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MCO Martinco

145.00
0.00 (0.00%)
26 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Martinco LSE:MCO London Ordinary Share GB00BH0WFH67 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 145.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 145.00 GBX

Martinco (MCO) Latest News

Real-Time news about Martinco (London Stock Exchange): 0 recent articles

Martinco (MCO) Discussions and Chat

Martinco Forums and Chat

Date Time Title Posts
05/9/201720:46Martin & Co - Largest property franchise business in the UK61
04/4/201616:32Martin and Co34
31/3/201508:51MartinCo Results TV interview-

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Martinco (MCO) Top Chat Posts

Top Posts
Posted at 09/9/2016 00:54 by my retirement fund
Right then mr bbus some calculated jam tomorrow figs from my research.In the rns the board believe the uk market could accommodate upto 800 ewemove office franchises. Each franchise pays 12K licence pa. Lets say head office has 20% overheads for training retention IT, etc etc. Then thats 800x12k-20% roughly £7.8M gross profit PA so assuming the board are right then £15M maximum purchase costs seems a fair bet. The top table look motivated with a large wage of mco shares and tasty salary and it remains there baby. So its fair to say such ambitions are unlikely to be pie in the sky.
Posted at 06/9/2016 13:17 by my retirement fund
Of course they are investing in the people and looking at whats been achieved with ewemove is breath taking - this looks like a Belvoir hybrid model thats a lot more forward thinking and could be bigger than them in say 3 years time which case would easily achieve 4x return on equity over the period.

If it did MCO would be blasting through the £4- I think if results impress on the 14th this could easily break £2
Posted at 05/9/2016 10:06 by battlebus2
Yes their results showed LFL of 10% so bodes well for MCO. Results on the 14th will show imho.
Posted at 05/5/2016 10:14 by battlebus2
Very quiet steady share, next leg upwards??
Posted at 15/4/2016 14:10 by battlebus2
Belvior lettings having another great day, I know not entirely similar but surely MCO should catch up sometime soon. Maybe a mention in the press over the weekend..
Posted at 05/4/2016 09:48 by asagi
remember, Paragon Group (PAG) is at the top of the pipe. Professional landlords go to Paragon for financing. Belvoir and MartinCo are more immediately impacted by demand for rental properties (I expect) and then by supply.

Paragon is yet to report and trading information but it will be fascinating to see what it reports following stamp duty changes.. could it be like the firing of a gun... silence.

Asagi (no position PAG, MCO; long BLV)
Posted at 05/4/2016 06:53 by battlebus2
Albanyvillas, that's not the picture i'm seeing with more and more needing to rent..
Spooky the market didn't expect them to achieve those forecasts given the 30% slide in share price. Should move up from here imv.
Posted at 05/4/2016 06:24 by glasshalfull
Well, nice positive results released for FY 2015.



Diluted EPS +42% to 9.4p & Dividend +47% to 5.9p for a 4.2% yield.

Encouragingly operating margins +2% to 41% . £2.4m cash generated finishing the year with £2.35m net cash.

Financial Highlights

· Group revenue increased 38% to £7.1m (2014: £5.2m)
· Management Service Fees increased 53% to £6.2m (2014: £4.1m)
· Operating Profit* increased 42% to £2.9m (2014: £2.0m), margin also strengthened by 2%
· EBITDA* increased 50% to £3.2m (2014: £2.1m)
· Profit before tax increased 42% to £2.7m (2014: £1.9m)
· Net Assets increased 22% to £7.6m (2014: £6.3m)
· Earnings per share 9.8 pence (2014: 6.9 pence)
· Return on equity increased to 31% (2014: 27%)
· Strong cash position of £4.3m at year end with £5m debt facility (£3.0m undrawn at the year-end)
· Proposed final dividend of 4.1 pence, making a total for 2015 of 5.9 pence up 47.5% on 2014 of 4.0 pence


Regards,
GHF
Posted at 29/10/2015 00:24 by chrisfillyourboots
If PurpleBricks is being valued at £250m next month and easyProperty at £75m then MCO should be worth at least £60m or 300p per share.
Posted at 09/9/2015 06:13 by bamboo2
09 September 2015

MARTINCO PLC

("Martin & Co", the "Company" or the "Group")

Interim Results for the six months ended 30 June 2015

Record revenue up 48% with successful integration of the "Xperience" brands and continued development of estate agency and lettings

MartinCo Plc, one of the UK's largest property franchises, today announces its interim results for the period ended 30 June 2015.

FINANCIAL HIGHLIGHTS

-- Revenue increased by 48% to GBP3.4m (H1 2014: GBP2.3m)

-- Management Service Fees (royalties) increased by 61% to GBP2.9m (H1 2014: GBP1.8m)

-- Gross profit increased by 53% to GBP3.2m (H1 2014: GBP2.1m)

-- Operating profit increased by 66% to GBP1.3m (H1 2014: GBP0.8m) before exceptional reorganisation costs of GBP0.1m following the acquisition of "Xperience"

-- Operating margin of 38% (H1 2014: 34%) before exceptional items

-- Strong balance sheet with a cash position of GBP3.8m at 30 June 2015 (H1 2014: GBP5.5m)

-- Earnings per share increased by 45% to 4.2p per share (H1 2014: 2.9p)

-- Interim dividend increased by 38% to 1.8p per share (H1 2014: 1.3p)

OPERATIONAL HIGHLIGHTS

-- 284 trading offices (H1 2014: 193), 239 franchisees, no company owned offices

-- 253 offices offering Estate Agency service (H1 2014: 145)

-- 44,000 tenanted managed properties (H1 2014: 31,000)

-- 7 new franchisees recruited (H1 2014: 12)

-- 5 new offices opened (H1 2014: 3), further 7 offices preparing to open (H1 2014: 3)

-- 6 portfolio acquisitions by franchisees, adding 519 tenanted managed properties

Ian Wilson, CEO commented:

"Our strategy of developing "The Property Franchise Group" by acquiring other property franchisors has delivered a very good set of numbers in the first half-year after our acquisition of "Xperience". We have seen a strong increase in Group revenue and an even stronger increase in Group operating profits.

"We have substantially completed the integration of the "Xperience" divisional functions into our Head Office in Bournemouth, and we believe that there is scope for further operational gearing if the right target presented itself. We have cash on the balance sheet, unused debt facility and evidence that we can execute and consolidate the acquisition of another franchisor successfully.

"We will be increasing our focus in the second half-year on franchise sales activity, as we believe that each of our five brands is capable of further development through a mix of franchisee recruitment, encouragement for existing franchisees to expand, and the conversion of competitors to a franchise model.

"The track record of our letting business is that it has traditionally performed more strongly in the second half of the year and this trading pattern is expected in our estate agency business for 2015. The slower start to estate agency transactions in 2015 compared to 2014 appears to be reversing and the value of our transactions exchanged at GBP6.6m was 21% higher in June 2015 than it was in the previous year.

"We are pleased to announce an interim dividend of 1.8p representing a 38% year on year increase and it confirms our commitment to a progressive dividend policy."
Martinco share price data is direct from the London Stock Exchange

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