Since the start of February 2016, MJ Gleeson’s share price has fallen by over 15.0%. We believe that this is nothing more than a reaction to the recent significant outperformance against its larger housing peers. The interim results on 22nd February should demonstrate further progress, with the potential to upgrade full year forecasts. MJ Gleeson remains one of our favoured plays within the current UK house building sector and we view the recent weakness as a strong buying opportunity.<

16 Feb 2016
Buying Opportunity

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Buying Opportunity
MJ Gleeson PLC (GLE:LON) | 386 0 0.0% | Mkt Cap: 225.5m
- Published:
16 Feb 2016 -
Author:
Scott Fulton -
Pages:
4 -
Since the start of February 2016, MJ Gleeson’s share price has fallen by over 15.0%. We believe that this is nothing more than a reaction to the recent significant outperformance against its larger housing peers. The interim results on 22nd February should demonstrate further progress, with the potential to upgrade full year forecasts. MJ Gleeson remains one of our favoured plays within the current UK house building sector and we view the recent weakness as a strong buying opportunity.<