June ‘18 EPS increased by 14% to 55.2p. This was 3% ahead of our forecast and confirms continued strong momentum in the business. Gleeson Homes delivered record volumes of 1,225 (2017: 1,013), making a positive first stride towards its 2,000 home 2022 target which it has reiterated this morning. Gleeson Strategic Land also had another very busy year. Cash generation was strong with net cash of £41.3m at the year end (2017: £34.1m). Gleeson has announced another significant step up in the dividen ....
17 Sep 2018
Continuing to outperform; positive dividend surprise
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Continuing to outperform; positive dividend surprise
MJ Gleeson PLC (GLE:LON) | 509 30.5 1.2% | Mkt Cap: 297.2m
- Published:
17 Sep 2018 -
Author:
James Tetley -
Pages:
3
June ‘18 EPS increased by 14% to 55.2p. This was 3% ahead of our forecast and confirms continued strong momentum in the business. Gleeson Homes delivered record volumes of 1,225 (2017: 1,013), making a positive first stride towards its 2,000 home 2022 target which it has reiterated this morning. Gleeson Strategic Land also had another very busy year. Cash generation was strong with net cash of £41.3m at the year end (2017: £34.1m). Gleeson has announced another significant step up in the dividen ....