Crest Nicholson Share Discussion Threads

[dicktrade] 26/4/2023 20:06

Quiet boards are the best .
Noisy ones are usually the sh@@te ones .

[lorse] 26/4/2023 19:59

Doesn't seem to have much of a thread going this share, must be some P/E boys circling..

[ayl30] 26/4/2023 18:48

Up 7% and not a single post? What's going on?

[marktime1231] 18/4/2023 17:19

This has been a welcome recovery in the share price No news nor bid rumour that I can see. So based I think on a sectoral observation that housing demand is holding up and extreme fears about a recessive UK economy are proving unfounded. Several commentators and analysts have printed negative statements though, as if CRST is the builder everyone loves to hate, pointing to the cost of replacing dodgy cladding ... more than the £140M provision?

Despite which buyers really piling in.

The forward p/e is only around 11 even if CRST suffers an eps decline from 42p to 25p, at which level the dividend still looks safe. I might defy the anti-CRST narrative and hold on for some good news in June.

[salver2] 18/4/2023 12:29

No I was just making the comment that there is a lot of money out there seeking to park it in undervalued situations

[lochgarman] 18/4/2023 11:39

likely to be a bid..............

[cowie19] 18/4/2023 11:32

Something very nice going on here, nice rise today

[boystown] 18/4/2023 10:23

When you say "next" salver2, what was the previous takeover by PE; something in the housebuilding sector?

[salver2] 18/4/2023 10:16

Is Crest next for private equity-still trades less than 30 percent below book value?

[clarky5150] 27/1/2023 18:30

Crest lagging behind the sector again today. A fantastic mid term buy and hold IMHO

[essentialinvestor] 18/1/2023 10:15

IC gave CRST a Sell, although as a contra signal that may be useful.

Tbf I get their point about uncertainty on future post Grenfell remedial work costs.

[value hound] 17/1/2023 14:25

All fair points - it's a bit of a perfect storm for house-builders. OTOH, current assets less all liabilities amount to 306p per share, so there is that.

[sikhthetech] 17/1/2023 14:11

Help to Buy ended at end of Oct.

The scheme gave FTBs upto 20%(40% in London) 5 yr interest free loan.

The scheme ending has yet to impact HBs. It's still early to see it's impact.

Tax rises, energy price rises, mortgage interest rises all impact affordability. Tax and energy price rises from April onwards.

[salver2] 17/1/2023 14:07

That typically useless broker gem was on 14 Dec 2022 -since then it’s broadly only been up

[casino444] 17/1/2023 14:05

it's all a game to them , jp will now buy in cheaper over the coming months

[porsche boxster] 17/1/2023 12:34

Regarding JP Morgan broker's note - this seems odd given that JPM were recently a 5% holder

[porsche boxster] 17/1/2023 12:34

Decent results and I like the statement on selective land acquisitions - an opportunity to steal a march on its competitors.

I see this as a progressive and well-managed business and am very happy to hold.

[salver2] 17/1/2023 10:44

I thought so as well those idiot brokers no nothing J p Morgan reduces their target from 2.40 to 1.70 and put them on what they called negative catalyst watch! Do J P Morgan think a profitable housebuilders is worth less than half their assets - oh by the way J P Morgan the share price is 2.65!

[deadly] 17/1/2023 10:29

Decent results today.

[nobilis] 01/12/2022 23:25

Monthly changes can be blips, but the UK's largest lender, Lloyds, is planning for an 8% price fall next year.

[essentialinvestor] 28/11/2022 19:04

Mark, there may be additional liability on the cladding issue,
one of the reasons CRST are holding on to a large chunk of cash.

[marktime1231] 24/11/2022 15:10

Mulling over last week's trading statement. A good full year financial performance and considerable net cash representing about half the mkt cap, justifies the "robust" strapline. No reason why we should not expect a 12p+ final dividend, which would cost about £32M. Understandably shelving expansion plans with forward sales down about 20% on last year. No attempt to predict future financial performance which will obviously shrink but could remain profitable, Truscott clearly keeping focus on margins.

Surprising then that CRST is still trading about 150p or 40% lower than this time last year, the drop has built in an extreme worst case and does not properly value the business or the dividend.

[orinocor] 29/9/2022 12:48

Well timed purchase by the ceo lol

[montyhedge] 25/9/2022 18:26

I watch you two on you tube, great. Take a look at Glencore, especially with winter the price of Newcastle coal should boost profits from that division.