Crest Nicholson Share Discussion Threads

[1gw] 28/6/2016 10:34

Goldman Sachs downgrades from conviction buy to neutral...

May be having an impact, if true.



Edit: Although this report suggests that yesterday the target price was cut from 740p to 575p with a "buy" rating.



So not entirely clear as yet. Is this a further update of yesterday's rating change (in which case what's the price target with today's?) or are they talking about the same rating change?

Edit no. 2: And here's the same source quoting exactly the same downgrade but attributing it to Jefferies.


So maybe Jefferies yesterday, with a buy rating and 575p target, GS today with a neutral rating.

[1gw] 28/6/2016 10:28

Well that was a depressingly short-lived bounce.

[adamb1978] 28/6/2016 09:44

I would be buying more but topped up on OSB and Aviva today. CRST looks great value to me though, particularly as my expectation is that the Tory leadership candidates (esp May) say that they'll look for a Norway type agreement, which for equity markets should put us back where we were

[gbh2] 28/6/2016 08:30

Could be my imagination but this seemed to be the house builder with the most potential yet it's share price has taken a bigger beating than most.

[1gw] 28/6/2016 08:04

Trying to bounce today by the look of things. About time, some might say...

Positive statement out from Redrow this morning.

[montyhedge] 27/6/2016 18:57

Going lower you ain't seen nothing yet. Banks and house builders would not touch.

[1gw] 27/6/2016 15:00

And bought some more at 3.46.

[salpara111] 27/6/2016 13:32

Never thought I would be underwater here after holding for so long but I guess that is the fickleness of the market!

[essentialinvestor] 27/6/2016 10:45

Those director sales looking very nicely timed.

[gbh2] 27/6/2016 10:43

I don't think token buys will do much to help the price, it's simply down to when the Hedge Fund managers decide to buy back.

[1gw] 27/6/2016 10:40

Oh well, share price didn't show much hesitation at the £4 level. What chance a director buy or two to try to shore up confidence?

[1gw] 27/6/2016 09:30

Bought some more back at 399p.

[montyhedge] 25/6/2016 16:48

One Singaporean guy pull out of £35m house exchange on Friday, I think a lot more to come as overseas buyers say goodbye London.

[wilkie_hk] 24/6/2016 20:14

I picked up a few at 445p. Tried to pick up some more from 16:00-close at 431p but selftrade's electronic trading platform wouldn't let me. So long as interest rates don't shoot up in the next couple of years, there is still a huge undersupply so this should be a sound purchase. However, it is undeniable that we are now entering a protracted period of political and economic uncertainty, so fingers crossed.

On a side note the only real issue for me with Remain was the open borders and the surge in population. In Bournemouth we have seen our population increase from 158,000 to projected 201,000 in 2021, which will take our connurbation up over 500,000. This has put a huge strain on the area in many respects. So this is a really sensitive issue to me. Nationally, the population is projected to increase from 58M in 2001 to 74.3M in 2039. The government far from seeing this as a problem almost seemed to be celebrating it. I'd rather have no economic growth and have future generations able to afford to bring their families up in houses (by virtue of a greater supply to meet a smaller population demand), rather than seeing the children's toys and prams squeezed onto the balconies of flats as is becoming a regular sight in my town. Anyway, I am sad that the governement's of Europe (including the UK government)couldn't have recognised the UK as a special case and only allowed the permanent migration of skilled workers and then had the manual workers (fruit pickers etc) on strictly applied guest worker visas. I don't believe that even the leave campaigners thought we would realistically vote to exit (Farage allegedly admitted defeat after 10pm). In expectation of defeat I suspect that the Tory brexit camp had expended relatively minimal effort in formulating plans on how to move forward to implement Europe free governance and trade deals. We will now need a government of head down grafters to implement this. Written by someone who was truly on the fence.

[gbh2] 24/6/2016 15:34

I've just sold off my VOD and sunk it here, the drop is way over done imo.

[philo124] 24/6/2016 14:56

Just bought here, modestly.

[adamb1978] 24/6/2016 14:48

I struggle to see why house prices will plummet. If I was thinking of moving house, I might decide to put it off 6 months, but I wouldnt suddenly mark it down by 20%. Perhaps forced sellers will drop their prices and volumes will be lower, but we're a nation of home-owners and borrowing costs are cheap...housebuilders will build and people will buy

[salpara111] 24/6/2016 13:04

Took some more first thing. The drop was wildly overdone.

[gbh2] 24/6/2016 12:04

I've spent what was left of my cash and increased my Crest holding to 15% of my portfolio.