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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mccarthy & Stone Plc | MCS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 119.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 119.80 | 119.80 |
| Top Posts |
|---|
Posted at 23/10/2020 07:05 by eezymunny Proper kerching. A nice win for value investors. Price here has looked to have great downside protection since spring. A monster for me. Cheers m'lud! |
Posted at 15/7/2020 08:13 by eezymunny An interesting one MCS. As you say brwo valued way below tangible book which is held at cost. Prices of their properties would have to fall through the floor for an investor to lose money here. Might happen of course, but I find the balance sheet makes it more attractive than the mainstream builders, some of whom are valued way above book. Will be some time before buyers come out in force for retirement properties of course...Encouraging that they haven't impaired any inventory (yet!). |
Posted at 03/7/2020 09:41 by brwo349 McCarthy & Stone (the "Group"), the UK's leading developer and manager of retirement communities, will report its financial results for the six months ended 30 April 2020 on Wednesday, 15 July 2020.On the same day, in light of the ongoing situation surrounding COVID-19, management will host a virtual presentation for analysts and investors at 9.30am. A live audio webcast will be available here: hxxps://www.investis |
Posted at 12/4/2018 10:55 by speedsgh McCarthy undervalued by investors, says Jefferies - A review of ground rents has left investors wary of McCarthy & Stone (MCS) but Jefferies believe the retirement home developer is offering the potential for high growth for ‘many years’. Analyst Anthony Codling retained his ‘buy’ recommendation and target price of 267p on the shares, which fell 3.7% to 132p yesterday. ‘McCarthy currently trades below current year 2018 net book value, whereas the broader UK housebuilding sector trades at more than a 50% premium,’ he said. ‘It seems to us that currently investors cannot see past McCarthy’s ground rent [review], but we see significant upside for the price of McCarthy’s shares once it leaves [this] behind.’ He added that the company was ‘the market-leading provider’ for homes for people aged 55-plus and ‘given the profile of the UK’s ageing population, we believe that the market for age-specific housing has the potential for high growth for many years’. |
Posted at 29/3/2018 12:28 by speedsgh Illsley hails best opportunity in builders since 2008 - JPM UK Equity Core fund manager James Illsley believes Brexit has handed investors their third big chance this century to invest in house builders. House builders have been hit by a slowing housing market this year but Citywire A-rated Illsley believes there is still value in the sector which is fast falling out of favour. He said there had been three opportunities to buy into house builders since 2000, with the first during the dotcom bubble. While everyone was buying tech companies ‘that had just been set up in someone’s garage’ Illsley bought housebuilders with ‘good land banks, good franchises, and good business models on less than book value’. ‘We were buying a company at less than the value of its land and buildings,’ he said. ‘We then know that housebuilders and lots of value stocks then outperformed until 2006/7.' Instead of ‘realising that value was an outperforming strategy over the long haul’ and using the financial crisis to buy into housebuilders, investors still made excuses, said Illsley. ‘Post financial crisis, it got worse, you could buy house builders on a third of book value. We were buying Barratt Developments (BDEV) on about 0.3 times,’ he said. Fast forward to today and Brexit has created another opportunity to buy house builders which are now ‘emotionally valued and out of favour’. ‘Investors find reasons not to buy an undervalued, depressed sector,’ he said. ‘Again, post-Brexit, Bellway (BWY) was one of the key stocks we bought at book value.’ However, he is only positive on the outlook for house builders that are supported by government initiatives, such as the Help to Buy scheme. He noted that the UK housing market was still under-supplied, with just 200,000 houses a year being built out of the 250,000 needed but said it was a ‘two-speed market’. 'The new build market is supported by government action, like Help to Buy… the secondary market is not as strong as new build,' he said. This means while new build company Bellway is a ‘buy’ for Illsley, McCarthy & Stone (MCS), which specialises in retirement homes, is not. ‘With McCarthy & Stone you have to sell your home to buy a retirement home,’ he said. ‘It relies on the secondary market to realise proceeds. The secondary market has been weak and slow.’ This means that McCarthy & Stone has had to offer greater incentives to potential buyers, such as part-exchanges on their homes. |
Posted at 19/10/2017 13:56 by 7kiwi That's true duckdown,ANd of course, mainstream estate agents are poor at selling the benefits you so eloquently set out. MCS did have their own estate agency a few years ago, but the PE investors shut it down. |
Posted at 07/9/2017 16:00 by speedsgh Ground rent cut ‘means fewer flats’ - Britain’s biggest retirement housing builder has said that any moves by the government to reduce ground rents for new-build flats to a peppercorn rate would cause the developer to build fewer homes for the elderly. McCarthy & Stone, which controls 70 per cent of the retirement housing market, specialises in apartments and sells most of them leasehold, with the freehold sold to private companies. The ground rent charged by the private investors starts at about £450 per year and rises in line with the retail prices index every 15 years. Last year McCarthy & Stone made 4 per cent of its revenue, about £27 million, by selling freeholds to investors. The government has launched a consultation into whether it should ban developers from selling new-build properties leasehold, or whether the ground rent on new leases should be restricted to a nominal rent. Clive Fenton, chief executive, said that capping ground rent at a peppercorn rate would deter investors from buying the freehold. “These are not windfall profits, these are brought into our land appraisal and impacts how much we can afford to pay for land,” he said. The warning came as the group, which suffered a 25 per cent fall in pre-tax profits in its first half, said in a trading statement that it had largely recovered after an initial slump in profits after the EU referendum last year. |
