Added to YB: 2026-02-24
Pitch date: 2026-02-20
GLE.L [neutral]
MJ Gleeson plc
+2.01%
current return
Author Info
No bio for this author
Company Info
MJ Gleeson plc engages in house building, and land promotion and sale businesses in the United Kingdom.
Market Cap
GBP 204.2M
Pitch Price
GBP 3.49
Price Target
N/A
Dividend
3.14%
EV/EBITDA
8.15
P/E
14.29
EV/Sales
0.61
Sector
Household Durables
Category
value
The European Deep Value Week – 2026/07 | MJ Gleeson plc – H1 Robust but Cautious on FY Outturn; Guidance Update Due in April
GLE.L (update): H1 rev +9.6% to £173.1M, operating profit -17.6% to £4.2M as Homes margin fell to 4.1% (5.8% prior) on lagging price vs cost & high incentives. Completions 848, ASP £198.8K (+2.5%), order book +64% to 978 plots. Net debt £22.5M. Open-market demand improving (+38% reservations) but bulk investor market weak. FY guidance achievable if strong spring; update April 2026.
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