Gleeson is not a risky business, in fact quite the opposite. It is less risky than traditional house builders because it sells homes in the North with an asp of only £125k which is affordable for almost any couple and furthermore its strategic land business is based around buying land without planning permission in the south and progressing it through the system and selling for large profits to hungry housebuilders. Hardly a risky operation is it!
Hi Josh Gleeson is a strange and risky Coy to me, they sell land in SE England and build a few Houses in the North. They successfully sold off all their Construction sector (as opposed to Household Goods, tw et all!), and as you say they have been doing well. I don't know enough about them, but on my watch list. Similarly gfrd - Construction and moving to house building cos the margin is so much better.
I have modified my plan to a £20k Float in Builders and my Companies now include… Read More
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