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05 Dec 2019
AGM update - strong demand in both divisions, trading well on track
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AGM update - strong demand in both divisions, trading well on track
MJ Gleeson PLC (GLE:LON) | 402 0 0.0% | Mkt Cap: 235.2m
- Published:
05 Dec 2019 -
Author:
Singer CM Team -
Pages:
3 -
Gleeson’s AGM statement confirms a continuation of recent positive trends, with both divisions experiencing strong demand. Full year expectations are reiterated and Gleeson remains well positioned to deliver sustained double digit volume growth as it moves towards its 2,000 home target. Earlier this week James Thomson was confirmed as Gleeson’s new permanent CEO, having stepped in as interim CEO in June. We consider this a strong appointment, in particular given James’ management of a period of substantial growth at Keepmoat Homes between 2012 and 2019.