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CRN Cairn Homes Plc

106.00
-1.40 (-1.3%)
Last Updated: 10:47:39
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cairn Homes Plc LSE:CRN London Ordinary Share IE00BWY4ZF18 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  -1.40 -1.3% 106.00 53,118 10:47:39
Bid Price Offer Price High Price Low Price Open Price
106.00 106.80 106.60 106.00 106.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Services EUR 617.36M EUR 81.03M EUR 0.1214 8.76 710.36M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:47:39 AT 708 106.00 GBX

Cairn Homes (CRN) Latest News (1)

Smart Money!
CRN is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 BMO UK HIGH INCOME TRUST PLC 3.82% 2022-05-31
 EUROPEAN ASSETS TRUST PLC 3.00% 2023-10-31

Cairn Homes (CRN) Discussions and Chat

Cairn Homes Forums and Chat

Date Time Title Posts
12/10/202322:56*** Cairn Homes ***62
27/10/201115:22Is Corin on its (orthopaedic) knees as the share price would suggest? No!1
11/8/200506:43Corin - Profit Warning - ceck it out-

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Cairn Homes (CRN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:47:39106.00708750.48AT
10:47:39106.206,7007,115.40AT
10:47:30106.402,1872,326.97AT
10:47:30106.405,4155,761.56AT
10:47:30106.403,0803,277.12AT

Cairn Homes (CRN) Top Chat Posts

Top Posts
Posted at 30/11/2023 08:20 by Cairn Homes Daily Update
Cairn Homes Plc is listed in the Management Services sector of the London Stock Exchange with ticker CRN. The last closing price for Cairn Homes was 107.40p.
Cairn Homes currently has 667,630,215 shares in issue. The market capitalisation of Cairn Homes is £710,358,549.
Cairn Homes has a price to earnings ratio (PE ratio) of 8.76.
This morning CRN shares opened at 106.40p
Posted at 07/9/2023 12:35 by kalai1
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
Posted at 07/9/2023 08:41 by djderry
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.
Posted at 12/5/2022 13:18 by km18
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
Posted at 14/1/2022 07:09 by djderry
The share buyback,along with the market-beating results and upgrade will underpin Cairn's performance in due course.
Posted at 16/1/2020 07:34 by djderry
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.
Posted at 29/11/2018 10:43 by lbo
https://www.independent.ie/business/personal-finance/property-mortgages/central-bank-confirm-no-change-to-mortgage-rules-37574747.htmlAbout one-third, or more than €300 million, wiped off its value this year. It is increasingly clear that sentiment towards Irish property companies is changing, and that change is negative.Quietly, bankers and those in the property industry will tell you that one of the reasons the shares of housebuilders are running out of steam is that the Central Bank's rules on mortgage deposits and income limits are really starting to bite, particularly the latter.As borrowers struggle to obtain mortgages because the banks have run out of exemptions, asking prices for houses are being scaled back. At the upper end of the market in Dublin, it is now obvious that many homes are taking much longer to sell.The impact of this on the new-house builders is that the expectations they may have had for sale prices in the future may not materialise. That feeds into the forecasts for profitability, and hence share prices suffer.
Posted at 01/2/2018 22:47 by roykeane2
Anybody know why this stock is so strong??? All the price action in the market is at the low to very low end of the market, yet Cairn have been buying for big money new sites aimed at the high end!!!!
Posted at 11/9/2017 14:25 by lbo
https://cantorfitzgerald.ie/wp-content/uploads/2017/09/New-Cantor-Daily-5-September-2017.pdfCairn is currently pricing at €1.71 after a gain of approx. 8% in under a month. We currently do not cover Cairn Homes but we would advise clients against buying in at these levels, with current price 8% above what the market believes is fair value.
Posted at 23/3/2016 01:18 by djderry
3 for every 14 shares at 1.12 euro,now does the share price go below?
Posted at 27/4/2000 08:15 by nickb
RNS Number:6678J
Caradon PLC
27 April 2000


Contact Jurgen Hintz, Chief Executive
Caradon plc 01932 850 850

David Bick
Holborn Public Relations 020 7929 5599
david_bick@holbornpr.co.uk


Caradon plc

CARADON TO DIVEST PLUMBING BUSINESSES
AND SHARPEN FOCUS ON GROWTH MARKETS

Caradon plc today announces further significant steps in its strategic
transformation into a simpler business, focused on strong positions in growing
markets.

In the last two years Caradon has radically simplified its portfolio,
divesting 12 businesses and exiting a number of low-growth markets. The
Group's operations have been restructured and focused on achieving growth, as
delivered in 1999: Sales of the continuing businesses grew by 18%, operating
profits by 27%, and earnings per share by 38%.

