Crest Nicholson Share Discussion Threads

[master rsi] 03/11/2016 13:46

everything helps a bit so another a few pence on the rise

[1gw] 03/11/2016 10:24

Nice boost there courtesy of the High Court, easing fears of a "hard" brexit.

[gary1966] 02/11/2016 08:17

Good figures from Persimmon today with sales up 20% over the last few months.

[master rsi] 01/11/2016 22:34

From closing Market Report

Housebuilders Barratt Developments, Taylor Wimpey and Persimmon were boosted by a report that China's second-biggest property developer is in talks to buy privately-owned UK housebuilder Cala in a deal that could be worth as much as £700m. According to Sky News, Evergrande has been in talks with Cala's shareholders for several months. It was understood the two parties were still some away from a formal deal, but a source told Sky there were "serious and credible". The move by Evergrande comes ahead of a government push to deliver one million new homes by 2020.

[gbh2] 01/11/2016 11:17

Will we see an share price improvement in run up to the November Update.

[master rsi] 19/10/2016 12:43

Brokers TIPS:

Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive".

In a note on the UK housebuilding sector, the bank said that aside from a brief spike in cancellations immediately after the Brexit vote - which was largely confined to London and commuter towns - housebuilders continue to trade well.

"The EU referendum vote now joins a list of recent headwinds (a general election; the Scottish independence vote) that have failed to derail the sector. Indeed, as memory of the vote continues to fade, strong fundamentals come more sharply into focus.

"With mortgage rates at record lows, government commitment strong (Help to Buy Equity Loans remain in place until 2021) and an embarrassment of riches on offer in the land buying market, fundamentals remain intact," it said.

Barclays said trading since the vote to leave the European Union has defied expectations, while wider economic fears have also tempered. As a result, it lifted price targets on a number of stocks across the sector.

As far as overweight-rated Crest Nicholson is concerned, it pointed to a strong top-line growth focus driven by a move to higher price points.

In addition it said the company's Southern footprint captures attractive end markets. It also argued that the group has "highly-regarded land buying credentials and the fastest sales rate in the listed space".

[tattooed93] 19/10/2016 09:06

well positioned

[speedsgh] 18/10/2016 15:19

EI - Not sure I would read too much into those share sales. CEO received 549,967 in March under the LTIP, of which he immediately sold 259,393. This was then followed by another sale of 195,000 on 8/4/16. So there was still a net increase in his total holding post these sales. They also represented a fairly small %age of his total holding which currently stands at 4,166,820 shares.

Yes, it would be reassuring to see NEDs adding material amounts to their holdings but again I'm not sure I read too much into the small NED holdings.



AIMHO

[mortimer7] 18/10/2016 14:48

Quite an intraday turnaround in the SP: 395p late morning, now over 408p.

[gbh2] 17/10/2016 13:44

Problem is the lower they short it the less they have to pay when they buy back to close, which means the share price will not necessarily be back to its highs for quite some time.

[essentialinvestor] 17/10/2016 12:00

Mentioned it before but take a look at how the CEO has sold down his holding here,
great timing on many of his share sales.

[salpara111] 17/10/2016 08:32

Really don't understand why we are much closer to the panic low post brexit than from our all time high.
Every single update from a housebuilder since then has been "business as usual"
I would really like to take some more here but am pretty fully invested so will just have to wait for sanity to return.

[1gw] 17/10/2016 08:14

That's me in for some more at 405p. Really struggling to see how they can be down close to £4 again. Telford Homes came out with a statement last week in which they suggested that IPRS was getting going again ("There has been a noticeable increase in institutional interest in PRS investments..." they said under "current trading") and I would have thought that ought to read across to Crest's efforts in that sector.

[gbh2] 11/10/2016 13:39

As the value of the Pound is driven down by greedy institutions, house prices will look more & more attractive to those abroad, both foreign & home grown.

[salpara111] 07/10/2016 08:57

The fundamental supply/demand balance is stacked well in favour of house builders, so as long as mortgages remain both available and affordable and unemployment does not spike the medium term looks solid.

[1gw] 04/10/2016 09:37

Direction of policy not necessarily going against the housebuilders, monty:

"Housebuilders buoyed by £5 billion fund for new homes"

"The Government also plans to relax planning rules with a presumption in favour of residential development."

[shaker44] 30/9/2016 09:52

I agree but dont yhink we have seen bottom yet...

[salpara111] 30/9/2016 08:46

Have to confess that I didn't expect to be back at this level again.
Lots of soft housing data around at present but unless you are expecting a proper collapse in the housing market a forward p/e of less than 8 is a bit silly.

[1gw] 27/9/2016 09:05

That's me buying some more at 439p.

[philo124] 26/9/2016 17:22

Back to square 1 for me.

[gbh2] 26/9/2016 14:47

But late with that news:

"The Board has resolved to pay an interim dividend of 9.1 pence per share, payable on 6 October 2016 to shareholders on the register on 23 September 2016."

[salpara111] 26/9/2016 14:36

Nice opportunity for a top up today!

[nigelbarker] 21/9/2016 09:04

ex div tomorrow i believe

[1gw] 07/9/2016 07:59

Barratt also sounding reassuringly confident talking about trading since 1st July when their new financial year started:

"Our sales trends since the start of the new financial year have been encouraging, and underpin an increasingly ‘business-as-usual’ stance..."