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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
  3.00 1.49% 205.00 202.00 208.00 - 15,909 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 29.3 9.5 8.6 23.9 192

Mckay Securities Share Discussion Threads

Showing 1376 to 1400 of 1500 messages
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
DateSubjectAuthorDiscuss
10/2/2015
14:08
well someone is keen - 2 trades totalling 1,477700 shares just gone through;
janeann
19/9/2014
09:01
Remember, though, that TMF's recommendation - and particularly their sell point - was made three years before the recent rights issue. That has transformed the company's prospects and its investment profile, effectively making TMF's recommendation irrelevant to any current investment/sell decision. Maybe TMF will revisit the proposition. IMHO the market is waking up to the new potential for this well managed REIT.
grahamburn
19/9/2014
08:42
TMF tipped this in their "Shares 2011" PDF brochure - concluding with: "Simultaneously, I expect NAV to increase gradually and the dividend to do the same. I’ll probably sell when the yield no longer makes McKay a lucrative investment. Based on the historic dividend and prevailing interest rates I would say this will be around the £2.20 mark should it happen over the next couple of years. But this is educated guesswork based on current interest rates and yields." So it did what they said it would in three years. The price when tipped was 126p - so not a bad return at all for a safety first one. Including divis, this is 100%.
boystown
19/9/2014
08:33
Breaking out
billdobbin
28/5/2014
09:02
Acquisition of Greyfriars Rd, Reading - http://uk.advfn.com/news/UKREG/2014/article/62353802 HTTP://www.campbellgordon.co.uk/R175/9-27-Greyfriars-Road.aspx
speedsgh
06/3/2014
19:08
Looks like J O HAMBRO CAPITAL MANAGEMENT LIMITED have bought 450,000 at 208p, lifting their stake to 5.2%.
coolen
26/2/2014
17:48
Of course I meant skills not kills above. However Mr Market seems not to share my carping.
housemartin2
25/2/2014
07:42
Woops ! Double post
housemartin2
25/2/2014
07:42
Another letting in that dynamic market place, the South East - oh, we did give a rent free 24 months to secure it. Perhaps Crawley is an exception (another)Cannot imagine what property companies in slower moving areas of the UK are doing. I could not help being amused by the client,Buyco, being described as having Marketing leading negotiating power in the Convenience Sector - clearly those kills are not just for shops !
housemartin2
15/2/2014
19:14
So what is the dividend going to be now that they have doubled the number of shares in issue with - as I read it - a much smaller and delayed increase in income?
sleepy
15/2/2014
18:56
No - The Group's policy is to pay a prudent and progressive dividend, and as a REIT the Company is required to distribute at least 90 per cent. of tax-exempt income profits as a property income distribution (a "PID").
rik shaw
15/2/2014
17:52
Alan - thank you. Will be interesting to see if the share price holds Friday's level. Very poor that, small shareholders have no indications of the level of future dividends. Did placees commit £80 million without any information on that?
sleepy
15/2/2014
14:24
The issue at 189p was effectively underwritten. The McKay family agreed not to take up their entitlement of 14.1m, which were firmly placed. Only 6.4m out of the 31.6m available were taken up. The price reacted bizarrely IMO by jumping 11p to 204.75. Those who did not take up the offer must be kicking themselves – I sold my holding at 193 to 197 at the end of December. Well done to those who continued to hold and especially if you took up the share offer.
alanji
15/2/2014
12:06
Thanks guys. Yes confusing but looks like it was over subscribed in the end?
sleepy
15/2/2014
12:03
Yes, seems to have gone down well. I didn't take any shares in the open offer as I had added at a lower price. I think the fundraising made sense though and gives them much more firepower to generate better returns.
topvest
15/2/2014
10:38
I think they got all they wanted: Open Offer, 6,404,245 Placing 25,343,688 Firm Placing 14,131,241 Total 45,879,174 Is is very confusing, since it comprised 3 part with clawback, but it went well in the end as far as I can see. Market likes it anyway :-))
stevie blunder
15/2/2014
10:35
The shares on offer had been taken up by institutional investors with a clawback for ordinary shareholders taking up the offer. I think the founding families did not take up the offer - probably to diversify their interest.
linhur
15/2/2014
10:14
What has been going on here? How are they placed now that they haven't got as much cash as they were looking for? Did they do an investor presentation for the share issue? If so why isn't it on the investors presentation section of their website?
sleepy
06/2/2014
19:26
I've bailed out for the time being. Nothing wrong with MCKS but I have other fish to fry. Good luck all.
lord gnome
06/2/2014
15:14
Adopting a rational approach, I think I would rather stick with MCKS a share which has done very well for me over the last few years. The rise in recent months is underpinned by both the improving commercial property market in the SE and by the reduction in the interest rate swap liability. The share price is still some 10p below NAV and 45p below EPRA NAV. Contrast with PCTN (a company comparable to MCKS in which I also had a holding until I thought it overvalued) where the share price is north of NAV/EPRA NAV. In the short to medium term, EPS is likely be hit by the delay before investing in property redevelopment translates into rents. MCKS has a good record in not overpaying for development opportunities. Getting the share offer away to institutional investors for a negligible discount seems a bit of a result to me and worth the £4m+ costs.
jimbo3352
02/2/2014
10:49
Shareholders have had a great run; but all good things come to an end. Seems to be little reason to BUY at this level and after the equity issue, where are the new buyers going to come from in any event? If it is at best just going to trade sideways - then why HOLD. A TOP formation seems to have been developed, so a sell-off to 180p and then 160p may be on the cards... free stock charts from uk.advfn.com
skyship
31/1/2014
19:39
How do we reconcile a "progressive" dividend policy to a decline in rental income per share ?
coolen
31/1/2014
07:30
The word "dividend" appears 151 times in the prospectus, but they don't make any explicit promises. eg: "The Board further anticipates that it will enable the Group to benefit from economies of scale, enhance the Group's earnings and support its progressive dividend policy." Obviously the rental income per share will decline, but so should the net interest. Hopefully it has been calibrated such that the dividend can be maintained.
stevie blunder
31/1/2014
02:26
What do they say about future dividends?
sleepy
30/1/2014
19:57
The increase in equity ought to mean improved re-financing terms. In turn, that might result in better P&L dividend cover, yes/no ?
coolen
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
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