Glenveagh Properties

New €50m buyback launched; FY guidance reiterated

  • Sectors : Construction and Housebuilding
  • Companies : Glenveagh Properties

Ratings and price correct at time of issue.

  • Glenveagh Properties

    Closing Price: 141c

  • RATING 10/11/17

  • PREVIOUS RATING N/A

DAVY VIEW

H1 has seen good margin progress for Glenveagh Properties, particularly within the Suburban division, and this will now deliver >20% gross margin in FY24. At a group level, FY24 guidance has been reiterated. A new €50m buyback will begin this week.

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Sep 5 2024, 07:10 IST/BST

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