Added to YB: 2026-05-13
Pitch date: 2026-05-05
GLE.L [neutral]
MJ Gleeson plc
+7.58%
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 147.3M
Pitch Price
GBP 2.31
Price Target
N/A
Dividend
4.36%
EV/EBITDA
6.14
P/E
10.31
EV/Sales
0.46
Sector
Household Durables
Category
turnaround
The Deep Value Week – 2026/18 | MJ Gleeson plc – Trading Resilient but Legacy Costs and Uncertainty Weigh on Outlook
GLE.L (update): 11wks leading to Apr'26 net reservations 0.88/site/wk, stable YoY; margins protected despite modest cost inflation. Project Transform restructuring to deliver savings but incurs £3.1m exceptional costs. Legacy site issues (Yorkshire) trigger £5.2–7.1m remediation provisions. FY26 adj PBT ~£18.2m (consensus), but mgmt flags macro caution, softer demand, cost/planning risks.
Read full article (1 min)