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|Household Goods & Home Construction
Real-Time news about Mcinerney Hldgs (London Stock Exchange): 0 recent articles
HOUSE builder McInerney suffered a 9.7% dip in its share price yesterday to close at 32c.|
|davidwilkin: 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.|
|toriel: No action on this board for a year, so I thought I'd drop in a comment (which, presumably, no one will be around to read....).
puku wonders why MCI is neglected. It is underrated, but there is the problem that it is also largely unknown in the UK (not quite the same thing as being neglected!)
Being based in Ireland is probably the biggest "problem". However, it is also a potential advantage, since it spreads risk across a second market, in contrast to, say, Ben Bailey, another modestly-sized house builder based in the north of England, which has a much smaller geographical spread.
Of course MCI's offshoot in Spain could work either way. That's an area of tremendous growth, but could be a drag if the Spanish market turns down.
I have what is (for me) a pretty large stake in MCI and am very happy to stay on board for the present. I am looking for quite a bit of growth still in the share price, even though it has been rising for a while, and there's always the possibility of a bid, just as with Bailey.|
Mcinerney share price data is direct from the London Stock Exchange