Gleesons H1 update follows on from the Nov. 22 AGM Statement, where we prudently rebased forecasts to reflect a more cautious outlook in the face of higher mortgage costs and macro uncertainty. The messaging in todays update is unchanged, as are our forecasts, and echoes that of other listed peers. It is too early to gauge the likely pace of recovery and therefore the outcome for FY23. However, we have conservatively positioned our forecasts at the bottom of the Nov. 22 guidance range and todays ....
13 Jan 2023
Too early to call a recovery but cautiously optimistic
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Too early to call a recovery but cautiously optimistic
MJ Gleeson PLC (GLE:LON), 496 | MJ Gleeson PLC (GLE:LON), 496
- Published:
13 Jan 2023 -
Author:
Greg Poulton -
Pages:
3
Gleesons H1 update follows on from the Nov. 22 AGM Statement, where we prudently rebased forecasts to reflect a more cautious outlook in the face of higher mortgage costs and macro uncertainty. The messaging in todays update is unchanged, as are our forecasts, and echoes that of other listed peers. It is too early to gauge the likely pace of recovery and therefore the outcome for FY23. However, we have conservatively positioned our forecasts at the bottom of the Nov. 22 guidance range and todays ....