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Prices & Quotes - UK Markets - MJ Gleeson (GLE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 768.00p
Change Today:
22.00p
Market Cap:
447.79m
Sector:
Construction & Materials

MJ Gleeson FY results seen 'marginally ahead' of expectations

By Iain Gilbert

Date: Friday 09 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Housebuilder MJ Gleeson said on Friday that it expects results for the year ended 30 June to be "marginally ahead of market expectations" and in line with those achieved in 2019.
MJ Gleeson said its Gleeson Homes unit completed the sale of 1,812 homes during the year, a record number for the division and an increase of 69% year-on-year and 18.5% when compared to the pre-Covid year to June 2019.

The London-listed firm noted that the average selling price of homes sold during the year increased by 11.4% to 145,800.

MJ also stated that demand remained "robust", with the Gleeson Homes division entering the new financial year in "a strong position", with a forward order book standing at 134.1m on 841 plots.

The land pipeline of owned and conditionally purchased plots at 30 June also increased, up 14.9% to 15,863 plots on 152 sites, of which 7,933 plots on 65 sites had been conditionally purchased subject to planning permission.

Chief executive James Thomson said: "I am pleased to announce that pre-tax profit is expected to be in line with that achieved in 2019, our last financial year before the impact of the pandemic."

"With a strong pipeline of sites in both our Gleeson Homes and Gleeson Strategic Land divisions, we begin the new financial year confident of delivering further sustainable growth for all our stakeholders."

As of 0930 BST, MJ Gleeson shares were up 0.23% at 872.0p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MJ Gleeson Market Data

Currency UK Pounds
Price 768.00p
Change Today 22.00p
52 Week High 900.00p
52 Week Low 714.00p
Volume 13,019
Shares Issued 58.31m
Market Cap 447.79m
Beta 0.04

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MJ Gleeson Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Oct-21 04-Mar-21
Paid 22-Nov-21 06-Apr-21
Amount 10.00p 5.00p

Trades for 17-Jan-2022

Time Volume / Share Price
16:15 49 @ 760.00p
15:46 483 @ 748.00p
15:35 393 @ 755.36p
15:35 4 @ 750.00p
15:35 500 @ 750.00p

MJ Gleeson Key Personnel

CFO Stefan Allanson
CEO James Thomson