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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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McCarthy & Stone

December 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:
  • 171p
Retirement house builder McCarthy & Stone noted that since its last update on 2 September, which had seen sales slowing post the EU Referendum, trading and other lead indicators are now ahead of the previous year. Over the first five weeks of the new financial year reservations have been stronger and cancellation rates have returned to more normal levels, while new enquiries have increased. Consequently its forward order book, including legal completions since 1st September, is now similar to last year at c. £173m (2015: £177m).Broker Canaccord notes that McCarthy sits on a 2017 price / NAV of just c 1.2 times versus a sector average of 1.55 times and sees attractive medium term value. Its eps forecast for 16.2p in ...

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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

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