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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
  12.40 3.95% 326.40 827,479 16:35:22
Bid Price Offer Price High Price Low Price Open Price
326.00 327.60 327.40 314.40 318.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 1,086.40 102.70 32.10 10.2 839
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:44 O 4,122 323.13 GBX

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Date Time Title Posts
03/12/202020:14*** Crest Nicholson ***2,698
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

Trade Time Trade Price Trade Size Trade Value Trade Type
17:24:30323.134,12213,319.42O
16:35:22326.40176,102574,796.93UT
16:30:01326.804791,565.37O
16:29:58327.40413.10AT
16:29:58327.40516.37AT
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Crest Nicholson (CRST) Top Chat Posts

DateSubject
03/12/2020
08:20
Crest Nicholson Daily Update: Crest Nicholson Holdings Plc is listed in the Real Estate sector of the London Stock Exchange with ticker CRST. The last closing price for Crest Nicholson was 314p.
Crest Nicholson Holdings Plc has a 4 week average price of 253.40p and a 12 week average price of 160.40p.
The 1 year high share price is 524p while the 1 year low share price is currently 160p.
There are currently 256,920,539 shares in issue and the average daily traded volume is 736,184 shares. The market capitalisation of Crest Nicholson Holdings Plc is £838,588,639.30.
31/10/2020
12:04
cjohn: Hello sikhthe tech You say this, "Yes, I do the same and the reason you can do that is because book value isn't revelant in an abnormal or a market which is crashing. The book value didn't stop the share price from crashing from 500p. Even at 200p, when the value was below book value, the share price still fell to 160p. HBs shares have dropped over the past 6 months due to major uncertain events coming together during Q4, ie now." Could I suggest, if you are interested, you do some reading about value investment and how book value is used as a marker for investment decisions? There is not a single investor in the whole world who thinks book value can "stop" a share price from crashing. That doesn't mean it's not "relevant", That's a complete non sequitur. You haven't understood the point I'm making.
25/10/2020
15:12
sikhthetech: CJohn "This is the moment when asset-based value investors like me pick up shares at bargain prices." Yes, I do the same and the reason you can do that is because book value isn't revelant in an abnormal or a market which is crashing. The book value didn't stop the share price from crashing from 500p. Even at 200p, when the value was below book value, the share price still fell to 160p. HBs shares have dropped over the past 6 months due to major uncertain events coming together during Q4, ie now. The recent share price rise has been with all the HBs. It's because stockmarket have been stable, housing has picked up recently due to Help to Buy and Temp Stamp Duty hol. Some are just trading long/short. Some investors feel uncertainty is factored into the price and so expect a normal market return soon. I differ, I expect housing market to crash. I'm also expecting the stockmarket to crash and HBs are not immune to such a crash. Once the story changes, I will adjust my opinion.
23/10/2020
11:10
cjohn: sikhthetech20 Oct '20 - 11:12 - 2666 of 2668 CJohn "In the short-term share prices are volatile and are not closely tied to underlying value whether this is book value, earnings, dividends, However, in the longer run, share prices ARE related to markers of value: profitability, book value etc." Agree. That was exactly my point in #2655: sikhthetech13 Oct '20 - 12:10 - 2655 of 2665 Book value is only revelant in normal times. We're in abnormal times as can be seen with the government trying desperately to avoid a deep recession, job losses, house price crash. Forgive, but you are making a completely different point to mine, sikhthetech, and one I don't agree with. Book value is neither more, nor less "relevant" during a crash. Book value is an indicator of value. When prices drop, book value remains the same, but P/TBV (price to tangible book value) drops. This is the moment when asset-based value investors like me pick up shares at bargain prices. I've been able to buy CRST twice this year at prices in the 160s, trading at a very deep discount to tangible asset value. It's been my experience and, more importantly, the experience of large numbers of investors over many decades that buying at a deep discount to tangible asset value is a successful strategy, as very more often than not prices revert to tangible book value and above.
20/10/2020
10:12
sikhthetech: CJohn "In the short-term share prices are volatile and are not closely tied to underlying value whether this is book value, earnings, dividends, However, in the longer run, share prices ARE related to markers of value: profitability, book value etc." Agree. That was exactly my point in #2655: sikhthetech13 Oct '20 - 12:10 - 2655 of 2665 Book value is only revelant in normal times. We're in abnormal times as can be seen with the government trying desperately to avoid a deep recession, job losses, house price crash. The housing market is being supported by Help to Buy and the temporary Stamp Duty hol. H2B on 2nd homes and Stamp Duty Hol both end 31st March, less than 6 months away. I believe if house prices crash then Help to Buy loans will become toxic at some point and will contribute towards the next financial crisis. What will the book value be once we're in recession and land/property prices crash? When normal times return, the book value AT THAT TIME, COULD be revelant. HBs are not immune to a stock market crash
20/10/2020
09:53
