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CRST Crest Nicholson Holdings Plc

3.20 (1.58%)
08 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Crest Nicholson Holdings Plc LSE:CRST London Ordinary Share GB00B8VZXT93 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  3.20 1.58% 206.00 1,756,259 16:35:07
Bid Price Offer Price High Price Low Price Open Price
205.40 206.40 209.40 199.70 200.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Construction Machinery & Eq 913.6M 26.4M 0.1028 19.98 527.71M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:06:55 O 35,286 206.00 GBX

Crest Nicholson (CRST) Latest News (1)

Crest Nicholson (CRST) Discussions and Chat

Crest Nicholson Forums and Chat

Date Time Title Posts
08/12/202313:08*** Crest Nicholson ***2,841
17/6/201414:22Editor of Spreadbet Magazine, Zak Mir discusses Crest NIcholson (CRST)-
09/6/201410:43Crest Nicholson1
13/2/201309:37Crest Nicholson thread1
21/7/200708:27Crest Nicholson251

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Crest Nicholson (CRST) Most Recent Trades

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Crest Nicholson (CRST) Top Chat Posts

Top Posts
Posted at 30/11/2023 12:28 by lafiamma
Those big 100,000 / 200,000 trades that have been relentlessly hitting the tape every 30mins or so over the past couple of days appear to have stopped as of about 9:15am this morning. I don't think it's a coincidence that the share price has now started to (hopefully) catch up to the BDEVs and TWs of the world which are currently breaking out to one year highs...
Posted at 28/9/2023 19:28 by sikhthetech

There are reports that they have to demolish dozens of houses on one of their developments and rebuild due to problems with foundations.

New homes to be demolished and rebuilt due to problems with foundations

Plus today Zoopla reported that buyers are seeking homes needing refurbishment as they are cheaper. So not new homes.
And would be buyers still waiting for fall in house prices or mortgage rates.

"The average discount to asking price has hit a four-year high as the market swings in favour of buyers, Zoopla says."

"It suggested would-be buyers are instead waiting for a fall in house prices or mortgage rates to get back into the market."
Posted at 21/9/2023 10:20 by sikhthetech

It's not all just about swaps.

Mortgage rates are lower because of competition as there's lower demand for properties.

Lots of things impact housing market/HBs. Affordability, house price, economic, political, debt levels, interest rates etc.

sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price rises all impact affordability.
Posted at 22/8/2023 15:06 by sikhthetech
sales are collapsing because of the challenges facing HBs, which I mentioned last year.

End of Help to Buy, inflationary pressures, mortgage interest rates rising.

sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price rises all impact affordability.

sikhthetech - 07 Jul 2022 - 16:22:15 - 2901 of 3086 PERSIMMON PLC
I wouldn't buy any HB at the moment...
Affordability issues still mounting up with energy cap set to rise to around £3000 pa in Oct, inflationary pressures pushing up interest rates.

House prices slowing which happens before a crash..

As with my previous prediction for previous housing crash, I'm expecting house prices to fall around 40%, peak to trough. Not all areas/streets will see the big drops... Asking prices fall the greatest. New builds usually command a premium and that would be reduced significantly during a crash.
Posted at 21/8/2023 12:06 by essentialinvestor
sik, mentioned to you many times previously on the SHA board that you do
not need sharp price correction in UK house prices, let alone a crash,
to very significantly alter a listed builder P&L - it's volume and margin that
Posted at 21/8/2023 11:57 by sikhthetech
There you go, end of help to buy impacting HBs.

Trading getting worse during the summer....
Transaction levels across the industry weakened, particularly in recent weeks.

Says it all really

The newsflow has been as predicted.

From Crst update:

Against a backdrop of persistently high inflation and rising interest rates, trading conditions for the housing market have worsened during the summer of this year. While pricing has remained resilient in a market with limited supply and few distressed sellers, the economic uncertainty is deterring prospective home movers.

Transaction levels across the industry have therefore weakened further, particularly in recent weeks.

sikhthetech - 17 Jan 2023 - 14:11:42 - 2742 of 2771
Help to Buy ended at end of Oct.

The scheme gave FTBs upto 20%(40% in London) 5 yr interest free loan.

The scheme ending has yet to impact HBs. It's still early to see it's impact.

Tax rises, energy price rises, mortgage interest rises all impact affordability. Tax and energy price rises from April onwards.
Posted at 21/8/2023 11:35 by km18
Crest Nicholson Holdings plc issued a trading update warning of softer than expected profit for FY23. FY adjusted profit before tax is now expected to be about £50m as trading conditions for the housing sector have worsened during the summer. The Board remains positive and confident about the outlook for Crest Nicholson. While current trading conditions are challenging, over the medium term management expect inflation to abate and mortgage rates start to reduce. The macro environment is obviously the main cloud for the housing sector, the BOE is still raising rates and will leave them at elevated levels through most of 2024 at the very least. Further soft business and financial performance is therefore likely near term and risks to the share price remain to the downside. CRST is a share to monitor for the time being...

...from WealthOracle
Posted at 08/6/2023 13:15 by sikhthetech
Demand falling, as predicted.
Help to Buy ended.
Cost of living crisis.

"fears of another major adjustment in house prices" from CRST CEO.

Stamp Duty started to be wound down from June 2021 to Sept 2021.

Thousands upon thousands rushed to buy their homes before SD hol ended.
Those who took out 2-5yr fixed rate mortgages during that rush will start to see significant increases in their mortgage premiums from now.

That's on top of tax rises, energy price rises, food price rises etc.

From crst rns:

"The housing market is undoubtedly experiencing softer demand than the previous year. As we emerged from the restrictive impacts of the pandemic, home movers were searching for more space and were encouraged by the temporary cut in stamp duty. However, by the end of 2022 the sector was facing the start of a succession of interest rate rises to combat inflation, with peak rates forecast to reach their highest level in over 20 years. This was accompanied by the end of the Help to Buy scheme and a general deterioration in economic confidence driven by a cost-of-living crisis and fears of another major adjustment in house prices."
Posted at 12/5/2023 12:25 by marktime1231
This is a huge upswing in broker outlook for CRST.

(Sharecast News) - Analysts at Berenberg turned more positive on UK homebuilders, not least because the worst-case scenarios for house price deflation had been averted.

They also noted the relative improvement over recent months in sales rates, which supported pricing, even as modest build cost deflation was set to occur in 2024.

In particular, they upgraded their recommendations for shares of Crest Nicholson and Redrow, because their asset-backed valuations screened best within the group.

Affordability had also improved, estimating that mortgage payments had fallen to approximately 40% of a typical new homebuyers' earnings.

A "material" fall over time in average land prices was also anticipated, as were new government support measures for the new-build housing market before the end of the year.

The analysts marked up their target price for shares of Crest Nicholson from 220.0p to 310.0p and for Redrow from 466.0p to 643.0p.
Posted at 18/4/2023 16:19 by marktime1231
This has been a welcome recovery in the share price No news nor bid rumour that I can see. So based I think on a sectoral observation that housing demand is holding up and extreme fears about a recessive UK economy are proving unfounded. Several commentators and analysts have printed negative statements though, as if CRST is the builder everyone loves to hate, pointing to the cost of replacing dodgy cladding ... more than the £140M provision?

Despite which buyers really piling in.

The forward p/e is only around 11 even if CRST suffers an eps decline from 42p to 25p, at which level the dividend still looks safe. I might defy the anti-CRST narrative and hold on for some good news in June.
Crest Nicholson share price data is direct from the London Stock Exchange

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