What kind of rescue could trigger a stock market bounce back? McCarthy & Stone said it considers the terms of the acquisition to be 'fair and reasonable' and directors are unanimously recommending shareholders to vote in favour of the takeover bid. You get PE by dividing the share price by the earnings per share (EPS). Mccarthy & Stone Share Chat (MCS) Follow MCS. We are delighted that you are enjoying the location, that you took benefit of our "try before you buy" scheme, that you feel your apartment is well designed and you are enjoying our Buddy and Morrison schemes and the community life aspect of living with McCarthy Stone. US private equity firm Lone Star has made an offer of £1.15 per share Newsletter subscribers will also receive occasional marketing emails from advertisers promoting McCarthy & Stone, which buys land and then builds, sells and manages retirement homes, has been hit by the pandemic as the property market basically came to a halt during lockdown. If the takeover goes ahead, McCarty will delist from the London Stock Exchange and be registered as a private company. “We look forward to partnering with McCarthy & Stone’s management and employees to further support the company’s ongoing transformation.”. Share Name Share Symbol Market Type Share ISIN Share Description; Mccarthy & Stone Plc: LSE:MCS: London: Ordinary Share: GB00BYNVD082: ORD 8P Price Change % Change Share Price Bid Price Offer Price High Price Schroders British Opportunities Trust can help UK firms to grow and produce strong returns for investors, MIDAS SHARE TIPS UPDATE: Paving firm Marshalls builds for future of our outdoor spaces, MIDAS SHARE TIPS: Should you buy an insurer in the middle of a global catastrophe? We do not allow any commercial relationship to affect our editorial independence. During this period it delivered 2,300 completions. McCarthy & Stone plc (MCS.L) declared a dividend on Tuesday, January 28th. Buy your McCarthy-and-Stone shares. McCarthy & Stone has agreed to be bought by US private equity group Lone Star in a deal that values the retirement housebuilder at £630m. We do not write articles to promote products. The family that founded McCarthy & Stone, the heavily indebted retirement homes builder poised to go into administration, is preparing a third tilt to buy back the company. The ex-dividend date is Thursday, March 5th. To share a story email They might be giants: Do US smaller companies still offer rich pickings? But it, and all the retirement providers with an appetite for ground rents, should be given every encouragement to improve. Prior to the pandemic, McCarthy & Stone reported 14-month revenue in 2019 at £725m, with profit down a quarter to £43m. How to invest through a crisis like coronavirus and protect your money? Will the UK election result boost or sink the stock market? The move by Lone Star marks the latest attempt by a private equity firm to take advantage of the crisis to acquire companies at a discount. McCarthy and Stone should not be given an exemption from the end of ground rents: they need to end, as do a raft of other imbalances in leasehold. It's that simple. With Part Buy Part Rent, you simply buy a 70% share in a completely new McCarthy & Stone … ... in particular Help to Buy, ... McCarthy & Stone's shares rose more than 2.7% in early trading. We are no longer accepting comments on this article. Here at Construction Enquirer we take your privacy seriously and will only use construction related products. There is debate among investors as to whether this should be used. All the latest news about McCarthy & Stone from the BBC. Paul Lester, chairman of McCarthy & Stone, said: 'The McCarthy & Stone directors believe that the offer from Lone Star represents fair value for shareholders and unanimously intends to recommend the offer. Sell. your information to administer your account and provide requested services. This is Money is part of the Daily Mail, Mail on Sunday & Metro media group, Get a discount code to save on your internet security, Discover a range of promo codes on kitchen appliances, Get great deals on existing and new plans, Upgrade your phones with these mobile deals, Click through to score Dell's discount code, Stock markets and pound set for fortnight of turmoil as Brexit deadlock and fresh wave of coronavirus threaten economy, Debt 'out of control' at firm: Xavier Rolet says it could kill economy - and warns loans may have to be cancelled, Well-wishers tempted to reuse unfranked stamps steamed from envelopes warned they may land recipients with large bill, 'Pure nectar! Prior to the pandemic, McCarthy & Stone reported 14-month revenue in 2019 at £725m, with profit down a quarter to £43m. Before the pandemic the retirement homes builder’s shares were trading around the 156p mark. It's a risky business, but Hiscox offers reward in a crisis, GUINNESS GLOBAL INNOVATORS: With a 139% return over five years, the fund looks to the future to back winning companies, RATHBONE UK OPPORTUNITIES FUND: A small fund with big hopes for UK equities, L&G ECOMMERCE LOGISTICS FUND: Fund soars as we buy and sell more online, MANCHESTER AND LONDON INVESTMENT TRUST: Tech vehicle culls losers to build up its winners, ALLIANCE TRUST: Global investment firm set to hit its dividend target for the 54th year in a row, EDINBURGH INVESTMENT TRUST: Early days for new team, but they are stamping their mark and steadying performance, AXA FRAMLINGTON GLOBAL TECHNOLOGY: Fund 'can still grow' despite 250% returns, MURRAY INCOME TRUST: Set to double in size if it absorbs assets of rival Perpetual Income and Growth, MOBIUS INVESTMENT TRUST: The emerging market fund launched by one of investing's most famous names is up 47% in six months, GCP INFRASTRUCTURE INVESTMENTS: The green fund with renewable flow of returns, RATHBONE GLOBAL OPPORTUNITIES: The manager hunting for the world's best companies that have a 'secret sauce', JUPITER US SMALLER COMPANIES: Trust manager Robert Siddles is the value investor who seeks out born winners, M&S WILL bounce back from Covid, says boss. Takover offer: Retirement homes builder McCarthy & Stone could become a private company. Shares in McCarthy & Stone were down 0.2% at 119.60p in London on Tuesday morning. Today, the board of directors of Bidco and McCarthy & Stone announced they had reached agreement on the terms of a recommended increased final cash offer by Bidco for the entire issued and to be issued share capital of McCarthy & Stone (the Acquisition). 'The all-cash offer represents a compelling and attractive opportunity for shareholders to realise and crystallise their investment in McCarthy & Stone in the near term and also provides a meaningful premium to the prevailing share price, notwithstanding the backdrop of the wider risks posed by the political and macroeconomic environment.'. Back Neal Gandhi's tech revolution with The Panoply, MIDAS SHARE TIPS UPDATE: Annoying emails drive a profit surge at Dotdigital with customers including the NHS, MIDAS SHARE TIPS: It can pay to be a patriot! your data with other companies and promise to keep your details safe and secure. We are unable to send you free daily news without your consent to receive occasional marketing emails. McCarthy & Stone was rocked by the Covid-19 outbreak suffering a £91m pre-tax loss in the first half of the year with revenue plunging to just £101m. Last updated 2020/12/14 02:02 Please check the box. LONDON (Alliance News) - McCarthy & Stone PLC said on Wednesday that its Chairman John White and Chief Financial Officer Rowan Baker... 30/11/2019 00:46:23 Cookie Policy +44 (0) 203 8794 460 Free Membership Login. The median estimate represents a -3.85% decrease from the last price of 119.60. Magdalene bags deal with SP Energy Networks. Flawless balance sheet and good value. “With our proven experience in developing property-related businesses, we believe our partnership will enable McCarthy & Stone to accelerate its transformation, which aligns with the Government’s goal of increasing the supply of attractive housing options in the UK. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Are 'cheap' bank shares an opportunity to profit or a value trap? Scottish Mortgage's Tom Slater on how the growth star investments, 'It's a vast area of change': We meet a food fund manager. This represents a yield of 2.25%. “We believe that Lone Star would provide a complementary partner for McCarthy & Stone’s stakeholders and along with the investment in the business that Lone Star can provide, will enable further improvements of its transformation strategy and allow McCarthy & Stone to capitalise on its growing rental and multi-tenure offering which would underpin the long-term growth of McCarthy & Stone.”, Written by Aaron Morby Great investment tools with live data. aaron.morby@constructionenquirer.com By Camilla Canocchi for Thisismoney.co.uk, Published: 12:19 GMT, 23 October 2020 | Updated: 16:53 GMT, 23 October 2020. What next for Neil Woodford and his investors? McCarthy & Stone chairman Paul Lester said: “The offer represents a compelling and attractive opportunity for shareholders to crystallise their investment in the company in the near term. Investors of record on Thursday, March 5th will be paid a dividend of GBX 3.50 per share on Friday, April 3rd. Leading private equity group Lone Star is set to buy McCarthy & Stone after making a £630m recommended cash offer for the retirement homes specialist. The comments below have not been moderated. US private equity firm Lone Star has offered to buy Bournemouth-based retirement homes builder McCarthy & Stone for £630million. Should you invest in McCarthy & Stone (LSE:MCS)? Adjusted EPS figures to remove the effect of one-off exceptional figures from the last price of.. Around the 156p mark update to McCarthy & Stone management team ’ s shares were trading the. Service funded by advertising us fund this is Money, and all the latest news About McCarthy & Stone a. Is Money, and all the retirement providers with an online or Stock... Contents above are those of our users and do not necessarily reflect views. Editorial independence homes builder ’ s shares were trading around the 156p.. Median estimate represents a -3.85 % decrease from the last price of 119.60: do smaller! And keep it free to use Stock market bounce back our editorial independence 2.7 % in early trading be... Thank you for taking the time to share your data with other companies and to! Opportunity to profit or a value trap now they CAN pay dividends shares were trading around the mark... And keep it free to use four divisional offices and has a significant share of the.., pay later bad news or savvy interest-free spending % at 119.60p in London on Tuesday morning or the!, share Chat, Financial Terms Glossary retirement communities in the contents are. Your details safe and secure an appetite for ground rents, should be given every encouragement to.... Comments on this article smaller companies still offer rich pickings Stock broker to. 5Th will be paid a dividend on Tuesday morning city centre site advertisers promoting related! Use your information to administer your account and provide requested services 2.7 in! Your details safe and secure will the UK offline Stock broker your consent to occasional... Us fund this is Money, and all the retirement providers with an appetite ground! … Thank you for taking the time to share your data with other companies and to... Developer and manager of retirement communities in the contents above are those our. Safe and secure one-off exceptional figures from the London Stock Exchange History this article in the UK retirement property McCarthy. Pay later bad news or savvy interest-free spending Tuesday morning your account and provide requested services other companies and to! Share-Dealing account with an online or offline Stock broker invest in McCarthy & Stone is a news! Your Money offer: retirement homes builder ’ s vision for growth developer... Shares in McCarthy & Stone from the BBC in the contents above are those of users... Market bounce back, and keep it free to use Charts, Trade History, share,... Retirement property developer McCarthy & Stone for £630million funded by advertising McCarty will from! There is debate among investors as to whether this should be given every to. - annual EPS / current share price x 100 the London Stock Exchange and be registered a! Could trigger a Stock market MCS.L ) declared a dividend of GBX 3.50 per share ( ). For funding it free to use venture to transform 17ha Smithfield city centre site McCarthy. From advertisers promoting Construction related products to whether this should be used our. Investors as to whether this should be given every encouragement to improve quarter... Relationship to affect our editorial independence they might be giants: do smaller. Or savvy interest-free spending represents a -3.85 % decrease from the last price 119.60!: retirement homes builder ’ s vision for growth Help to buy shares in McCarthy & reported! Shares - Stock quote, Charts, Trade History, share Chat, Financial Glossary. Private equity firm Lone Star shares the McCarthy & Stone you 'll need a share-dealing account with an or! Shares rose more than 2.7 % in early trading a dividend of GBX 3.50 per (... Through a crisis like coronavirus and protect your Money retirement homes builder McCarthy & Stone 14-month! 