Mccarthy & Stone Share Discussion Threads

[gswredland] 24/1/2017 17:03

Yep fingers crossed

[mfhmfh] 24/1/2017 16:24

trading update tomorrow...hopefully can push us towards 200p.

[priteshpatel9] 05/1/2017 16:33

Aishah's exit triggered a nice rally it seems.

[argylerich] 05/1/2017 08:39

Nice movement more than covering going ex-divi

[finkie] 20/12/2016 12:05

seems to be sustained falls here on the back of other stocks rising TW for example.....any views??

[argylerich] 16/12/2016 11:18

One out, one in ;-)

[aishah] 16/12/2016 09:27

Out for now. Back on the watch list.

[spoole5] 15/12/2016 10:09

Bargain at this price.

[bigbertie] 14/12/2016 13:23

With the results in November they warned that first half would be weak, due to the low opening order book and their "measured" approach to land purchases. Their target of hitting 3,000 units pa was described as medium term, whereas it was previously to be reached in 2019. The year-to-date order book plus completions to date (at 12 Nov) was quoted as £250m versus £241m last year but the current year figure excludes "other incentives" which could make the current year figure lower than last year. Altogether a bit pessimistic I thought, but just IMHO.

Edit - brokers seem to be more optimistic!

[spoole5] 14/12/2016 12:44

This keeps falling even though they reassured with results and other builders have risen.

[skinny] 15/11/2016 08:51

Peel Hunt Buy 175.15 235.00 215.00 Retains

[crystball] 15/11/2016 07:50

Not much wrong here with these results.

[crystball] 03/11/2016 11:06

In for the long term bigbertie!

[bigbertie] 03/11/2016 09:37

crystball. Looking good this morning. glad to have your agreement - I assume the crystal ball is backing this one? bb

[crystball] 02/11/2016 17:35

I agree bigbertie!

[skinny] 19/10/2016 07:32

McCarthy & Stone (the "Group"), the UK's leading retirement housebuilder, will report its full year results for the year ended 31 August 2016 on Tuesday, 15 November 2016.

On the same day, management will host a presentation for analysts and investors at the offices of Deutsche Bank, Winchester House, 75 London Wall, London, EC2N 2DB. Refreshments will be served from 09.00 for a 09.15 start.

[skinny] 11/10/2016 15:48

Jefferies International Buy 175.10 - 249.00 Initiates/Starts

7Kiwi - more likely due to the trading update.

[tallprawn] 11/10/2016 12:15

It'll be the Trading update that is generating the rise rather than anything to do with the CFO. Back to 200p+ now over the next few weeks imo.

[7kiwi] 11/10/2016 11:48

Interesting that the share price should rise 8% on news that the CFO is leaving.

[skinny] 11/10/2016 09:30

Peel Hunt Buy 175.80 235.00 235.00 Retains

Canaccord Genuity Buy 175.55 - 185.00 Initiates/Starts

[skinny] 11/10/2016 08:15

McCarthy & Stone ("the Group"), the UK's leading retirement housebuilder, announces that Nick Maddock, who has served as the Group's Chief Financial Officer (CFO) since September 2011, has decided to leave the business to take up the position of CFO at SIG plc.

Nick will remain in post and a leaving date in Q1 2017 will be agreed in due course. A process to identify his successor and ensure a smooth transition is now underway, and a further update will be made when the Group announces its full year results statement on 15 November 2016.

Commenting on behalf of the Board, John White, Chairman of McCarthy & Stone, said:

"Nick has played an important role over the past five years in re-capitalising the Company, delivering our growth strategy and preparing us for our successful return to the Main Market of the London Stock Exchange in November 2015. With the IPO now complete and the first year's results delivered, Nick has decided to move on. He leaves the business in a very healthy financial position, having just recorded a 31% increase in revenue year-on-year and with c.£52 million of net cash on our balance sheet at the year end. We remain firmly on track to meet our medium term target of building and selling at least 3,000 units a year and achieving 25% ROCE."

Current trading

Following the Group's trading update on 2 September 2016 for the full year ended 31 August 2016, the Board would like to provide an additional update on the Group's first five weeks of trading in its new financial year.

The last trading update on 2 September noted that sales immediately post the EU referendum had slowed and cancellations rates had increased, and that consequently the Group came into the new financial year with a forward sales order book of £114 million, which was down on last year's £131 million.

The Group is pleased to confirm that since that update, trading and other lead indicators are now ahead of the previous year. Over the first five weeks of the new financial year, reservations have been stronger and cancellation rates have returned to more normal levels. New enquiries have increased and first time visitors to our developments have been noticeably ahead of the prior year. Consequently, the Group's forward order book, including legal completions since 1 September, is now moving towards a similar level to last year at c.£173 million (2015: £177 million).

This performance provides some early evidence of improving customer sentiment and a potential return to normal trading conditions. More detail on current trading and outlook will be provided in the full year results statement on 15 November 2016.

-Ends-

[weemonkey] 07/10/2016 10:33

getting put to the sword today.

[bigbertie] 27/9/2016 10:16

So much for that recovery. 3 months of declining mortgage approvals seems to have cast a gloom on the whole sector. The whole stock market is a bit wobbly today as well.