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CRST Crest Nicholson Holdings Plc

193.20
-1.30 (-0.67%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 1,003,823 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Construction Machinery & Eq 657.5M 17.9M 0.0697 27.72 496.37M
Crest Nicholson Holdings Plc is listed in the Construction Machinery & Eq sector of the London Stock Exchange with ticker CRST. The last closing price for Crest Nicholson was 194.50p. Over the last year, Crest Nicholson shares have traded in a share price range of 152.70p to 276.80p.

Crest Nicholson currently has 256,920,539 shares in issue. The market capitalisation of Crest Nicholson is £496.37 million. Crest Nicholson has a price to earnings ratio (PE ratio) of 27.72.

Crest Nicholson Share Discussion Threads

Showing 2701 to 2725 of 3250 messages
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DateSubjectAuthorDiscuss
26/3/2019
07:47
Steady as she goes, by the look of that AGM statement. Have to wait for the AGM itself for more colour on margin expectations and the shape of any anticipated hockey sticks.
1gw
24/3/2019
13:11
Property market I think grinding to a halt it seems, stamp duty killed it along with Brexit uncertainty.
montyhedge
21/3/2019
09:04
BUZZ – Crest Nicholson: JPM sees fall in 2019 profit; shares trading ex – dividend
08:47

* Analysts at JP Morgan cuts price target on Crest Nicholson to 400 pence from 440 pence
* Shares of the UK homebuilder are trading ex-dividend...
* JPM sees co's profits to decline in 2019 with no improvement in 2020, says CRST's earnings risk is particularly high and could create pressure on margins
* Order book and outlets has not grown in line with the group's planned volume growth, says JPM
* CRST gained 9 pct so far this year

thefartingcommie
21/3/2019
08:22
Apart from going x div reason for the drop - WTO fears?
essential
18/3/2019
11:02
That's the non ISA CRST holding sold out to avoid the 32.5% divi tax and also 11% child benefit loss (43.5% effective tax). Also playing the historic 1st quarter outperformance for house builders. I have a loss to bank on these, so would not buy back in for 30 days. Last year I omitted to sell out to avoid the divi tax and was hit by the double whammy of the tax (incl child benefit loss) and the drastic fall in the share price for the remainder of the year.

With the large shortage of housing and the fact that Crest has underperformed it's peers I do see these as a good long term play. But may bide my time if I am to buy back.

wilkie_hk
15/3/2019
18:25
Not the first time that speculation has gone in that direction on this thread! I have to say it makes more sense to me at this point than it did before, given BKG is throwing off cash and CRST is still recovering from its profit warning and being out of the sweet spot.

Nice to see it move through £4 a bit more decisively today, anyway.

1gw
15/3/2019
10:16
Just a thought are Berkeley homes mulling a bid for crest Nicholson - it would make a lovely fit !
salver2
05/3/2019
12:20
Government Petition to Ban shorting of London AIM stocks.

The AIM stock market is where smaller companies list their shares rather than using the prohibitively expensive main London Stock Market. This is an important market for the growth of smaller UK companies.

In challenging times, shorters seek to borrow the company's shares from a holder for a consideration and to buy them at a later date. They immediately sell these shares which, due to the relative illiquid market, sends the price much lower and hence the shorters can buy them at that lower price - pocketing the difference. The only beneficiaries are the shorters and the market makers with the losers being the reputable company and it's bona fide investors.

wattene
02/3/2019
09:08
He won’t do anything to the help to buy scheme!
salver2
01/3/2019
16:29
Nice to see £4 again.
1gw
28/2/2019
11:12
I just have a feeling in next month budget, will he do something to the Right to Buy Scheme.
montyhedge
28/2/2019
11:04
So you buy on a profit warning ?
High risk strategy ?

pillion
28/2/2019
11:01
I've sold some Crest this morning and put the money into Telford Homes after their profit warning-induced fall. Now CRST and TEF approximately equally weighted in my portfolio.
1gw
26/2/2019
11:04
P.e 7 yield 8.4% ex div 21st March 21.80p. That will do me. I suppose the only risk is if the Chancellor in the Budget in March dropped the Right to Buy Scheme.
montyhedge
26/2/2019
09:15
Builders seem to be booming. In the low to middle sector, not high end.
montyhedge
22/2/2019
10:07
21.80p dividend on its way, not ex until next month. Still time for bears to close before XD date, lol
montyhedge
12/2/2019
08:08
Shorts got to pay the dividend back if they don't close before ex d date, ouch.
montyhedge
11/2/2019
08:02
Juicy dividend on its way soon.
montyhedge
08/2/2019
09:29
Reported shorts above 0.5% down from 7.5% (on 30 Jan) to 6.77% - five companies.
metis20
04/2/2019
10:07
Looks like they are short and caught.
montyhedge
04/2/2019
09:19
Well they certainly have called it wrong with their shorts, lol.
montyhedge
02/2/2019
21:12
7.5% disclosed short interest now, with 6 companies shorting. The biggest position, Henderson's has now reached 3.8%. Although Henderson holds shorts in several housebuilders, the CRST position is by far its largest in % terms.




On the other side, Woodford has built his position over the last year from 5.2% (23rd January 2018, annual report) to 15.1% as of 17th October. Blackrock has also built from under 5% at annual report time to 8% now. Blackrock appears to be feeding the shorts with 2.9% identified as financial instrument (right to recall). Norges Bank also has a right to recall tranche, (as of 30th October declared position) of 1.4%.

The recent results webcast is well worth listening to for anyone wanting more granularity on the business, its positioning and its strategy. A bit long but plenty of content.

They do a deep dive on the landbank and how they are now viewing it. They talk about sustainability of the dividend in terms of dividend cover vs peers and also in the context of something of a pause in investment. They also clearly signal a difficult 1HFY19 and quantify the likely material decrease YoY - so at least that should be built into analyst forecasts.

gowlane - you highlighted the growth in inventory. The reason for that given in the webcast is 50% buying in stock for the newish Midlands division and 40% increase in stock of finished units (i.e. unsold properties).

1gw
01/2/2019
21:21
I rather go with the team at Blackrock who have just increased their stake to over 5%, than a view of a analyst. But that's what makes a market, looks like that article was published when Crest were 367p, so his wrong already.
montyhedge
01/2/2019
18:14
Numis downgrades under pressure Crest Nicholson -

Numis has downgraded housebuilder Crest Nicholson (CRST) as margin pressure is expected to hit profits.

Analyst Chris Millington downgraded his recommendation from ‘add’ to ‘hold’ and trimmed his target price to 343p on the stock after full-year results came in in-line. The shares rose 1.6% to 367.2p yesterday.

‘While this should provide some relief, the outcome was largely supported by bulk sales,’ he said.

‘With continued margin pressure expected to result in a further 17% drop in 2019 profit before tax, we think that the company has its work cut out to prove it can make comparable returns to the majority of the quoted sector.’

He added that the stock was ‘not expensive’ but with the group ‘running one of the highest adjusted gearing positions and with margins forecast to continue declining, we see superior value elsewhere’.

speedsgh
01/2/2019
14:32
Wonder if Woodford increased his holdings on the figures, what a dividend.
montyhedge
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