Cairn Homes Share Discussion Threads

[tightfist] 06/3/2024 08:12

TT2; Thanks for the ZULU Screen update, has a good track record over the years, but depressing few share selections. (I have held JNEO for a while, and it’s done well so far).

[tonytyke2] 04/3/2024 10:26

Yep, great recent update and looks very good for 2024 imo. Did pick up from Stocko over the weekend that the number of long screens CRN qualifies for, as jumped recently from 1 screen to 6. This includes the Jim Slater ZULU principle screen. Perhaps more Stocko users will be picking up on this now.With positive relative strength and increased recent volumes, I am hoping this can push on further. Good luck with your investment here.

[xamf] 11/2/2024 09:18

This is performing very well, then again it should be no surprise after the last update.

[phg87] 16/1/2024 16:43

Jumped in today. Great update and quiet board which helps. Hot sector too, looks like one to hold for the forseeable future.

[spooky] 16/1/2024 08:29

Very impressive.

[xamf] 16/1/2024 07:49

Absolutely agree. A stonking update.

[djderry] 16/1/2024 07:31

As trading updates go,that's as strong as you will see.Record breaking year and,wait for it,predicting 30% growth on all metrics for next year.The markets will love it.

[cardinal3] 12/10/2023 23:56

Hi Taras
Mine was a couple of days late but what bothered me more was the very low exchange rate which works out at over 20% less than I was expecting. And ii don't reinvest divis from companies outside the FTSE 350 apart it seems from inv trusts. Lessons learned.

[taras73] 09/10/2023 11:16

Hi All,

Just a quick question- have you had any problems receiving the divis due on the 6th? I spoke to II.com and they said that they haven’t received it yet..
Thanks

[kalai1] 07/9/2023 13:35

Cairn Homes plc posted Interims for the 6 months ended 30th June 2023 this morning. The Group has experienced its best period to date for sales agreed with a current closed and forward order book of 2,730 homes with a net sales value in excess of €1 billion. 535 new home sales were closed, €219.5 million revenue generated and €29.6 million operating profit earned. Strong demand underpins management’s confidence in further upgrading FY23 guidance. The business is now expected to deliver FY23 sales completions of at least 1,800 new homes, an 18% increase over FY22 and a corresponding increase in operating profit to between €110 - €115 million, generating an operating margin of c. 16.5%. Valuation is attractive with forward PE ratio around 8x and top quartile for the sector, dividend yield is over 9 % and top ranked out of 25 names in the sector. The share price also has positive momentum. Main cloud is the macro backdrop and its potential impact on house prices, but management has plans to commence over ten new sites in the next 12 months, to support growth ambitions for 2024 and 2025. BUY...

...from WealthOracle

[tonytyke2] 07/9/2023 11:48

Just checking on Stocko for those interested, it does pass 6 long screens (covering a spread of growth, value, quality and momentum screens). Overall Stockrank of 95.Good luck with your investments.

[tonytyke2] 07/9/2023 11:30

Yep, and guidance upgraded also.Looking in good shape added a few more this morning.

[djderry] 07/9/2023 09:41

Very strong interims,as expected.Healthy dividend and share buy back increased,record forward order book.
The difference between UK property and Irish Market is becoming very clear.

[tonytyke2] 04/9/2023 10:38

SP seems to be edging north recently, moving into the interims on Thursday. Hoping for a further strong update.

[djderry] 05/7/2022 08:03

Very positive trading update.

[km18] 12/5/2022 14:18

Cairn Homes plc issued an AGM trading update this morning. Demand is the strongest the company has experienced to date, the Company has a current closed and forward sales pipeline of over 1,600 new homes with a net sales value in excess of €600 million. The company today reaffirmed its 2022 guidance for €100m operating profit delivering operating margin of c16.5%. Shareholder returns for FY22 will amount to a minimum of €115 million through both ordinary dividends and share buybacks. Cairn’s medium term targets remain to deliver up to 5,500 new homes and generate in excess of €500 million in operating cash-flow in the three-year period to the end of 2024, while also growing ROE to 15%. Business is going well, is profitable and is growing robustly. Valuation is reasonable with forward PE ratio at 9.1x mid-range for the sector, the balance sheet is strong, dividend yield is generous at over 6.4%. There is a lot to like here, CRN is a share to BUY....

...from WealthOracleAM

[djderry] 14/1/2022 07:09

The share buyback,along with the market-beating results and upgrade will underpin Cairn's performance in due course.

[djderry] 11/8/2020 07:34

As positive an update as one could have wished for in the circumstances.

[sleepy] 18/3/2020 22:35

So far so good thank you (well good is perhaps overstating it but could be much worse)

[hybrasil] 18/3/2020 18:13

Never done the numbers there.
Hope you are good sleepy

[sleepy] 15/3/2020 20:56

Hybrasil - any thoughts on Hibernia??

[sleepy] 15/3/2020 20:55

Hybrasil - any thoughts on Hibernia??

[hybrasil] 15/3/2020 20:46

Well. Will they hit 40c

[djderry] 03/3/2020 07:38

Very strong results.

[djderry] 16/1/2020 07:34

Very positive results,the market will love the circa doubling of the share buy-back.It's what's known as a virtuous cycle.And yes,they are cancelling the bought-back shares.