Crest Nicholson Share Discussion Threads

[orinocor] 13/9/2022 10:19

The CEO has just bought 85,000 at £2.2848

[orinocor] 13/9/2022 10:17

A reminder

The Board has declared an interim dividend of 5.5 pence per share, payable on 13 October 2022 to shareholders on the register on 23 September 2022. The dividend represents approximately one third of the dividend expected to be paid in respect of the financial year ending 31 October 2022.

[beckers2008] 10/8/2022 16:13

As I have alluded to on another HB BB, it is only a matter of time when a US company starts to buy up a UK HB, especially as the pound is so weak.

Star V Partners LLC - Boldhaven Management from Tennessee USA
Have just purchased 5% of CRST!

[essentialinvestor] 17/6/2022 16:43

Joined you today for a very small amount.

Would view this as speculative given weakening macro
but may be interesting longer term. Trading below NAV but
there may be potential hits to land values if we are heading for recession.

[salver2] 14/6/2022 08:17

Stripping out the cash this is on a pe of less than 5 - silly prices on offer

[salver2] 31/1/2022 10:09

The CEO is not wrong - he’s picked up shares at a 20 percent discount to assets - these are prices that you normally only see in a housing bust - but they are booming!? - I understand interest rates are on the up but this doesn’t make sense

[ali47fish] 28/1/2022 17:19

is ceo buying 30000 shares

[value hound] 19/1/2022 10:12

Yes - very good. They look to be worth more like 450pps / c.£1.15bn, but then house-builders and all that macro sentiment fear / inflation / interest rates / overvalued housing in relation to wage levels etc.

Personally, I just hope they get the yield back up towards the kind of level it was at pre-pandemic - but they don't give any clue re future dividend intentions AFAICS. DAK what the brokers have pencilled in for next year / the one after?

[deadly] 19/1/2022 09:53

Results look pretty good:

Adjusted basic earnings per share(p) 34.0 (14.6)

[wilkie_hk] 08/12/2021 12:41

There is a trend amongst house builders that if you pick up the shares late December and sell around April 1st, you will have beaten the market in something like 20 out of the last 23 years (Investors Chronicle did an article on this about 4 years ago). I think the average outperformance averaged around 10%. All the indicators are that this will play out again this coming year. I have made this play a number of times and done quite well out of it.

[salver2] 18/11/2021 19:19

This is starting to look very undervalued - the market clearly doesn’t think housebuilders profits are sustainable

[wilkie_hk] 01/7/2021 08:16

This seems to be the 'tart's draws' of shares since April. On this basis I did pick some up on the sharp drop on Friday to trade, having been out since April at 415.5p. I had intended staying out until October on the basis of historical share price trends with housebuilders. However, got back in at a net cost of 1.5p over my previous selling price. Still intend to get out again at 440p plus (I should have sold out on Monday - grhh!) and will keep buying back in if the price falls below 420p. Looking at the share price trends of late it would appear that this strategy could yield decent compounded gains. In reality, I will probably be fortunate if I can achieve just the first trade at 440p and then stay out til October.

[ali47fish] 14/6/2021 09:36

when is the next update anyone please

[b1nky] 16/4/2021 22:13

Same sector.

[b1nky] 16/4/2021 22:13

There is an RNS

[ali47fish] 16/4/2021 19:30

sorry but why report under crest here- iam also invested in kier. i sthis aghood deal for kier?

[v11slr] 16/4/2021 18:52

Kier Group PLC - Manchester-headquartered construction firm - Sells Kier Living unit to Foster BidCo Ltd for GBP110 million. Newly-formed Foster BidCo is owned by Guy Hands, chair and investment chief at private equity firm Terra Firma. Buyer pays non-refundable deposit of GBP40 million. Sale need approval from Kier shareholders at general meeting planned for early-May. Kier says sale will "facilitate a material reduction in the group's net debt" and "reduce the volatility of the group's working capital".

[ali47fish] 16/4/2021 18:36

b1nky-is this true no rns!

[b1nky] 16/4/2021 17:37

Guy Hands just bought Kier Living for £110m

[wilkie_hk] 12/4/2021 18:00

Well, the housebuilders have a trend of outperforming the markets from December to end April by 11% on average over the last 24 years or so (IC Article from 2018 I believe). Having made this play successfully in the preceding two years selling before ex div, last year I decided to hang on for the bumper divi, which was disastrous. Anyway, out again for this year at 415.5p a week or so ago, so will see what plays out. Am looking keenly at Aviva in the meantime, which disappointed me in bucking the market today.

[deadly] 23/3/2021 11:41

Decent AGM statement today. Bodes well.

[undervaluedassets] 04/3/2021 07:37

The government is going to incentivise home construction in the UK, isn't it.

It is the only game in town.

In for a few

[sikhthetech] 29/1/2021 15:52

Stamp Duty hol ends 31st March.
Help to buy for 2nd homes ends 31st March.



From results:
"The backdrop for the UK housing market remains positive. There continues to be an imbalance of supply and demand. Although there is a long-standing affordability gap, especially for first-time buyers, the Government has demonstrated its support in a number of ways. Their stated commitment to simplify the planning process and extending programmes such as Help to Buy, and suspending Stamp Duty for properties under GBP500,000 until 31 March 2021, indicate a willingness to address both supply and demand activity. In addition, COVID-19 has triggered a number of changes to the balance of office and home working which is encouraging customers to consider their living arrangements. As a result of the decisive action we have taken in simplifying our business, and reducing our cost base, we are well positioned as we enter 2021."


Parliament is debating whether to extend the Stamp Duty hol on Monday.

[simba_] 27/1/2021 11:25

Barclays and Jefferies both raise price target today. 330p and 335p. .