Medcaw Investments Share Discussion Threads

[cockneyrebel] 23/2/2006 13:41

Nice results.

Chairman ups his holding by v300% with a £250K buy of shares.

Numis upgrades to Buy from Hold.

Chart makes a breakout.

BB dead quiet - a good sign imo - no ramp in the price - yet :-)

CR

[scrapman] 19/8/2005 14:12

take it noe using ??

[scrapman] 18/8/2005 20:45

Can anyone add any up to date comments on this , a freind of mine has been contacted by MCI ,and is looking at it, I can only find older comments and would welcome any current input
thanks
S

[scrapman] 18/8/2005 20:34

Can anyone add any up to date comments on this , a freind of mine has been contacted by MCI ,and is looking at it, I can only find older comments and would welcome any current input
thanks
S

[toriel] 15/2/2005 10:58

What assumptions have you made about the debts? It looks as though you are assuming that they remain constant at 92m. This assumption would inflate your future values if the debts were ignored for a couple of years (or if the cost of borrowing rose from 6%), but would suggest that your valuation is too low if the debts were paid down, or if the assumption of further debt allowed an increase in cash flow.

My own feeling is that the company might chose to pay down debt until attractive opportunities for growth appear, and in view of the healthy cash flow the net debt in three years time could be a lot lower than the figure you've used. If, on the other hand, the company remains at its present level of gearing, or gears up to fund expansion in the UK (or Spain), the growth rate should rise, although the risk would too. However, MCI is a stable and conservatively run company, so any increase in risk is likely to be small.

[cordwainer] 07/2/2005 00:28

PS. I only hold these in a fantasy portfolio !

[cordwainer] 03/2/2005 23:48

My roughly calculated fair value for these shares is £8 using discounted cash flow estimates and using todays exchange rate for the euro (1.45 euros = £1).
However, Im not a professional so this is probably well flawed :-

Assumptions: Annual growth of cash based on average EPS growth forecasts = 21%. Cost of borrowing 6%

Yr03 Cash 26 million euros
Yr04 Cash 30
Yr05 Cash 34.4

Terminal value 34.4 / 0.06 = 573m
discount back 3 yrs giving present value 476m
subtract debts of 92m giving 384m
divide by approx 32.9million shares = 11.67 euros = £8 approx.

Please tell me how the above is nowhere near a DCF valuation so that i can see what an idiot i am and maybe that DCF valuations are useless anyway...

[toriel] 14/1/2005 10:05

No action on this board for a year, so I thought I'd drop in a comment (which, presumably, no one will be around to read....).

puku wonders why MCI is neglected. It is underrated, but there is the problem that it is also largely unknown in the UK (not quite the same thing as being neglected!)

Being based in Ireland is probably the biggest "problem". However, it is also a potential advantage, since it spreads risk across a second market, in contrast to, say, Ben Bailey, another modestly-sized house builder based in the north of England, which has a much smaller geographical spread.

Of course MCI's offshoot in Spain could work either way. That's an area of tremendous growth, but could be a drag if the Spanish market turns down.

I have what is (for me) a pretty large stake in MCI and am very happy to stay on board for the present. I am looking for quite a bit of growth still in the share price, even though it has been rising for a while, and there's always the possibility of a bid, just as with Bailey.

[the speculator] 19/11/2004 07:52

Dave, many thanks for this link.

[the speculator] 18/11/2004 22:06

to the top

[the speculator] 18/11/2004 22:06

to the top

[spec12] 18/11/2004 09:35

to the top

[the speculator] 18/11/2004 07:39

MCI Star Trader- trading software.....has anyone used it?

Anyone used it, good or bad ?

thanks in advace

[the speculator] 18/11/2004 07:30

Anyone out there ?

[the speculator] 17/11/2004 20:29

I would like to know also.

Thanks in advance

[kingjung] 13/10/2004 15:56

There was some discussion some time ago about the Star Trader software being promoted by MCI Technologies. They provide nightly internet updating with a small number of stocks for relatively short-term trading - up to 3/4 weeks.
Has anyone actually paid their fee and used the system for a long enough period to have an opinion as to whether it is worthwhile or not?

[dave37] 27/4/2004 22:18

what is worse, star trader, or watchdog?

:-)

[martini] 27/4/2004 19:20

MCI Star Trader getting the treatment on Watchdog.

[puku] 27/2/2004 12:53

great results, under rated against all other house builders, cant understand why its neglected !

[puku] 21/1/2004 21:41

now steady above 360p. excellent trading statement and much more to come from this one over next 2 years.

[forensic] 12/1/2004 10:52

Up another 4.7% already today - this share is flying

[puku] 08/1/2004 13:02

continuing uptrend, now breached 350p and looking good

[puku] 16/12/2003 12:42

now beginning to show steady uptrend. bought in at 290p a short while ago. liked the fact that it was an "unnoticed" stock in the housebuilders section, which looks set to continue its rise. strong in ireland, moved into north west england and continues to expand. its development in spain could be a winner but also adds a bit of a risk element.