Mccarthy & Stone Share Discussion Threads

[spob] 11/2/2021 08:25

or just go here

[thewheeliedealer] 03/2/2021 20:15

Hi everyone,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes MCS which I sold recently, taking a painful hit (there are lessons from this which I talk about).

As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. We included a bit on ‘Lockdown Fever’ which our Listeners seem to have particularly enjoyed (a bit surprising !!).

Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 41) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!

Cheers, WD
@wheeliedealer

[techno20] 07/12/2020 08:24

Agreed, but with no-one else seemingly entering the fray and continued support from the BOD,looks like that’s all we’re going to get.

[spob] 07/12/2020 07:52

new bid 120p

still inadequate

[dbskinflint] 29/11/2020 11:25

Techno yes you are right its Goldman not JPM acting for Bidco. RNS late Friday suggests JPM sold out on 25th Still there are big chunks of shares / voting rights moving about The acceptance threshold (75%) seems quite high to me but I have zero experience in these events. As the sales are only just above the offer price (1-2p)I am guessing it is the big boys lining up the vote the way they want it. Rather than a white knight in action in the wings We can however but hope!

[techno20] 29/11/2020 10:32

Looking at scheme of arrangement details, looks like Goldman’s working for Bidco and Rothchilds for MCS. Can’t see any reference to JPM.

Best part of 4m after hours trades reported on Friday @ 116.8, so still think there’s more to play for. Oliver Shah stating the Board rolled over too easily in today’s Sunday Times should help the case. It was too cheap before the vaccine fuelled market recovery, so looks even more meagre now!

[dbskinflint] 26/11/2020 15:11

Well I am listening if no one else. Not sure I can contribute much but isn't JPM acting for Bidco? Wish I understood quite what the 10 announcements a day actually mean in reality. Lots of money managers having shorts etc higher than the offer price so maybe the price will be forced up a smidge? I think the big boys will carve it up as they want and tiddly share holders like me will get what they decide

[techno20] 26/11/2020 10:31

I know I’m talking to myself, but JP Morgan added 0.5%

[techno20] 26/11/2020 08:35

Buying at 119p this morning. News imminent of revised bid!? ......admittedly only 12 shares bought at that price, but I remain optimistic. 115p is too cheap!

[techno20] 11/11/2020 19:25

After hours trade of 1m shares @ 117p. Won’t be long before they improve the terms or another bidder emerges.

[techno20] 11/11/2020 19:09

Downbeat statement from a management team trying to justify acceptance of a deal in their own words that offers only “fair” value. Surely management should be seeking deliver more than that that for their shareholders! More to play for IMV.

[thewheeliedealer] 10/11/2020 16:09

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes MCS (which I hold myself) and how we deal with Takeover situations. We also chatted about loads of other Stocks and Ideas for research with a particular slant on potential Takeover Targets, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 35) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[techno20] 10/11/2020 15:15

Topped up. Decent chance of an improved offer and (hopefully) limited downside. GLA

[techno20] 10/11/2020 14:15

Only 17% on board. JP Morgan building. Think this is going to get lively!

[minsky] 10/11/2020 10:48

Lone Star are very very lucky.
With the general vaccine uplift, without the bid this would probably be over 115 by now.
The Board should reject the offer and ask Lone Star to come back with a higher number.

[spob] 04/11/2020 19:02

hit 119 today

[cl0ckw0rk0range] 02/11/2020 23:33

Perhaps they are just covering.

[finkie] 02/11/2020 12:10

whats the view are the mm's just buying shares at marginally above offer to sweep up stock ahead of takeover.....doesnt feel that there is another suitor to me, if price went to 120+ then that would say something.....

[cl0ckw0rk0range] 31/10/2020 23:23

Any other similar company's out there?

[techno20] 30/10/2020 18:32

Getting interesting.....Transaction of over 1m shares @ 117.4p.

[asagi] 28/10/2020 19:57

has anyone read Appendix III to the RNS?


The 17.1% agreements that the board have entirely comprises the board themselves and one investment manager, Anchorage, who reserve the right to revoke their irrevocable approval if another bid comes in at 15% higher than Lone Star's.

Essentially, the thing has been recommended to all shareholders on the say-so of what, fewer than ten people!

The board and the non-execs comes out of this with very little credit indeed.

Asagi (long MCS)

[kramch] 28/10/2020 11:08

A good article by Edmund Jackson, raising a number of questions about management's recommendation for the bid.

I listened to the AGM webinar a few months back when the CEO extolled the strengths and opportunities of the company. Strange how they have all disappeared suddenly and we need to be taken over by a US carpet-bagger!

K.

[spob] 27/10/2020 18:43

Also, when the opportunity to vote on this deal arises, I will not be accepting this offer.

[spob] 27/10/2020 18:35

Yep me too

It's not over till it's over

plenty of time yet for a counter bidder to step in

[profdoc] 27/10/2020 17:49

The Edmond Jackson article on ii.co.uk is very good - very well informed and cogent arguments. Thank you Mr Jackson. I'll continue to hold.