Crest Nicholson Share Discussion Threads

[salver2] 13/10/2020 11:06

I think it’s fairly relevant with a house builder ie in Crests case it’s assets are circa 3.20 a share and the share price is 2.40 - in theory it’s worth more broken up - I’ve never used charts myself having been in the city for 35 years I believe a lot of charts and technical indicators are pretty useless- the professionals have access to all these tools and 91 percent underperform the market / I’m sure the odd person can make it work for them

[arja] 13/10/2020 10:17

surely tangible book value is not relevant as it is all about p/e or prospective p/e ? Or am I wrong as I just trade using charts ?

[investor73] 12/10/2020 21:17

The tabgible book value of CRST is stiil around a third higher than it's current share price, nearly all other builders are trading at or above their book price now. Still very good value in my view.

[arja] 12/10/2020 13:17

intra day dip and regretting it as only building stock down today I think . Hoping it will bounce later in day but not looking likely !

[arja] 12/10/2020 13:16

bought CRST after the

[investor73] 09/10/2020 10:54

There's plenty of upside left in this sector and particularly CRST IMO. GLA

[imastu pidgitaswell] 09/10/2020 07:54

Well, if sikh and his general housing market/Brexit/covid misery stuff is very welcome here, then could I make a fairly obvious suggestion - that he posts it all on here (and not on the TW. thread - it is not related to TW. per se) and has a nice debate with the other side on here, as it were, and we can all live happily ever after?

[arja] 09/10/2020 07:40

try to grow up Clockwork and the only brainwashing was carried out by the right wing brexit supporting rags owned by billionaires making a fortune out of brexit . Sadly they conned the working classes in north and midlands .CRST is in a nice short term uptrend and should have more in it although might be a little profit taking today as it is a friday although US indices still bouyant looking at futures .

[cl0ckw0rk0range] 08/10/2020 22:41

They don't engage with the board unless they choose too and spend their time broadcasting negative macro market posts principally on TW.Troll.

[sikhthetech] 08/10/2020 16:02

CJohn,

It's always best to read both bull and bear posts and form your own opinion.
I've been consistent in my views over the past few months and the HBs have fallen due to the events mentioned. Look at HB statements and look at the share price The downtrend over the past 6 months is clear to see.


There are several uncertain events coming together during this qtr. I've never seen so many uncertain events coming tog

My concerns include:
Help to Buy for 2nd homes ending within 6 months and the scheme ends for all in 2023.
Temp Stamp Duty hol ending within 6 months.
Currently there are no plans to extend these.

furlough scheme ending in 3 weeks, job losses.
Mortgage pay hol ending in 3 weeks, repossessions will increase.
Eviction ban lifted, so repossessions will increase.

Ongoing investigation into leasehold scandal.

Brexit, US elections, China aggression.

Imastu claims to have me on filter but knows what I'm posting...lol


Everyone should read company/sector newsflow and form their own opinion..

[imastu pidgitaswell] 08/10/2020 15:26

Fair enough - as I say, see what you make of him. And whether you have quite the same level of tolerance in a couple of months...

:-)

[cjohn] 08/10/2020 15:24

I'm still holding here, in spite of the various possible headwinds in the housing market. Still decent value compared to assets, and management has taken the usual COVID palliatives.

Hi, imastupidgitaswell, my feeling is we can cut a lot of slack to some of the more unusual posters on here. (I mean on ADVFN.) I don't mind reading negative macro- or micro- posts about shares I hold. Even when the poster's repetitive and broadcast-only.


I don't really care what the intentions of the poster are either. If they are saying something potentially useful, that's good enough for me. What does it matter if they are in a tiny world of their own?

Macro-generalities about the housing market are just that; most minimally savvy investors are well aware of the extreme fragility of the economy. It's something to keep in mind; especially as the market continues to throw up bargains as a result.

[salver2] 08/10/2020 14:36

As soon as investors chronicle had a sell rating on these at1.90 I bought a huge amount - At 2.40 they are still under their asset value by approx 30 percent.These rags like investors chronicle and money week are there to lose people money

[arja] 08/10/2020 14:28

CJohn,
I agree with you and I bet they are brexiters ! Actually CRST and building stocks in nice short term uptrend and good day trading stocks at present using CFDs as no SD /

[ny boy] 08/10/2020 13:21

The start of a nice recovery, a survive & thrive play

[imastu pidgitaswell] 08/10/2020 08:44

2635 - if you read the TW. thread you will see where clocknmdcvbfmd is coming from. Day after day of grinding, unrelenting, negative generalities about the housing market. Nothing about the company, nothing about the numbers, nothing specific, just macro-level trailing of uncertainties and why they *must* result in TW.'s share price declining.

I now have him filtered, mainly because he would not answer a couple of very simple questions, one of which was why he did not put all this incessant housing market negativity on the other housebuilder threads. I think that post above is an attempt to say that he is doing. The reality is that he doesn't because he doesn't get any engagement, except on the TW. thread.

I too am all for constructive negativity - doubt, uncertainty, nuance etc is important, and equally it is important for views to be challenged - but that is not what he does. He will never acknowledge or consider any point of view other than his own - and just transmits. The current (highly lucrative) 20% rise off the bottom in a week or so for TW. notwithstanding.

Make of him what you will, but see if you can see any variation to the theme. I never did.

[salver2] 08/10/2020 08:31

If I were Berkeley homes I would be looking to take out Crest Nicholson - obvious synergies and trading at well below asset value - a bid of around 3.10 should do it!

[investor73] 06/10/2020 20:17

UK housing market predictions: what to expect from the 12 months ahead.

hxxps://www.buyassociation.co.uk/2020/10/05/uk-housing-market-predictions-what-to-expect-from-the-12-months-ahead/

[salver2] 05/10/2020 17:01

The stock market is forward looking and that’s why house builders are under valued - what other sector is as cheap as house builders - maybe insurance sector but there is real value at these prices

[sikhthetech] 05/10/2020 12:08

Investor73,

The HB and housing market are being supported by the government - temporary Stamp Duty Holiday and Help to Buy.

The Help to Buy scheme for 2nd homes and temporary Stamp Duty both come to an end on 31st March, less than 6 months away.
What will happen to housing market once those schemes end?


Furlough ends in 3 weeks, mortgage payment hols end in 3 weeks, eviction ban has been lifted. On top of that there's uncertainty over brexit, US Presidential Election and the economy.

The consequences of H2B for 2nd homes and temp Stamp Duty hol ending won't be known about for a few months. The consequences of furlough/mortgage payment hols ending, Brexit and US Election will be known about during this Qtr.

I wouldn't say HB are cheap until there is some more clarity on the above.

[investor73] 05/10/2020 08:58

The housing sector still seems cheap.