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Share Name Share Symbol Market Type Share ISIN Share Description
Crest Nicholson Holdings Plc LSE:CRST London Ordinary Share GB00B8VZXT93 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.80 -2.16% 217.20 216.20 218.00 222.20 211.60 222.20 744,465 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 1,086.4 102.7 32.1 6.8 558

Crest Nicholson Share Discussion Threads

Showing 3026 to 3046 of 3050 messages
Chat Pages: 122  121  120  119  118  117  116  115  114  113  112  111  Older
DateSubjectAuthorDiscuss
25/10/2020
16:15
I think the storys already changed Uk market severely undervalued - that’s fortunately because a lot of people like you Sikhtech cannot read !
salver2
25/10/2020
15:12
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.
sikhthetech
23/10/2020
14:51
Well said cjohn my feelings exactly - you shouldn’t be able to pick up a profitable house builder for half assets- and that’s after they wrote them down but you and me did while sikhtech the ignoramus was still bla blah blabbing
salver2
23/10/2020
11:10
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
23/10/2020
07:42
Sikhtech did you notice today that MacArthur and stone got taken over - that’s because they were too cheap relative to their assets and have you noticed that these have risenover 50 percent since last month ( because they were too cheap compared to their assets - a little more thinking and study of what constitutes value might help you instead of your constant stream of obvious posts ( we are all aware of the economic situation - that is why shares such as this could be snapped up for peanuts as there were other buffoons like you selling!
salver2
20/10/2020
21:58
But these DID crash - >£5 pre Pandemic, 164p in April and 166p last month. I also think property is ludicrously overvalued, but hold CRST on its net-net basis (discount to book value and net current assets less all liabilities exceeding mkt cap) - and there should be a decent yield while we wait for the outer once normal service is resumed.
value hound
20/10/2020
10:12
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. The housing market is being supported by Help to Buy and the temporary Stamp Duty hol. H2B on 2nd homes and Stamp Duty Hol both end 31st March, less than 6 months away. I believe if house prices crash then Help to Buy loans will become toxic at some point and will contribute towards the next financial crisis. What will the book value be once we're in recession and land/property prices crash? When normal times return, the book value AT THAT TIME, COULD be revelant. HBs are not immune to a stock market crash
sikhthetech
20/10/2020
10:00
And it hasn't been 2 weeks yet, never mind 2 months. I feel like I have just hospital-passed a problem - but the trouble is he just sticks it on here as well, not instead of the TW. thread... Enjoy... 🙄
imastu pidgitaswell
20/10/2020
09:55
imastu pidgitaswell8 Oct '20 - 15:26 - 2642 of 2663 Fair enough - as I say, see what you make of him. And whether you have quite the same level of tolerance in a couple of months... :-) Thanks, imastu, I love the humour. It's put a smile on my face.
cjohn
20/10/2020
09:53
sikhthetech What has that got to do with the Book Value, which was the point in my previous post? "The share price was around 500p in Feb, 300p in May and 220p in July. Did the book value help or make no difference to the share price since then? Looks like made no difference." But you could take ANY indicator - PE, eps, gearing etc - and then say, "It looks like that made no difference." !! 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. This is not only my experience - I make a living from that fact - but has a huge weight of research over many decades behind it. Everyone is aware of the perils facing the UK economy and the housing market does look over-heated, but much of that gloom is included in a share price trading at around 3/4 tangible book value.
cjohn
18/10/2020
20:56
salver, "For myself I sold 10Ok shares at about 4.40 9 or 10 months ago netting me about a 100 k profit" of course you did... ;-) What has that got to do with the Book Value, which was the point in my previous post? "The share price was around 500p in Feb, 300p in May and 220p in July. Did the book value help or make no difference to the share price since then? Looks like made no difference."
