MAR is capitalising on the governments new schemes to build affordable housing, not a large player with a market cap of around £35m, but making a profit.dyor.

Wondered why the fall off yesterday.

Beaufort Securities Speculative Buy 0.00 9.88 - 15.00 Initiates/Starts

CONSOLIDATION The Company has announced that the Directors of the Company are seeking authority to undertake a Share Consolidation. If approved the Directors will seek to implement the Share Consolidation shortly after the General Meeting. Terms: Under the Share Consolidation on the Record Date, each Existing Ordinary Share will be consolidated into one New Consolidated Ordinary Share on the basis of one New Consolidated Ordinary Share for every 10 Existing Ordinary Shares. Expected Timetable: 16 December 2013 - General Meeting, 19 December 2013 - Record Date. Further information may follow in due course.

Result of General Meeting
Mar City (AIM: MAR.L), the London and Midlands focused house builder, is pleased to announce that at its General Meeting, held for the purposes of approving, inter alia, the Placing and Acquisitions (details of which were set out in the Circular to shareholders dated 28 November 2013), all of the resolutions were duly passed.

Completion of the acquisition of Mar City Land Limited and the Placing will now proceed in accordance with the terms of the Acquisition Agreement and the Placing Agreement. One condition precedent has yet to be satisfied in relation to the acquisition of land at Radford Road, Nottingham pursuant to the Property Acquisition Agreement. This condition is expected to be satisfied shortly.

All capitalised terms in this announcement are as defined in the Circular which is available on the Company's website at www.marcityplc.com.

Share Consolidation and Award of Options
Mar City (AIM: MAR.L) is pleased to announce further details regarding it share consolidation.

All capitalised terms in this announcement are as defined in the Circular to shareholders dated 28 November 2013 which is available on the Company's website at www.marcityplc.com.

Share Consolidation
At its General Meeting held yesterday shareholders approved, inter alia, a 1 for 10 share consolidation.

Under the Share Consolidation on the Record Date (being the close of business on 19 December 2013) the Existing Ordinary Shares will be consolidated into New Consolidated Ordinary Shares on the basis of one New Consolidated Ordinary Share for every 10 Existing Ordinary Shares.

The rights attaching to the New Consolidated Ordinary Shares will be identical in all respects to those of the Existing Ordinary Shares.

Many Shareholders will not hold at the Record Date a number of Existing Ordinary Shares that is exactly divisible by the consolidation ratio. The result of the Share Consolidation will be that such Shareholders will be left with a fractional entitlement to a resulting New Consolidated Ordinary Share.

Holders of fewer than 10 Existing Ordinary Shares would not be entitled to receive New Consolidated Ordinary Shares under the Share Consolidation. Shareholders with a holding of Existing Ordinary Shares which is greater than 10 but which is not exactly divisible by 10 would have their entitlement rounded down to the nearest whole Consolidated Share. Any fractions arising as a result of the Share Consolidation will be aggregated and sold for the best price reasonably obtainable, and the net proceeds of the sale distributed among such Shareholders unless the Directors consider that the cost of distribution would, in the reasonable opinion of the Board, be disproportionate to the amounts involved.

The Directors have decided that the costs of distributing any amounts less than £3 would be disproportionate to the amounts being distributed. Based on the current market price of Existing Ordinary Shares, the maximum value of any fractional entitlement will be significantly less than £3. Therefore, all proceeds of the sale of fractional entitlements arising as a consequence of the Share Consolidation will be sold for the benefit of the Company.

Dealings and Admission
Application has been made for the 110,292,924 New Consolidated Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 20 December 2013. The New Consolidated Ordinary Shares will trade under the ISIN: GB00BH2RFN56 and SEDOL: BH2RFN5.

Tipped in the express for 2014 - Housebuilder Mar City (97½p) had a stunning 2013 and looks set to reap further benefits from a housing market supported by low interest rates. The firm, with a market value of £106million, recently acquired eight plots in the Midlands and raised £35million to boost its land bank.

Good support at this level, but hoping for a bounce when it hits the 200 DMA.

SP going like a train today 114p

Up 11% well done to all connections.

Trading Update
Mar City (AIM: MAR.L) the London and Midlands focused house builder today announces its trading update ahead of its final results for the year ended 31 December 2013.
Summary 2013
· Following a strong performance in the second half of the year, revenues will be in line with market expectations, a significant increase on the prior year and underpinned by contracted developments in the period.

· Increase in revenues has been generated from the ten contracts in place covering 648 new houses and apartments that have a combined contract value of £56 million of which approximately £35 million has now been delivered. The remaining £21 million is now expected to be delivered in 2014.

· Overall margins are expected to be materially ahead of market expectations and as a consequence the overall result for the year is now expected to be significantly ahead of expectations.

