Medcaw Investments Share Discussion Threads

[lbo] 25/9/2007 15:47

McInerney shares dive on house drop
Tuesday, 25 September 2007 14:22
Shares in building company McInerney Holdings have plunged by almost 20% in Dublin after the company said it completed more than 100 fewer Irish homes in the first half of this year compared with the first six months of 2006.

The group finished 257 Irish homes from January to June, down from 362 in the same period last year.

McInerney predicts unit completions will fall short of 2006 levels and will even be below targets set for this year.

However, its private housing profits in Ireland were €12.2m, up from €10.7m in the first half of 2006. Overall, the group has reported first half pre-tax profits of €9.2m, which shows a year-on-year decrease of €2m.

The group's UK business is now its largest component, and it expects this growth pattern to continue. It completed 446 homes to June, up from 268 for the same six months in 2006.

An interim dividend of three cent is to be paid. In Dublin this afternoon, McInerney shares were 34 cent lower at €1.48.

[redtelephone] 21/7/2007 09:26

redtelephone - 19 Jul'07 - 14:04 - 842 of 843 edit


Price boom for London's luxury homes
Evening Standard
19 July 2007, 9:25am

Quick - get into NTA ( Northacre) before the results in August.

redtelephone - 19 Jul'07 - 14:04 - 843 of 843 edit


Price boom for London's luxury homes
Evening Standard
19 July 2007, 9:25am

The value of luxury homes in London has continued to soar despite rising interest rates which have sent a chill through the rest of the housing market.
The Building Societies Association said mortgage approvals in Britain tumbled 22% last month to £4.7bn following five interest rate increases in less than a year.

But upmarket estate agent Savills said 62% of London homes priced at more than £4m in the first half of the year were sold to overseas buyers.

Prices in areas such as Mayfair, Belgravia, Kensington and Chelsea have risen 29% in the past 12 months.

'While interest rates fears and affordability pressures are starting to bite the mainstream housing market, the prime housing market is still being driven by a different set of factors,' said Harriet Black, associate director of residential research at Savills.

Quick - get into NTA ( Northacre) before the results in August.

[cordwainer] 19/7/2007 15:47

approx 20% in less then a week, not too shabby at all.

[davidwilkin] 19/7/2007 11:51

whoops - missed the value

[davidwilkin] 16/7/2007 20:46

Scary price drop, surely this must be value now at 130p im going to wait a while longer yet but 120p sees me buying some

[cordwainer] 09/7/2007 16:29

Investec comments downgraded the whole sector today, just as well that MCI's current interests are mostly ex-UK. This foray into NE england .. hope they don't invest in flood-plains. Perhaps Northern Ireland has still better prospects?

[ben gunn] 06/7/2007 18:24

Interesting

[cordwainer] 05/7/2007 03:43

If it does, it won't bounce very far imho. With apologies to holders, bargain hunters should ignore the chart. Discount to peers is great in a rising sector, but not at the moment. I'm sticking with the crowd (I hope!).

[ben gunn] 02/7/2007 16:09

MCI could bounce back up with support at 147p.
Ben

[wiganer] 21/5/2007 11:10

As long as ye C&N fetishists are happy I'm happy.

[hammy davies snr] 21/5/2007 11:08

A classic charts & news fred, imo, dyor.

[wiganer] 21/5/2007 11:03

Mack and Ernie

Couple of wise guys from Noi Jerzey...

[bozzy_s] 21/5/2007 10:11

Don't need to be Einstein to read the RNS titled 'Stock Split'. 5 new shares for each existing 1, therefore -80% is in effect unchanged.

[starplus] 21/5/2007 09:25

whats going on here?

[davidwilkin] 20/2/2007 14:40

me too ben gunn i boiught in August at 752p - luck of the Irish eh??
no seriously i sell to these guys - the share price will be £15 in no time
massive,massive company expansion.

[ben gunn] 15/2/2007 09:37

Another all time high to blow the cobwebs away!

[ben gunn] 09/1/2007 19:18

I'm hook line and sinker in love with this secret share and will buy more tomorrow.

[redtelephone] 03/11/2006 15:56

What does anyone know about rumoured talks of the takeover of Telford Homes.I have seen nothing in press just what I have heard on building sites.Anyone?

Would be good.This is fits in with our best peforming part of our business geographically.

Pasted their last trading update below.Anyone enlighten me?


Trading Update


Telford Homes Plc issues the following trading update for the year ending 31
March 2007. Interim results will be announced on 21 November 2006.