sikhthetech
15/10/2020
21:08
Sikhtech you are clearly not an idiot but what you severely lack is context and understanding.For myself I sold 10Ok shares at about 4.40 9 or 10 months ago netting me about a 100 k profit.I sold them as I was getting quite a large exposure and I thought they were up with events. They continued to rise to over a fiver.When Covid arrived smashing a lot of shares- although taking a beating on a few of my other holdings I decided that at around 1.90 far too much pessimism had been baked in and I bought 100 k shares and now have over 50 k profit.All you do is blab blab, like a stuck record when a profitable housebuilders is offered at a 45 percent discount to its assets and will make a profit with little or no debt that is what is called a gift horse - so one buys while the stuck records either sell or keep on regurgitating the same bearishness that has given people like myself wonderful opportunities.
salver2
14/10/2020
09:55
salver, The share price was around 500p in Feb, 300p in May and 220p in July. Did the book value help or make no difference to the share price since then? Looks like made no difference... In terms of Barratts, have a read of their TU - they have mentioned the same concerns: They concerned about Covid, economic and political uncertainty. Plus there's an increasing reliance on Help to Buy loans by first time buyers. Help to Buy ends for 2nd homes on 31st March, as does Stamp Duty hols, less than 6 months away. "increasing the reliance of first time buyers on Help to Buy. In the period 51% of our private reservations (2020: 45%) used Help to Buy of which 74% were first time buyers (2020: 70%). " https://uk.advfn.com/stock-market/london/barratt-developments-BDEV/share-news/Barratt-Developments-PLC-Trading-Statement/83453302
sikhthetech
14/10/2020
09:18
you were right about BDEV announcement today and it is looking like it might break through 557 chart resistance . pulling other building stocks along a bit too .
arja
13/10/2020
17:22
Sikhtech you have very little understanding do you- the reason why they are trading 25 percent less than book is because of some of the reasons that you have stated- three weeks ago you could have bought Crest Nicholson for about 1.65 a share - they are now 2.39 - you’ll be having another rant when Barratt unleash excellent results Tommorrow
salver2
13/10/2020
11:10
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. The housing market is being supported by Help to Buy and the temporary Stamp Duty hol. H2B on 2nd homes and Stamp Duty Hol both end 31st March, less than 6 months away. I believe if house prices crash then Help to Buy loans will become toxic at some point and will contribute towards the next financial crisis. What will the book value be once we're in recession and land/property prices crash? When normal times return, the book value AT THAT TIME, COULD be revelant. HBs are not immune to a stock market crash
sikhthetech
13/10/2020
10:57
fair enough salver2 and interesting observation. I mainly day trade as come a cropper sometimes when taking overnight . I just use intra day chart looking for an oversold or overbought position in the day while keeping a close eye on how the dow and US indices futures or physical are faring . I think this policy gives a quite good risk/reward ratio and at worst I will have a small loss if I get it wrong . Parent and child orders enables me to accumulate at times with L2 dealer . I use KISS approach with charts just looking for a clear uptrend or downtrend on daily chart . But so many ways to make money or to lose it at times ( smile ) . good luck .
arja
13/10/2020
10:06
I think it’s fairly relevant with a house builder ie in Crests case it’s assets are circa 3.20 a share and the share price is 2.40 - in theory it’s worth more broken up - I’ve never used charts myself having been in the city for 35 years I believe a lot of charts and technical indicators are pretty useless- the professionals have access to all these tools and 91 percent underperform the market / I’m sure the odd person can make it work for them
salver2
13/10/2020
09:17
surely tangible book value is not relevant as it is all about p/e or prospective p/e ? Or am I wrong as I just trade using charts ?
arja
12/10/2020
20:17
The tabgible book value of CRST is stiil around a third higher than it's current share price, nearly all other builders are trading at or above their book price now. Still very good value in my view.
investor73
12/10/2020
12:17
intra day dip and regretting it as only building stock down today I think . Hoping it will bounce later in day but not looking likely !
arja
Chat Pages: 122  121  120  119  118  117  116  115  114  113  112  111  Older
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