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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Crest Nicholson Holdings Plc | CRST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.80 | -0.47% | 169.20 | 13:28:55 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 168.90 | 168.60 | 171.60 | 170.00 |
| Industry Sector |
|---|
| REAL ESTATE |
| Top Posts |
|---|
Posted at 16/6/2024 08:19 by con90210 https://www.thetimes |
Posted at 08/12/2021 12:41 by wilkie_hk There is a trend amongst house builders that if you pick up the shares late December and sell around April 1st, you will have beaten the market in something like 20 out of the last 23 years (Investors Chronicle did an article on this about 4 years ago). I think the average outperformance averaged around 10%. All the indicators are that this will play out again this coming year. I have made this play a number of times and done quite well out of it. |
Posted at 03/12/2020 20:14 by salver2 The 1.90 sell recommendation 3 months ago was when it went through the roof - whenever investors chronicle say sell - buy you’ll make a fortune - this is actually despite the rise only trading at around asset value |
Posted at 31/10/2020 12:04 by cjohn Hello sikhthe techYou say this, "Yes, I do the same and the reason you can do that is because book value isn't revelant in an abnormal or a market which is crashing. The book value didn't stop the share price from crashing from 500p. Even at 200p, when the value was below book value, the share price still fell to 160p. HBs shares have dropped over the past 6 months due to major uncertain events coming together during Q4, ie now." Could I suggest, if you are interested, you do some reading about value investment and how book value is used as a marker for investment decisions? There is not a single investor in the whole world who thinks book value can "stop" a share price from crashing. That doesn't mean it's not "relevant", That's a complete non sequitur. You haven't understood the point I'm making. |
Posted at 25/10/2020 15:12 by sikhthetech CJohn"This is the moment when asset-based value investors like me pick up shares at bargain prices." Yes, I do the same and the reason you can do that is because book value isn't revelant in an abnormal or a market which is crashing. The book value didn't stop the share price from crashing from 500p. Even at 200p, when the value was below book value, the share price still fell to 160p. HBs shares have dropped over the past 6 months due to major uncertain events coming together during Q4, ie now. The recent share price rise has been with all the HBs. It's because stockmarket have been stable, housing has picked up recently due to Help to Buy and Temp Stamp Duty hol. Some are just trading long/short. Some investors feel uncertainty is factored into the price and so expect a normal market return soon. I differ, I expect housing market to crash. I'm also expecting the stockmarket to crash and HBs are not immune to such a crash. Once the story changes, I will adjust my opinion. |
Posted at 23/10/2020 11:10 by cjohn sikhthetech20 Oct '20 - 11:12 - 2666 of 2668CJohn "In the short-term share prices are volatile and are not closely tied to underlying value whether this is book value, earnings, dividends, However, in the longer run, share prices ARE related to markers of value: profitability, book value etc." Agree. That was exactly my point in #2655: sikhthetech13 Oct '20 - 12:10 - 2655 of 2665 Book value is only revelant in normal times. We're in abnormal times as can be seen with the government trying desperately to avoid a deep recession, job losses, house price crash. Forgive, but you are making a completely different point to mine, sikhthetech, and one I don't agree with. Book value is neither more, nor less "relevant" during a crash. Book value is an indicator of value. When prices drop, book value remains the same, but P/TBV (price to tangible book value) drops. This is the moment when asset-based value investors like me pick up shares at bargain prices. I've been able to buy CRST twice this year at prices in the 160s, trading at a very deep discount to tangible asset value. It's been my experience and, more importantly, the experience of large numbers of investors over many decades that buying at a deep discount to tangible asset value is a successful strategy, as very more often than not prices revert to tangible book value and above. |
Posted at 08/10/2020 14:24 by cjohn I'm still holding here, in spite of the various possible headwinds in the housing market. Still decent value compared to assets, and management has taken the usual COVID palliatives.Hi, imastupidgitaswell, my feeling is we can cut a lot of slack to some of the more unusual posters on here. (I mean on ADVFN.) I don't mind reading negative macro- or micro- posts about shares I hold. Even when the poster's repetitive and broadcast-only. I don't really care what the intentions of the poster are either. If they are saying something potentially useful, that's good enough for me. What does it matter if they are in a tiny world of their own? Macro-generalities about the housing market are just that; most minimally savvy investors are well aware of the extreme fragility of the economy. It's something to keep in mind; especially as the market continues to throw up bargains as a result. |
Posted at 08/10/2020 13:36 by salver2 As soon as investors chronicle had a sell rating on these at1.90 I bought a huge amount - At 2.40 they are still under their asset value by approx 30 percent.These rags like investors chronicle and money week are there to lose people money |
Posted at 10/9/2020 22:09 by master rsi From Market Report"On home shores, investors were mulling over the latest survey from the Royal Institution of Chartered Surveyors, which showed house prices rose at the fastest pace for four years in August as buyers sought out properties with gardens or near green space. A net balance of 44% of estate agents reported rising prices in RICS' monthly survey, up from 13% in July and a turnaround from May when prices were falling. Only London failed to show growth with prices more or less unchanged in the past two months. Buyer interest, new instructions and agreed sales all rose sharply as households acted to take account of Chancellor Rishi Sunak's stamp duty holiday, RICS said." |
Posted at 03/4/2020 17:11 by sikhthetech I too am drip feeding. I haven't bought any HB yet as I believe they have further to fall..I don't think it's just Covid-19 which will have a short to medium term impact. There's also btl investors selling, international investors who I think will sell down, Brexit still to resolve plus HB still have the redress from the Leasehold scandal to provision for... The Covid-19 lockdown could result in severe supply chain problems, especially if it lasts several months, which looks likely.. I'm looking at Crst nearer to 100p... |
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