The directors are pleased to announce that the strong start to the year reported
at the time of our Annual General Meeting on 6 July 2006 has continued with
sales progressing well. In particular, all 179 private homes at our development
in High Street Stratford, OneStratford, are now sold with 175 contracts
exchanged and the remaining four proceeding to contract.


In addition, we have secured an enhanced planning consent at our major
development in South Woodford, Queen Mary's Gate, increasing the number of homes
in the development from 441 to 498. Although we have not yet begun marketing of
the private apartments (the launch is at the end of September), we have already
registered enquiries from more than 800 prospective purchasers, indicating very
strong interest in this development. We have already sold 14 of the 16 private
townhouses that form the first phase of the development.


New land opportunities are continuously being appraised as we seek to extend our
development pipeline; we have recently exchanged contracts to acquire another
site close to the future Olympic Park which we hope to develop in the medium
term.


As a result of successful trading to date, the directors expect the interim
results to be very strong with profits weighted towards the first half of the
year. In addition, we are confident that our results for the year ending 31
March 2007 will exceed current market expectations.

[redtelephone] 04/8/2006 09:19

Better off now with tiddlers like Oakdene Homes now.Read below story from July 17th Evening Standard;

Gladedale set for £500m raid on rivals
James Rossiter, Evening Standard
17 July 2006
BRITAIN'S largest privately owned housebuilder, Gladedale, is ready to spend up to £500m buying up rivals.

Gladedale snapped up quoted southern housebuilder Country & Metropolitan for £72m in April last year. Earlier this year, Dipre said he splashed out 'just south of £50m' for privately owned East Anglian builder Premier Homes.

Gladedale's appetite for further acquisitions will fuel speculation that housebuilders are set for another round of consolidation. The biggest purchase so far this year was Persimmon's £643m buy of Westbury, which propelled it into the FTSE 100.

Numis Securities analyst Mark Hughes cited as likely Glendale target Aim-listed Oakdene Homes, valued at £48m (2007 P/E 2.9)- but did not rule out Crest Nicholson, which could sell for more than £500 million.

But Gladedale could itself fall prey to an approach from a larger builder. Analysts reckon Barratt Developments, Britain's second-biggest housebuilder, will hit the acquisitions trail once former Centrica executive Mark Clare takes over from David Pretty as chief executive later this year.

Newly published figures from Gladedale showed pre-tax profits grew to £61.7m from £41.7m over the year to the end of December, including a £10m contribution from the C&M purchase.

Turnover surged 39% to £348.3m. It is sitting on land bank with a development value of about £4.5bn.

[redtelephone] 04/8/2006 09:19

Better off now with tiddlers like Oakdene Homes now.Read below story from July 17th Evening Standard;

Gladedale set for £500m raid on rivals
James Rossiter, Evening Standard
17 July 2006
BRITAIN'S largest privately owned housebuilder, Gladedale, is ready to spend up to £500m buying up rivals.

Gladedale snapped up quoted southern housebuilder Country & Metropolitan for £72m in April last year. Earlier this year, Dipre said he splashed out 'just south of £50m' for privately owned East Anglian builder Premier Homes.

Gladedale's appetite for further acquisitions will fuel speculation that housebuilders are set for another round of consolidation. The biggest purchase so far this year was Persimmon's £643m buy of Westbury, which propelled it into the FTSE 100.

Numis Securities analyst Mark Hughes cited as likely Glendale target Aim-listed Oakdene Homes, valued at £48m (2007 P/E 2.9)- but did not rule out Crest Nicholson, which could sell for more than £500 million.

But Gladedale could itself fall prey to an approach from a larger builder. Analysts reckon Barratt Developments, Britain's second-biggest housebuilder, will hit the acquisitions trail once former Centrica executive Mark Clare takes over from David Pretty as chief executive later this year.

Newly published figures from Gladedale showed pre-tax profits grew to £61.7m from £41.7m over the year to the end of December, including a £10m contribution from the C&M purchase.

Turnover surged 39% to £348.3m. It is sitting on land bank with a development value of about £4.5bn.

[cockneyrebel] 19/4/2006 07:35

goes ex divi today - some large buys going through pre-open too.

CR

[cockneyrebel] 18/4/2006 22:02

doesn't mention the Chairman buying 30K shares recently either - a big clue there I think.

CR

[jamun] 18/4/2006 16:15

Tipped by Midas:

[cockneyrebel] 21/3/2006 11:31

What a cracking share this is!

I hate Irish shares but bought these recently when the Chairman bought a load. They seem to rise daily or every other day, by stealth - just had a look and I'm up 8% in no time, nice and steady, little volatility.

Very cheap on forecasts - are they in for a bid? Seems to be a steady stream of small buying all the time.

And ISAable

CR