Crest Nicholson Share Discussion Threads

[sikhthetech] 24/6/2020 10:37

Crest Nicholson drops after slumping to a loss

[casino444] 24/6/2020 10:06

Well there you go not good results today ,

[casino444] 23/6/2020 16:39

Think I would rather watch paint dry , not sure whats going on with this one At the moment ,

[casino444] 19/6/2020 15:30

i thought crest would be up to around 280-290 by the end of the week ,its had a few flat days this week ,will be looking to buy a few more if its drops to around 230

[arja] 19/6/2020 11:17

certainly one of the building stocks not performing today for some reason .

[minerve 2] 18/6/2020 15:25

monty

I would hazard a guess that the land Crest holds isn't applicable to the type of houses TW wants to build and the demographic TW want to sell to.

[montyhedge] 18/6/2020 12:38

TW said they are going on a land buying spree, why not bid for Crest, best land bank in the South East. Probably work out cheap for TW.

[arja] 08/6/2020 16:16

lagging again today and might finish down on the day !

[heliweli] 28/5/2020 16:35

Why are we lagging the rest.

[montyhedge] 27/5/2020 10:21

I think best value house builder out of them all.

[master rsi] 26/5/2020 16:24

Just reached 270p, on a very strong finish for the day fro almost everyone on the sector but CRST the best now 12% UP

[master rsi] 26/5/2020 12:41

The "B@stard... Porsche1945
re - "Capital raise coming for these, have loved the drop, just want to say thankyou to Plus500 and IG for letting me sell this and Redrow short haha."


Must have his short UP his @rse by now, and I am having the last haha.
Has touched 265p not long ago, and look like is in a BREAKOUT as is higher than the previous Intraday high.

[montyhedge] 26/5/2020 12:36

Because these offer the best value for a shareprice gain.

[master rsi] 26/5/2020 09:13

Well on the rise, yes with the Market but the % is much better than any other Housebuilder 7.30%

[master rsi] 20/5/2020 23:07

Very volatile these days and today was down but it seems all the same in the sector....

Market movers: Experian shines on results; housebuilders fall

"Housebuilders were under the cosh, with traders pointing to comments from Chancellor Rishi Sunak, who said on Tuesday that the UK is heading for a recession of unprecedented scale. Berkeley Group, Persimmon and Barratt were all lower."

[master rsi] 19/5/2020 15:26

Another good performance today +13p and best of the sector, after going nowhere yesterday when the market was well up

[heliweli] 15/5/2020 11:20

Covid 19 decreasing rapidly in London area must be a positive.

[master rsi] 14/5/2020 17:23

Being 17 points lower at on time as the FTSE was 240 points down

Managed to bounce back and finished 2p lower, finishing the best of all the Homebuilders

[master rsi] 13/5/2020 17:05

The higher price of the UT was to get plenty of sells from the order book, as there was a buyer for a large amount in one go, not able to do during the day, apart from in small amounts.
That could clear plenty of sells on the order book for tomorrow morning.

16:35:12 232.400p 277536 UT
16:41:42 234.744p 273,294

[master rsi] 13/5/2020 16:43

Managed to finish on the UP though there was work to get it to yesterday closing price, peers all down

[master rsi] 13/5/2020 15:28

2 important positive points on today's news...
five-star status
and higher cash position though it seems the debt is also higher

1 - We also continue to make good progress in implementing our updated strategy. We were delighted to be awarded five-star status by the HBF customer satisfaction scheme in March this year which was one of our five strategic priorities announced in January 2020.

2 - We continue to take proactive steps to protect our balance sheet and prioritise cash flow. As at half year, 30 April 2020, net debt was £93.6m (HY2019: £68.3m) and the Company had £255.2m cash at bank. The increased cash position, up from available cash of £185.3m announced on 19 March 2020, reflects a strong focus on receipt collections, disciplined build spend as activity was wound down, and where possible deferral of land spend. Net debt is higher than the prior half year as a result of the impact of COVID-19 and the strong contribution from joint ventures and partnerships in the first half comparative of last year.

[heliweli] 13/5/2020 10:04

Crst and tw. on sky news might give us boost.

[master rsi] 13/5/2020 09:24

CRST 235p +6p / COVID-19 Update / 13 May 2020
Crest Nicholson Holdings plc is today providing an update on the impact that COVID-19 is having on the business.

The health and safety of our workforce and customers is our number one priority. We have developed a detailed set of working practices and protocols so that our construction sites can operate safely and in line with the latest guidance from Government, Public Health Authorities and the Construction Leadership Council. From 18 May 2020 we will start to remobilise activity on our sites in a phased and controlled manner. This will give us time to make the necessary adjustments to site safety and to properly train our employees, suppliers and subcontractors on the new requirements and ways of working. We will actively monitor compliance with these new working practices and ensure we evolve them in line with any developing guidance in the future.

Although all of our sites and operations have been shut since early April and reservation levels have been impacted by COVID-19, reflecting associated customer uncertainty and wider transaction constraints, we have continued to take moderate numbers of new sales and have also been able to process legal completions during this time.

We also continue to make good progress in implementing our updated strategy. We were delighted to be awarded five-star status by the HBF customer satisfaction scheme in March this year which was one of our five strategic priorities announced in January 2020.

We continue to take proactive steps to protect our balance sheet and prioritise cash flow. As at half year, 30 April 2020, net debt was £93.6m (HY2019: £68.3m) and the Company had £255.2m cash at bank. The increased cash position, up from available cash of £185.3m announced on 19 March 2020, reflects a strong focus on receipt collections, disciplined build spend as activity was wound down, and where possible deferral of land spend. Net debt is higher than the prior half year as a result of the impact of COVID-19 and the strong contribution from joint ventures and partnerships in the first half comparative of last year.

In consideration of the joint regulatory guidance from the FCA, the FRC and the PRA, regarding reporting timeframes in the current environment, Crest Nicholson will announce its Interim results, originally planned for Tuesday 9 June 2020, on Wednesday 24 June 2020.