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Share Name Share Symbol Market Type Share ISIN Share Description
Mckay Securities Plc LSE:MCKS London Ordinary Share GB0005522007 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.00 5.13% 205.00 200.00 205.00 204.00 188.50 188.50 19,494 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 25.3 13.2 14.0 14.6 192

Mckay Securities Share Discussion Threads

Showing 1451 to 1473 of 1475 messages
Chat Pages: 59  58  57  56  55  54  53  52  51  50  49  48  Older
DateSubjectAuthorDiscuss
07/4/2020
11:52
MCKS C19 update today. Say 65% of rent has been paid but does include that which has been moved to monthly and they dont disclose that percentage, 11% is subject to agreed deferred payment plans. Perhaps more illuminating of issues ahead is the statement " 13% of rent due is in advanced discussions with two of our larger occupiers, and a further 7% is under discussion with others. The remaining 4% is due from eight occupiers who we've been unable to contact so far (umm!!!). 30 Lombard St sale further delayed to Q3 due to needing to satisfying outstanding highway matters. Not sure if this is a City of London or TfL issue but given sale is conditional upon it could be a risk the buyer could have an exit strategy if it drags on? No debt due to 2024 so are in a reasonable position and if Lombard St falls through it provides an income stream of 3.4m pa.
nickrl
26/3/2020
14:12
Of all the propcos MCKS was the last to wake up to what was going on elsewhere in the sector; then suddenly on 16/17 March it crashed 46%! With no retail and a portfolio of class assets across the South East, it now looks rather cheap, especially if their sale of the Lombard St. property in The City proceeds as planned; and there looks to be no reason for it not to do so. https://uk.advfn.com/stock-market/london/mckay-securities-MCKS/share-news/McKay-Securities-PLC-DISPOSAL-OF-30-LOMBARD-STREET/81408150 That sale will substantially reduce their LTV which is currently a little too high at 34%. The spread is usually too high; but still at 158.5p I reckon there could be a c15%-20% bounce to play for...
skyship
24/3/2020
15:41
Sky my take is the shorters were looking for anything that was lagging behind the general drop and just targeting them indiscriminately as it was one way bet as they weren't the only share that lagged behind initially. They have no retail but not sure that means the rents will still come in but ought to be better protected this quarter but they wont be immune to rent reductions as almost every business will need to cut costs to stay afloat. I had these on my radar for a while then they spiked up and i also felt exec pay was high along with generous options albeit there under water now so will now revaluate.
nickrl
24/3/2020
14:25
Well, sadly no sooner had the ink dried on nick's post than the dam wall well and truly broke here. 260p on the 15th, then down precipitously 46% to 140p on the 18th! Ship slightly steadied at 160p; but what caused the sudden sell-off. Has the Lombard St. sale fallen through?
skyship
15/3/2020
20:47
Sky these have held up remarkably well against virtually all its peer group over the last couple of weeks still only yielding 4.1%. Im surmising that this in part is perhaps due to the fact that LTV should drop considerably when the sale they've agreed on there prime asset 30 Lombard St is completed. Issue is that has some caveats and its yet to be completed and in the trading update this was expected in Q2/20. This is worth c10% off the current LTV of 34.6%.
nickrl
28/2/2020
14:52
A well manged and conservative outfit, but the share price remarkably resilient against the tide. Sure a 22% discount; but the 3.8% yield is parsimonious to say the least, so would expect these to sell off from current levels.
skyship
27/2/2020
07:34
Trading update - Looks all good! I may well have to eat my words about Coronavirus! Oooops!
eggbaconandbubble
28/1/2020
09:59
Any reasons for the drop.
petewy
27/1/2020
16:29
mine as well along with LIO
petewy
27/1/2020
15:50
Right now the only 'blue' on my entire portfolio!!!! By MCKS, you know it makes sense!
eggbaconandbubble
19/11/2019
22:04
Directors take a big chunk out this company as % of profits not in salaries though but in bonus and share performance schemes that give generous payouts for less than challenging targets. Maybe this keeps the company low risk but high OHs to NRI compared to others in this space.
nickrl
19/11/2019
19:42
Thanks Linhur I have held mcks for years also, but also PCTN - I rate them as reasonably similar although pctn more broad geographically. Both pay a similar/ decent dividend but I have seen substantive growth in PCTN and none in mcks over c 5 years (pctn 65 to 92p while mcks pretty much static. Nearly threw the towel in with mcks when it got to 270ish but hoped to see some closure of the huge discount to NAV. Currently PCTN is c 94p and Mcks 330 ish. so however impressed one might be it seems the cash is better elsewhere. Thoughts welcome!
janeann
19/11/2019
14:24
Janeann MCKS is a traditional property company within a niche geographical area of the Thames Valley with further excursions at various times into London and South East England. Having been a shareholder for more than 10 years, I have seen a changing of the guard of non executives in the boardroom and MCKS has a highly effective team with a good property knowledge and particularly in their neck of the woods. In 2014, at the beginning of the property cycle, the Company had a large cash raising by way of a open offer. This was used during the next 5 years to develop a number of sites which were let to occupiers (mainly offices and warehouse units)and the resulting investments sold at higher prices in the cycle. To answer your very succinct question of discount to NAV, I would suggest MCKS keep a low public profile, despite having over 40% of the shares owned by institutions and are content to keep their eyes on the ball and not be diverted from more glamorous opportunities in their sector. I am always impressed by Simon Perkins and his team. In the current difficult enviroment with the only large development being the Teale warehouse to be completed and let and possibly sold, the low debt position will be beneficial. When the property cycle turns upward, they may have a further cash raising to take them through that cycle. Linhur
linhur
18/11/2019
13:17
why does this trade at such a discount to NAV?
janeann
18/11/2019
09:34
Results in line with normal. Chief Executive of McKay, said: "Our consistent focus on our core office, industrial and logistics sectors across London and the South East, combined with successful development projects and the intensive in-house management of our portfolio, can be credited for the delivery of another positive set of results, with gains achieved across our key metrics.
petewy
30/10/2019
07:50
Decent purchase of office block in Newbury announced this morning.
1pvh
04/10/2019
11:46
Goldman seems to be accumulating stock. Or maybe I've misread.
jonwig
04/10/2019
08:53
nickrl - stock lending, yes, but there's no notifiable short position in MCKS, and you'd think at least one party would go over 0.5% short. Mind, like you I've no idea what their financial instrument is! Plus points: covered dividend (I think), 33% discount to nav, no retail exposure. Minus point: 33% LTV is a bit high maybe. I held this years ago (2013) but it looks interesting at this price.
jonwig
26/9/2019
14:05
Goldman Sachs have now converted there 7ish % to securities lending - seems odd but i dont pretend to understand this element unless theyve lent shares to someone wlse who wants to go long or short?
nickrl
24/9/2019
17:04
Goldman Sachs have shown there hand at 7.39. Thames River control 19.62% through direct and indirect holdings and haven't materially changed for a few months. All must be off market as share price just drifts along. Cant see any material change as the directors are big owners so quite happy with there lot.
nickrl
23/9/2019
20:57
Thames River has also reduced by a similar 7%. Rather strange unless I am misreading the announcements. Linhur
linhur
23/9/2019
14:30
RNS shareholding change shows ING Groep N.V offloading from 7.09% to 0% last week. Looks like it was off market transaction to another fund yet to reveal themselves.
nickrl
05/3/2019
07:07
RNS. 260p or 280p by results time?
eggbaconandbubble
Chat Pages: 59  58  57  56  55  54  53  52  51  50  49  48  Older
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