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Because he always under delivered i would say.... Probably pushed
Has left the building . Why?
I took some a bit higher hh... Been in here before... Troubke with this comoany is they never ever over achieve... Always under!
The share price is just too low , I suspect there will be a takeover bid coming very soon . The properties I have looked at are a very high standard .
Bailed out , looking to re-enter at 110p gla.
Picked up a shed load this morning at 126-127p thought this was going to happen today . Will sell out above 140p. Gla Have a look at SAT looks set to explode to me .
Looking to re-enter around 125P max , cant see the groundrent issue getting very far . On a small block of flats you may get the leaseholders to agree on something , however the bigger buildings built here, you need someone managing the freehold and they need to be paid for doing it . The freehold issue on private dwelling houses is a separate issue and there is no need for these to be on a sold leasehold contract , this area of property tenure needs to be addressed. Gla
I can only assume a major holder is dumping a load of stock? I guess we'll see after close or with an RNS.
Topped up again at 134.27p to lower average to 154p. Bought into the aging population argument.
Just topped up at 142p. Average of 161p. Fingers crossed for the ground rent issue being resolved and MCS delivering some good results!
Approximately 850K of purchases suddenly pop up after 4pm? After a day of SP falling, one can't help suspect some dark arts! Of course I am probably being paranoid, but there again I am disillusioned by years of dealing in AIM shares. It seems that nowadays nearly all companies shares behave as though they were AIM. Strop over.
For those who are lacking in McCarthy & Stone knowledge, here is how you should interpret their annual results: - 1). 2017�s results were alright with sales rising by 4% thanks to home price rising by 3%. PBT was down by 1%, as profitability fell to 16% from 20%. 2). Cash balance fell to �40.7m from �119m is mainly from paying a �28.5m dividend and repaying loans of �45m. There is no new issue of equity. 3). Although net cash profit was a negative �3.8m, this was due to a smaller increase in cash inflow from payables. And management has said H2 2017 saw a recovery in sales volume from H1 2017. Their forecast outlook makes for some interesting reading. Apparently, McCarthy & Stone acquired 3,164 plots and estimate the cost of build totals �472m, this equates to �149k per unit, down from last year �179k per unit. That would increase the homebuilder margins! And management seems to confirm this with the aim of achieving ROCE of 25% over the medium-term. So, with a 25% ROCE in say the next two to three years, then we have to assume the following: Currently, Capital Employed is around �755.5m, assuming it rises to �790m-�830m. Then, a 25% operating margin is applied giving operating profit of between �197.5m and �207.5m. Next, we deduct 20% and 2% net interest costs, then net profit range from �161.9m and �170m. Therefore, we are looking at a 2 to 3-year forward PE of between 4.98 times and 5.22 times by 2020. For full analysis of McCarthy & Stone with share price forecast, brief comparison with other homebuilders and the issue of land bank, click here http://bit.ly/2AGpyJg Remember to always do your research.
Jambon we will hopefully have some good news in the November budget with a reduction or even a removal of stamp duty for pensioners looking to downsize.
Even when results look good they always ruin them by mentioning brexit,referendum,general election etc!!! Hoping for good results tmrw though!!!
...and the share price is falling. Down 3% today. I'm guessing some people know things and the results might not be that great? I've held MCS for quite a while so hoping for a rebound. Good luck all.
tw and bdev getting slammed also its the whole sector
agree this is undervalued ,but when you look whats happened over last few weeks interserve ,pfg,cari,big companies loosing 50% of value in days anything can happen i bought in yesterday great timeing so looking at small loss.The six million dollar question when will fall stop or where is floor whats the divi at this price hope its well covered ? ATB
Totally agree. This is very undervalued,could be a quick 10-15% for traders looking for short term trading.
Couldn't agree more. Continues to be walked down on very low volume and predominantly small automated trades. MMS are probably taking out as many stop losses as possible and likely there is a buyer or buyers, who have low limit orders. Never thought l would be able to buy sub 150 but nothing surprises anymore, knowing how an sp can be worked by those who can and know how to. Consider this as a good buying opportunity.
This is starting to have takeover candidate written all over it - share price deliberately suppressed so those in the know can fill their boots and then to create the appearance of a premium t/o offer when in fact it will be at a major undervalue and a bargain! All the big housebuilders are cash rich and itching to spend their cash on something other than dividends. Let's see if I'm right but if this drops any further then it will be well worth an investment - a t/o will probably be at a 40% premium to today's SP.
This company will still me me mentioning brext/eu referendum/general election in 5 years time....
https://www.aol.co.uk/money/2017/07/18/2-stunning-growth-stocks-for-shrewd-investors/
All the people thinking about retirering to sunnier climes may be rethinking a move due to Brexit. Perhaps another option would be to stay in U.K & downsize to a 'serviced' retierment appartment ........more MCS customers perhaps.
Every RNS they issue there is always something to send the SP lower and this is no exception - low outlet growth and sales back ended. Not great news when this company should be flying if the demographics are so favourable.
Could someone explain why, after there were 20 times more shares bought than sold, the SP drops 2.7%?