Martinco Share Discussion Threads

[battlebus2] 05/4/2016 07:01

Ian Wilson certainly thinks so....

Despite changes to the tax treatment of buy-to-let investors we remain very positive about prospects for the private rentend sector as the fundamental drivers all remain in place. We have a strong balance sheet, five great property brands and an experienced management team leaving us well placed to EXCEED our strong performance in 2015.

[battlebus2] 05/4/2016 06:53

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.

[albanyvillas] 05/4/2016 06:45

Loads of landlords selling up

[spooky] 05/4/2016 06:36

Looks like they have missed forecasts of 10.1 EPS and 3.1 PBT.

[glasshalfull] 05/4/2016 06:24

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

[battlebus2] 05/4/2016 06:15

Fabulous set of results involved. Revenue up 38% profits up 42% and dividends up 40%. Rosy outlook with more to come from legal services tie up with L&G. :))

[nigthepig] 04/4/2016 18:13

Thanks ghf.

[peter27] 04/4/2016 17:28

thanks for the new thread. Here's hoping ...

[battlebus2] 04/4/2016 16:47

Thanks for the new thread GHF and more importantly the excellent company summary and investment case.

[battlebus2] 04/4/2016 15:14

Cheers.....

[glasshalfull] 04/4/2016 15:11

The creator of this thread wilco hasn't posted in 2-years...
I'll rattle out a new thread with charts & some info in the header.

Regards,
GHF

[battlebus2] 04/4/2016 14:45

Can't complain about expected EPS growth here...pedestrian??

[battlebus2] 04/4/2016 14:43

I even went to the trouble of liking it :)) Had these on my weekly results watchlist along with hostel world so plumped for both....

[glasshalfull] 04/4/2016 14:38

LOL Battlebus. Wondered if you had observed my tweet...and see that you have ;-)

Picked up some earlier today as a read across from peerBVR (Belvoir) which was +16% earlier today on a decent set of results.

My thanks to the excellent AIM prospector for flagging back in November 2015 & also for reminding me of the prospects earlier today.



Regards,
GHF

Twitter - glasshalfull1

[battlebus2] 04/4/2016 13:05

I agree bamboo and have been nibbling a few, looking forward to results.

[bamboo2] 26/3/2016 23:45

Looking somewhat oversold.

[pyemckay] 04/11/2015 13:30

fallout from property sector falls. Nothing to worry about imo. its very lightly traded also. no volume behind the move down.

[nigthepig] 04/11/2015 13:27

Chrisfillyour boots - what's happened here then?

[chrisfillyourboots] 29/10/2015 00:24

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.