Mccarthy & Stone Share Discussion Threads

[nw99] 17/8/2016 07:28

Talk in the Times of a possible US Bid from a USA private equity bidder

[nw99] 16/8/2016 14:07

Buy the dips

[jacks13] 09/8/2016 13:19

As they are in a niche market comparators to the wider home construction sector are not readily available. The FT point about McCarthy’s customers needing to sell into the wider market is valid but if that were to be an issue the Company could perhaps use a bit of creative marketing like offering to take their customers’ properties off their hands, like the mainstream builders do (they may already do this as far as I know).

I notice their p/e for example is a little higher than the likes of Persimmon and Berkeley by approximately that figure so maybe that's what they mean by a premium.

In a recent IC article they made a number of key points in support of their buy tip:
· Strong BS, raised £336m on floatation
· Added 40 sites (1700 plots)
· Landbank c10,800 plots (5.6 years supply)
· Three years’ worth already with planning consent
· By 2033 c17.2m over-65s (c25% of population)
· Current over-65s own 4.7m mortgage free properties (c£874bn)

I’m quite happy to buy and hold these.

[kenmill1] 09/8/2016 11:32

Comment in the FT quoted them as saying that the slowdown in the housing market due to falling prices and fewer houses sold would make it more difficult for older people to sell and buy a MCS property - leaving the predicted profits 60% too high in their opinion.

[jacks13] 09/8/2016 11:22

Did they say on what metric they were at a 30% premium?

[1861andy] 09/8/2016 10:05

As Zho said they believed MCS could not justify a 30% premium to the sector. They believe the housing market will slow due to Brexit and will hit MCS.

Am not too worried by this MCS floated at 180 and well off highs of 295 but hopefully next update will be the key.

[zho] 09/8/2016 08:49

Alliance headline said "UBS initiated retirement housebuilder McCarthy & Stone at Sell, as it believes the shares are trading at an unjustified premium to the sector..."

[melody9999] 09/8/2016 08:39

1861 - what was the rationale behind the UBS sell?

[superdemon1971] 08/8/2016 14:29

Madness ideal time to buy this under rated stock. But while the bargain lasts.

[1861andy] 08/8/2016 13:37

UBS coming out with a sell rating and price target of 140 has not helped!

[aishah] 08/8/2016 10:33

MCS not extactly a small cap so I didin't expect price to move on their tip.

[kenmill1] 08/8/2016 10:16

Just to clarify, it was a main recommendation but wasn't put in their Growth Portfolio

[essential] 08/8/2016 09:47

This mornings dip provided a great entry point. Usually post scsw tips the price races away. Chart looks very strong

[nw99] 08/8/2016 09:37

Lovely bounce back already

[nw99] 08/8/2016 09:36

Yes Sharewatch model portfolio up 18% such a great model and top picks

[deadly] 08/8/2016 09:25

That recommendation was taken seriously!

I got 4000 at 169.4 but wish I had more now.

[kenmill1] 08/8/2016 09:23

Main recommendation in SCSW at the weekend, expecting 60% growth in the next 2 years and mentioning the expected trading update on 5th September

[nw99] 08/8/2016 09:13

Agree could not believe my luck buying so low

[deadly] 08/8/2016 09:13

Any seller at that price must be stupid.

[nw99] 08/8/2016 09:04

Bought in here presume GS early seller so I soaked them up

[deadly] 08/8/2016 09:03

so why the 5% fall this morning on a strong day elsewhere?

[essential] 08/8/2016 08:59

Needs to break the 50 ema and for the RSI to pass 50 - then it will be time to enter - price about 185p

[nw99] 08/8/2016 08:20

Sharewatch recommendation looks very good

[farmsted] 01/8/2016 17:54

Granny's staying put until there is more life in the housing market, share price a sell

[mfhmfh] 11/7/2016 18:30

Holdings in company: Goldman Sachs Group above 5%.

Here comes the bounce...