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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 119.80 | 119.80 | 120.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
25/2/2017 09:44 | I agree, the huge shortage of retirement housing in the UK, the massive amount of home equity now held by the elderly, and the fact that MCS builds 70% of it, makes for an interesting backdrop for a stock that is on 9x with a strong balance sheet. | aim11 | |
25/2/2017 09:14 | Personally I am only mildly interested in charts/technical analysis. For me it's the market backdrop, which I believe already offers significant opportunity. However, in my view, it may well get even better! There are several reasons to expect this; From the FY Results - "We have been encouraged by a recent indication from the Government that they are beginning to look beyond the first time buyer when considering their policy options, with housing for older people identified as the only "critical" housing need in the Government's 2015 National Planning Practice Guidance. Retirement housing improves well-being, releases under-occupied and much-needed family-sized homes and is highly sustainable. The provision of apartments specifically designed to meet the needs of the retirement market is an essential part of the UK housing output and the housing needs of this age group should now become a priority for Government. We believe that there are a number of policy options available to the Government to encourage and assist those wishing to move to more suitable retirement housing. On 21 October, we wrote to the Chancellor of the Exchequer to request that he considers a reduction in Stamp Duty for homeowners looking to downsize. We firmly believe this would be a highly effective incentive that would help people to move, provide a much-needed stimulus to the wider housing market by freeing up large family-sized homes for those lower down the housing chain, and could result in a net revenue increase for the Treasury of some GBP740m per year through increased Stamp Duty receipts from the additional housing chains created as a result." (END) So whilst some were perhaps expecting that to be full fleshed out in the housing white paper, I think there could be more to come. The Housing Whitepaper indicates that indeed more will be done. Excerpt - Housing for our future population 4.42 Offering older people a better choice of accommodation can help them to live independently for longer and help reduce costs to the social care and health systems. We have already put in place a framework linking planning policy and building regulations to improve delivery of accessible housing. To ensure that there is more consistent delivery of accessible housing, the Government is introducing a new statutory duty through the Neighbourhood Planning Bill on the Secretary of State to produce guidance for local planning authorities on how their local development documents should meet the housing needs of older and disabled people. Guidance produced under this duty will place clearer expectations about planning to meet the needs of older people, including supporting the development of such homes near local services82. It will also set a clear expectation that all planning authorities should set policies using the Optional Building Regulations to bring forward an adequate supply of accessible housing to meet local need. In addition, we will explore ways to stimulate the market to deliver new homes for older people. 4.43 Helping older people to move at the right time and in the right way could also help their quality of life at the same time as freeing up more homes for other buyers. However there are many barriers to people moving out of family homes that they may have lived in for decades. There are costs, such as fees, and the moving process can be difficult. And they may have a strong emotional attachment to their home which means that where they are moving to needs to be very attractive to them and suitable for their needs over a twenty to thirty year period. There is also often a desire to be close to friends and family, so the issues are not straightforward. 4.44 The Government is committed to exploring these issues further and finding sustainable solutions to any problems that come to light. To do this we will draw on the expertise of a wide range of stakeholders including housebuilders (both specialist and mainstream); mortgage lenders; clinical commissioning groups; housing associations and local authorities; and most importantly older people and the groups that represent them. We want to build on the evidence that already exists to help deliver outcomes that are best for older people.83 This conversation will generate a range of ideas for incentives and other innovations for the Government to consider: improved information and advice for older people about housing choices, including advice on adaptations; supporting custom build for older people; looking at how community living could work; as well as innovative models of housing with support available. These will sit alongside the Government commitments to fund and develop supported housing, including sheltered, step down and extra care housing, ensuring that the new supported housing funding model continues to provide the means for older people to live independently for longer while relieving pressure on the adult social care system. Fixing our broken housing market July 2016, the evidence that already exists - Future of an Ageing Population In Short, there are very good reasons to stimulate the market for retirement housing! | wan | |
