Crest Nicholson Share Discussion Threads

[dov] 15/11/2017 10:56

my guess 4.75 today. January next date for something positive perhaps.

[pillion] 15/11/2017 10:23

Not sure where Boyle gets his p/e and divi from


More like P/E 7.9 and divi of 5.6%

[speedsgh] 15/11/2017 10:08

Courtesy of Robin Boyle (MD, Athelney Trust plc) on Twitter...

"Have just added to Athelney's holding of Crest Nicholson at 493.3 on a 2018 P/E of 6.5 and yield of 7.8%."

[pillion] 15/11/2017 09:40

Hmmm...
Not be selling mine although the market is not happy

We anticipate growth in revenues across all tenures and reported sales for the year to be c. 6-7% higher than FY2016. EBIT margins are expected to be consistent with Management's previous guidance for a good year, at the top end of the 18% to 20% range and return on capital employed approaching 30%.

At the end of October 2017, total forward sales of GBP391.4m are 13.6% higher than last year (GBP344.5m). A strong forward sales position for FY18 completions, up 14.8% on 31 October 2016 at GBP265.3m, with forward sales for open market completions excluding PRS up 20%, provides a good start for 2018.

[speedsgh] 15/11/2017 09:32

Overall a decent update imo although cautious in its tone which may have spooked some...

"The supply of skills and materials continues to be a challenge."
"Maintaining momentum through planning is a major challenge for the industry..."
"Central London transactions are suffering from some volume and price weakness"
"Whilst there may be some impact from current economic and political uncertainty..."
"Addressing production capacity, planning delays and the shortage of skilled labour continue to be the key areas of focus for the sector in terms of securing volume delivery and growth."

Currently trading on 6.9% yield for FY17, 7.8% for FY18.

[dov] 15/11/2017 09:02

regretfully looks like my £4.50 target more likely than not in the coming weeks.

[1gw] 15/11/2017 08:15

Perhaps it's a bit of a miss on revenue guidance. Back in January they guided to about a 10% increase for the year I think, and now they're saying 6-7%.

[1gw] 15/11/2017 08:05

Hmmm. Apparently not. What did I miss?

[1gw] 15/11/2017 07:22

Those results look good enough to me at first read. Some good YoY metrics and apart from a comment about Central London, generally positive on the outlook I would say. Surely that should give the shareprice a boost, shouldn't it?

[pickledcabbage] 15/11/2017 07:22

Solid trading update.

[master rsi] 14/11/2017 17:08

A better finish 519p that the 2pm

On looking at the 2 month chart, no wonder the share price came this low as it has formed a complete HEAD & shoulders

[dov] 14/11/2017 14:01

another fairly poor rise compared to others should be interesting tomorrow.

[master rsi] 14/11/2017 12:35

From Market Report

Housebuilders help build up FTSE 100

There was good news for the housebuilding sector as average house prices in the UK rose 5.7% to £243,945 in the year to 30 September.

Mid-caps Bovis Homes (BVS) and McCarthy & Stone (MCS) revealed strong results, which had a positive read across for the FTSE 100 housebuilders. Berkeley (BKG) led the charge, up 1.4% to £36.48 followed by peers Persimmon (PSN) and Taylor Wimpey (TW.).

Bovis Homes strengthened 1.2% to £11.18 on news that it was expected to deliver an increase in average selling prices for the year.

Retirement housebuilder McCarthy & Stone was up 7.3% to 157.9p following an improvement in margins and volumes in the year to 31 August.

[dov] 13/11/2017 14:51

down 2% plus no other bricky anywhere near that, now around 20% from its highs i make it bear market territory.

[1gw] 13/11/2017 14:18

I've bought some more at 508p/509p, selling some Telford Homes to fund it.

[dov] 13/11/2017 13:39

looks like £5.00 might not last till wednesday!!

[master rsi] 10/11/2017 13:26

The bounce is stronger this afternoon

[master rsi] 10/11/2017 11:19

House builders - After the last couple days of large falls, there is some bounce going on at the moment

[dov] 09/11/2017 17:32

i said a number of weeks ago these could test 500p they bounced and now back to where they were in August, these never bounced as hard as others but are hit harder on the way down. i hope the trading statement provides some support otherwise the fall of 10% in the last couple of weeks will seem like nothing.

[gre] 09/11/2017 16:12

I've been monitoring CRST for the last few weeks waiting for a suitable buying opportunity and I've bought in today when many others are selling. The decline is way overdone on every sensible measure and it's now clearly oversold.

The fundamentals haven't changed and even if there isn't a short term bounce I will be happy to sit back and collect my expected 7.5% bumper dividend in 2018.

[master rsi] 09/11/2017 12:44

The final drop at 12pm to 513.50p UT could be expresed as a double bottom and bounce from there

I bought some waiting for the bounce

[dov] 09/11/2017 10:32

I just don't understand why this share is continuously hit so much harder than other housebuilders on negative news. Down another 4.5% only red row which kicked it all off today is slightly worse the rest are all off around 2% the trading statement better be good otherwise you are looking at £4.50 potentially next week

[1gw] 09/11/2017 09:34

I've bought some more at 522p. Hoping for a decent TU out next week.