|Crest Nicholson Holdings
||EPS - Basic
||Market Cap (m)
Crest Nicholson Share Discussion Threads
Showing 1926 to 1949 of 1950 messages
Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive".
In a note on the UK housebuilding sector, the bank said that aside from a brief spike in cancellations immediately after the Brexit vote - which was largely confined to London and commuter towns - housebuilders continue to trade well.
"The EU referendum vote now joins a list of recent headwinds (a general election; the Scottish independence vote) that have failed to derail the sector. Indeed, as memory of the vote continues to fade, strong fundamentals come more sharply into focus.
"With mortgage rates at record lows, government commitment strong (Help to Buy Equity Loans remain in place until 2021) and an embarrassment of riches on offer in the land buying market, fundamentals remain intact," it said.
Barclays said trading since the vote to leave the European Union has defied expectations, while wider economic fears have also tempered. As a result, it lifted price targets on a number of stocks across the sector.
As far as overweight-rated Crest Nicholson is concerned, it pointed to a strong top-line growth focus driven by a move to higher price points.
In addition it said the company's Southern footprint captures attractive end markets. It also argued that the group has "highly-regarded land buying credentials and the fastest sales rate in the listed space".|
1) well positioned, vertically integrated brands which straddle two growth markets and have plenty of runway for growth; 2) successful formats in a variety of guises and multiple routes to market; 3) strong and consistent cash flows to internally fund growth and an ungeared balance sheet with net cash of £8.9m; 4) no sizeable direct competitors; and 5) a highly experienced management team.
|EI - Not sure I would read too much into those share sales. CEO received 549,967 in March under the LTIP, of which he immediately sold 259,393. This was then followed by another sale of 195,000 on 8/4/16. So there was still a net increase in his total holding post these sales. They also represented a fairly small %age of his total holding which currently stands at 4,166,820 shares.
Yes, it would be reassuring to see NEDs adding material amounts to their holdings but again I'm not sure I read too much into the small NED holdings.
|Quite an intraday turnaround in the SP: 395p late morning, now over 408p.|
|Problem is the lower they short it the less they have to pay when they buy back to close, which means the share price will not necessarily be back to its highs for quite some time.|
|Mentioned it before but take a look at how the CEO has sold down his holding here,
great timing on many of his share sales.|
|Really don't understand why we are much closer to the panic low post brexit than from our all time high.
Every single update from a housebuilder since then has been "business as usual"
I would really like to take some more here but am pretty fully invested so will just have to wait for sanity to return.|
|That's me in for some more at 405p. Really struggling to see how they can be down close to £4 again. Telford Homes came out with a statement last week in which they suggested that IPRS was getting going again ("There has been a noticeable increase in institutional interest in PRS investments..." they said under "current trading") and I would have thought that ought to read across to Crest's efforts in that sector.|
|As the value of the Pound is driven down by greedy institutions, house prices will look more & more attractive to those abroad, both foreign & home grown.|
|The fundamental supply/demand balance is stacked well in favour of house builders, so as long as mortgages remain both available and affordable and unemployment does not spike the medium term looks solid.|
|Direction of policy not necessarily going against the housebuilders, monty:
"Housebuilders buoyed by £5 billion fund for new homes"
"The Government also plans to relax planning rules with a presumption in favour of residential development."
|I agree but dont yhink we have seen bottom yet...|
|Have to confess that I didn't expect to be back at this level again.
Lots of soft housing data around at present but unless you are expecting a proper collapse in the housing market a forward p/e of less than 8 is a bit silly.|
|That's me buying some more at 439p.|
|Back to square 1 for me.|
|But late with that news:
"The Board has resolved to pay an interim dividend of 9.1 pence per share, payable on 6 October 2016 to shareholders on the register on 23 September 2016."|
|Nice opportunity for a top up today!|
|ex div tomorrow i believe|
|Barratt also sounding reassuringly confident talking about trading since 1st July when their new financial year started:
"Our sales trends since the start of the new financial year have been encouraging, and underpin an increasingly ‘business-as-usual’ stance..."
|Institutions will also be adding as we approach the ex dividend date.|
|Shares on loan continued to climb in August according to the Euroclear data:
Mar 13.3m shares on loan (average)
|Redrow sounding very confident on their call. "Market stable, demand remains robust".|
|Nice rise ahead of next week budget.|
|Well, my initial reaction post brexit crash was a speedy return to the 450 level but every housebuilder market update in the last month has been really strong so I guess I will hold for now but would seriously consider my position if/when it crosses the £5 line.|