Crest Nicholson Share Discussion Threads

[1gw] 24/6/2016 11:55

I think I've bought quite a lot back there at some price under 460p. All a bit confused with the volatility so I have to wait to see what price it actually went through at.

This morning's fall feels like an over-reaction to me. Certainly at the recent analysts' presentation Crest themselves were relatively relaxed about the impact of a brexit vote on their Fy19 target (see post 1440 above). But of course if there's a dramatic & sustained drop in UK house prices all bets are off.

[gbh2] 24/6/2016 09:28

It's too soon to say imo.

[adamb1978] 24/6/2016 08:56

Are housebuilders a buying opp this morning or falling knife?

[gbh2] 24/6/2016 08:40

Looks like I could have got them much cheaper !

[gbh2] 23/6/2016 21:29

I couldn't resist buying back most of my CREST shares when the price dropped 14p.

[1gw] 23/6/2016 21:09

I sold my Bellway position today, so now approx. 11% in UK housebuilders (TEF and CRST) and 11% in cash. Defensively positioned I guess so likely to miss out to some extent on a "remain" relief rally, but easier to sleep at night that way...

[gbh2] 23/6/2016 15:40

I've sold half my holding today, so the market can do what it wants tomorrow, I have cash in reserve:))

[1gw] 22/6/2016 12:00

Sold some more at 582p. The "brexit" risk looks very asymmetric to me now - with the risk of a big fall in shareprice if we get a "surprise" out vote.

Crest Nicholson still in my top 10 holdings but no longer top 5. I now have just 13% in housebuilders (TEF again my biggest housebuilder position) and about 9% in cash.

[gbh2] 21/6/2016 11:02

I bought more under 568p this morning :))

[1gw] 21/6/2016 10:40

Sold some at 571p. Continuing to play the volatility...

[gbh2] 20/6/2016 07:38

Could be knocking on the door of 600p again today.

[speedsgh] 15/6/2016 09:25

Crest Nicholson still a ‘buy’ despite Brexit concerns -

House builder Crest Nicholson (CRST) is operating in a volatile market but its high yield means it is a good bet.

Shore Capital analyst Robin Hardy retained his ‘buy’ recommendation and ‘fair value’ of 607p on the stock following full-year 2016 results that reported profit before tax of £72.6 million. The shares fell 7.1% to 520.5p yesterday.

‘This is still a stock that we like as it is a stock pushing for growth and offers a very high yield and more attractive, in our view, as it is a running yield rather than a special,’ he said.

‘Crest remains our only outright “buy” in the sector and we retain our fair value at 607p. The sector is set to remain very volatile until the Brexit question is settled but we still see a possibility of a “relief rally” in the event of a remain vote. As we continue to see pressure of sector ratings overall, we see generally limited upside and would continue with the policy of taking profits and executing a rotation either fully out of the sector or an internal rotation out of the sector’s large caps into smaller and mid-caps.’

[aishah] 15/6/2016 08:24

Goldmans CONVICTION BUY and 755p target
HSBC BUY. ups target to 830p from 800p.

[philo124] 14/6/2016 20:15

Me too with Bt. Head and Shoulders looks completed here but will wait for sub 510p I don't hold but this looks good value.

[gbh2] 14/6/2016 20:07

I bought too soon, could have saved 5p a share by the end of the day.

[1gw] 14/6/2016 12:01

Bought one chunk back at 523p.

I notice they seem to be guiding to a bit over 60p eps for the current year in the results. 9.1p dividend said to be approx. 1/3 of total, which will be covered 2.25 times. So 2.25 x 9.1 x 3 = 61.4.

[speedsgh] 14/6/2016 09:54

AISHAH - Agree but would be nice to have a top-up opp below 500p ;-)

[aishah] 14/6/2016 09:15

Peel Hunt reiterate BUY and 700p target. Run your winners long term imo.

[gbh2] 14/6/2016 08:51

Drop looking silly given the results and dividend increase !

[salpara111] 14/6/2016 08:11

Under normal circumstances those results would have seen a 5-8% pop in the share price
It just goes to show how far we are from normal times!

[1gw] 09/6/2016 16:22

And some more gone at 582p. Incredibly volatile at the moment. I would like to buy at least some of them back before the referendum and maybe even before the results so now hoping for a bit of weakness over the next few days.

[1gw] 06/6/2016 10:48

And some more sold at 562p this morning.

This is now back into the chasing pack in my portfolio, currently 5th biggest holding and for the first time in a long time not my biggest housebuilder holding (which is now Telford Homes by a small margin).

[1gw] 01/6/2016 16:12

Don't like the way it seems to be heading back into the trading range, so I've taken some more profit at 5.75 in case brexit or other fears take us back down towards the 500p level again before the interims.

Still my 2nd biggest holding.