Mccarthy & Stone Share Discussion Threads

[tallprawn] 13/8/2018 16:34

Quite literally demolition to the tune of £4m -https://www.bbc.co.uk/news/uk-england-beds-bucks-herts-45167570

[master rsi] 31/7/2018 14:50

108p +1.80p

There is volume as the share price slowly has been moving higher, but today is having a spike as it broke 107.50p the last resistance as Intraday high during the last 10 days

The charts at ADVFN are not working properly, especially on the volume side, other places show as 4.2M

[master rsi] 19/7/2018 12:51

On the bounce today, as there is plenty of volume now 10M.
There was a 4.19M @ 101.90p sell that found buyers on 3 lots at 102.70p, must be the last of an Institution

[7kiwi] 27/6/2018 16:09

Wow. Trading below 100p.

[catsick] 22/6/2018 06:58

Interesting to not that whilst the uk gov want to ban the use of ground rents and throw a spanner in the works for mcs over in oz the two larger equivalents to mcs being ingenia and gty both operate on a land lease model where the old person gets to buy a home at a cheaper price and owns the house but has to pay rent for the land it sits on, kind of a leveraged version of ground rent, but everyone seems happy with it as they dont need to get a mortgage...uk gov meddling is not really helping either party here ...

[muffinhead] 21/6/2018 17:53

Canada... one of the most bubblishous housing markets fed easy money through shadow banking because the major banks have tighter standards

Canada Pension Plan Investment Board is probably overexposed to property like other Canadian pension funds that have doubled exposure since 2013

[speedsgh] 21/6/2018 11:48

Canada Pension Plan Investment Board reduce holding below notifiable threshold from 5.41% to 2.5%...

Holding(s) in Company -

[speedsgh] 21/6/2018 10:19

FWIW this is IC's take following the profit warning...

McCarthy & Stone hit by softening house prices -

... IC VIEW:
With uncertainty over leasehold legislation and no sign of an improvement in the housing market, the shares are unlikely to make any progress from here, and fell 15 per cent on the morning of this profit warning. However, with a strong balance sheet and attractive dividend, the shares, on just 0.8 times forecast net assets, look low enough. At 112p, hold.

[speedsgh] 21/6/2018 10:01

Prudential taking belatedly prudent action. Down from 12.01% to 9.64%.

Holding(s) in Company -

[speedsgh] 21/6/2018 09:07

Jefferies International issues a broker note on McCarthy Stone Plc -

Jefferies International today downgrades its investment rating on McCarthy Stone Plc (LON:MCS) to hold (from buy) and cut its price target to 116p (from 267p).

[muffinhead] 20/6/2018 12:18

I'm not going to buy this share as don't like the business model but made a note for myself after last post 371

68p for 50% writedown on current 2017 assets ( £289k average selling price H1 2018)
Cashflow issue if recession and left holding assets for sale

Over 55 apartments go cheap in a recession

[speedsgh] 20/6/2018 11:38

Royal London Asset Management go from 5%+ to 7%+ holding...

Holding(s) in Company -

[argylerich] 20/6/2018 11:09

McCarthy Stone Plc Jefferies International Hold Downgrades

McCarthy Stone Plc Numis Hold Reiterates

McCarthy Stone Plc Deutsche Bank Buy Reiterates

McCarthy Stone Plc Peel Hunt Buy Retains

DB and PH keeping with the buy despite the egg on faces

[speedsgh] 20/6/2018 11:07

Throwing good money after bad or market overreacting? Take your pick!

Director/PDMR Shareholding -

19/6 Karen Lester (spouse of Paul Lester, Chairman) bought 66,500 @ 113.2369p = £75,742

[hugepants] 19/6/2018 12:38

Thanks for the details Kiwi. It does look like things have deteriorated significantly here. I did well out of Bovis last year when it was trading well below NAV but not sure this is a similar situation

[7kiwi] 19/6/2018 12:30

HP,

I struggle to see how the dividend is safe with the collapse in profits and the removal of the handy £30m per year FRI sale revenue.

[hugepants] 19/6/2018 12:24

Yield is 5% now and discount to the tangible NAV forecast today is 15%. Not sure if that makes it worth buying.

The share price graph here looks the same as the other housebuilders. If you turned it upside down.

[finkie] 19/6/2018 10:22

Disastrous to be in this position when other companies have been throwing off cash such as Berkeley and Persimmon, the whole team needs a shake up and a proper 'property man' needs to sort them out Pidgeley needs to buy and create Berkeley retirement homes......

[catsick] 19/6/2018 07:58

Does note bode well for the chairman to chose to retire now too, environment getting less fun, get someone new in to do all the firing and a big kitchen sinking exercise...

[cwa1] 19/6/2018 07:54

Yes, sounds like a de-fenton-stration!

[7kiwi] 19/6/2018 07:51

Expect a bloodbath in the share price.

Operating profit forecast of £65-80m. And £30m of that is FRI sales. So, underlying once the Ground Rent laws come in is £35-50m. ANd they are going to end up with net debt at the year end - when they should have max cash in the bank.

Fenton gone too, and no replacement - so he was pushed.

[catsick] 19/6/2018 07:42

Taking a look at these after seeing todays profit warning, I held them a long time ago and was taken out by the buyout back in 2006, Below 1pound may be interesting, seems business is slowing and they are stuck with extra inventory as well as a bunch of px property which I am not a big fan of, however sector is good long term and debt is low for now. Nice to see once again the gov shooting themselves in the foot with the ground rent issue which will clearly lead to less construction, in mcs case can already see it has led them to be much more conservative...