Share Name Share Symbol Market Type Share ISIN Share Description
McCarthy & Stone LSE:MCS London Ordinary Share GB00BYNVD082 ORD 8P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.40p +0.25% 161.30p 160.60p 160.90p 162.40p 160.00p 161.90p 1,501,174 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 635.9 92.9 13.9 11.6 866.70

McCarthy & Stone Share Discussion Threads

Showing 376 to 398 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
19/10/2017
13:56
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.
7kiwi
19/10/2017
13:27
In part, I agree re the lifestyle. So the clever thing is to buy second hand, (at 1/3rd of the price,). The service charges are not cheap though.
pet lover
19/10/2017
12:25
Resale values for retirement properties kind of misses the point. They are a lifestyle choice for elderly people (often who have lost their partner) who want ease of maintenance, to be within walking distance of the shops and (most importantly) a social circle so that they are not lonely. This also gives peace of mind for their children who aren't always able to visit regularly. These retirement developments age with their residents, hence why resale values are lower. When the new sites are released most buyers are around a similar age (75-80), but 10 years later those residents are all obviously 10 years older so it's not as attractive a proposition for those 75-80 year old buyers because all of the other residents are now 85-90. They are not an investment to make money from like other property types, they are solely to help older people enjoy the last few years of their lives. From first hand experience talking to some people who live in them, they seem to love it and it gives them a new lease of life. I suppose it depends how much you value quality of life over property investment.
duckdown
19/10/2017
12:04
high volume again today
mfhmfh
18/10/2017
16:15
Yep but why.? I thought spread sheet phil was going to help young buyers and disadvantage older buyers in the budget. ???????????????????????
3rd eye
18/10/2017
16:15
Yep but why.? I thought spread sheet phil was going to help young buyers and disadvantage older buyers in the budget. ???????????????????????
3rd eye
18/10/2017
14:25
Massive volume today
mfhmfh
02/10/2017
13:18
HTB will have no impact on MCS
7kiwi
02/10/2017
08:29
* HOUSEBUILDERS-Hopes that PM will increase Help to Buy scheme(FT)..........+1%
cwa1
02/10/2017
08:16
Broker note for the sector this morning?
argylerich
18/9/2017
13:24
The fact is most of the new development sites are in very poor locations. The ones in very good locations will sell, be it new or old. The smart thing is clearly to buy 2nd hand and put in offers 25% off asking prices. Some of these flats can be bought second hand for under £80,000 which is good value. The real problem for this company is shifting stock as the market falls of a cliff turnover, and price wise. You need to build out the whole site prior to the first punter moving in.
pet lover
18/9/2017
11:33
It's always a mixed picture Ben. But MCS has always had some problem with the resale value on some sites. As I understand it from their statement to Moneybox that was read out, about two thirds of their sites have experienced stable to rising prices on resale. THe implication of this is that one third have seen prices fall, in the face of generally rising house prices. This is not good. This BBC article suggests half of all retirement properties re-sell at a loss. MCS makes up by far the largest part of the market. hTtp://www.bbc.co.uk/news/business-41200686
7kiwi
18/9/2017
09:37
Regarding the very negative press comments about resale values of MCS retirement apartments, I live in the north and there is a MCS development near me which was completed in 2013. There is a waiting list for units which become available as demand is high, and on looking at the sale prices of units which have changed hands over the last few years they are more than holding their own price wise with no apparent fall in price. Apartments which come up for sale are usually sold within a week and as I mentioned above you have to register with the dedicated agent and hope he contacts you with news of an apartment coming up for sale.
bengrady
12/9/2017
08:37
I don't think the following recent Report will help sentiment either - Housing our ageing population Learning from councils meeting the housing need for our ageing population 08 Sep 2017 Excerpt from Page 17 - However, there has been a substantial increase in non-grant funded private sector retirement housing and housing associations rebranding and improving their older people’s ‘offer’ by developing more ‘mid-market’ choices, in particular targeted at a more affluent or ‘downsizer with equity’ market. Full Report - https://www.local.gov.uk/sites/default/files/documents/5%2017%20-%20Housing%20our%20ageing%20population_06_WEB.PDF
wan
11/9/2017
11:16
speedsgh 7 Sep '17 - 08:12 - 300 of 306 0 0 McCarthy & Stone is bouncing back, says Peel Hunt - HTTP://citywire.co.uk/money/the-expert-view-imperial-brands-barratt-and-sports-direct/a1046860#i=6 Analyst Clyde Lewis retained his ‘buy’ recommendation and 220p target price on the shares, which was trading up 1.6%, or 2p, at 163p at the time of writing. Company broker recommends a "buy" and a few trading days later, the price is well below his buy rec. And they wonder why nobody believes their 'research'.
7kiwi
11/9/2017
10:11
Looks like somebody is offloading
7kiwi
09/9/2017
09:14
MCS did create their own estate agency to manage resales. They had some success in supporting resales prices, because they had a better database of people who might want to buy than traditional estate agents. But, this was closed when the refinancing happened a few years ago. Looking like a short-sighted decision now.
7kiwi
09/9/2017
06:29
http://www.bbc.co.uk/news/business-41200686
pet lover
08/9/2017
17:42
Decisive close below 160. Appears that the market not impressed with the trading statement. I didn't like the focus on gross selling prices. It's net prices after discounts and incentives that matters. Avoiding discussion of that makes them look evasive. And no discussion of the Government's ground rent proposals in their formal RNS. Poor. Next year might be stronger, but the back end loading of the sales releases and first occs, makes the year very sensitive to the weather in the winter which might impact build schedules
7kiwi
07/9/2017
16:00
Ground rent cut ‘means fewer flats’ - HTTPS://www.thetimes.co.uk/edition/business/ground-rent-cut-means-fewer-flats-c70hw02w5 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.
speedsgh
07/9/2017
08:12
McCarthy & Stone is bouncing back, says Peel Hunt - HTTP://citywire.co.uk/money/the-expert-view-imperial-brands-barratt-and-sports-direct/a1046860#i=6 Retirement housebuilder McCarthy & Stone (MCS) has shaken off a difficult first half of the year and although conditions are still tough, Peel Hunt believes the shares are trading on too wide a discount. Analyst Clyde Lewis retained his ‘buy’ recommendation and 220p target price on the shares, which was trading up 1.6%, or 2p, at 163p at the time of writing. ‘After a difficult first half the group has seen a decent bounce back in terms of volumes, and especially margins, in the second half,’ he said. ‘Market conditions for the group remain tougher than for other house builders due to the lack of any support from the Help to Buy scheme. While the group is sticking with its medium-term volume target of 3,000 units, it looks more likely this will be achieved in 2020 and not 2019 as we have forecast.’ This change in forecast has led Lewis to pull back top-end forecasts to ‘just below consensus numbers’ but he still feels the shares are too cheap. ‘The shares are trading on c.1.15x price/net asset value for current year 2018 versus a sector average of 1.85x, which looks too large a discount given the massive shortage in retirement housing in the UK,’ he said.
speedsgh
06/9/2017
16:59
I am quite happy with the trading update.
crystball
06/9/2017
11:27
no negatives in today's statement
mfhmfh
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
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