Updates

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.

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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NCC

Safestyle - Order book grew 20% in H1

McCarthy & Stone - Fell through stop-loss (February 2017)

McCarthy & Stone (October 2016)

McCarthy & Stone - 40 new sites added (June 2016)

McCarthy & Stone - Retirement house builder targets 50% increase in home sales by 2019 (January 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.

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