McCarthy and Stone (MCS)
Posted: October 23rd, 2020, 4:38 pm
by MrFoolish
... is being bought out. Surprised no-one has mentioned it.
https://www.londonstockexchange.com/new ... r/14729790
Re: McCarthy and Stone (MCS)
Posted: October 23rd, 2020, 4:45 pm
by PinkDalek
MrFoolish wrote:... is being bought out. Surprised no-one has mentioned it. ...
Somebody did, first thing this morning, over at Share Ideas:
viewtopic.php?f=33&t=25458&p=349998&hilit=McCarthy#p349998
Re: McCarthy and Stone (MCS)
Posted: October 25th, 2020, 11:54 am
by AndyPandy
It's a pretty ungenerous price at £1.15. I put the value at around £1.30 based on asset value alone.
Still, we're all in this for a profit and Lone Star will be the same. I might hold on for a short while to see if a counteroffer appears, but since the current price is at the Offer price and it's a Recommended Offer, no-one seems to be expecting anything higher.
Only bought into this a few months back so can't complain too much about the return. It will offset a lot of red ink elsewhere.