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MJ Gleeson PLC >
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Rebuilding momentum, strong start to FY21

  • 14 Sep 2020

Rebuilding momentum, strong start to FY21


MJ Gleeson PLC (GLE:LON) | 737 -206.4 (-3.6%) | Mkt Cap: 429.3m


  • N+1 Singer
    • James Tetley

    • 3 pages

DIY image


 
DIY image


Gleeson’s FY20 outturn was in line with expectations (forecasts reintroduced in July), reflecting the impact of the COVID lockdown on the fourth quarter. FY21 began with a record order book and demand remains strong, reflecting the quality and affordability of Gleeson’s homes. The 2,000 home target has been reiterated for FY22 and, for Strategic Land, there are signs that housebuilders are returning to the market. Gleeson has a unique offering and, in our view, is well positioned ....


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Rebuilding momentum, strong start to FY21


MJ Gleeson PLC (GLE:LON) | 737 -206.4 (-3.6%) | Mkt Cap: 429.3m


  • Published: 14 Sep 2020
  • Author: James Tetley
  • Pages: 3
  • N+1 Singer


Gleeson’s FY20 outturn was in line with expectations (forecasts reintroduced in July), reflecting the impact of the COVID lockdown on the fourth quarter. FY21 began with a record order book and demand remains strong, reflecting the quality and affordability of Gleeson’s homes. The 2,000 home target has been reiterated for FY22 and, for Strategic Land, there are signs that housebuilders are returning to the market. Gleeson has a unique offering and, in our view, is well positioned ....



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