Today’s year end update confirms that FY20 has concluded in line with current market expectations, with no surprises just three weeks on from the last update. As we have heard recently from other listed housebuilders, demand appears to be coming back strongly (net daily reservations now at 80% of pre-COVID levels) and build activity is steadily improving (currently at 60% of pre-COVID levels and expected to reach 80% by September). The most striking feature of Gleeson’s update is the ambition to ....
09 Jul 2020
Putting down a marker - 2,000 home target reaffirmed
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Putting down a marker - 2,000 home target reaffirmed
MJ Gleeson PLC (GLE:LON) | 495 -17.3 (-0.7%) | Mkt Cap: 289.0m
- Published:
09 Jul 2020 -
Author:
James Tetley -
Pages:
3
Today’s year end update confirms that FY20 has concluded in line with current market expectations, with no surprises just three weeks on from the last update. As we have heard recently from other listed housebuilders, demand appears to be coming back strongly (net daily reservations now at 80% of pre-COVID levels) and build activity is steadily improving (currently at 60% of pre-COVID levels and expected to reach 80% by September). The most striking feature of Gleeson’s update is the ambition to ....