79 m
52 weeks high
52 weeks low

Viewing results 1-21 of 21


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 ...

on 4/7/19

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”...

on 10/6/19

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)”...

on 10/6/19

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...

on 14/2/19

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...

on 7/1/19

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...

on 14/12/18
Retail & consumer

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...

on 6/12/18

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 company chairman, Dermot Gleeson...

on 6/12/18

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."...

on 17/9/18

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...

on 25/7/18
Retail & consumer

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...

on 5/7/18

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.”...

on 19/2/18

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...

on 4/1/18

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"...

on 25/9/17

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...

on 5/7/17

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....

on 5/7/17

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."...

on 5/4/17

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 forecasts....

on 4/4/17

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...

on 5/7/16