Crest Nicholson Share Discussion Threads

[ed 123] 02/2/2018 17:13

Showed good strength in the late afternoon today. I don't know why, as the rest of the sector was in reverse. Was there any news out today? Perhaps it was just institutions buying for the generous final dividend (xd next month)?

[dov] 01/2/2018 10:27

Next stop £5.00 and below all builders under the cosh now unfortunately Crest has not had the appreciation the others have had.

[losos] 30/1/2018 17:52

Dov - "It really is a mystery why they are so unloved "

Maybe that's why Stephen Stone (CEO) got himself an interview on the Ian King (Sky) business program. He came across (to me at least) as a down to earth bloke and seemed to know the business. Can't put much faith in such a fleeting interview but some that King has had on his program have been terrible haha. I don't hold at present, that might change soon 'tho.

[dov] 27/1/2018 14:08

Cannot see any reason myself ,but consistent underperformance relative to other Builders fridays price action just a perfect example of that It really is a mystery why they are so unloved !!

[adamb1978] 27/1/2018 13:13

Have held CRST for a while and really dont see any reason for selling now - PE for the current year is just over 7x and yield is just under 7%. There cant be many companies where the PE and yield are around the same digit!!!

Company is trading well, forward sales up 8% year on year which suggests further growth this year. Balance sheet obviously fine.

I'm a bit sceptical about their ability to hit the £1.4bn turnover target in FY19 given that this year I think will be around £1.2bn - leaves a lot to do in 2019, however they must have some confidence in hitting it given they keep repeating it, and 2 extra outlets is roughly a 4% increase on its own, so perhaps its possible.

Happy to keep holding this, though I took some off the table during last year. Wouldn't suprise me at all if someone acquired CRST - must be reasonable central synergies and, if the acquiror debt financed the acquisition, the interest cost of that debt would be lower than the dividend which would be saved so more synergies there.

[jonwig] 26/1/2018 15:02

Questor is keen:



I haven't looked much at this, but can't see any obvious reasons why the share price is bogged down.

[1gw] 26/1/2018 13:51

I couldn't resist buying more down here. Now back into my top 3 holdings.

Still working my way through the results presentation, but no red flags that I have noticed yet.

[dov] 26/1/2018 12:09

This is determined to go below £5.00 other builders up today Crest yet again spending another day down

[wilkie_hk] 24/1/2018 20:19

Indeed, what's not to like. Topped up with some more this morning. A strong performance to recover to evens against a declining ftse

[pillion] 24/1/2018 15:17

Forward sales at mid-January of GBP575.7m (2016: GBP533.5m), 8% ahead of prior year

Total dividend of 33.0p up 20% and covered 2x by earnings

Targeting to deliver GBP1.4bn sales by 2019

[ygor705] 24/1/2018 13:20

Thought the results this morning were quite good. High yield supported by a reasonable outlook. Sterling also recoverIng so pressure for higher interest rates should be abating.

[dov] 24/1/2018 10:50

Hit a low of about 3% down bounced now look to be on the way down again. Underwhelming response to results more underperformance looks to be in store Continue to live in hope though !!

[dov] 23/1/2018 09:08

Pillion Look at the 2 year performance of this share compared to others and you will see where all the optimism has gone!!

[1gw] 23/1/2018 08:41

Seems to me it's about time we had some news on the next iprs deal.

[pillion] 22/1/2018 22:35

DOV
The eternal Optimist !!

not

[dov] 22/1/2018 17:53

I think these will be down between 3-5% on results Wednesday hope I am wrong but the price action on these has been so poor for long time think results will disappoint

[1gw] 19/1/2018 16:30

Got some cash back so that's me buying the ones I sold on 27th December at more-or-less the same price.

[dov] 11/1/2018 09:22

the way these house builders statements are going down does not bode too well

£5.00 back on the cards?

[pillion] 10/1/2018 22:51

Results announcement on Wednesday 24th January 2018

[pillion] 28/12/2017 16:49

Was that wise ?

[1gw] 27/12/2017 15:16

Sold some to raise cash.

[dov] 21/12/2017 17:21

shares down 2.5% ffs no one else nearly as bad as that. how long does this dismal performance compared to its peers last? . its been 2 years of this rubbish in comparison to others,if the results in January do not change this situation surely questions will have to be asked of management and their actions.

no more looking or posts this year here is hoping for a better performance in 2018 for this share.

[dov] 19/12/2017 14:26

not today for sure compared to the others again!!