Crest Nicholson Share Discussion Threads

[salver2] 23/1/2024 09:21

They are debt free with a 40 percent discount to net assets in an improving market you could argue why aren’t they higher!

[spawny100] 23/1/2024 09:16

I'm surprised this is still above £2 on those poor results - even acknowledged as such by management in the RNS.

[spawny100] 23/1/2024 08:42

Dividend going back to 2.5 times cover in future years. A cautious level but looks likely to be a cut surely?

[earwacks] 15/1/2024 20:12

Barclays updated to overweight and 2.60 target just before Christmas. Paul Scott thought 5 percent fall was about right for yesterday’s news, but it regained most of that fall by close. He again reiterated vulnerable to takeover. Appears to be a small short on it last week, which seems a bit reckless in light of the news all being out now apart from actual results, and a real possibility of a bid. Lot of argument about valuation. Clearly there is strength in the price at this level and there were some reasonable size purchases. The improved housing market also adds too the attractive asset value. Quite honestly everything is risky in current climate. If you don’t like risk don’t play. If you do there is money to be made here imo.

[lafiamma] 15/1/2024 16:37

Thanks Porsche, makes sense and I agree :)

But apart from John Crace from The Guardian who else is speculating on a takeover? I've not seen any other talk anywhere... was he holding a boatload of shares and wanted a bounce to get out after today's ugly open?

I took advantage and sold half of mine in the last half hour.

[porsche boxster] 15/1/2024 15:41

I can see CRST attracting a takeover.
Simple terms - £550m mkt cap divided by its short term landbank of 15,000 plots = £37k/plot.
Builders are paying double that plot value for short term land in Crest's operating area.
Plus a strategic landbank of c.22,000 plots.
It's a simple view but, to me, it doesn't seem a demanding valuation and is a great play on the UK's broken planning system!

[lafiamma] 15/1/2024 12:47

www.theguardian.com/business/2024/jan/15/uk-housebuilder-crest-nicholson-warns-profits-takeover-interest-rates

Takeover speculation... really!?

[sikhthetech] 08/1/2024 13:17

Crst expecting to issue their TU on 23rd

TW/PSN are reporting theirs this week.

[runster] 08/1/2024 09:58

Hard to maintain a target already 10% exceeded.

[dicktrade] 08/1/2024 09:07

Barclays up their share price target to 258 from 200

[runster] 08/1/2024 08:47

My feed says there's an RNS, but the latest one in the list is dated Nov 2023.

[spawny100] 08/1/2024 08:39

What's kicked this one off today?

[dicktrade] 08/12/2023 13:08

A close over 200p would be bullish

[lafiamma] 08/12/2023 11:17

JP Morgan continue to reduce their short position, but they've still got just over 1 million shares they need to buy back to close it completely :-)

[lafiamma] 30/11/2023 12:28

Those big 100,000 / 200,000 trades that have been relentlessly hitting the tape every 30mins or so over the past couple of days appear to have stopped as of about 9:15am this morning. I don't think it's a coincidence that the share price has now started to (hopefully) catch up to the BDEVs and TWs of the world which are currently breaking out to one year highs...

[spud] 25/11/2023 08:42

The Company is pleased to announce the appointment of Dr Maggie Semple OBE as Non-Executive Director with effect from 1 January 2024.Maggie is currently a non-executive director at Phoenix Group Holdings PLC and is the owner of three businesses: The Experience Corps Limited, Maggie Semple Ltd and I-Cubed Group Ltd. She has wide-ranging experience as a non-executive director in a number of different organisations, such as Her Majesty's Court Service, the Criminal Cases Review Commission, the Ministry of Justice (Chair of Audit, Risk & Compliance) and McDonald's Restaurants .spud

[beckers2008] 16/11/2023 10:07

Sikhthetech and sunshine Today,

You have not posted for nearly a month!
We miss your informative advice, lol!

Please come back, lol!

I wonder why you are not contributing?
Someone's got to keep the bad news flowing...
Are you spent? Lol, just lol!

[spud] 16/11/2023 08:31

Predictable results in the current environment.spud

[ali47fish] 14/11/2023 22:09

i am down a lot spud so i hope you are right- it used to be great!

[spud] 14/11/2023 17:55

This one is a small cap exception for my retirement investing strategy now Ali - The majority of mine are high yield FT100 companies.

In a word, massively undervalued.

spud

[ali47fish] 14/11/2023 16:52

spud you are normally in the small cap arena why are you so crazy about crest

[spud] 14/11/2023 16:29

Can't buy above £1k atm.

spud

[spud] 04/11/2023 10:34

The Company announces today that Lucinda Bell has notified the Board of her intention to step down as Non-Executive Director having completed six years with the Company. Lucinda will resign from the Board on 31 December 2023. Her replacement will be announced in due course.spud

[spud] 25/10/2023 10:50

And my next buy order has yet to be triggered. spud