Glenveagh Properties (CDI) (GLV)

Sector:

Household Goods

  1.26
   
  • Change Today:
     0.00
  • 52 Week High:  1.2
  • 52 Week Low:  0.9
  • Currency: Euro
  • Shares Issued: 578.05m
  • Volume: 61,278
  • Market Cap:  725.45m
  • RiskGrade: 128

Glenveagh Properties revenues grow in 'very productive' year

By Iain Gilbert

Date: Friday 04 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Irish homebuilder Glenveagh Properties revealed details of its "very productive" trading year on Friday, saying it was ahead of schedule in its efforts to deliver on promises made at the time of its IPO.
Glenveagh saw revenues come to €84m for the twelve months ended 31 December, 10% ahead of its previous guidance, and sold 275 homes during the year at an average selling price of €287,000.

The AIM-listed outfit also told investors it anticipates a gross margin of around 18% for the year.

Glenveagh's latest acquisition, a 43-acre land package located in a suburb of Cork City, will allow the firm to build around 500 new housing units - bumping its total space to around 11,850 housing units.

Lastly, Glenveagh said it was in the process of building on fourteen sites across Ireland and would need to wrap up construction on all sites within the year in order to deliver its 2019 target of 725 new homes.

Co-founder and chief executive, Justin Bickle, said: "The past 12 months have been very productive as we set out to create a volume homebuilder for the Irish market."

"The fundamentals of our sector remain strong with continued chronic under-supply of housing in Ireland (both private and public) and a dearth of scale homebuilders."

As of 0920 GMT, Glenveagh's London-listed shares had inched forward 0.35% to €0.72 each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GLV Market Data

Currency Euro
Share Price   1.26
Change Today   0.00
% Change 0.00 %
52 Week High  1.2
52 Week Low  0.9
Volume 61,278
Shares Issued 578.05m
Market Cap  725.45m
RiskGrade 128

GLV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
91.67% above the sector average91.67% above the sector average91.67% above the sector average91.67% above the sector average91.67% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GLV Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
18:10 10,369 @  1.25
17:45 8,797 @  1.25
17:45 2,468 @  1.25
17:44 3,584 @  1.26
17:21 32,084 @  1.25

GLV Key Personnel

CEO Stephen Garvey
CFO Michael Rice

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