25/2/2017 08:19 | what are you guys looking for on the technicals in terms of short term targets? | aim11 | |
24/2/2017 20:25 | Cheers BD, I'm in while Monday | pillion | |
24/2/2017 17:06 | In fairness IMO today's rise is in response to the recent positive technicals on the chart which we have been talking about recently. Statement of the obvious the next bit I know but the technicals have just picked up the positive buying pressure on this stock currently. | bigdazzler | |
24/2/2017 16:39 | Why the huge 2.2% jump in share price today ? Not holding, but tempted; chart looks good | pillion | |
24/2/2017 12:32 | 190p then through 200p soon, catch up time. | its the oxman | |
23/2/2017 11:02 | With a highly attractive backdrop, McCarthy & Stone is indeed well placed to capitalise on the demographic opportunity, which will see the 60-65 age group in the UK expand significantly, thus I have recently been adding MCS to my long-term portfolio. | wan | |
23/2/2017 10:08 | i don't think they are as good at delivery as a psn or tw/ but the growth potential is greater medium to long term if UK housing market structure improves imho. The lack of anything interesting from the white paper was disappointing but doesn't mean it won't happen at some point. | aim11 | |
23/2/2017 09:56 | Yep its all about land bank and delivery, although I believe MCS are quite unique in the housing market place. There's been some talk about perks for 'last time' buyers recently, if this ever happened it would help mcs immensely. Good to know others agree with my view. So far so good it continues to motor today! | jopper74 | |
23/2/2017 09:48 | 250-300 range i'd have thought is fair to start with, judging by where the other homebuilders have gone back to. The others are supported of course by the continued government help to buy money print, which doesn't really help MCS as much. The structural undersupply of homes for the elderly certainly makes 3000 a year seem very necessary, whether MCS can execute on it though is the big question! | aim11 | |
23/2/2017 09:37 | aim11 I agree and am looking for a solid March report with solid projections up to the 2020 plan. Bearing in mind your thoughts on the 9x price where do you see the price going.......bearing in mind before the mini drop last year all the talk was of a valuation close on the 280-300 mark? | jopper74 | |
23/2/2017 09:18 | I agree jopper74, if the update in March is solid and the 2020 plan for 3000 openings a year remains on track, this will be well over 200 again easily...consensus forecasts have EPS growth back to 25% a year after this year of slower openings, which for a stock on 9x with a decent balance sheet is far too low. | aim11 | |
23/2/2017 09:00 | Some good steady gains this month so far. Lets hope it can break the 200 figure soon and continue it's rise back to the 250 range which is where this should be. | jopper74 | |
22/2/2017 08:10 | good numbers from bdev today | aim11 | |
21/2/2017 16:55 | Bovis warned in December, on production issues, and missed profit this week because of compensation paid for poorly constructed homes. I don't think this relates to MCS in any way. Question with MCS is can the reiterate 3000+ target at results in March, and make it look realistic. | aim11 | |
21/2/2017 15:48 | Sold after Bovis warning | tjbird | |
15/2/2017 19:13 | gs + anchorage capital increasing | aim11 | |
15/2/2017 18:45 | Is my reading right - that's 2 RNSs today re Goldman increasing? If so interesting | davr0s | |
15/2/2017 17:42 | Could be in play with goldmans upping stake | finkie | |
15/2/2017 12:06 | Goldman sacs now above 8% | spoole5 | |
13/2/2017 16:01 | Agree this is due a recovery push higher. Been left behind by the other building related plays. If anything it's niche deserves a premium so plenty to go for if your willing to be patient. Fingers crossed anyway. | its the oxman | |
13/2/2017 10:22 | At long last mcs starting to show positive price action. Could we see a push towards £2.00? | bigdazzler | |
13/2/2017 09:49 | The large buyer late last week was the PE firm that sold on the ipo, it added 4 per cent to move to 18 per cent stake. | aim11 | |
13/2/2017 09:41 | Don't know about any bid - I think this is just a seller clearing/weakening giving the breakout | davr0s |
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