Mccarthy & Stone Share Discussion Threads

[aim11] 04/4/2017 16:00

This stock has been very weak recently and is priced to profit warn, so we'll see what it says tomorrow.

[pillion] 04/4/2017 13:47

McCarthy & Stone (the "company"), the UK's leading retirement housebuilder, will report its interim results for the half year ended 28 February 2017 on Wednesday 5 April 2017.

[aim11] 03/4/2017 11:34

i think the MCS exit fee is 1% but that goes into a sinking fund which is managed by the residents, to cover major repairs. It doesn't go to MCS. I would expect MCS to welcome some proper regulation of the sector which would ultimately make people more comfortable with the concept.

[wan] 24/3/2017 08:18

I am invested here because the story is somewhat different to the 'other' house builders. The demand for retirement housing is just as strong (possibly stronger) as for standard housing, but the barriers to entry into the specialist retirement space is high. The following recent story provides good background, some interesting stats and sums up the opportunity very nicely indeed -

20th March 2017
‘Over-65s will rise by 50 per cent ... that’s our opportunity for growth’

hxxp://www.bournemouthecho.co.uk/business/news/15170021.___Over_65s_will_rise_by_50_per_cent_____that___s_our_opportunity_for_growth___/

[aim11] 21/3/2017 09:43

so far we certainly chose the wrong homebuilder to own that's for sure.

[aim11] 13/3/2017 07:55

looking like a breakout about here, 220 is the next stop after that i think

[jopper74] 12/3/2017 21:56

Hopefully the Bovis offer and some speculation in the sector can push this one back through the 200 barrier

[its the oxman] 11/3/2017 15:15

Looks ready for next leg up through 200p.

[pillion] 07/3/2017 14:31

Thanks speedsgh

[speedsgh] 07/3/2017 13:26

Definitely worth a read...

McCarthy & Stone: an older and wiser company -

EDIT - Just noticed that the article is dated 23/5/2016 but still worth a read imo

[its the oxman] 07/3/2017 12:51

All as expected really. Steady progress.

[jopper74] 07/3/2017 11:22

Looks like finishing blue after that little shake by the mm's....good solid results. Boring companies are where the long term gains are to be made.

[melody9999] 07/3/2017 08:25

full year expectations on track. that is all that metters

[spoole5] 07/3/2017 08:21

Bit of profit taking after recent strong run. Solid update, no mention of brexit induced weaker demand. Everything on track. Excellent long term story here.

[wan] 07/3/2017 07:44

I still think we may get favourable wind going forwards (over and above the demographics backdrop). Thus the bit that caught my attention -

"We look forward to working with the government to build on the policies in the White Paper and support the delivery of a greater choice of housing options for those in later life."

[aim11] 07/3/2017 07:32

Not much new in the trading update, reiterating full year guidance again and that H2 will be stronger than H1 as said before, and that they have enough land under detailed planning consent to achieve the 3000 target. If they start making good progress towards the 3000 number the stock will be towards 300 again.

[pillion] 03/3/2017 00:07

I'm still hovering over the buy button; just need a push !

[bigbertie] 02/3/2017 11:41

thanks mfh, I think this update could go either way. They have already said that first half will not be great, but the key thing will be whether they have taken enough actions to ramp up output from now on, IMHO.

[mfhmfh] 02/3/2017 11:05

half year update 7th March on company's website

[bigbertie] 02/3/2017 10:47

Wasn't there an update scheduled for 28 Feb? I have a note to that effect.

[aim11] 02/3/2017 08:28

interesting wan, thanks for posting

[wan] 02/3/2017 08:05

From today's FT -

Budget checklist — what could it mean for your money?

Philip Hammond is not expected to pull any rabbits out of hats

Property

After the fanfare of February’s white paper on housing, most experts expect the Budget to focus its property-related energies on giving support to measures proposed in the long-term policy document.


Another area that the white paper promised to address was the obstacles to downsizing for older people, who can be put off for moving into smaller homes in retirement by the high transaction costs associated with a sale and purchase. Experts have raised the possibility of adjustments to stamp duty to encourage more efficient use of housing stock at this end of the market.

Full story -