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Davy Research

Glenveagh Properties

East Road deal precipitates another share buyback

Apr 28 2022, 07:10 IST/BST
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: 112c
RATING 10/11/17
OUTPERFORM
PREVIOUS RATING N/A

Colin Sheridan CFA

Analyst

DAVY VIEW

The announcement of a deal on East Road this morning means that both cashflow and another buyback (€75m) have arrived sooner than we had expected. Volume guidance has also been reiterated for FY22, backed by a significant order book.

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Apr 28 2022, 07:10 IST/BST

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Glenveagh Properties

East Road deal precipitates another share buyback

Glenveagh Properties

RATING 10/11/17

Colin Sheridan CFA

DAVY VIEW

Download full report with analyst certification and important disclosures