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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.30 | -0.67% | 193.20 | 193.20 | 194.10 | 195.50 | 191.60 | 194.50 | 1,107,962 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 657.5M | 17.9M | 0.0697 | 27.76 | 497.14M |
Date | Subject | Author | Discuss |
---|---|---|---|
19/3/2024 12:26 | Another bad TU. The sector newsflow has been as expected. HBs have been paying dividends, resulting in cash dwindling, whilst demand is subdued. That is not a good policy. If there's huge demand in the UK for property then why are they building less? HBs say they are building less because of planning constraints. They didn't have problems with planning when demand was high. Reservations still low. The CMA investigation into HBs shows what the current state of housebuilding is. "Build activity in the sector continued to operate at a lower level" Pre 2019 completed sites Since the publication of the FY23 results, the Group has become aware of certain build defects predominantly on four sites that were completed prior to 2019 when the Group closed its Regeneration and London divisions. These sites will require remediation over the next three years at an estimated cost of up to £15m. As a result, the Board has decided to appoint third party consultants to provide greater assurance on the adequacy of current provisions around these and other sites completed prior to 2019. A further update will be provided at the Group's interim results in June. Outlook The Group continues to focus on optimising value and expects FY24 completions to be in the range of 1,800 to 2,000 homes, with completions weighted approximately 35/65% in favour of the second half of the year, reflecting the opening order book and the low level of reservations in the first two months of the financial year. | sikhthetech | |
19/3/2024 11:23 | I'm holding hoping someone can buy them out and sack the monkeys at Crest. Hopefully a 3rd party audit will help price accurately. | louis brandeis | |
19/3/2024 11:14 | The penny has finally dropped and I am out today. Enough is enough, so many lies and drips of bad news while bribing us with a dividend smacks of Carillion all over again. No amount of pointing to a valuable land bank and hoping for a rescue is going to keep me here. | marktime1231 | |
19/3/2024 10:23 | "As a result, the Board has decided to appoint third party consultants to provide greater assurance on the adequacy of current provisions around these and other sites completed prior to 2019." For them or interested parties I might ask??????? | louis brandeis | |
19/3/2024 10:20 | Sounds like a further profit warning will be coming along in June when consultants report further costs etc. Undoubtedly cheap but surely no rush to buy here, | its the oxman | |
19/3/2024 10:07 | They always have in every aspect of business. Nowardays however companies are more transparent and the whole world is there for unfiltered scrutiny. | clarky5150 | |
19/3/2024 09:48 | But it's concerning that these calamities keep appearing | porsche boxster | |
19/3/2024 09:39 | Can see nothing untoward with the trading update other than the pre 2019 legacy issue. Complete market over reaction as usual. | clarky5150 | |
26/2/2024 12:46 | What is the bigger surprise, that housebuilders "might" have been engaged in anti-competitive cartel behaviours, or that CRST was not (caught). Bloor and (indirectly) Redrow are Tory donors, imagine there have been some heated calls. Oh, I forgot, the CMA is an arms-length agency. | marktime1231 | |
26/2/2024 10:12 | Good to see that CRST are not among the list of housebuilders that the CMA is investigating over information sharing: "The CMA has therefore launched an investigation under the Competition Act 1998 into Barratt, Bellway, Berkeley, Bloor Homes, Persimmon, Redrow, Taylor Wimpey, and Vistry. The CMA has not reached any conclusions at this stage as to whether or not competition law has been infringed." | harris tweed | |
07/2/2024 09:16 | Agree, always thought it'd be Barratt who'd go for Crest as to me it seemed the perfect fit for them. Have sold another half of my remaining shares on the spike to 230... Hope to see these drop back over time and may get back in... Perhaps Taylor Wimpey or Persimmon may feel pressure to catch up with Barratt in terms of scale and start sizing this up, but can't see it happening short term (famous last words!). Keeping a small stake just in case! | lafiamma | |
07/2/2024 08:57 | I’m surprised Barratt didn’t take this over - it’s so ripe for a takeover | salver2 | |
07/2/2024 08:41 | yes , CRST up in sympathy so to speak as might be next t/o target | arja | |
07/2/2024 07:59 | Redrow Barratt that's different. | cowie19 | |
24/1/2024 18:20 | Cannot see these falling too far. 160 base and bid speculation could take them higher. I continue to hold. | cowie19 | |
24/1/2024 11:56 | Don't blame you Spud. Disappointed in Truscott who was brought in to stop the rot but CRST have continued to leak millions on bad projects. I'll take the dividend though, and I'm hoping a market revival or the new guy or rumours of a merger will provide a better exit price. | marktime1231 | |
24/1/2024 07:12 | JPMORGAN RAISES CREST NICHOLSON PRICE TARGET TO 160 (130) PENCE - 'UNDERWEIGHT' | bigbigdave | |
23/1/2024 22:45 | Sold my holdings today. spud | spud | |
23/1/2024 22:44 | Despite all of which we still get the 11.5p final dividend which is a great relief. Hopeful of better times ahead. | marktime1231 | |
23/1/2024 20:31 | Crest Nicholson sees house completions plummet and profits slump Martyn Clarke, CCO PSN to takeover as CEO. Persimmon’s Martyn Clark is taking over from Peter Truscott as chief executive of house-builder Crest Nicholson later this year. | sikhthetech | |
23/1/2024 09:21 | They are debt free with a 40 percent discount to net assets in an improving market you could argue why aren’t they higher! | salver2 | |
23/1/2024 09:16 | I'm surprised this is still above £2 on those poor results - even acknowledged as such by management in the RNS. | spawny100 | |
23/1/2024 08:42 | Dividend going back to 2.5 times cover in future years. A cautious level but looks likely to be a cut surely? | spawny100 |
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