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it looks like anchorage have been buying after results now at over 18%...could they take this out a second time ? IF they are really on track to get to 3000+ units sold a year by 2019 then this is excellent value given that growth outlook and a strong balance sheet, surely ?
up she goes
I agree, the bears are looking backwards, brexit housing market was softer at the higher end and they had to offer some more discount, so slowed openings on purpose. Things are now back to normal and they are building at a fast pace. The next year should see a big jump in sales, and much better margins as they are newer builds with more in south east.
If its read correctly they actually instigated the lower first half revenue themselves by not bringing on so many starts, this due to the uncertainty of Brexit.....the results were not bsd at all and inline with previous guidance....
i thought results were quite good ...H1 profit is just a function of lower sales releases, underlying profit was in line. The outlook though was very good, sounds like they are on track for a big ramp up of higher quality releases in H2 and also a large increase in sales releases in FY18 , so on track for 3000+ sales releases by FY19
I guess that explains recent steady fallback. 42% slump in half yearly profit. Never seen that coming. D.
Goldman are long the stock - they lend it to a hedge fund who can then sell it ie short it. They have to buy it back at some point and give it back to them - for the Hedge fund they want lower, Goldman don't care they charge a rate of interest.
I really will have to learn to use the laptop better. According to the short interest tracker website, only 1.28% of Mcs stock is being shorted. D.
You are not alone in failing to fully understand the holding RNS's in this stock. I've stopped reading them. I've been unable to find any evidence of significant shorting of MCS but maybe i'm looking on the wrong short tracking website. Concern is in the eye of the beholder. I personally think this is a steady ship but I don't hold anything long term anymore. D.
I struggle to interpret these RNSs but today's suggests to me that Goldman Sachs have 5 per cent of the companies shares out on loan, IE they are shorting IE they are expecting the shares to fall. Is this a correct interpretation or am I barking up the wrong tree? Should we be concerned? Any comments welcome please.
Stock has run from 160 to 190s, results were identical to comments at end Jan AGM, probably a few profit takers. Unlikely we'll get anything + from the budget today but you never know.
Strange that we had a drop in price when results should be exactly as forecast but coming back is good to see.
Small fall after positive results, so bullish move should continue in the next few weeks.
Liking the slow gentle off the radar steady rise here. Still time to buy more, let's see how quickly £2.00 gets breached.
Currently in Loughton Essex MCS have a completed development via Ortus homes with 11 apartments the last 2 bed of which is currently on market for £610k - the rest already sold (all 2 beds were around that price). They are also currently building a larger development down the road under MCS banner and have just announced prices to buy off plan for 1 beds at £420k and 2 beds apartments at £600k with launch event 8th March (currently finishing foundations). The plan is to have people in there by Autumn. The profit margins on these must be significant at those prices.
so far, I feel there is a lot of potential upside to this company.
If MCS can close well above 179p, then the range it has been in since Sept 2016 will be over and the shares will start to climb. #watching
yeah,more big chunky trades,arrived soon after that 20mill. and yep,holding rns due now.
Multiply that by two and add a bit Trojan. Looking forward to holding disclosure Rns. Who's building and whose moving on ?. D.
yeah,looks that was ozzy.
broker to broker ....boomerang ...boomerang
huge twenty mill there?
It looks like this stock remains stuck in its 160-175 range, homebuilders are up strong today but this pulls back once again. Patience required here until they can demonstrate growth is back on track perhaps.
Some big sells after the close and final auction was 149800 shares which sold at 172.5p. So all in all a good finish. Lets see what the rest of the week brings. D.
Looks like we'll test 175p again today guys. We've been there twice before in the last six weeks or so only to drop like a stone to low 160p's again. Hope everyone topped up last week when we hit 160p. Like a fool I did not, had an offer at 160.8p and never took it. Guess that's why we've on the up, never fails !!!!!!! D.