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.

On my watch list after mitzy mentioned it the other day, halifax. Looks promising.

doodle sp moving up nicely, don't miss the boat.

Posting a chart on this thread halifax - just for info, as I know skinny and quite a few other posters on this bulletin board like to look at chart patterns.

tks doodle, expecting some announcements on new contracts for government "help to buy scheme " before long.

Moving ahead now.

mitzy like the look of this one seems to have good potential and is involved in "flavour of the month" business.

Yes all house builders are performing well today.

RNS contract to build new homes in North London

news should get it going.

StockMarketWire.com
Mar City has entered into conditional contracts to acquire eight plots of land in the Midlands for a total of about £30.8 million.

It said planning permission had been granted for more than 500 housing units across the sites, and four of the sites were already under development.

The consideration was to be satisfied as to £25.8 million by the issue of 322,418,763 New Ordinary Shares credited as fully paid at the Placing Price and £5 million in cash.

http://www.moneyam.com/action/news/showArticle?id=4714248

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."