Mar City Share Discussion Threads

[someuwin] 16/2/2015 10:32

"Mar City Homes ‏@MarCityHomes 2 hours ago
Great news! Sandwell council have given the green light to buy 41 #ModularHomes from Mar City, boosting the councils housing stock."

[a2584728] 11/2/2015 20:00

I shall get the article and post it for you it was hidden in the detail when Shore Capital and WHI did the fund raising.

[grahamburn] 11/2/2015 19:49

I am still not following your reasoning or concerns.

The share options are just that - options exercisable three years from the date of the award (which was actually December 2013) and provided the shares remain above 150p. Rewarding directors in options is, in my opinion, more motivational than a cash bonus as they have more "skin in the game" and their interests are even more aligned with other shareholders. OK, they may decide to sell some of those shares on the exercise (maybe to settle tax liabilities etc), but the basic argument still applies.

Above all, the options are not "free", but paid for options (at 80p - almost half the exercise price, so the company has proven to be "successful" under their management). Furthermore, the exercise will boost the company's liquid resources so hardly dilutive in net asset terms. Similarly, I also guess the shares which comprise the options are already included in the figure for total authorised share capital, otherwise there would have to be a vote before the options are exercised which is most unlikely/unusual (though I haven't double-checked this).

In short, as a private shareholder I am relaxed about the arrangement.

[a2584728] 11/2/2015 18:02

I apologise, the 5% goes to them at 150p, something I do not like, they should be rewarded through bonus! I am referring to the Ryan's .

[grahamburn] 11/2/2015 17:45

I do not disagree with your prediction, though the share price has only dropped over the past couple of months and the results are some 6 weeks away.

I would, however, (as a relatively recent shareholder) be grateful for your explanation of the comment regarding the owners getting another 5% of the company back when the share price reaches 140p. (I assume by that you mean the majority shareholders - ie the Ryans and other directors.) I have gone back through the RNS's for a year or so and found this from last year's final results, but it doesn't seem to chime with your statement.
____________

Share Options
As indicated in the Circular, the Board has now established an unapproved share option scheme and subject to admission of the New Consolidated Ordinary Shares, has awarded to each of Maggie Ryan and Tony Ryan options over 2,757,323 Ordinary Shares at 80p per share (equivalent to the Placing Price). The options are not exerciseable for three years and are only exerciseable if the Company's share price is equal to or greater than 150 pence per New Consolidated Ordinary Share.

The award of these options to Maggie Ryan and Tony Ryan constitutes a related party transaction under the AIM Rules. Hamilton Anstead and Marcus Jones, being the independent Directors in relation to the award of these options, consider, having consulted with WH Ireland, the Company's nominated adviser, that the terms of the option awards are fair and reasonable insofar as the shareholders of Mar City are concerned.
_______________

One reason why the company interested (though not the most important) was the limited free float in the shares. That's always a useful indication of a share which has the potential to rise quickly as and when more general interest is awakened in the business - such as the announcement of a dividend etc.

Thanks in advance for a little guidance on your comment.

[a2584728] 11/2/2015 15:48

the point is they will be back to 120 quicker than they came down from there, 140p means the owners get another 5% of the company back and dilute everyone else..........139p would be fine for me.......for now.

[grahamburn] 11/2/2015 15:39

Considering they were at that price only a couple of months ago, I would hardly call it "flying off to 120p". More likely a gentle return to the "pre-strange" drop level. Mind you, the results on 25 March may well give them a boost beyond the low 120s, especially if a maiden dividend is announced.

[someuwin] 11/2/2015 15:35

Should be back over 140p at some stage this year - imo.

[a2584728] 11/2/2015 15:24

these are about to fly off to 120p i think.

[a2584728] 10/2/2015 08:11

7000 houses per annum need to be built in the West Midlands to meet housing demand, perfect for MAR!!,!

[a2584728] 09/2/2015 14:23

Added again.

[someuwin] 06/2/2015 19:44

WH Ireland issued a note last week with a BUY rating and £1.60 target.

[someuwin] 06/2/2015 15:59

We've seen the low now.

Trend should be firmly up from here on.

[a2584728] 06/2/2015 10:56

I don't think there was a specific seller, I think people get a little bored of waiting for mind blowing news, when it doesn't arrive they move on, after the pre results note many traders thought there was little else coming for some time.

[someuwin] 06/2/2015 09:10

The rebound continues.

Seller finished?

[someuwin] 05/2/2015 20:03

A better day today.

[a2584728] 05/2/2015 10:53

I wonder if the Ryan's will be buying at this price?

[someuwin] 05/2/2015 10:16

Time to buy in imo.

[melody9999] 04/2/2015 22:42

I was out a couple of days as it hit my stop loss - slightly smaller holding than Schroders though! Very frustrating as this appears to be a company 'on the up'.

[someuwin] 04/2/2015 22:05

Poster on LSE seems to think Schroders might have been selling some here to cover redmptions in their UK small company funds.

Don't know if that's true or not.

[firtashia] 04/2/2015 21:37

Hi nashwan, yes for me Coms is just a speculative punt & so I've not got a lot invested in it. Like you I do think MAR is a company on the rise as recent history shows and from forecasts this is expected to continue. At this share price I consider the company to be good value given the potential. There are lots of reasons why PIs and IIs sell; if I cant find a reason directly associated with the company's fundamentals or expected revenues/earnings then I try to ignore it or take advantage of it. I don't think its the recent trading statement that has given anyone a reason to sell so this may be an opportunity to buy some more.

[nashwan123] 04/2/2015 18:24

firtashia

Just saw your comment over at Coms and can't make out what's happening there. Anyway followed u over here and MAR look a company on the rise with good cash, product and land bank. However the share price is screaming either the market is just dipping or investors don't believe the story. On fundamentals and chart these look a solid investment to me.

[firtashia] 04/2/2015 12:29

Increase in vols over the past week, large vol dumped today, RSI now oversold. Hopefully thats it with respect to selling, famous last words......

[noirua] 04/2/2015 11:23

UK house prices since 1996 | Money | theguardian.com