Crest Nicholson Share Discussion Threads

[altom] 28/5/2016 08:41

Thank you 1gw. I wish all companies were as clear with their financial calendar for PI's.

[altom] 28/5/2016 08:40

Thank you 1gw. I wish all companies were as clear with their financial calendar for PI's.

[1gw] 25/5/2016 18:11

14th June.

[altom] 25/5/2016 17:06

Last year Interims came on 16/06/15. I assume we can expect similar timing this year ?

[1gw] 24/5/2016 17:40

That's a great close over £6 and a lovely chart...

[aishah] 24/5/2016 13:45

Now a doubler on my purchase 2 years ago. Lots more to come here. Running them. dyor

[1gw] 24/5/2016 13:42

Well that got to 600p sooner than I was expecting. Will there be a profit-taking shake-out now, or were a lot of the weaker holders taken out when it crashed through 500p in the opposite direction a month or so ago?

[gbh2] 24/5/2016 12:48

Recent broker target of 700p creating much thought, I'm tempted to wait for the results, not long to go ;)

[1gw] 24/5/2016 12:32

I'm a bit torn here. I'm tempted to sell some just because it's had such a steep rise and at 11% of my portfolio it's a big overweight. I also think there is almost bound to be a bump in the road for the remain camp which will spook investors again.

On the other hand the fundamentals still look very good to me, plus it shows real promise of setting a new closing high and maybe even breaking 600p before long. Would that trigger some momentum investing and another leg up?

So for now I'm sitting on my hands but watching very closely.

[gbh2] 24/5/2016 09:13

Looks like your 10p gamble paid off wilkie :))

[wilkie_hk] 23/5/2016 21:27

Well, I've attempted the opposite of catching a falling knife with my small sale. I'm sure that for most holding is the best policy, but I just fancied having a sell and buy back flutter.

I too expect a sight boost when the stay in result is announced, which should push us through the £6 barrier, which is why I'm keen to buy back the quantity that I have sold on any weakness. In the unlikely event of a leave vote, I would expect a decline in this stock.

[salpara111] 23/5/2016 16:42

So now that we are back at the all time high do I sell or wait?????
If we stay in Europe I can see a rally for this sort of stock.....if we vote to leave I would expect weakness.
What to do!

[gbh2] 23/5/2016 14:46

Can you really envisage a pull back prior to the results in June?

[wilkie_hk] 23/5/2016 14:44

Well, 12% of holding unloaded at 592p. Would have done 40%, but selftrade wouldn't let me electronically trade that number. I would buy back in if we hit sub 580p this week to make a few hundred profit to mitigate the loss of having my wallet stolen from my car last night!

[1gw] 20/5/2016 14:26

Well this is all very encouraging. Will we reach escape velocity this time before brexit odds change or the market frets some more about interest rates rising?

[gbh2] 18/5/2016 12:53

Always nice to see some real cash in ones account.

I've been buying & selling house builders for the last year whilst maintaining an ever changing holding :))

[1gw] 18/5/2016 12:49

Sold my 14th April purchase at 559p for another c. 10% turn.

Still my 2nd biggest holding by a considerable margin but fun playing the trading range game while it lasts.

[speedsgh] 18/5/2016 09:13

Crest Nicholson: doing what other house builders won’t -

Crest Nicholson (CRST) is the most ambitious house builder and is making headway in the private rented sector.

Shore Capital analyst Robin Hardy retained his ‘buy’ recommendation but does not have a target price on the stock following a first half trading update. The shares rose 4.6% to 549p yesterday.

‘A positive but again essentially in line trading update from the most strategically ambitious of the larger house builders showing that the planned revenue of £1 billion in full-year 2016 and the full year 2019 unit sale target of 4,000 remain well on track,’ he said.

‘In the nearer term, revenue growth continues to be driven by the substantial increase in average selling price as the repositioning of location and price point of units sold is pushed ahead.

‘Forward sales well ahead but this is boosted by the institutional private rented sector sales now running at £85 million versus £36 million a year ago. This remains one of the key attractions to Crest, that it is aligning itself to this growing market segment in a way the other larger house builders remain unwilling to accept is necessary.’

[thomasthetank1] 17/5/2016 13:20

Read Beaufort Securities's note on CREST NICHOLSON HOLDINGS (CRST), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B8VZXT93

"Crest Nicholson remains well-positioned to continue delivering strong operational and financial performance. Also, the company remains on track to reach its stated target of £1bn in revenues in 2016. Meanwhile, the land market continues to offer good opportunities as the business has maintained a disciplined approach to land acquisitions. Overall, the housing sector continues to witness strong demand for new homes due to robust employment conditions and good mortgage access. However, uncertainty surrounding the Brexit referendum may affect the company due to nationwide presence. Beaufort downgraded its overweight stance on the entire sector some weeks back, during which time the rating on Crest Nicholson was also revised downwards formally from 'Buy' to 'Hold'. Following yesterday's trading statement, Beaufort has not yet revised its recommendation but recognises that the sharp correction recently experienced across the sector now prices in much of these concerns. Anticipating a 'remain vote' on 23rd June..."

[gbh2] 17/5/2016 08:50

Looking forward to seeing the detailed results next month and their impact on dividend payments.

[gbh2] 16/5/2016 10:30

16 May Peel Hunt Target 700.00 Buy

[1gw] 16/5/2016 10:18

"Canny Crest Nicholson is only housebuilding worth buying, says Shore Capital"

[salpara111] 16/5/2016 08:42

Solid move up finally although Brexit is going to keep a lid on all the house builders in the near term.
I am still holding as I don't think that we will leave Europe and hopefully that will finally allow the share price to break out of the last years trading range.

[gbh2] 16/5/2016 07:39

Makes all the right noises, question is will the HFs continue to sell it down?

[1gw] 16/5/2016 07:16

Good trading update I think. Everything seems to be still on the growth track.

I note the reference to a PRS sale at Park Central in Birmingham - is this the "third scheme" they've talked about? I don't think there was a Birmingham site on the initial list of PRS sites given with the June 2015 presentation.