This content is only available within our institutional offering.
04 Jan 2016
Shaping up for another year of outperformance
Sign in
This content is only available to commercial clients. Sign in if you have access or contact support@research-tree.com to set up a commercial account
This content is only available to commercial clients. Sign in if you have access or contact support@research-tree.com to set up a commercial account
Shaping up for another year of outperformance
MJ Gleeson PLC (GLE:LON) | 402 72.5 4.7% | Mkt Cap: 235.2m
- Published:
04 Jan 2016 -
Author:
Singer CM Team -
Pages:
4 -
Gleeson has a highly experienced management team, a simple and proven strategy, and a track record of earnings upgrades. Gleeson Homes, the growth engine of the Group, builds affordable homes in the North of England, typically in areas that will benefit from regeneration. Gleeson Strategic Land focuses on the South, where demand from housebuilders has grown significantly. The Group has consistently delivered, and often exceeded, market forecasts, with ten earnings upgrades in the past two years. We expect continued earnings momentum set against a supportive market backdrop to underpin continued share price performance.