Crest Nicholson Share Discussion Threads

[porsche1945] 18/8/2020 13:47

Unemployment surging which will decimate housing plus help to buy to be heavily re jigged in March. Bounce last month was due to transactions held back while fat Boris’ covid fiasco playing out. Winter will be brutal. These have too much debt, expensive land bank. Brexit disaster still to unfold and U.K. worst affected of all economy’s anyway. Stick to S&P, Ftse 350 for shorting purposes only.

[master rsi] 18/8/2020 13:40

203p +8.50p +4.37%

Some of the House builders starting to move Up after the PSN positive news today

[master rsi] 18/8/2020 08:40

Being thee market leader PSN the other house builders will follow on the dividend and share price moving higher......

"PSN 2726p +113p
Persimmon says off to 'excellent' start in second half, reinstates dividend"

[salver2] 13/8/2020 22:52

Could be a takeover candidate with such a big discount to assets

[dbadvn] 13/8/2020 12:36

I’ve averaged down all the way from 220. Now at just under 190 average. Discount to nav will eventually be eliminated one way or the other.(takeover, return to divi etcetc). Solid opportunity if you have patience

[bgosby] 13/8/2020 11:36

Seeing some huge buys now!!!

[boredinberkshire] 13/8/2020 11:22

I saw these too, sorry don't have an answer but interested to know what they could be. There was also a £900k buy before these 2 sells.

[bgosby] 13/8/2020 09:57

Two massive sells just gone through. What's thoughts on this?

[master rsi] 07/8/2020 17:18

Mini house-buying boom leads to highest ever monthly price - BBC
House prices hit a new all time high in July as the property market gradually reopened, after being put on pause during the coronavirus lockdown.

According to the latest Halifax House Price Index the average price of a home was £241,604 last month, 1.7% higher than June's £237,834.

Prices are 3.8% higher than July 2019.

Halifax managing director Russell Galley said pent-up demand and a lack of available houses had combined to push up prices.

The government's cut in stamp duty had also boosted buyers' enthusiasm, he said.

Last month Chancellor Rishi Sunak announced a temporary suspension of stamp duty on property sales up to £500,000 in England and Northern Ireland.

House prices 'bounced back in July'
How will the stamp duty holiday work?
These latest figures mirror recent figures from the Nationwide Building Society, which showed house prices bounced back in July, climbing 1.7% during the month.

"The latest data adds to the emerging view that the market is experiencing a surprising spike post lockdown," said Mr Galley.

But he warned that while the prospects for the housing market were brighter than might have been expected three months ago, the effects of the pandemic were still creating a great deal of long-term uncertainty.

"As government support measures come to an end, the resulting impact on the macroeconomic environment, and in turn the housing market, will start to become more apparent," he added.

This view was echoed by Anna Clare Harper, author of Strategic Property Review, who said that the Halifax findings reflected current confidence in the economy:

"What we can't forecast is what happens next: economically, and in policy.

"What we can predict accurately is that these two factors will prove fundamental to the future of the UK housing market.", she said.

Another property specialist, Tomer Aboody, director of MT Finance, called on the government to consider further stamp duty relief on properties selling for more than £500,000 as he stressed the importance of the sector to the UK economy.

"Now more than ever the housing industry should be looked upon as the foundation upon which to keep the UK working."

[master rsi] 06/8/2020 10:28

UK construction PMI rises at fastest rate since October 2015
Sharecast news 06 Aug, 2020 10:00

Output in the UK construction sector expanded in July at its steepest pace since October 2015 but more jobs were lost, according to data released on Thursday.

The Markit/CIPS construction purchasing managers’ index rose to 58.1 from 55.3 in June, beating expectations for a reading of 57.0. The PMI came in above the 50.0 level that separates contraction from expansion for the second month in a row, with residential building the main driver of growth as activity rose to the greatest extent since September 2014.

Survey respondents pointed to pent-up demand and reduced anxiety among clients.

However, the survey also found that jobs were shed at a faster rate than in June, with around one in three respondents reporting a fall in employment. There were reports that some clients remained "apprehensive" about committing to new projects, resulting in intense competition to secure sales and squeezed margins.

Tim Moore, economics director at IHS Markit, said: "Construction companies took another stride along the path to recovery in July as a rebound in house building helped to deliver the strongest overall growth across the sector for nearly five years. Civil engineering and commercial activity are also back in expansion, which has been mainly due to the restart of work that had been delayed during the second quarter of 2020.

"Survey respondents noted a boost to sales from easing lockdown measures across the UK economy and reduced anxiety about starting new projects. However, new work was still relatively thin on the ground, especially outside of residential work, with order book growth much weaker than the rebound in construction output volumes."

Moore added that concerns about the pipeline of new work across the construction sector and pressure on margins "go a long way" towards explaining the fall in employment numbers.

