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Come on everyone, the SP is going up, lets have some views!
on the hope of reinstating the dividend like bellway
Any ideas about the rise in SP this morning or is it the lads with red braces playing games? Have seen these leaps (and fall backs) frequently recently
Good PR too, image of a caring company supported by the Government rather than being suspected of being a nasty greedy corporation intent on lining shareholders pockets at the expense of the elderly. Being cynical there is always the danger of McCarthy being seen by relatives of the elderly as out to syphon off their hard earned inheritance!
Great deal announced with guaranteed earnings for next year. Not surprised the market liked it today. Undervalued with a lot more upside.
We bought in a few weeks ago around this price and will be doubling our stake
Very interesting development - someone else is smelling a bargain here. Bridgemere has taken a 3% stake (see RNS from last night). Bridgemere is the offshore investment vehicle of Steve Morgan, ex-Mr Redrow, etc, etc. A passive investment in a massively undervalued company or the start of a strategic stake-build and takeover or shake up? Or is Steve now so old that he needs a retirement apartment? I suspect he has a plan. Fill your boots time here methinks and let's see what flows...
This share price is getting silly now , down to 70p! A half price Company with stamp duty cancelled for time being , do not understand it. The market should be getting stimulated surely.
This share must be about to move up again . With stamp duty not being levied on buys and sells , an ideal time for older people to think about moving into easier managed premises as they get older. I have just invested again today albeit a small quantity as times are very unpredictable .
Courtier - I would not feel regretful about buying in at 80p, unless you were after a very fast profit.
The demand for the MacCarthy & Stone product is only going to grow over the next 12 months + and the business is well placed to take advantage of this. I would not check the daily price too often but if you can sit on this until next year there's a lot to suggest the price will be well above 80p by then in my opinion
I do have regrets here, having bought at 80p. This rise today alleviates them somewhat. I would be interested to hear the opinions of others as to why they hold. The fact that I spent several happy years in an Mccarthy home in Maldon may have influenced me too much?
Over 7% up today is good for me. I bought on June 8th at under 78p per share. I hoped that I was buying at the bottom of a curve, but it has not worked out. I am 12% down in a few days. I remain hopeful and do think MCS is well worth its current price.
Steadily rising even though the markets are in the negative.
This share still looks too cheap , nett asset value is near double share price . With Coronavirus , a lot of older people ; those of us still alive ; may be thinking of selling up their houses to move nearer family ,and reduce their outgoings , and MCS developments are well built and well maintained. Must be an upturn soon. £1.20 looks an achievable target .
Mccarthys sp looking good
This is heading in the right direction
I was drawn here by the reliable dividend, but also because they built my house in Maldon, where I enjoyed bringing up my family. Never had any problems with it.
Good fundamentals here, lower mcap than net. 100p by late June.
That's good to know thanks for that.
But then he bought most of those back at 71p 1st June in his wife’s name. Bit of accountancy organisation.
Looks like a good company overall to invest in but put off by the large director sell on 27 May of 88,170.00 with a value £61,101.81. Not a good sign when directors sell.
Sales opening from June 8th followed by re-commencement of building activities.
Nice message which chimes with my reason for investing here, care homes are not where most would prefer to send loved ones = assisted living safer = rise in sale long term.
Anybody know why this company has a low return on capital employed (~10%) compared to other builders?
Is it because of the capital tied up in the purchase of peoples homes?
Cheers
Thinking of a small buy in here. Doesn’t seem to have lifted as much as other builders.
A tumbleweed???