Share Name Share Symbol Market Type Share ISIN Share Description
Mccarthy & Stone Plc LSE:MCS London Ordinary Share GB00BYNVD082 ORD 8P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.80 -0.69% 115.80 738,245 16:35:01
Bid Price Offer Price High Price Low Price Open Price
115.60 115.80 116.60 114.00 114.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 725.00 43.40 6.50 17.8 623
Last Trade Time Trade Type Trade Size Trade Price Currency
17:11:20 O 7,656 115.797 GBX

Mccarthy & Stone (MCS) Latest News (8)

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Mccarthy & Stone Investors    Mccarthy & Stone Takeover Rumours

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Mccarthy & Stone Forums and Chat

Date Time Title Posts
29/11/202011:25Early retirement for you Sir ... McCarthy and Stone525
20/10/200713:44MCS – starting to look very interesting2
14/8/200709:35Coming soon - Music Copyright Solutions66
27/1/200410:47My Chart Store-
27/1/200410:44My Chart Store-

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Mccarthy & Stone Daily Update: Mccarthy & Stone Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker MCS. The last closing price for Mccarthy & Stone was 116.60p.
Mccarthy & Stone Plc has a 4 week average price of 114p and a 12 week average price of 68.50p.
The 1 year high share price is 160.20p while the 1 year low share price is currently 36.54p.
There are currently 537,699,064 shares in issue and the average daily traded volume is 3,497,825 shares. The market capitalisation of Mccarthy & Stone Plc is £622,655,516.11.
dbskinflint: 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: 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: 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: 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!
thewheeliedealer: 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 hTTps://
asagi: 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)
spob: A full and fair offer would be around the 180p mark imo An acceptable offer perhaps somewhere in between 180 and 115 remember assets are held on the balance sheet at 'COST' i have no doubt there is lots of hidden value on the MCS balance sheet Anyway no need to accept 115p right now I already have plenty of cash waiting to be invested elsewhere
asagi: 115p also seems too cheap to me???? I got in a 72p last month. I guess as it has been recommended that's the minimum we will be getting. Asagi (long MCS)
paleje: The Times had a decent piece on them this morning:- McCarthy & Stone was finally finding its way through its own crisis when coronavirus hit. In fact, after steering clear for much of last year, this column recommended buying the housebuilder’s shares in February, when the price was 149½p. They were up ½p, or 0.5 per cent, at 72½p yesterday. McCarthy & Stone is Britain’s biggest builder of retirement homes, with a share of the market of about 70 per cent. It built just over 2,300 properties last year, the average selling price for which was £308,000. The company has reinvented itself after a profits warning last year, calling a halt to an overambitious expansion drive to concentrate on sustaining margins. Crucially, its new approach is built on flexibility: customers can either rent or buy. This cushions the group from much of the vagaries of the housing market in normal times, including by making it a property manager as well as a builder. Now it has closed sites and sales offices, furloughed staff and cancelled the dividend. Government support for wages and the lack of building mean that monthly costs are low, but Peel Hunt thinks it will need its banks to waive covenant restrictions on its debts if the lockdown continues past May or June. If it persists for several months after that, it might also need to turn to shareholders for cash, the broker thinks. Given that Persimmon, Vistry and Taylor Wimpey are resuming works or are preparing to do so, it would be unsurprising if McCarthy & Stone was to follow suit in the coming weeks. The company has an attractive business model, which Covid-19 does not jeopardise. The shares, down 51 per cent this year, are also cheap. The dividend has been cancelled so there is no yield, but the shares trade for only 7.8 times Peel Hunt’s forecast earnings. While obviously a possibility, the prospect of a cash-call does look fairly remote. It’s quite risky, but the share price is an opportunity.
speedsgh: MCS share price is going nowhere until the uncertainty re their exemption or otherwise from the proposed changes to ground rents is removed. I am expecting 'otherwise'. The market wants clarity. Continued "subdued conditions within the secondary market" doesn't help either. Not really much positive for the market to feed off in today's statement. Aimho.
Mccarthy & Stone share price data is direct from the London Stock Exchange
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