Share Name Share Symbol Market Type Share ISIN Share Description
Crest Nicholson Holdings 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
  -4.90p -0.98% 496.60p 496.20p 496.80p 504.50p 496.20p 500.50p 91,830 11:08:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 1,043.2 207.0 66.1 7.5 1,269.95

Crest Nicholson Share Discussion Threads

Showing 2376 to 2399 of 2400 messages
Chat Pages: 96  95  94  93  92  91  90  89  88  87  86  85  Older
DateSubjectAuthorDiscuss
20/4/2018
15:15
Looks like share sale announcement today may have doused that fire now
dov
18/4/2018
16:37
Crest on fire !! Helped along by TEF
pillion
15/4/2018
15:10
Good to see Woodford still increasing his position as of 9th April, unless you take him as a contrarian indicator these days. He is the largest disclosed shareholder with 12%, ahead of Ameriprise and Standard Life with a bit under 10% each. I note also that Blackrock has moved up to 7.2% (including 0.7% financial instruments) as of 16th March. Having been at 7% at IPO time and 7.2% in February 2013, Blackrock dropped to 5% in May 2015 and as far as I can see has stayed around the 5% level (with a few "under 5%" notifications) ever since until the latest notification.
1gw
06/4/2018
13:21
Divi received today; (smiley face
pillion
04/4/2018
14:10
Holding steady over the last few days despite wider market turmoil. Chart also looking to break out hopefully back to the 495p level and beyond.
valuehunter1
29/3/2018
17:14
-3.3% it's the constant bad days compared to the others which I don't get. I have heard the reasons why they might be cheap but still do not understand the long underperformance reasons to its peers
dov
29/3/2018
16:15
Dov, agree totally frustrating to see the price action like this, patience required here but will come good one day.
valuehunter1
29/3/2018
15:55
And so we keep hearing, dirt cheap incredible value yet The market does not believe this clearly another -2.6% down with the exception of bovis this is one of the worst performers yet again !!
dov
29/3/2018
15:13
This has to be one of the best plays in the market alongside MGNS valuation wise imo. Mega low forward P/E ratio of 6 and a divi of 35.7p this year and 40.3p forecast for next year means we will be yielding 8% and 8.9% by end of next yr. Crazy valuation. Woodford piled in here and so am I.
valuehunter1
27/3/2018
09:32
And still Getting cheaper compared to the rest with its continued underperformance. Redrow 2.7% up could do with one of those days on here !
dov
24/3/2018
01:03
Good find Speed
pillion
23/3/2018
12:34
Crest Nicholson shares still cheap, says Shore Capital - HTTP://citywire.co.uk/money/the-expert-view-reckitt-interserve-and-crest-nicholson/a1103943#i=4 Housebuilder Crest Nicholson (CRST) may have rallied in the past few days but the shares are still cheap, according to Shore Capital. Analyst Robin Hardy retained his ‘buy’ recommendation on the stock after a short first quarter update that showed trading remains in line with expectations. The shares were down 2.9% at 453.8p yesterday. He said Crest had been ‘by some margin, the weakest performing house builder in the last few months having reached a peak share price much earlier than the rest of the sector but then fell back peak-to-trough by almost 30%’. Hardy believed the shares were ‘discounting something calamitous… [but] that does not appear to be the case’. ‘Our fair value for Crest remains at 540p, which is now 16% above the current share price,’ he said. ‘The shares have rallied in the last few days, helped by some material holdings being disclosed, but they remain cheap in our view.’
speedsgh
22/3/2018
16:33
Thanks very much for the feedback. I've just bought back the shares I sold on strength this morning!
