image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

McCarthy & Stone

October 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MCS
  • Price:
  • 169p
McCarthy & Stone’s shares had flown past 200p before it issued a trading update that took the wind out of its sails. It said that in the year already ended on 31 August, the last couple of months were a bit soft so results will be a little light although the current year outlook is unchanged.During the year McCarthy acquired 65 sites,   equivalent to c.2,614 additional plots and the land bank stands at 10,206 plots or 4.4 years’ supply, leaving net cash of £52m at the year end. As it was, a combination of a 20% jump in legal completions to 2,299 units and an 8% climb in average selling prices to £259,000 meant overall sales grew by a third to £635m. Pretax profit went up 19% to c.£1 ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

McCarthy & Stone (November 2016)
McCarthy & Stone - 60% growth in eps forecast over two years (August 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW