Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  McCarthy & Stone plc    MCS   GB00BYNVD082

MCCARTHY & STONE PLC

(MCS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

McCarthy & Stone : Homebuilder McCarthy & Stone to go private in £630 million deal

10/23/2020 | 03:32am EST
FILE PHOTO:  A man walks past hoardings advertising retirement apartments currently being built behind on site by McCarthy & Stone in London, Britain

(Reuters) - Retirement-home builder McCarthy & Stone Plc on Friday agreed to be taken private by a unit of private equity firm Lone Star Funds in an all-cash deal that values the British company at 630 million pounds.

Shares in the London-listed firm jumped 43% to 118.4 pence, above the 115 pence per share offer, as the company said its board plans on unanimously recommending the deal to its shareholders.

McCarthy & Stone said the offer, which represents a 38.6% premium to its stock's closing price of 83 pence on Thursday, would help it continue growing its shared ownership offering and access finance from private capital.

The company swung to a loss in the first half of 2020 as COVID-19 restrictions on housing transactions slashed its number of completed sales.

Mastiff Ltd, the unit of real estate-focused Lone Star Funds, said it had received an irrevocable undertaking from hedge fund Anchorage Capital for 17.1% of McCarthy & Stone shares.

(Reporting by Aniruddha Ghosh in Bengaluru; Editing by Aditya Soni)


© Reuters 2020
All news about MCCARTHY & STONE PLC
06:51aMCCARTHY & STONE : Samson Rock Capital LLP - Form 8.3 - McCarthy & Stone PLC
PR
11/20MCCARTHY & STONE : Samson Rock Capital LLP - Form 8.3 - McCarthy & Stone Plc
PR
11/18DIMENSIONAL FUND ADVISORS LTD. : Form 8.3 - MCCARTHY & STONE PLC - Ordinary Shar..
AQ
11/17MCCARTHY & STONE : Samson Rock Capital LLP - Form 8.3 - McCarthy & Stone Plc
PR
11/16MCCARTHY & STONE : Samson Rock Capital LLP - Form 8.3 - McCarthy & Stone Plc
PR
11/13MCCARTHY & STONE : Samson Rock Capital LLP - Form 8.3 - McCarthy & Stone PLC
PR
11/12MCCARTHY & STONE : Samson Rock Capital LLP - Form 8.3 - McCarthy & Stone PLC
PR
11/11MCCARTHY & STONE : Samson Rock Capital LLP - Form 8.3 - McCarthy & Stone PLC
PR
11/11MCCARTHY & STONE : FY20 Trading Update
PU
11/06MCCARTHY & STONE : Samson Rock Capital LLP - Form 8.3 - McCarthy & Stone Plc
PR
More news
Financials
Sales 2020 209 M 279 M 279 M
Net income 2020 -93,8 M -125 M -125 M
Net Debt 2020 132 M 176 M 176 M
P/E ratio 2020 -5,97x
Yield 2020 -
Capitalization 621 M 829 M 829 M
EV / Sales 2020 3,60x
EV / Sales 2021 2,30x
Nbr of Employees 2 523
Free-Float 89,1%
Chart MCCARTHY & STONE PLC
Duration : Period :
McCarthy & Stone plc Technical Analysis Chart | MCS | GB00BYNVD082 | MarketScreener
Technical analysis trends MCCARTHY & STONE PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 111,43 GBX
Last Close Price 1,15 GBX
Spread / Highest target 9 865%
Spread / Average Target 9 556%
Spread / Lowest Target 7 699%
EPS Revisions
Managers
NameTitle
John Michael Tonkiss Chief Executive Officer & Executive Director
Paul John Lester Group Non-Executive Chairman
Martin Abell Chief Financial Officer & Director
Tracey McDermott Chief Technology Officer
Frank Eamon Nelson Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MCCARTHY & STONE PLC-22.55%825
D.R. HORTON, INC.46.50%28 160
LENNAR CORPORATION35.79%23 887
DAIWA HOUSE INDUSTRY CO.,LTD.3.27%20 902
NVR, INC.9.23%15 606
SEKISUI HOUSE, LTD.-17.51%12 408