|McCarthy & Stone
||EPS - Basic
||Market Cap (m)
|Household Goods & Home Construction
McCarthy & Stone Share Discussion Threads
Showing 301 to 324 of 325 messages
|the performance of this stock vs other uk homebuilders and recently vs other uk focused names even rubbish like debenhams and dunelm is quite frankly appalling.|
|inching up slowly. moving in the right direction at least.|
|nice, gradual rise continues.
more 'holdings in company' rns statements today.|
|anchorage capital just gone to 18%|
|agreed with that, much higher growth coming through in higher margin, higher ASP sites, with a strong balance sheet...incrementally things should look a lot better over the next few quarters|
|future looks bright. rated as a buy in IC article from yesterday.|
|............. our strategic growth plan will see us almost double our build starts this year and our sales releases next year.............
Not holding but looks good
|sounded like a solid conference call, incentives back to -5% in H2 and -6% average for FY17, so the same as last 3 years. Big increase in volumes for FY18, and on target for 3000 by FY19 with a slight skew towards FY19 vs FY18 trajectory but not much according to CEO.|
|Thanks for pointing that out.|
|"In line with the Group's progressive dividend policy, the Group is announcing an interim dividend of 1.8p per share (2016: 1.0p per share - pro-rated for period since listing), to be paid on 9 June 2017 to shareholders on the register at close of business on 28 April 2017."
Interim div H1 2016 - 1.0p*
Interim div H1 2016 - 1.8p
* Pro-rated from the IPO in November 2015 to February 2016. Had we applied our policy of paying a 1/3 first half and 2/3 second half dividend in the prior year, H1 FY16 dividend would have been 1.75p per share
So increase in interim dividend in real terms is 2.9%.|
|I can't see much wrong with these results and look forward to the significantly increased dividend. The outlook, as long as there isn't a house price crash is good.|
|The usual pattern on results and trading updates is a fall first thing then later recovery. Let's see.|
|seems like there is something very negative that i'm missing here at least.|
|yes i think ultimately the key thing for this stock is can the growth re-accelerate to previous rates and so they hit the 3000 target. The doubling of sales releases in FY18 vs. FY17 and the current large increase in build activity to deliver this suggests it can.|
|Results as expected, but the outlook suggests strong growth will be delivered going forwards, with the progressive dividend also implying management confidence.
The section on the White Paper also suggests a tailwind, in addition to the demographic/supply and demand backdrop, may emerge soon.|
|In addition to our focus on FY17, we continue to make strong progress to build our workflow for FY18 and FY19 delivery. Build activity has now started on 44 new sites as at 31 March 2017 (2016: 34), and a further 16 new site starts are expected by the end of Q3 FY17 (FY16: 9). These site starts will drive the increase to over 80 sales releases in FY18, almost double the expected level of sales releases in FY17. With all detailed planning consents in place to deliver targeted sales in FY18 and sufficient land under control to deliver targeted sales in FY19, the Group remains confident of delivering its strategic growth objective of building and selling more than 3,000 units per annum|
|MCS is nowhere near as bad as Audley in terms of exit fees.
It did start its own estate agency to sell 'used' properties to help support new pricing. But that closed a couple of years ago. This might return as an issue in the future.
The only slightly 'iffy' item is the index linked ground rent which MCS securitises and sells as reversionary leasehold interests.|
|This stock has been very weak recently and is priced to profit warn, so we'll see what it says tomorrow.|
|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.|
|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.|
|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’
|so far we certainly chose the wrong homebuilder to own that's for sure.|
|looking like a breakout about here, 220 is the next stop after that i think|
|Hopefully the Bovis offer and some speculation in the sector can push this one back through the 200 barrier|