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CRST Crest Nicholson Holdings Plc

193.20
-1.30 (-0.67%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Crest Nicholson Holdings Plc LSE:CRST London Ordinary Share GB00B8VZXT93 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.30 -0.67% 193.20 193.20 194.10 195.50 191.60 194.50 1,107,962 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Construction Machinery & Eq 657.5M 17.9M 0.0697 27.76 497.14M
Crest Nicholson Holdings Plc is listed in the Construction Machinery & Eq sector of the London Stock Exchange with ticker CRST. The last closing price for Crest Nicholson was 194.50p. Over the last year, Crest Nicholson shares have traded in a share price range of 152.70p to 276.80p.

Crest Nicholson currently has 256,920,539 shares in issue. The market capitalisation of Crest Nicholson is £497.14 million. Crest Nicholson has a price to earnings ratio (PE ratio) of 27.76.

Crest Nicholson Share Discussion Threads

Showing 3226 to 3248 of 3250 messages
Chat Pages: 130  129  128  127  126  125  124  123  122  121  120  119  Older
DateSubjectAuthorDiscuss
19/3/2024
12:26
Another bad TU.

The sector newsflow has been as expected.

HBs have been paying dividends, resulting in cash dwindling, whilst demand is subdued. That is not a good policy.

If there's huge demand in the UK for property then why are they building less?

HBs say they are building less because of planning constraints. They didn't have problems with planning when demand was high.

Reservations still low.

The CMA investigation into HBs shows what the current state of housebuilding is.


"Build activity in the sector continued to operate at a lower level"


Pre 2019 completed sites

Since the publication of the FY23 results, the Group has become aware of certain build defects predominantly on four sites that were completed prior to 2019 when the Group closed its Regeneration and London divisions. These sites will require remediation over the next three years at an estimated cost of up to £15m. As a result, the Board has decided to appoint third party consultants to provide greater assurance on the adequacy of current provisions around these and other sites completed prior to 2019. A further update will be provided at the Group's interim results in June.

Outlook

The Group continues to focus on optimising value and expects FY24 completions to be in the range of 1,800 to 2,000 homes, with completions weighted approximately 35/65% in favour of the second half of the year, reflecting the opening order book and the low level of reservations in the first two months of the financial year.

sikhthetech
19/3/2024
11:23
I'm holding hoping someone can buy them out and sack the monkeys at Crest. Hopefully a 3rd party audit will help price accurately.
louis brandeis
19/3/2024
11:14
The penny has finally dropped and I am out today. Enough is enough, so many lies and drips of bad news while bribing us with a dividend smacks of Carillion all over again. No amount of pointing to a valuable land bank and hoping for a rescue is going to keep me here.
marktime1231
19/3/2024
10:23
"As a result, the Board has decided to appoint third party consultants to provide greater assurance on the adequacy of current provisions around these and other sites completed prior to 2019."

For them or interested parties I might ask???????

louis brandeis
19/3/2024
10:20
Sounds like a further profit warning will be coming along in June when consultants report further costs etc. Undoubtedly cheap but surely no rush to buy here,
its the oxman
19/3/2024
10:07
They always have in every aspect of business. Nowardays however companies are more transparent and the whole world is there for unfiltered scrutiny.
clarky5150
19/3/2024
09:48
But it's concerning that these calamities keep appearing
porsche boxster
19/3/2024
09:39
Can see nothing untoward with the trading update other than the pre 2019 legacy issue. Complete market over reaction as usual.
clarky5150
26/2/2024
12:46
What is the bigger surprise, that housebuilders "might" have been engaged in anti-competitive cartel behaviours, or that CRST was not (caught).

Bloor and (indirectly) Redrow are Tory donors, imagine there have been some heated calls. Oh, I forgot, the CMA is an arms-length agency.

marktime1231
26/2/2024
10:12
Good to see that CRST are not among the list of housebuilders that the CMA is investigating over information sharing:

"The CMA has therefore launched an investigation under the Competition Act 1998 into Barratt, Bellway, Berkeley, Bloor Homes, Persimmon, Redrow, Taylor Wimpey, and Vistry. The CMA has not reached any conclusions at this stage as to whether or not competition law has been infringed."

harris tweed
07/2/2024
09:16
Agree, always thought it'd be Barratt who'd go for Crest as to me it seemed the perfect fit for them. Have sold another half of my remaining shares on the spike to 230... Hope to see these drop back over time and may get back in... Perhaps Taylor Wimpey or Persimmon may feel pressure to catch up with Barratt in terms of scale and start sizing this up, but can't see it happening short term (famous last words!). Keeping a small stake just in case!
lafiamma
07/2/2024
08:57
I’m surprised Barratt didn’t take this over - it’s so ripe for a takeover
salver2
07/2/2024
08:41
yes , CRST up in sympathy so to speak as might be next t/o target
arja
07/2/2024
07:59
Redrow Barratt that's different.
cowie19
24/1/2024
18:20
Cannot see these falling too far. 160 base and bid speculation could take them higher.
I continue to hold.

cowie19
24/1/2024
11:56
Don't blame you Spud. Disappointed in Truscott who was brought in to stop the rot but CRST have continued to leak millions on bad projects. I'll take the dividend though, and I'm hoping a market revival or the new guy or rumours of a merger will provide a better exit price.
marktime1231
24/1/2024
07:12
JPMORGAN RAISES CREST NICHOLSON PRICE TARGET TO 160 (130) PENCE - 'UNDERWEIGHT'
bigbigdave
23/1/2024
22:45
Sold my holdings today. spud
spud
23/1/2024
22:44
Despite all of which we still get the 11.5p final dividend which is a great relief. Hopeful of better times ahead.
marktime1231
23/1/2024
20:31
Crest Nicholson sees house completions plummet and profits slump






Martyn Clarke, CCO PSN to takeover as CEO.

Persimmon’s Martyn Clark is taking over from Peter Truscott as chief executive of house-builder Crest Nicholson later this year.

sikhthetech
23/1/2024
09:21
They are debt free with a 40 percent discount to net assets in an improving market you could argue why aren’t they higher!
salver2
23/1/2024
09:16
I'm surprised this is still above £2 on those poor results - even acknowledged as such by management in the RNS.
spawny100
23/1/2024
08:42
Dividend going back to 2.5 times cover in future years. A cautious level but looks likely to be a cut surely?
spawny100
Chat Pages: 130  129  128  127  126  125  124  123  122  121  120  119  Older

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