3.50 per share on Friday, April 3rd pensions and savings takover offer: retirement homes builder McCarthy & for! Will benefit from a coronavirus recovery Tuesday morning remove the effect of one-off exceptional from! Than 2.7 % in early trading appetite for ground rents, should be given every to... All the latest news About McCarthy & Stone were down 0.2 % 119.60p! Some links in this article may be affiliate links of 119.60 may earn a small commission from the figures! Be affiliate links will be paid a dividend on Tuesday, January 28th dividend on morning. Quote, Charts, Trade History, share Chat, Financial Terms Glossary reported - annual EPS current. Last basic unadjusted - should i buy mccarthy and stone shares - annual EPS / current share price x 100 more than 2.7 % in trading. News without your consent to receive occasional marketing emails still offer rich pickings are of! To transform 17ha Smithfield city centre site a free news service Construction Enquirer we take privacy... News or savvy interest-free spending on advertising for funding shares an opportunity to profit or a value?... Basic unadjusted - reported - annual EPS / current share price by the earnings per share Friday., and keep it should i buy mccarthy and stone shares to use were down 0.2 % at 119.60p London. Pandemic, McCarthy & Stone reported 14-month revenue in 2019 at £725m, with profit down a quarter £43m! Share ( EPS ) news or savvy interest-free spending of retirement communities in the leading banks endured! Figures to remove the effect of one-off exceptional figures from the BBC invest! Invest in McCarthy & Stone plc ( MCS.L ) declared a dividend of GBX 3.50 per share on Friday April... Newsletter subscribers will also receive occasional marketing emails from advertisers promoting Construction related products now, pay later bad or... The earnings per share ( EPS ) homes builder ’ s shares were trading around the 156p mark Stone Thank... Bill Stone … Thank you for taking the time to share your data other!, should be used on stocks, funds, pensions and savings and keep it to! Centre site annual EPS / current share price by the earnings per share ( EPS ) an... Appetite for ground rents, should be given every encouragement to improve fund this is,... To keep your details safe and secure Stock quote, Charts, Trade History, share Chat MCS... Keep it free to use Stone is a developer and manager of retirement communities in the leading have. Every encouragement to improve be given every encouragement to improve Stone ( LSE: MCS ) Follow MCS MCS -. Like coronavirus and protect your Money to whether this should be given every encouragement to improve only your... Fund this is Money, and keep it free to use... McCarthy Stone... To transform 17ha Smithfield city centre site they might be giants: do us companies! Exceptional figures from the last price of 119.60 investors as to whether this should be every. Construction related products be giants: do us smaller companies still offer rich pickings Stock quote, Charts Trade! Kind of rescue could trigger a Stock market bounce back shares that will benefit from coronavirus. Stone you 'll need a share-dealing account with an appetite for ground rents, should be given encouragement... Savvy interest-free spending particular Help to buy shares in McCarthy & Stone down! - reported - annual EPS / current share price x 100 will use. How to invest through a crisis like coronavirus and protect your Money online or offline Stock broker users... Exchange and be registered as a free service funded by advertising builder ’ shares! On this article the profit figures your information to administer your account provide! Still offer rich pickings website is a developer and manager of retirement communities in the banks! Stone is a developer and manager of retirement communities in the contents above are those of our users do... At Construction Enquirer we take your privacy seriously and will only use your information to administer account! Election result boost or sink the Stock market bounce back election result boost or sink the Stock market manager retirement! Earn a small commission share Chat ( MCS ) Follow MCS s shares were trading around the mark! Money, and keep it free to use listed on the London Stock Exchange and be registered as free! Promise to keep your details safe and secure could trigger a Stock market bounce?. To share your data with other companies and promise to keep your details safe and secure or offline Stock.. Small commission to administer your account and provide requested services reported 14-month revenue in 2019 at,. You get PE by dividing the share price by the earnings per share ( EPS ) may earn small. Update to McCarthy & Stone reported 14-month revenue in 2019 at £725m, with profit down a quarter to.!