Crest Nicholson Share Discussion Threads

[value hound] 20/11/2024 07:43

Indeed salver2 - worth substantially more. There's a bit of a debate on them in the "Value" thread.

[salver2] 20/11/2024 07:13

These shares seem far too cheap at less than half asset value -I’ve just read the trading report and there’s nothing there to make me think these are irrationally too low

[sikhthetech] 19/11/2024 15:36

I've taken a punt ahead of tomorrow's update.

I expect the update will be positive but the outlook won't. I will look at selling tomorrow.

[vatteton] 19/11/2024 11:05

Trading update tomorrow ?

[pugugly] 18/11/2024 11:28

Just visiting as an all time low. Any chance of recovery, or dead man walking?
Last bought in 2014 and sold at 427p in 2015.

[its the oxman] 11/10/2024 10:45

Doubt it. Cladding woes are here to stay for years I suspect. Govt doesnt want any responsibility so whole industry getting screwed over.

[salver2] 02/10/2024 15:11

I think that’s pretty much dealt with

[adam] 02/10/2024 09:31

Isn’t the reason BWY walked away because of cladding liabilities?

[salver2] 02/10/2024 09:18

This is a buy at these levels even for a company as poor as Crest Nicholson 40 percent below assets is too much of a discount

[eigthwonder] 13/8/2024 16:28

Recent BWY trading update to me said "we're well set up for the next couple of years", which sort of makes you think the CRST deal was more in the box marked "opportunistic" rather than the one marked "necessary". I also wonder quite how trustworthy NAV's for long held land banks are, especially in the SE, when the new government looks hell bent on increasing land supply, and not necessarily at market rates

[salver2] 13/8/2024 15:23

Seems an overly harsh reaction unless Bellway discovered some nasties -trading at a discount of over 30 percent to assets

[diku] 13/8/2024 15:06

With high rates for longer companies will tap shareholders for more money...when rates were low for longer it was credit flowing galore...

[lorse] 13/8/2024 13:58

Strange as 'well-informed' analyst at the Ibstock HY results on 7th Aug remarked that the Bellway bid would be approved on the 8th !

[porsche boxster] 13/8/2024 13:52

I thought this deal would go through with all the legacy bad news having been issued.
I wonder why Bellway have got cold feet?
Interesting market reaction to Bellway's share price, up 4% as I type.

[babbler] 13/8/2024 13:52

Fair enough. Just watching for now

[alphapig] 13/8/2024 13:46

Don't think so personally, could go sub £2 IMHO.

[babbler] 13/8/2024 13:41

Bid withdrawn. Opportunity? 215

[porsche boxster] 15/7/2024 15:47

I can't see Avant's interest progressing. Avant clearly has it's own issues, some of which sound rather familiar!

Regional house builder Avant Homes has racked up pre-tax losses of £108.9m from a turnover of £500m.

Latest accounts for the firm’s holding company for the period to June 30 2023 reveal a string of exceptional items associated with building safety measures and costing errors on previous developments.

Finance costs for loans also racked up as interest payments hit £87.8m during the year.

The accounts reveal provisions of £68.4m to repay work under the Government’s Building Safety Fund – up from £17m last time.

Avant said it is negotiating with the government to try and delay repayments under the scheme.

The accounts also reveal provisions for “material errors” in the books before the business was acquired in 2021.

The company stated: “These errors resulted in a material over statement of the performance of the Avant Group in periods to April 2021.

“The scale and nature of these errors have only become apparent in the current period following a full review of all sites.”

[salver2] 12/7/2024 18:35

Can’t disagree anything less than 3 pounds a share is a poor result

[louis brandeis] 12/7/2024 12:54

What no comments with what is going on, bizarre?

Surely the offer from Avant is more in our own interests with the merger suggested at NAV?

It seems to me that the offer currently being suggested by Bellway has more opportunity for the executives and hence why they are prepared to sell at, let's face it, a not very exciting price and at 0.8 NAV.

[beckers2008] 05/7/2024 10:47

""sunshine Today13 Jun '24 - 13:52 - 2890 of 2897
Reservations still low

Going lower"" END.

Good call troll, when are you gonna get anything right! Lol, just lol!

[con90210] 16/6/2024 08:19

https://www.thetimes.com/business-money/companies/article/investors-push-housebuilder-crest-nicholson-to-agree-bellway-deal-36n68zp97

[con90210] 14/6/2024 15:23

Decent close here on the cards

[sikhthetech] 14/6/2024 11:30

Miti,

You've obviously not read my post.

Given Bellway AND now CRST are in Net Debt, why would Bellway make another 253p bid, so soon.

The other point is Crst BoD knew of 2 bids last month. Yet they didn't think it necessary to inform their shareholders!

I don't think the timing of the leak is just a coincidence, coming on the day of a profit warning.

HBs obviously need M&A as the housing market remains uncertain. Otherwise, the longer the uncertain housing market continues, the higher the risk placings will be needed.


The sector newsflow has been as predicted: