Gleeson’s interims confirm another period of significant growth (PBT +131% to £11.3m) and a strong performance from both divisions. The Group is well on track to meet full year expectations following the latest forecast upgrades in December. In our view, Gleeson is unique amongst the listed housebuilders. It sells good quality affordable homes to first time buyers on low incomes in the North of England, often helping to regenerate challenging communities. At the same time it achieves sector lead ....
22 Feb 2016
Regeneration and growth
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Regeneration and growth
MJ Gleeson PLC (GLE:LON) | 502 40.2 1.6% | Mkt Cap: 293.4m
- Published:
22 Feb 2016 -
Author:
N+1 Singer Team -
Pages:
7
Gleeson’s interims confirm another period of significant growth (PBT +131% to £11.3m) and a strong performance from both divisions. The Group is well on track to meet full year expectations following the latest forecast upgrades in December. In our view, Gleeson is unique amongst the listed housebuilders. It sells good quality affordable homes to first time buyers on low incomes in the North of England, often helping to regenerate challenging communities. At the same time it achieves sector lead ....