Crest Nicholson Share Discussion Threads

[clarky5150] 27/1/2021 10:27

Crest bucking the sector trend today

[drectly] 26/1/2021 17:56

So if profits about 75m in 2021, then very approx divi 10p FY and then 2022 at circa 150m then about 20p divi. All depending on Covid issues being mainly resolved, but looks OK to hold and just wait for things to sort out.

[clarky5150] 26/1/2021 14:48

As long as there is jam, I am a patient man.

[pete123456] 26/1/2021 07:46

Jam tomorrow

[clarky5150] 10/1/2021 10:41

Another heathy week for CRST. Been trading in this range for a while along with TW whos interims are out next week so assume divi positive news and a breakout to the upside. Both are trading some 25% lower than piers after the divergence around May time. I expect this to close positively for CRST and TW in the near term as oppose to negatively for Persimmon et al.
Cant see a takeover happening. Rumours always good for a short term price bump tho.

[salver2] 02/1/2021 15:17

Crest Nicholson takeover target in today’s Times

[salver2] 03/12/2020 20:14

The 1.90 sell recommendation 3 months ago was when it went through the roof - whenever investors chronicle say sell - buy you’ll make a fortune - this is actually despite the rise only trading at around asset value

[boredinberkshire] 03/12/2020 19:49

Great week for Crest and the highest it’s been since the COVID cliff edge. £3 seems a solid base here and I think we’ll easily be £3.50 by year end. Crest far more volatile than the other house builders so now share price simply catching up with others that have recovered quicker. Berkeley results tomorrow may provide a bump too.

[imastu pidgitaswell] 18/11/2020 10:50

Well done CJohn. Really well done. I will have that beer, after TW.'s recent performance...

Much against my better judgement, I have just wasted time trying to counter his irrationality on the TW. thread. I think I have failed. Some people just cannot engage normally - I knew this yet went ahead anyway.

Einstein and his definition of madness springs to mind...

😎

[value hound] 18/11/2020 10:24

I've recycled the cash into another company trading at a deep discount to asset value.

Come on then CJohn, out with it! :-) I want to see if I'm already in there. Good stuff from WYN today, by the way.

[sikhthetech] 17/11/2020 20:24

CJohn,
Well done on your profits from Crst.

[cjohn] 17/11/2020 19:42

Well, I've taken profits on CRST.

I've bought twice this year at close to 160 and sold first time for 60%+ gain in a few weeks and this time 90%+ gain in a few weeks. Absurdly cheap at 160 compared to asset value. Not often you get such clear-cut opportunities.

I've recycled the cash into another company trading at a deep discount to asset value.


Good luck to all holders.


mastu pidgitaswell3 Nov '20 - 09:27 - 2681 of 2692
0 0 0
CJ - Having fun? (Not yet been 1 month...)

😁



Was it only one month? Stone the crows! You warned me right from the start! Spot on! Have a beer on me!

[cl0ckw0rk0range] 16/11/2020 21:20

Trying to lure more sheep into TLY

[salver2] 16/11/2020 20:12

Where is Sikhtech who has called everything wrong

[drectly] 15/11/2020 20:26

It would be interesting what Crest assets are worth at realistic sales value.

[salver2] 15/11/2020 19:20

A bid coming for countryside properties Housebuilding arm would make Crest Nicholson with its undervalued land bank look cheap

[thewheeliedealer] 10/11/2020 16:15

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes CRST and thoughts around the Housebuilding sector. We also chatted about loads of other Stocks and Ideas for research with a particular slant on potential Takeover Targets, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 35) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[cl0ckw0rk0range] 03/11/2020 15:00

No he's just trying a new way of getting his opinion down your throat re HTB schemes. Horrid little man.

[salver2] 03/11/2020 12:31

Is that sikhtech agreeing with us or has he really lost his marbles?

[cl0ckw0rk0range] 03/11/2020 12:26

Sikh, go and stick your head in the oven again you still aren't done.

[sikhthetech] 03/11/2020 10:46

The share price rose because they have reinstated the dividend and trading is ahead of expectations. Also markets up today.


The trading has benefited from the temp Stamp Duty hol.
Stamp Duty hol and Help to Buy for 2nd homes end 31st March, so 5 months time.


"The release of pent-up demand, whether due to customers putting off moving because of Brexit uncertainty or subsequent COVID-19 disruption, and the benefits of the Stamp Duty holiday, have supported near-term confidence levels in the housing market."

" We are also appreciative of the Government moving quickly to reopen the sector and taking the decision to temporarily suspend Stamp Duty. Confidence in moving home and stability of house prices will be a critical part of a successful economic recovery from this pandemic."

[sikhthetech] 03/11/2020 10:41

Cjohn,

"assets are totally irrelevant in abnormal times like these."
"there is nothing abnormal about the current market situation: crises recur every few years."

Read my last post, you're completely missing the point, particularly my point.
"The Book value didn't stop the share price from falling over the past few months, proving that it was not relevant."

My point about the major uncertain events coming together in a short space of time, Q4(current), was made months ago. Whereas, you're talking in hindsight - you are taking what I said a few months ago and making it 'current'. ;-)

There will always be trading opportunities.


When have there ever been:
Global health crisis, biggest health threat in 100yrs.
AND
US Election
AND
Brexit
AND
China Aggression

coming together within a 3 month period, ie this Qtr?

You normally get 1 or 2, which in themselves could a stock market crash but not 4.

Now we're in Qtr4, US Election, Brexit will get resolved soon, so they won't be major uncertain events any more, will they?

[deanmatlazin] 03/11/2020 09:38

- Good sales performance through the second half of the financial year with current sales rates remaining robust and slightly ahead of the pre-Spring lockdown level


the share price before pre-lockdown level was £5. This should go back to £5 very soon!!

[imastu pidgitaswell] 03/11/2020 09:27

CJ - Having fun? (Not yet been 1 month...)

😁

[cjohn] 03/11/2020 09:10

Yes, assets are totally irrelevant in abnormal times like these.

After all they can't stop the price from rising or falling or staying the same. And that goes for all other markers of value too! Earnings, dividends, net cash: all that can't stop the share price from rising, falling, staying the same.

Therefore all totally irrelevant.

What a ridiculous argument!

Honestly, sikthetech, do some reading about value investment. You are completely wrong-headed on this. Your whole argument is a non-sequitur, because you haven't understood the relationship between markers of value and buying and selling decisions.

It's precisely at times of deep crises like these that asset value is invaluable as a marker of value.

BTW there is nothing abnormal about the current market situation: crises recur every few years.