Outlook for 2014
· Successful land acquisitions for a total consideration of £30.8 million at the end of 2013 have secured over 500 housing units across eight sites, with four sites already under development.

· Strong new sales pipeline, benefitting from the 'Help to Buy' scheme which is helping first time buyers, young professionals and families into home ownership.

· Additional equity funding increased cash balances by a net £28 million which will be used to acquire additional new land during 2014 and a number of negotiations are already well advanced for sites in London, the South East and the Midlands.

Commenting, Tony Ryan, CEO of Mar City plc, said:
"Mar City performed very strongly during 2013, operating efficiencies have delivered improved margins and as a consequence results for the year are ahead of market expectations.
"The successful fund raising and acquisitions secured at the end of 2013 provides a strong pipeline of new residential developments and we have continued to make very good progress in the short period since. This platform and improving market conditions underpin our confidence for 2014 which will mark a transformational period for Mar City as we continue to benefit from the growth in demand for high quality new homes for the private and public sector.
"We continue to bring more first time buyers, young professionals and families into home ownership,, supported by a strong allocation under the Help to Buy scheme, and we remain dedicated in our strategy to maintain the high standard of the Mar City home to our customers.
"We look forward to reporting further progress as we work through the current year with further new developments coming on stream and we will continue to enhance the Group's land bank with acquisitions of sites in London, the South East and the Midlands."

Slow & steady, but all time high at 130p.

Property shares up 5% today.

Possible breakout.

Mar City (AIM: MAR.L) the London and Midlands focused housebuilder is pleased to announce that it has acquired land, which will add a further 622 plots to its land bank.

The Company has signed contracts (the "Contracts") for an aggregate value of approximately £17.8m million, which will add 622 plots and a retail unit to its land bank, for the following sites:

· Cranford Street, Smethwick in the Midlands - 142 units of family housing.
· New Malden, London - 80 units consisting mainly of apartments and ground floor retail unit.
· Hall Green Road, Sandwell - 250 units of family housing.
· Darkhouse Lane, Dudley - 150 units of family housing.

The additional 622 units acquired will add to the 512 units acquired in December 2013, moving the current land bank to c. 1,100 units. With a strong balance sheet and cash and debt facilities, the Company is well positioned to secure additional sites in the coming year. There is a strong pipeline and the Company are seeking to acquire at least 2,000 plots this year, which would create a land bank of at least 3 years, by the end of the current year.

Final results for the year ended 31 December 2013

· Strong performance in 2013, with significant growth in revenue and profits.

o Revenue up 177% with work progressing on all 10 contracts previously announced.

o Underlying operating profits* increased to £3,555k, generating a return of 14.3% on turnover.

o Underlying PBT * increased by 251% to £3,432k.

o Reported PBT (after exceptional costs of acquisition) increased to £3,221k.

o Net assets increased from £1.3m to £65.7m, with strong net cash position of £17.0m.



· Transformational fund raise and land acquisition completed.

o The land acquisition of £30.8 million secured over 500 housing units across eight sites, with four sites already under development and now generating sales completions.

o The new equity funding secured in December increased cash balances by a net £27.8 million which will be used to acquire additional land in 2014.


Outlook for 2014

· Strong new sales pipeline, benefitting from the 'Help to Buy' scheme which is helping first time buyers, young professionals and families into home ownership.



· Additional equity funding increased cash balances by a net £27.8 million which will be used to acquire additional land during 2014 and a number of negotiations are already well advanced for sites in London, the South East and the Midlands.

o Following the fund raise Mar City has acquired 622 further plots across London and the Midlands, as announced today.
o Strong pipeline with a target of at least 2,000 plots this year, which would create a land bank of at least of 3 years, by the end of the current year.


· Significant levels of reservations already taken in 2014, with completions generating cash and revenues, giving confidence that the significant growth forecast for 2014 can be delivered.

http://www.moneyam.com/action/news/showArticle?id=4778452

152p. Lovely chart.

and went down to 129.50p yesterday

is on the bounce today now 131 - 134p +3p

Most builders are moving higher today, good update from TW.

on the move 2 MM on the higher bid 132p for 1 at offer 135p

The stock had a late rally to 134.50p +5p

Market Report

Housing, mining shares rise

Housebuilder Taylor Wimpey gave a bullish outlook on Tuesday with a "new and enhanced set of financial targets" as the housing market goes from strength to strength. The company also said it will return at least £200m of cash per year from 2016 on top of the £50m special dividend in July 2014 and £200m in July 2015.

Others in the sector were also given a boost by the comments, such as Barratt Developments, Persimmon and Crest Nicholson.

A couple of early buyers got the MM at offer move higher