1pvh
22/3/2018
15:50
Yes, I have to say the mood at the informal parts of the morning was pretty upbeat. A bit of an end-of-term feeling actually given the personnel moves (various directors retiring or, in the case of the CEO, moving "upstairs"). But some things I had mentioned to me, apart from the LTIP hint above, were: - market focuses on interest rates but we look at employment rate; - based I think on some industry (rather than Crest-specific) data, this spring selling season (newbuilds I presume) is shaping up really well; - although help to buy accounts for quite a high % of Crest sales, a lot of these would probably happen anyway even if help to buy were withdrawn (i.e. "net" impact is nowhere near as big as the "gross" figures suggest) - one director said Crest's most popular unit under help to buy was (something like) a 3-bed (semi?), ie the implication is that buyers are using help to buy to get something bigger than they otherwise could afford and if help to buy weren't there they might just set their sights a little lower; - there has in fact been talk of extending help to buy until 2027 anyway (post-meeting I googled this and could find some references to both Labour mentioning 2027 in their 2017 manifesto, and the additional sum of money announced by the tories around the time of last year's budget also equating to about 2027 - links below). So all in all I came away feeling pretty good about my investment here. (Errors/misunderstandings excepted) hTtps://www.theguardian.com/business/2017/oct/02/may-help-to-buy-housebuilders-uk-housing-problem hTtps://www.mortgageintroducer.com/labour-guarantees-help-buy-2027/#.WrPPizFLGUk
1gw
22/3/2018
15:16
Hi 1gw. I live up North and wasn't able to attend today. I spoke to the FD a few weeks ago and he seemed reasonably upbeat. Overall did you like what you heard?Thanks
1pvh
22/3/2018
13:33
I chatted to various directors after the AGM about the relative share price underperformance. One opinion expressed was that perhaps Crest is falling between the stools of "income" and "growth" and that this makes it relatively difficult for the market to price. That is perhaps consistent with my observation in the post above. I did specifically bring up the pbt per share point and got referred to the remuneration plan in this year's AR (the LTIP on page 90). That has an eps "target" of 85.3p for FY20 ("threshold" of 82.0p and "maximum" of 92.0p). i.e. they have listened to the feedback on the apparent lack of stretch in the targets in the FY16 report and have gone for more stretching targets this time. You can work out for yourselves what the p/e is on that FY20 target.
1gw
22/3/2018
09:15
I suspect a good part of the relative underperformance over the last year comes down to those pbt per share growth numbers. It was a big step change from the actuals of FY14-FY16, to the remuneration plan numbers (in the FY16 annual report) for FY17-FY19. It may in large part just have been a mathematical consequence of the lower % pa revenue growth target over FY17-FY19, but perhaps a relative growth premium came out of Crest's shares as a result.
1gw
22/3/2018
08:37
Everything rosy as it could be and share price moving forward now "In line with expectations, total forward sales contributing to the current financial year, including completions year to date, at £620m are 15% higher than the £541m achieved at the same point last year; cumulative open-market forward sales revenues (excluding PRS) of £342mm are 10% higher. The Company's expansion of the Chiltern and Midlands divisions continues with the current number of sales outlets, at 55, some 12% higher (2017: 49) and further outlet openings planned over the coming months."
master rsi
22/3/2018
07:43
Very similar statement to last years AGM. With in line forecast of increase in sales. Think they have to be decent mid term value at these levels on a historic yield of over 7% and little or no debt and a large land bank.
1pvh
20/3/2018
09:45
Based on the a/cs there is nothing sinister in them. The sell off following the xd last week wasn't unexpected, but deeper than justified. We could be in for a spearhead bounceback to 500p. Unlike the other builders, CN is categorised as a Estate stock for a reason I can't fathom.
hooley
20/3/2018
08:06
like to think that might be the reason but i doubt it!!
dov
20/3/2018
07:32
RNS. Is that the answer - price forced down so that Blackrock can scoop up a load more! They must think the future is all bricks and mortar!!!!!
eggbaconandbubble
19/3/2018
15:48
The share price divergence with other housebuilders seemed to occur in June around the time of the interims. There's an article dated 23.3.17 from IC comparing housebuilders. https://www.investorschronicle.co.uk/2017/03/23/shares/sectors/building-an-income-from-housebuilders-JiEpiJXd8sWXHUihEyU8YP/article.html I've looked at a few and share price movement since then is BVS + 28.4% PSN + 20.2% RDW + 19.6% TEF + 18.6% BWY + 8.9% BDEV - 2.8% and CRST? CRST - 20.4%
stemis
19/3/2018
15:36
No evidence of shorting bar one of just over 1% Henderson Global a fornight ago. B/s shows bwg ratio of just 35%. Big investment in land last year which gobbled-up cash flow. Now has 5 years of land available.
hooley
Chat Pages: 96  95  94  93  92  91  90  89  88  87  86  85  Older
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