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When I saw where the share price had dropped too, I had to nip in and buy some, I always buy to try and hold for at least three years, so this sounds perfect
Taken from the last Naked Trader blog: "Property shares have been hit. MCarthy and Stone (MCS) especially badly. I just had to buy some after the most enormous fall made them incredible value. I really don't think retirement homes will go out of fashion even in a brexit. Total bargain for the long term. They said in a statement Brexit brought in some problems but not enough to derail the general outlook." Make me think seriously of re-investing here. Hmm, will think on. Regards CM
There are very mixed opinions on stop losses. However it has to be an individual decision of course. It takes the emotion out of making a decision to sell when we are tempted to wait just a little longer to see that inevitable rise; which often there is...........after the share price has fallen still further. Taking a small loss and admitting we possibly made a mistake is far better than having to take a much larger loss and not admitting we made a mistake. Quite likely this will now recover now that I am out............wouldn't be the first time!. Good luck CM
Hello Checkmate. I think the jury is still out on the benefits of stop losses. They would have worked for me half of the time, and the other half they would have closed me out on a sustained rise after a smallish drop. With Mcs the hint of a dividend may have actually had a short term negative effect. If you're going to offer a dividend, you'd like the yeild to be attractive. At 270 odd, it might not have looked that attractive but back down at 2.00 it could look very generous. Just a thought, I could be wrong. I am 50% of the time. I just need to be right 51% of the time!
The way the market has gone/was going earlier today, I decided to set a stop loss rather than constantly watch how things were going on my mobile when I should have been concentrating on my work - not good. Although I set it at a reasonable amount lower than the current price at the time it did execute at 241p. Of course it did mean taking a loss. However much I hate taking a loss, I believe it is better to take a small loss before it gets to become a big loss. I have seen too many investors sit tight and see their investment dwindle away, stating that they can't afford to take a £*000 loss. I wonder what they feel when that loss gets larger and larger?. Live to fight another day. I don't believe there is much if anything wrong with MCS, it is very largely the market generally. No one knows if and when the market will turn positive but the signs are not there at present. Considering my investments elsewhere too. DOW is up 62 points right now, so maybe, just maybe tomorrow will be a better day. We all have to stand by our decisions, however different that may be to anyone elses. Gla CM
Not a huge no. of shares traded today, an average of 1100 shares per trade, yet absolutely hammered!. I only bought in here on Thrusday on a buy order limit , bad timing. Totally illogical fall today. Raises the question, is this a buying opportunity?. If I sell out now taking a quick loss, it can be pretty assured the share price will climb back up. Raises another question, how far is this likely to fall?. I may only have 600 shares here, but that is enough when this happens and is the very reason why I didn't invest more in the first place. Normally I would only invest around £1000 initially, preferring to average up if things go right. Good luck all. Hope you have had a better day than me. CM
Thanks for the welcome Bazz. And sorry about the share price fall today. That was my fault and all my doing by buying in yesterday!, I am to blame!. Early days for me here and not a large holding. CM
Welcome, yes this one is a long-term hold for me & continued buying on the dips. BOL
Well, well, well............looks who is here!. Hello Bazza and Andy!, Chequemate calling!. I set a buy order on MCS this morning before going out to enjoy walking the dog. Didn't realise it had been executed since I hadn't noticed it had fallen back to the buy order ask price. I noticed Robbie Burns has a holding and looked into it more last night, reading latest RNS and was encouraged by the share price graph trend. That doesn't guarantee anything of course, but it is healthy (at present). There is mention of a dividend in the latest trading update, so that would tend to indicate positivity. We'll see what happens. Regards CM
on track and steady growth - good landbank and demand will be there for years to come - so long as their developments dont turn into care homes as residents age lol
What price, if they don't hit targets.? 230 hopefully. Then I'm in.
Trading update on Monday 1st Feb, hoping for a good one on the back of general house-builders - all those baby-boomers wanting to retire and downsize!
- General market is down after Dow dropping 2% all house builders taking a hit - Deutsche Bank issued hold rating and SP target of 256 - Profit taking after strong raise
Anyone know why we are down 5% today?
keeps on giving, looking good. GLA
10% in a month since entry to FTSE 250. GLA
Have a modest holding in this with H&L,and was thinking of pulling the plug because it was down12.25% But when I went on stock exchange website to look again at them I discovered the price shown on my isa page was complete tosh,220 in stead of 228 to sell and has been for weeks.Checked all my other holdings and several are complete tosh.i am pretty new to this but have learned a scary lesson,H&L may show an accurate price or any old number!
Into FTSE 250 should help this tick-up nicely in coming weeks.
Just bought into this stock it has interesting and well liked figures. Also this company are building a retirement complex near me even though the prices are high the recent open evening seminar was packed with potential customers. One for the med to long hold for me. Can't believe the ratio of buys to sells and price drops.
Not forgetting the market demand from the baby-boomers generation as they try to downsize. Long term hold it is.
Good Idea. Features in Naked Trader as a long term hold. Has excellent blue chip institutional shareholders as well.
Added to my ISA portfolio, long-term hold. GLA.
A big BUY as rumours circulate on the *other* forum. Might be some movement later this week, fingers crossed.
excellent day, good to see no late sells. to be honest there is no reason for anyone to sell here!
Well 33% increase for the day but all small allotments. I have 100,000 in these so I am hoping they go up too ;0