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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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McCarthy & Stone - Fell through stop-loss

February 2017

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:
  • 166p
A mixed performance from retirement homebuilder McCarthy & Stone. While results in the year ended August unveiled a record 19% jump in pretax profit on the back of a 31% increase in revenue to £636m thanks largely to 20% jump in completions to 2,299, this was overshadowed by a slow-down in Q4 blamed on Brexit. While it still expects to deliver 3,000 units in the medium term, Peel Hunt has reduced its pretax profit forecasts from £130m to £120m for FY’17 and from £170m to £156m in ’18, with new eps of 18.1p and 23.6p.While inexpensive on a prospective PE of 9.2 and then 7.0, the shares dropped through our 158p stop-loss and are deemed sold. We are dropping coverage. ...

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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.

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