PIE-EATER
01 Mar 2017
Re: Whats not to like Daft Hare,I'm sure he knows a lot more than me as well...... !But if a share under performs both it's sector and the index it is in over the last year, despite issuing decent reports, one has to start asking questions....after all no-one is infallible (Warren Buffet with Tesco would be an example ).It could be that it is just totally out of fashion and will come absolutely roaring back, but if we have (allegedly) confidence (rising markets) and a decent report with 44% increase in divi and that doesn't get things moving.......Another factor could be that it is still one of the lower yielding house builders ????GLAPE
daft hare
01 Mar 2017
Re: Whats not to like Maybe...maybe not.Christopher Mills manager at North Atlantic Small Companies IT and Oryx International Growth Fund (IT) certainly likes Gleeson - it is his largest holding in both at c11%.I think Chris Mills knows a lot more about investing than I will ever know....so I'm for holding.
PIE-EATER
01 Mar 2017
Re: Whats not to like On the face of it, I agree.BUT, I have 2 caveats........1. A large portion of it's homes were sold under help to buy previously and this has now stopped. Yes the mortgage market may be in a slightly better position than when HTB was launched but this is still a slightly negative development2. The share price just doesn't seem to react to positive news in the way it probably should. Maybe this is just an impression and I am wrong, but at the minute this is the house builder that is most under pressure to be sold and re-invested elsewhere. I will see what the forthcoming days / weeks hold in respect of price movements following these interims but if it stays fairly rangebound then I may have to look elsewhere.regardsPE
CIPFAMAN
01 Mar 2017
Whats not to like I really can't pick fault with this business and its broker has increased the price target again.Not only has it expanded well within its means but remained very profitable and cash positive. Probably the most important thing is that it is providing affordable quality homes as good as any of the big builders but substantially cheaper. They may not be in the best locations but 30 to 40% savings make these homes attainable for anyone in full time employment. I have been a long term holder of these shares ever since the existing high quality management team commenced their involvement. The dividend has now improved and I see no reason why the share price shouldn't reach the brokers target and beyond.
smiles1
26 Oct 2016
whats going on? £6 to £5 in no time - not happy!
dazedandconfused
30 Sep 2016
Re: NEW ARTICLE: MJ Gleeson is ray of sunshi... Obviously one of the Non-Execs didn't think it has that much more to go, selling a million shares yesterday (but less than 10% of his holdings, if i read it right). On a much much smaller scale, GLE has had planning refusals/knock-backs on a couple of speculative sites in SEast recently i have seen in local business news, and i similarly took profits on half my SIPP holdings on Weds...banking a 50% rise in a year.
II Editor
26 Sep 2016
NEW ARTICLE: MJ Gleeson is ray of sunshine "A focus on delivering low-cost homes quickly cancelled the savage post-referendum plunge at LSE:GLE:MJ Gleeson, and a set of strong full-year results has pushed the housebuilder back close to all-time highs. It's rallied nearly 60% since June and ..."[link]
dazedandconfused
05 Jul 2016
Re: "Our business plans have not changed; fo... And the market seems to agree...
SaltyDog461
05 Jul 2016
"Our business plans have not changed; for us it's business as usual." Strong message, but a bit to early to really tell what the Brexit is actually going to look like let alone its medium/long term impact.
smiles1
05 May 2016
Bombed again! This is a crazy - what's happening with this share?
smiles1
06 Mar 2016
Midas Share Tip Update [link]
In the dark yet again
16 Feb 2016
Re: Shocking Week - From £6.25 You might well be right.... then again aiming and achieving are not necessarily the same thing. It has come an awful long way and, well as stop is a stop, a profit is not 100% real until it's realised.I have to be happy with the return I've had particularly given the state of the market in general. GLE will still be on my radar just, with P/Es approaching 25, the air is already pretty thin so you don't have to miss by much before there's a significant reaction.Regards,ITDYA
valuemanbuyer
16 Feb 2016
Re: Shocking Week - From £6.25 They are aiming to triple the size of the house buidling division - that's the scale of the opportunity uncovered. There is every chance of further progress towards that goal by incrementally opening new regional offices near to current ones -a creep effect. With government support behind the sector and a growing economy I see a really good future over next few years. I was going to sell at £6'but have decided to hold and watch the story unfold .
In the dark yet again
15 Feb 2016
Re: Shocking Week - From £6.25 Or just massively overbought in the 1st place. Me, I like what the do and the inner city brownfield low cost(ish) stuff is going to be in demand for the foreseeable future but it is limited by site availability and this one has come a long way over the past few years, probably ridiculously unfashionable a few years ago to ridiculously fashionable in recent months. The improved financials are good but in no way justify a 4 fold increase in the SP......... so some of us have been watching with mild disbelief at the extent of the rise but reluctant to sell something with this kind of momentum so holding but dragging our stops up tight in behind. Mine got triggered last week at £6 and I suspect I am not alone.I will be looking for a chance to buy them back but, it's got to stabilise, everything has to stabilise before that happens.Regards,ITDYA
casey5521
12 Feb 2016
Re: Shocking Week - From £6.25 Agreed SmilesGLE has been a pretty reliable share and this blip is only explicable in the general downturnWE will just have to weather the storm and consider it a good buying OP GLAKC
