Mccarthy & Stone Share Discussion Threads

[sphere25] 05/10/2020 15:54

Big chunk of 14.1m gone through at 74p. Possibly Alchemy building a stake, seen them do it before.

And does it mean it could break out of the range if they keep buying? Let's stick it on the list and monitor.

[cl0ckw0rk0range] 11/9/2020 06:52

Oooooowweeeee

[bell011] 25/7/2020 17:52

Growing old is not part of the plan for the "new normal".

[brwo349] 25/7/2020 14:20

lol growing old is a growth industry.
Where will all the old people go. I know Id rather be in a retirement home than a care home.

[kramch] 15/7/2020 12:29

£25m loss and £63m write-off of goodwill etc. Expect bigger Covid impact in H2. Move to offer BTR developments which they intend to package up and sell in funds, with - solid income streams backed by lots of pensions!

Odd how goodwill is valid one year and not the next! But I'm sure they won't be the only ones taking the opportunity to dump it, improves ROCE and, as CEO's chirp - it's only a non-cash adjustment(except of course that we once paid for it!).
AIMHO K.

[eezymunny] 15/7/2020 08:13

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!).

[brwo349] 15/7/2020 07:55

Responded early to Covid-19 with absolute focus on our customers and our people resulting in Covid-19 infection rates being 27% lower than the over 65's UK population and four times lower than the over 85's

o Currently only one confirmed case on our developments



This mornings results confirm the tangible net asset value is 65% higher than the 75p share price

[brwo349] 03/7/2020 09:41

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-live.com/mccarthy-and-stone-plc/5efdf56627577e100062ec7a/qlql

[sunshine today] 28/6/2020 20:47

Rather than buy a house from this mob, that falls for the following 20 years.

If you want one wait till the first generation of purchasers dies.

Always ten or so being sold by the estates family on each development.

No market for them so just offer 25% less.

[spurslegend1] 25/6/2020 21:17

#HSBC housebuilders VALUATION Everything’s a “buy”: #SIG #BKG #TW. #PSN #BWY #CRST #MCS #RDW #VTY

[brwo349] 22/6/2020 14:29

nice
up 9%

[brwo349] 16/6/2020 17:01

Up just 1% whereas the rest of the housebuilders are up 3%-5% so the discrepancy increases. M&G must still be selling. When they are out this will go up 25% in the blink of an eye. Strong buy.

[brwo349] 10/6/2020 10:46

just need someone to clear out M&G

[brwo349] 10/6/2020 10:46

The fall to 45p was mad. Its now 75p but that still more than 50% drop from the pre-covid price. I've checked other housebuilders and none are down this much now never mind being valued so much below the tangible net asset value.
Crest is down 45% so that comparable but its priced close to net assets so not so attractive.

[wskill] 09/6/2020 18:15

That's the reason that we have not followed the rest of the house builders up ,as soon as they are out MCS will recover .

[brwo349] 09/6/2020 16:38

There it is. M&G bailing. Now down to 4.48% from 7.35%

[brwo349] 09/6/2020 12:26

Market cap is now £411M against £687M TNAV at 28 February 2020.
Most of the TNAV is inventory and the gearing as at final results date was only 8%.
Crazy. 100p first stop.

[brwo349] 08/6/2020 17:14

Bought more before the close. There is 50% upside at the very least.

[brwo349] 08/6/2020 12:42

edging up slowly - 80p now being paid.

[brwo349] 08/6/2020 08:36

Certainly last weeks news has kicked fears of a placing into touch.
It's the discount to book value that is intriguing me the most.
The market cap is £425M against a £687M TNAV at 28 February 2020.
That's more than 50% upside just to get to TNAV

[brwo349] 02/6/2020 10:51

This update confirms MCS homes are the safest place for the elderly.
The share price has a lot of catching up to do compared with the housebuilding sector in general.