Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Radav - the trading update accompanying the interims was sparkling. I'm toying with getting in before Thursday
All trades this morning are buys at 456.712 - although all showing as sells (the price I've been getting for dummy buy trades all morning on HL is 456.712) - but with a spread this large it's easy for MM's to disguise them below the mid point.
Will be interesting to see if the volume increases as Thursday approaches.
Gleeson are an absolutely nailed on takeover target. Tasty snack size for PE or anther HB. Only problem is that all HB’s would want a share deal and their shares are bombed out.
Gleeson has a great balance sheet and is exactly the sort of HB that Truss will want to succeed. It’s suffered a sector worse share price decline but has the best growth potential. Good land bank as well, important to compare land banks and land creditors.
Hi Tavenham,
Sad to say that we have dropped 16% since your post.
In general I agree with your sentiments; how much the latest sqeeze (mortgage rates rising) will affect GLE is unknown. Next week we should see the Prelimins so will the market react? Sadly I am in minus territory! I hope to see a rerate upwards.
CHAT
The latest update is sparkling - expecting a rerate over next few days.
The Pledge is meaningless if they haven’t built anything that high!
The existing CEO and CFO will be throwing everything at it, regardless of cost, to achieve the completions necessary before 30 th June. Otherwise they won’t be receiving their 3 year bonus.
A takeover is quite possible once the new guy has sussed out the inside story to see if there are any surprises.
Hmmm, so how long (after next Jan) until GLE receives a take over bid from Vistry ?
Zero impact from the pledge sp recovery on the cards imv.
Excellent read, with divi up, sp should be up around 10% imv.
I have always thought the spread is excessive. I noticed at the top of the page only 12 trades Friday?
There are plenty of companies of the same size with much narrow spreads.
Is it reasonable to assume its a product of poor liquidity??
Rather an uninspiring report to the City
Completions down year on year but in line with city expectations
Who they trying to kid
All manipulation to ensure CEO & CFO get the share incentive bonuses !
Despite today's share price gain!!
Checked a few on trust pilot. A lot with 4 stars. Persimmon 3 stars. Gleesons definitely going start of next tax year.
Trustpilot score 2.5. Not checked other builders. I would say 50% one star scores going back a year. Not good.
I was getting the impression that the 4 billion "claim" was against all builders but judging by the marginal fall in Gleeson share price it doesn't include them.
I have 30 % share price gain from march 2020. As they are building more houses now than 2019. Reasonable to think share price would be higher. In fact well of there year high of 904.
The poor finish and failure to complete all planning may result in me selling after April 6th. Needed to take out some cash out of sipp.
Alexandra Jackson mentions MJ Gleeson #GLE at 12m05s in the latest PIWORLD interview
Watch the video here: https://www.piworld.co.uk/education-videos/piworld-interview-with-alexander-jackson-selecting-winning-stocks/
Or listen to the podcast here: https://piworld.podbean.com/e/piworld-interview-with-alexander-jackson-selecting-winning-stocks/
Not surprising really when their Site Managers only last for a couple of months. Gleesons new management have increased prices by 25% since they arrived, reduced quality and work on the basis of the houses are still cheap so the customer cant expect too much from their 'dream homes'. They have obviously cut corners with the Regulations as well. Just look at the social media customer complaints. What was once a Company that provided value for money homes in a professional manner as become one that is simply maximising returns at any cost. The unsavoury side of capitalism.
Gleesons under investigation for non compliance of part M & failure to obtain final buildIng regulation sign off! Seems purchasers are becoming wise to the fact Gleeson policy was to get CML NHBc warranty but no local authority building control certification. Numerous legal claims been lodged - Sure to hit the National press soon expect a share price crash
Whilst todays announcement is great, I think the sp is close to 'fair value'. We shall see how the market reacts.
If anyone can get close to understanding how the performance targets announced this morning are to operate then they're a better man than I Gunga Din ... absolute gobbledygook as far as I can see and btw which companies comprise the all too loosely defined group of "leading housebuiders" with whom eps performance is to be compared?
The analyst has increased his price target to 985p and sees 20% total shareholder return upside
A very confident self congratulatory Report. The Brokers loved it and revised price targets upwards. It was commendable that they have repaid the furlough grants to HMG.
However, the numerous small buys over the last 2 days are offset by £1.5 million of sales. There are a few other worrying items in the detail. Operating margin only increased by 0.1% but House selling prices up 9.1%, they don't appear to be controlling admin costs. Divi now projected to be under 2% for full year.
Increased Revenue, Profit, EPS and houses sold to 951 fails to mention that most of that was brought forward sales from Covid stalled H2 19/20. How can that be repeated for H2 20/21? Especially when they are selling from only 2 more sites than a year ago. Site openings are vanity and are not active selling sites which is reality.
Land sales at £2.6 profit is good news but substantially less than previous years under the leadership of Mr Harrison. Incidentally he is back in the game with North Country Homes and if his track record is anything to go by he will be a substantial competitor.
I have been an investor in Gleeson for nearly 15 years and today sold half of my remaining holding. I will sell the rest in the new financial year and before the trading update for 20/21. Of coarse do your own research.
Quite right. I would expect NCH to be able to undercut Gleeson by up to 20% ( since that has been the average price increase on Gleeson Homes since the new management took over 18 months ago). Gleeson's cost base may now be at such a high level it cannot be reduced and compete. Added to that Mr Harrison should be able to attract not only key staff but also sub contractors and suppliers who appreciate loyalty, quality and prompt payment.
Look at the negative ratings for Gleeson on the review sites and Facebook and you can see the reputational damage being done. Only one executive director has a substantial amount of money in the business.
The NCH effect will not be immediate so I will be looking to sell my long term shareholding at the next bounce.
A well run efficient business, caring for its employees, contractors and customers providing value for money will usually succeed. I have no doubt that NCH will be a winner, as it always has been, at Gleeson's expense.
Jolyon Harrison re-emerges into the low cost housing market with the re-borne NCH
Suspect a number of key senior staff will now rejoin Jolyon from Gleepmoat to set up this new venture.
Choppy waters ahead
As predicted sp jumped to £7+ so cashed my chips at £7.60 for a nice butty.
Expect housebuilders sp in general will suffer with supply chain affected by lockdown restrictions and sub contract labour price hikes in new year hence the sell opinion.
MJGLEESON been busy buying new sites second half of 2020 so forward land looking healthy
Hoping to buyback gleeson around the £6 mark early 2021