Mccarthy & Stone Share Discussion Threads

[puku] 11/7/2016 13:03

Legal & General's sales of lifetime-mortgages (or equity-release) are growing substantially - old folks staying at home and enjoying life with the released cash - this is could affect MCS sales level ?

[tudes100] 11/7/2016 09:57

decent director buy

[speedsgh] 07/7/2016 13:44

Barclays Capital issues a broker note on Mccarthy Stone Plc -

Barclays Capital today reaffirms its equal weight investment rating on Mccarthy Stone Plc (LON:MCS) and cut its price target to 171.70p (from 279.40p).

[7kiwi] 06/7/2016 08:22

Megan,

You are right that MCS customers do not rely on mortgage availability directly.

But the customers do rely on people buying their properties to give them the cash to buy MCS properties.

A slowdown in the property market will have a knock-on impact in MCS. In 2008, they went into decline later than the mainstream house-builders, but nevertheless they did feel the downturn.

[esther1975] 05/7/2016 22:38

2016 estimate pre tax profit around 100m with EPS of around 15.2p gives a PE of around 10 at current price which is really cheap! Brexit may impact short term relating to concerns on house prices and uptake of properties, however this is a niche market. supply of properties are low and demand is high! Many older people are mortgage free and have more disposable income. Long term it looks a winner to me. Short term it's a case of holding your nerve and buying on the dips. AIMHO - DYOR

[dlku] 05/7/2016 20:11

didnt these go bust the first time round

[gswredland] 05/7/2016 17:51

Yes astonished to se the share price so low. Looking to buy more. Long term this is a good bet imho

[meganxmas] 05/7/2016 12:53

which age group is projected to grow most in Uk ?which age group buys mccarthy and stone properties ?which housing company is best placed to benefit from this demograhic?which company doesnt rely on mortgage availability ?show me a mcs development that doesnt look quality and sell well ... this company has this market well sussed

[weemonkey] 05/7/2016 11:22

Only have one market - old people.

And if you can't sell your principal residence you can't buy your retirement flat.

[gswredland] 01/7/2016 16:48

Good point!

[ayl30] 30/6/2016 16:07

Bought in today for a long term hold

[crystball] 30/6/2016 13:21

Have taken a small stake for the long term.

[jopper74] 27/6/2016 11:26

Like I say......good long term bet. Especially at these prices. I've topped up.

[undervaluedassets] 24/6/2016 10:54

Are you sure? if the housing market freezes (as it surely will for a while) sales will freeze here. .

How can they not ?

[jopper74] 07/6/2016 21:49

When contemplating UK house prices remember we need 250k new homes per year to be built......we are currently building far less than half that number. Classic case of demand far out stripping supply. Therefore house price growth is set to continue whether we Brexit or not! With the exception of a potential short term blip! This is why I see MCS as a good long term bet!

[weemonkey] 06/6/2016 12:07

If the housing market suffers this will not be immune.

The margins achieved here will depend on the sale price of retiree's former homes in order to buy retirement homes from McCarthy and Stone.

[jopper74] 24/5/2016 11:31

Lol.....if this hit £2 again, I would more than double up. Long term hold for me with an expected double bagger over 3-5 years with good dividend income.....good solid company with great long term prospects.

[speedsgh] 20/5/2016 15:15

WirralOwl - "...but would probably double up if brexit fears etc took us down towards £2."

I suspect I would probably be joining you.

[chickenrun1] 20/5/2016 14:33

The divi might be okay but look at the forecast earnings growth! High double digit.

We are all getting older, living longer and have far more disposable income in older age.

Back down near the float price.

[wirralowl] 20/5/2016 14:24

Thanks speedsgh, noted.

I like the long-term demographics here though, they're mkt leader in a niche growth sector, have LA's on their side re: planning, negligible debt and a 5 year landbank. I've already got a small position taken just after floatation (at around the current price), but would probably double up if brexit fears etc took us down towards £2.

[speedsgh] 20/5/2016 13:21

WirralOwl - MCS certainly represents a compelling long term investment case if one can build a position at an attractive entry price. I have added to my watchlist.

Worth bearing in mind Peel Hunt is joint corporate broker to MCS so they are bound to err on the bullish side.

[wirralowl] 20/5/2016 12:07

Up 3% today, presumably on back of being tipped in IC.

Interesting to see Peel Hunt projecting 12.4p divvy in 2018, c.5.4% at current 229p

[weemonkey] 12/5/2016 10:50

RICS report yesterday makes interesting reading.

[danpollard] 29/4/2016 12:18

Third touch of support at 235 which usually breaks. Next support is 222 from the lows of 1st December. Following that the IPO price of 200 which I can see us hitting for a nice long after the Brexit vote (if we stay).