The strategic transformation of Caradon is now being advanced to the next
stage with the announcement today of plans for:

* the disposal of all Plumbing businesses, Caradon's largest sector, including
leading UK brands such as Mira Showers, Stelrad Radiators, Ideal Boilers and
Twyford Bathrooms.

* the disposal of Friedland, the leading European Door Chimes company, to
focus the Electrical sector on the growing 'Intelligent Building Systems'
markets.

* the acquisition of Columbia, a Californian Aluminum Extruder, to expand
Caradon's vigorously growing Extrusion business, as detailed in a separate
news release.


Group Chief Executive, Jurgen Hintz, commented:

'We are determined to keep simplifying the Group, to concentrate resources on
opportunities for enhanced growth and higherreturns. Today's moves advance
these objectives. They will allow us to build scale and competitive advantage
in our chosen markets, and thereby generate sustainable economic value.

'After these transactions Caradon's exposure to growth markets will have been
trebled since early 1998, when less than a quarter of Group sales were in
markets growing over 5% per year. Going forward, three quarters of our
businesses will benefit from such underlying growth.

'The Plumbing businesses to be divested are performing well, following their
restructuring in the last two years. They benefit from a first-class
management team and from strong brands, combining to a market-leading position
in the UK. They are well placed to continue to advance under appropriate new
ownership.'


In 1999, the companies to be divested grew total sales by 5% to #370m, and
operating profits by 12% to #40m, before restructuring. The proceeds of these
sales will allow Caradon to make further strategic, value-enhancing
acquisitions and to fund possible further share buy-backs. CSFB is advising
on the disposals.

Going forward, Caradon will be concentrated on three sectors, which in 1999
grew reported sales by 25% and operating profit by 31%. Including the
full-year contribution of four recent acquisitions, the 1999 proforma sales of
the three sectors adds to over #1.2 billion, roughly doubling the Group's
scale in these markets, as follows:


1998 1999 1999
Sales # million Reported Reported Proforma

Indalex Aluminum including Easco
Solutions (Extrusions) 196 313 528 and Columbia

Intelligent Building including Brand-
Systems (Electrical) 267 288 470 Rex and eff eff
Alarm
Security Printing
Services 215 244 244
__________________________________________________________

Total 678 845 1,242
__________________________________________________________


In 1999 these three sectors achieved a combined return on invested capital of
16% pre-tax, before acquisitions. Each sector exceeded the Group's cost of
capital, delivering on our commitment to create economic value.


Indalex Aluminum Solutions (formerly Extrusions)

Indalex is a leading competitor in the strategically attractive North American
market for aluminum extrusions. Market volumes are expanding by over 7% a
year, driven by three factors: building demand in the sun-belt states, growth
of recreational products (from golf bag frames to camping vehicles), and
high-tech electronic component growth.

Indalex volumes and profits grew 19% in 1999, excluding the Easco acquisition
contribution. Customer demand for enhanced service performance and higher
technical specification product are driving this organic Indalex growth.
Ample opportunity for further fill-in acquisitions exists in this fragmented
industry, with over a thousand small U.S. extruders serving their local
markets.

Intelligent Building Systems (formerly Electrical)

Intelligent Building Systems (IBS) covers the Wiring Devices, structured
Datacom cabling, Security Controls and Building Controls markets, which are
converging in the channels of distribution and at the customer. Caradon is
now well represented in all key IBS segments. Growth of 5-8% in the Datacom
and Controls markets is driven by four factors: rapid expansion of data
transmission volumes, rising technical specifications, growing security and
energy management demands, and an increasing trend towards remote monitoring
and control of systems via the Internet.

The recent acquisition of eff eff Alarm and Brand-Rex provides Caradon with a
strong platform in these markets, with particularly strong positions in the UK
and Germany. Benefiting from restructuring and growth in Building Controls,
total IBS sales grew by 8%, and operating profit by 20% in 1999, before the
contribution of the recent acquisitions.

Security Printing Services

While the basic UScheque market remains large and stable, the services we
offer to banks and consumers supporting cheque order fulfilment are growing
rapidly.

Non-cheque sales at Caradon's Clarke American cheque company grew by 36% in
1999, approaching nearly a quarter of total revenue. This is driven by the
transfer of cheque re-ordering to our Call Centres and the Internet. These
services quadrupled last year. This growth, plus Clarke American's ability to
win share in the underlying cheque market, supported the 14% sales and 14%
profit growth reported by this sector in 1999.

END
Cairn Homes share price data is direct from the London Stock Exchange

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