Crest Nicholson Investors - CRST

Crest Nicholson Investors - CRST

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Stock Name Stock Symbol Market Stock Type
Crest Nicholson Holdings Plc CRST London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
7.20 1.77% 415.00 16:35:07
Open Price Low Price High Price Close Price Previous Close
413.00 407.60 415.60 415.00 407.80
more quote information »
Industry Sector

Top Investor Posts

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
cjohn: Hello sikhthe tech You 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.
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.
cjohn: sikhthetech20 Oct '20 - 11:12 - 2666 of 2668 CJohn "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.
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.
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
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."
master rsi: Are we seeing a slow-motion second stock market crash right now? Motley Fool - Jul 30, 2020 The stock market crash in the spring was brutal. Shares dropped like an elevator with a broken cable. Covid-19 hit the world hard and fast, and economies locked down all over the world. Since then, the threat of a second stock market crash has been hanging in the air. Many people have heard how the second wave of the Spanish flu pandemic was worse than the first just over 100 years ago. Naturally, we all fear a similar scenario now. Will the second stock market crash be in slow motion? And just lately, there have been a few worrying signs of the virus bubbling back up around the world. Even our prime minister, Boris Johnson, has been talking about the possible beginnings of a second wave abroad. But it’s not decisive. It’s not absolute. And I reckon that’s why we haven’t seen a massive second crash in the stock market so far this year. But with the rising concerns about the virus, I do think we are seeing some shares rolling over and giving back some of the gains they made following the spring crash. Are we seeing a second stock market crash developing in slow motion? Look at bank shares, for example. At today’s share price around 102p, Barclays (LON:BARC) is about 23% down from its recent bounce-back peak. And at just over 26p, Lloyds Banking Group (LON:LLOY) has retraced back down by 30%. It’s happening in other sectors too. At 620p, housebuilder Vistry is around 30% down and heading in the direction of its spring lows. And at 120p, Taylor Wimpey (LON:TW) is 28% lower. Meanwhile, airline operator easyJet (LON:EZJ) is more than 40% down again, and food-service provider Compass has retraced lower by 25%. It seems that all these businesses have one thing in common – they would all be hit hard if Covid-19 caused more lockdowns in the economy. Some names remain strong In fairness, not all shares are taking back recent gains. Just yesterday for example, fashion clothing and accessories retailer Next shot up by around 10% in just one day. The company issued a positive trading statement declaring sales had been better than expected through the coronavirus crisis. And plumbing and heating supplies distributor Ferguson is holding on to recent gains. As are security software provider Avast, retailer Dunelm, and consumer goods champions Unilever (LON:ULVR) and Reckitt Benckiser. I think the weakness we’re seeing in the out-and-out cyclical businesses underlines how sensitive and vulnerable they are to wider economic conditions. Meanwhile, investing guru Warren Buffett teaches us to cheer lower prices in the stock market. When the stock market moves lower and share prices fall, there’s more chance of picking up a bargain with shares. There are differences in performance and investor sentiment between various sectors. I reckon that demonstrates how important it is to marry your search for ‘cheap’ with a focus on the quality of the underlying business. Now’s a good time to go shopping for shares, but I’d be very selective in my choices.
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...
montyhedge: I bet investors will be put off by the stock market and go back into solid bricks and mortar property.
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