Posted at 19/10/2016 07:32 by skinny McCarthy & Stone (the "Group"), the UK's leading retirement housebuilder, will report its full year results for the year ended 31 August 2016 on Tuesday, 15 November 2016.On the same day, management will host a presentation for analysts and investors at the offices of Deutsche Bank, Winchester House, 75 London Wall, London, EC2N 2DB. Refreshments will be served from 09.00 for a 09.15 start. |
Posted at 26/11/2015 10:16 by argylerich Used to be an investor here too before it was bought out. I'm interested in the sector but at a P/E of 60+ the timing doesn't look right for me yet.It looks as though they've remained purely with the retail model from what I can read from the accounts, although does anyone know if they've started dabbling in these leases which have sell on charges to the owners? Good luck to holders. |
Posted at 19/10/2006 14:04 by 4johnb 1 of 3 10/19/06 7:06 PMRegulatory Announcement Go to market news section Company Music Copyright Solutions PLC TIDM MCS Headline Issue of Equity Released 10:03 19-Oct-06 Number 7102K RNS Number:7102K Music Copyright Solutions PLC 19 October 2006 Music Copyright Solutions Private Placing Strengthens financial base as well as signalling expansion into Asia The board of Music Copyright Solutions plc ("MCS" or the "company") is pleased to announce that the company has raised £652,500 from an Asian based investor group by the transfer of certain existing Shares, and the issuance of new Shares and convertible loan notes, through a private placement. The Board of Directors is also pleased to announce the appointment of Peter McIntyre Koenig as non-executive director of the company. John Sanderson, MCS Chairman commented "I am thrilled with the deal. The involvement of new investors will bring a change of fortunes and impetus for MCS. They bring a new dimension in international business skills, particularly in the Far East and China and we very much look forward to working with our new director Peter Koenig who will join the board." Transaction highlights Transfer of 5.5m shares As part of the agreement announced on 27th September, 2006, Way Back When Ltd (WBW) acquired 7,305,882 ordinary Shares of £.01 each in MCS from Menzies the Administrator of Kingstreet Media Group Ltd (in administration). MCS has agreed that WBW transfer 5,500,000 of the Shares to investors in the private placement for £5,000. The private placement investors have simultaneously paid MCS £247,500 (4.5p per Share) for the Shares acquired from WBW. WBW retains an interest in 1,805,882 Shares after this transaction, representing 5.13% of the newly enlarged share capital (see below). Issuance of 4.5m new Shares In addition to the funds raised by MCS through the transfer of WBW Shares, 4.5m new Shares have been placed with investors, at 5p per Share. Application has been made to AIM for the shares to be admitted to trading. Admission is expected to occur on 23rd October 2006. Issuance of convertible loan notes and warrants Additionally, MCS has issued 180,000 convertible loan notes of £1; the notes are Market News 2 of 3 10/19/06 7:06 PM zero coupon, unsecured and repayable in two years and convertible into Shares on the basis of 20 Shares per loan note. MCS has issued warrants to the investors in the private placement, exercisable into 5,822,850 MCS Shares at a price 4.5p per Share. Conversion of Brian Scholfield's directors loan Mr Scholfield has agreed to convert £200,000 of his secured directors loan to MCS into ordinary Shares at 6p per Share. The Directors, other than Mr Scholfield, consider, having consulted with Daniel Stewart & Co plc, Nominated Adviser to MCS, that the terms of the conversion of the loan are fair and reasonable insofar as its shareholders are concerned. Shareholder Approval In order to increase the Share capital and authorise the Directors to allot the shares arising from the exercise of warrants, conversion of the loan and convertible bond a resolution will be put to shareholders at the next AGM of the Company. Shareholdings as a result of the Private Placement Prior to the exercise of warrants or the conversion of the convertible bond, there will be 35,228,558 MCS Shares in issue. Subsequent to the transaction outlined above, and in addition to previous regulatory disclosures the following parties will have the following notifiable interests: TW Indus, a company wholly owned by Mr. Ilyas Khan, 4,400,000 Shares, or 12.49%. In addition, Mr. Khan already has an indirect interest in a further 550,000 Shares, or 1.56% which is held through Creative Work Ltd., a company in which Mr Khan has a 47.5% shareholding. Mr. Khan will become the largest single shareholder on record of the company (see below) Solent Nominees will have an interest in 4,300,000 Shares, or 12.21% of the issued share capital Galloway Ltd., will have an interest in 1,300,000 Shares, or 3.69% of the issued share capital New Board Member Peter McIntyre Koenig (aged 62) joins the Board as a non-executive director. Peter has a financial and business background having over 30 years experience in journalism, including senior editorial positions for respected financial publications including the Institutional Investor, Euromoney, the Independent on Sunday and Bloomberg News. Peter is currently a contract business correspondent for the Sunday Times and is a director of the Elfida Charitable Trust based in London and established for the benefit of the disabled. He also serves as independent non-executive director of Techpacific Capital, a company listed in Hong Kong (and where Mr Khan serves as non Executive Chairman). There is no further disclosure required pursuant to schedule 2(g) of the AIM Rules. Mr. Ilyas Khan Mr. Khan is based in Hong Kong. He is the founder of Techpacific Capital Limited, an investment company that includes amongst its major assets an 80% stake in Crosby Capital Partners (quoted on the London Stock Exchange's AIM), and various oil and gas assets in the Gulf of Mexico. Mr. Khan is a non executive director of a number of other companies including London listed Speymill Group, Australia listed White Energy Corporation, and Creative Work Market News Limited which is privately held, and headquartered in Hong Kong. This information is provided by RNS The company news service from the London Stock Exchange END London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply. ©2006 London Stock Exchange plc. All rights reserved |
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