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Davy Research

Glenveagh Properties

Issues COVID-19 update

Mar 26 2020, 15:35 GMT
Colin Sheridan CFA
Company Report
5 page(s)

Sectors : Construction and Housebuilding

Companies : Glenveagh Properties

Ratings and price correct at time of issue.

Glenveagh Properties

Closing Price: 49.1c
RATING 10/11/17
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

The company’s update has followed government guidance, which was recently issued. We expect reservations to be very low in the coming weeks but, for now, construction and home completions will continue. The business is in an exceptionally strong financial position (circa neutral cash) and has no forward land commitments.

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Mar 26 2020, 15:35 GMT