[master rsi] 05/8/2020 22:05

This time the Director buying is a bit bigger 11K yesterday

Sally Nicholson - Chief Operating Officer
Buys 11,000 shares at 186.058p
Date of the transaction 04 - 08- 2020

[master rsi] 02/8/2020 23:37

UK Government Eyes Overhaul Of Planning System To Build Homes Faster
from Alliance News | 2nd August 2020 10:13

- Plans for a radical shake-up of a "complex and outdated planning system" in the UK are due to be announced this week, in a bid to speed up the building of new homes.

UK Housing Secretary Robert Jenrick has proposed a complete overhaul of a system that has been in place since just after the Second World War, and one he said has failed to keep up with the needs of the country.

Part of the new process will involve quicker development on land which has been designated "for renewal", with a "permission in principle" approach that the Ministry of Housing, Communities & Local Government said will balance the need for proper checks with a speedier way of working.

The other two categories will see land designated for growth where new homes, hospitals and schools will be allowed automatically to empower development, while areas of outstanding natural beauty and the green belt will come under the protection category.

The new process will be done through democratic local agreement, be clearer and cut out red tape, the government said.

Jenrick said: "For too long home ownership has remained out of reach for too many, as a complex and outdated planning system has failed to keep up with the needs of our country.

"I am completely overhauling the system so we can build more good quality, attractive and affordable homes faster – and more young families can finally have the key to their own home."

The new plans will focus on quality and design, the department said, and be inspired by the idea of design codes and pattern books that built the picturesque city of Bath, village of Bournville and district of Belgravia in London.

Jenrick wrote in The Sunday Telegraph: "John Ruskin said that we must build, and 'when we do, let us think that we build forever'. That will be the guiding principle as we set out the future of the planning system.

"We will build environmentally-friendly homes that will not need to be expensively retrofitted in the future, homes with green spaces and new parks at close hand, where tree-lined streets are provided for in law, where neighbours are not strangers," he added.

The government said the new approach will work through an interactive and accessible map-based online system "placing planning at the fingertips".

The changes come after the prime minister promised last month to "build, build, build" his way out of the coronavirus crisis.

UK Prime Minister Boris Johnson said he would slash "newt-counting" red tape in the planning system to speed up delivery of infrastructure projects and homes.

[master rsi] 31/7/2020 10:31

UK house prices bounce back in July thanks to pent-up demand
UK house prices bounced back in July, boosted by pent-up demand after the coronavirus lockdown ended, according to a survey released by Nationwide on Friday.

Annual house price growth recovered to 1.5% from a 1.6% decline June. On the year, prices were up 1.5% compared to a 0.1% dip the month before.

Nationwide’s chief economist, Robert Gardner, said the pick-up in prices "reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions".

"Pent-up demand is coming through, where decisions taken to move before lockdown are progressing. Behavioural shifts may be boosting activity, as people reassess their housing needs and preferences as a result of life in lockdown.

"Our own research, conducted in May, indicated that around 15% of people surveyed were considering moving as a result of life in lockdown."

He said these trends look set to continue in the near term, with the recently-announced stamp duty holiday serving to bring some activity forward. However, he also warned that this could be "something of a false dawn".

"Most forecasters expect labour market conditions to weaken significantly in the quarters ahead as a result of the aftereffects of the pandemic and as government support schemes wind down. If this comes to pass, it would likely dampen housing activity once again in the quarters ahead."

Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said Chancellor Rishi Sunak’s decision on 8 July to raise the threshold for stamp duty to £500,000 from £125,000 will provide additional support to prices over the coming months.

"Nonetheless, the latest Credit Conditions survey shows that a large net balance of lenders expect to restrict further the supply of secured credit in Q3," he said. "Lenders also are hiking mortgage rates for high loan-to-value products commonly accessed by first-time buyers; Nationwide, for instance, increased its 85% LTV tracker and fixed rates by up to 0.20% on July 29. Falling employment also will weigh on prices; the number of people on employers' payrolls was 2.2% lower in June than in March, and job losses will accumulate further as the Coronavirus Job Retention Scheme is wound down between August and October."

In addition, he said the supply of homes coming on to the market will likely increase in the winter, once mortgage payment holidays come to an end, pushing some into forced sales.

"Accordingly, we continue to expect a peak-to-trough decline in house prices of about 3%, though the stamp duty changes have made it likely that the near-term pace of decline will be gradual and that the low-point probably will not be seen until the summer of next year."

[master rsi] 31/7/2020 10:02

The FTSE is having a bit of a bounce but the builders still a bit weak this morning, despite some news of ... UK house prices bounce back in July

[maturo] 31/7/2020 09:30

Yes I got them and much lower than expected
the purchase was at 189.2
the order book done a good job with a few AT
and the amount was under £3000, what was left in the kitty

[maturo] 31/7/2020 00:14

It looks a good price with all those land bank on the balance sheet on a large discount to share price.
Ripe for takeover if it doesn't move higher.
directors buying.
The only negative at this price is the Market is in the wrong shape.

Let's see if I can purchase the stock at 191/192 tomorrow morning.

[master rsi] 30/7/2020 23:38

Just when I was hoping the share price today would close the GAP at 117/120p that is on the Candlestick chart, Canaccord upgraded TW. when share price was at 119p.....

