Crest Nicholson Share Discussion Threads

[1gw] 07/12/2016 13:06

Looking good, dare I say...

[salpara111] 02/12/2016 13:53

Well Berkeley homes is up 8% today and we are down 1%
the market for housing stocks is a bit crazy at present!

[montyhedge] 24/11/2016 19:55

InterestingLondon Property Prices May Be Falling Faster Than You ThinkBy Dara Doyle - 24 Nov 2016, 13:31:23Automobiles sit in the streets outside rows of residential housing in this aerial photograph taken over London, U.K., on Tuesday, June 16, 2015. About 32,000 new homes a year are expected to be completed in London for the next five years, about 10,000 less annually than London Mayor Boris Johnson's target, broker Savills Plc said in March. Photographer: Matthew Lloyd/BloombergU.K. real estate prices may be dropping at a much faster pace than official reports indicate, according to the Irish agency that manages property loans acquired from bailed-out banks.Reports since Britain's vote to leave the European Union point to the value of land in central London declining by more than 10 percent in the past year, while house prices are 11 percent below their 2014 peak, said Frank Daly, chairman of Ireland's National Asset Management Agency, known as NAMA."Our analysis suggests that the fall in U.K. prices may be much higher than official estimates," Daly told lawmakers in Dublin on Thursday. "Analysts are forecasting that prices will fall further over the coming years, partly in response to a weakening economy and to the likelihood that companies will move staff overseas in response to Brexit."Irish ministers and executives are closely monitoring economic and market developments in the U.K. because the country is Ireland's largest trading partner along with the U.S. Earlier this month, Stephen Vernon, chairman of Dublin-based Green Property, said London's real estate market is "tanking by the day." Office values in the City of London financial district fell the most in at least seven years in July after the Brexit vote in June, according to CBRE Group Inc. Home prices in the U.K. capital fell for a fifth month in August, the worst streak since 2009, as higher taxes and the referendum result damped demand.Explore Housing Prices in Londonproperty_HPNAMA took over billions of euros in risky debt following the financial crisis in 2008 and Ireland's international bailout. The agency's debtors have 800 million pounds ($995 million) in assets located in Britain, down from 12 billion pounds in 2011. Among loans NAMA took over were those linked to the Battersea Power Station site on the banks of the River Thames. It sold them on in 2012.More articles on London

[mortimer7] 16/11/2016 16:25

Another one:-
Numis Securities Ltd, reiterated Rating: add. 542p.

[1gw] 16/11/2016 09:05

3 brokers expressing an opinion since the TU according to nandp:

700p target (Buy) Peel Hunt
595p target (Overweight) Barclays Capital (target up from 578p)
550p target (Overweight) JP Morgan Cazenove

[jq1984] 15/11/2016 13:31

Yup. To be expected.

[1gw] 15/11/2016 10:10

And there's some "sell on the news" I think...

[1gw] 15/11/2016 08:16

No obvious "sell on the news" yet. Very good read, the TU. "There has never been a better time for housebuilding..."

It would be nice to see it back in the pre-brexit vote trading range with £5 as the lower end...

[philo124] 15/11/2016 08:06

500p looks on.

[ayl30] 15/11/2016 07:21

Looks very positive to me all dials on dashboard pointing in right direction. Let's hope market likes it

[philo124] 15/11/2016 07:18

No surprise in statement.

[jq1984] 14/11/2016 18:42

Tomorrow! Thanks guys. I guess that is maybe the reason for the increase today.

[nigelbarker] 14/11/2016 16:56

its an update tomorrow and Barratt on Wednesday. Easyjet is also tomorrow. So quite
an interesting few days.

[1gw] 14/11/2016 16:41

7am tomorrow I think!

[jq1984] 14/11/2016 16:38

Also, does anyone know when the trading update will be released. I see a few people have mentioned it being soon.

[jq1984] 14/11/2016 16:34

Hi. I've been reading this forum for a while and finally decided to register. I expect a big sell off tomorrow or in after hours. I can't see the stock holding on to the rise today.

[1gw] 14/11/2016 16:17

Well that's a very nice move today, whatever the reason. Just have to hope we can build on this tomorrow instead of having a "sell on the news" moment.

[1gw] 14/11/2016 10:20

Looks like it. I haven't noticed any other housebuilders spiking like Crest has just done. Could be someone reducing a short ahead of the TU, but it's a fairly big move.

[nigelbarker] 14/11/2016 10:18

is something afoot

[1gw] 09/11/2016 15:22

Well since I was fully invested yesterday, feared the worst this morning and the financial world hasn't come to an end today after all, I've decided to take profit on the tranche I bought on 17th October at 407p, selling at 426p.

Crest had become my biggest holding and is now back to 2nd place. After seeing the Redrow statement this morning, feeling very good about the prospects for next week's TU, but just scaling back my exposure a bit.

[bigbertie] 08/11/2016 12:57

Report on Bloomberg today says number of luxury homes built in London has been rising for several years and the number of those unsold at completion is also rising. A possible setback to come??

[master rsi] 03/11/2016 16:51

434.90p +9.20 (+2.16%)

another good rise and now 3 in a row
with volume best of the month over 2.7M

[master rsi] 03/11/2016 16:51

434.90p +9.20 (+2.16%)
Volume

[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.