"Canaccord upgrades Taylor Wimpey to 'buy', expects special dividends to resume in 2022

Analysts at Canaccord Genuity upgraded their recommendation for shares of Taylor Wimpey from 'hold' to 'buy' following recent share price falls despite the group's "strong" balance sheet.

In a research note sent to clients, analyst Aynsley Lammin also said that the key issue for the homebuilder were the existing macroeconomic risks and the outlook for home sales and prices in 2021.

Lammin said recent trends were "encouraging" although the test of rising unemployment "had yet to be fully felt".

His estimates called for delivery volumes to run at 80% of 2019 levels next year with pricing broadly holding up.
Lammin did however trim his target price on the shares from 165p to 160p."

[salver2] 30/7/2020 17:08

Thank you for telling us what has happened please let us know what will happen o master

[master rsi] 30/7/2020 16:59

Are we seeing a slow-motion second stock market crash right now?
Motley Fool - Jul 30, 2020
The stock market crash in the spring was brutal. Shares dropped like an elevator with a broken cable. Covid-19 hit the world hard and fast, and economies locked down all over the world.

Since then, the threat of a second stock market crash has been hanging in the air. Many people have heard how the second wave of the Spanish flu pandemic was worse than the first just over 100 years ago. Naturally, we all fear a similar scenario now.

Will the second stock market crash be in slow motion? And just lately, there have been a few worrying signs of the virus bubbling back up around the world. Even our prime minister, Boris Johnson, has been talking about the possible beginnings of a second wave abroad.

But it’s not decisive. It’s not absolute. And I reckon that’s why we haven’t seen a massive second crash in the stock market so far this year. But with the rising concerns about the virus, I do think we are seeing some shares rolling over and giving back some of the gains they made following the spring crash. Are we seeing a second stock market crash developing in slow motion?

Look at bank shares, for example. At today’s share price around 102p, Barclays (LON:BARC) is about 23% down from its recent bounce-back peak. And at just over 26p, Lloyds Banking Group (LON:LLOY) has retraced back down by 30%. It’s happening in other sectors too. At 620p, housebuilder Vistry is around 30% down and heading in the direction of its spring lows. And at 120p, Taylor Wimpey (LON:TW) is 28% lower.

Meanwhile, airline operator easyJet (LON:EZJ) is more than 40% down again, and food-service provider Compass has retraced lower by 25%. It seems that all these businesses have one thing in common – they would all be hit hard if Covid-19 caused more lockdowns in the economy.

Some names remain strong In fairness, not all shares are taking back recent gains. Just yesterday for example, fashion clothing and accessories retailer Next shot up by around 10% in just one day. The company issued a positive trading statement declaring sales had been better than expected through the coronavirus crisis.

And plumbing and heating supplies distributor Ferguson is holding on to recent gains. As are security software provider Avast, retailer Dunelm, and consumer goods champions Unilever (LON:ULVR) and Reckitt Benckiser.

I think the weakness we’re seeing in the out-and-out cyclical businesses underlines how sensitive and vulnerable they are to wider economic conditions. Meanwhile, investing guru Warren Buffett teaches us to cheer lower prices in the stock market. When the stock market moves lower and share prices fall, there’s more chance of picking up a bargain with shares.

There are differences in performance and investor sentiment between various sectors. I reckon that demonstrates how important it is to marry your search for ‘cheap’ with a focus on the quality of the underlying business.

Now’s a good time to go shopping for shares, but I’d be very selective in my choices.

[master rsi] 30/7/2020 16:45

"salver2"

is the Biggest Pinocchio

in this thread

[master rsi] 30/7/2020 16:41

        I will show you ..
            YOUR modesty here ...
                in a couple minutes ...

[salver2] 30/7/2020 16:20

I made just over a six figure profit / now I’m showing you no modesty

[master rsi] 30/7/2020 12:39

It seems you got it wrong once again, it wasn't only ACG but a dozen more shares.
I don't care about if you did or did NOT, it is the way you said it, it looks very bad for any one to look at it.

I only bought the stock yesterday, at on those funny days of Covid19 now and no growth earlier, only hold the enough time to make a profit, like I done on the last 12 to 27 May, bought at 224.40p and SOLD at 265.09p ( I did look at the book, but you could see it most likely on the thread)

Funny how there is only 2 comments from you earlier. One in 15 October 19 and then 19 March 20, but once the share price already down.

Are you a Pinochio as I think?

note, and taking the P!ss
Maybe you forgot to say, that you bought them at 435p but the 5p profit went in the red on counting the charges.

[salver2] 30/7/2020 11:19

The fact that I sold them at 440 seems to annoy you it wasn’t boasting as if you read on I said I wish I was so fortunate with my other shares ( ie I can admit to my losses) your handle Master RSI tells me and others all we need to know - Ie that you are a master of reading tea leaves.

[master rsi] 30/7/2020 10:03

calver
is not the price but your Vulgar comment " I use to own a lot of thes but sold them around 440 earlier in the year "

MORNING REFLECTION - MODESTY

“A great man is always willing to be little.”
― Ralph Waldo Emerson

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― Harry S. Truman

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