cjohn: sikhthetech What has that got to do with the Book Value, which was the point in my previous post? "The share price was around 500p in Feb, 300p in May and 220p in July. Did the book value help or make no difference to the share price since then? Looks like made no difference." But you could take ANY indicator - PE, eps, gearing etc - and then say, "It looks like that made no difference." !! In the short-term share prices are volatile and are not closely tied to underlying value whether this is book value, earnings, dividends, However, in the longer run, share prices ARE related to markers of value: profitability, book value etc. This is not only my experience - I make a living from that fact - but has a huge weight of research over many decades behind it. Everyone is aware of the perils facing the UK economy and the housing market does look over-heated, but much of that gloom is included in a share price trading at around 3/4 tangible book value.
14/10/2020
09:55
sikhthetech: salver, The share price was around 500p in Feb, 300p in May and 220p in July. Did the book value help or make no difference to the share price since then? Looks like made no difference... In terms of Barratts, have a read of their TU - they have mentioned the same concerns: They concerned about Covid, economic and political uncertainty. Plus there's an increasing reliance on Help to Buy loans by first time buyers. Help to Buy ends for 2nd homes on 31st March, as does Stamp Duty hols, less than 6 months away. "increasing the reliance of first time buyers on Help to Buy. In the period 51% of our private reservations (2020: 45%) used Help to Buy of which 74% were first time buyers (2020: 70%). " https://uk.advfn.com/stock-market/london/barratt-developments-BDEV/share-news/Barratt-Developments-PLC-Trading-Statement/83453302
24/9/2020
13:08
master rsi: UK housebuilders too cheap to ignore, says Jefferies UK housebuilders are too cheap to ignore, Jefferies said in a research note on Thursday. "With construction looking un-impacted by the latest Covid measures and the strength in the housing market providing increasing comfort on the sustainability of demand, we see the UK housebuilders as oversold," the bank said. "News flow on Covid, Brexit, stamp duty and help-to-buy changes will likely create share price volatility near term. Nonetheless, we see current share price weakness as presenting a great entry point for our key picks: Persimmon, Berkeley, Barratt." Jefferies noted that to date, housebuilders have said that local lockdowns such as the one in Leicester have not impacted construction build-out on site. As a result, the bank reckons that similar will be true of Tuesday’s step-up in Covid measures and would even be the case in a scenario of a more aggressive lockdown. "Reflecting this, the more important impact of the lockdown for the sector will likely be the influence on customer demand," it said. However, it said that with agreed sales up 40% year-on-year, mortgage demand ahead of levels lenders can process, and house price inflation 3-5%, recent housing data, provide increasing comfort on its forecasts. "Near term share prices may remain volatile reflecting macro news flow, with an air pocket in company news flow until the November trading updates which should be able to provide colour on demand for housing for April and beyond (i.e. after the expiry of the stamp duty holiday and Help to Buy changes). "Nonetheless, with valuations reflecting house price declines of up to 14%, we believe the profitability and return on equity profile of the sector remains significantly under-estimated." At 1230 BST, Persimmon shares were up 3.2% at 2,401p, Berkeley shares were 1.3% higher 4,154p and Barratt was 3.6% higher at 454.10p.
30/7/2020
22:38
master rsi: Just when I was hoping the share price today would close the GAP at 117/120p that is on the Candlestick chart, Canaccord upgraded TW. when share price was at 119p..... "Canaccord upgrades Taylor Wimpey to 'buy', expects special dividends to resume in 2022 Analysts at Canaccord Genuity upgraded their recommendation for shares of Taylor Wimpey from 'hold' to 'buy' following recent share price falls despite the group's "strong" balance sheet. In a research note sent to clients, analyst Aynsley Lammin also said that the key issue for the homebuilder were the existing macroeconomic risks and the outlook for home sales and prices in 2021. Lammin said recent trends were "encouraging" although the test of rising unemployment "had yet to be fully felt". His estimates called for delivery volumes to run at 80% of 2019 levels next year with pricing broadly holding up. Lammin did however trim his target price on the shares from 165p to 160p."
13/9/2018
08:52
ken tennis: RCTurner2 thank you for your input and a very good point, I totally understand what you say. From my point of view so long as the CRST share price moves up in the next few years and I collect the nice dividend along the way this suits me fine. ATB Ken
22/6/2018
09:57
wilkie_hk: I agree Mike, that house prices are bonkers. It is a disgrace that living spaces are being reduced continually and I'd be all for German space standards being introduced to force developers to provide reasonably sized properties and a limit on the percentage of a plot that may be developed to reverse the trend of no longer providing reasonable sized gardens. However, the UK has been flooded with people over the last 20 years and every young person who makes their home here will eventually become 2 (on average) as they re-produce. This will maintain this unprecedented surge in population for another generation, unless things go very wrong with Brexit and we have some form of exodus. So we have huge demand. Which way will it go? I suspect that we will now plateau for a while. It will then be for the housebuilders to find ways to reduce their costs and negotiate hard with local authorities over social tariffs to maintain margins, this in tandem with increasing output. IMO it is going to be tough to maintain the top line and we may see a drop off in the year after next as the shunting of numbers from next years accounts into the present will only defer matters short term. However, the housebuilders are on very low PE's and may be able to maintain their yields. Would the market accept slowly declining earnings? A difficult one to call as I don't see housebuilders as growth companies any more, but we could have a 20-30% recovery in CRST share price and the dividend maintained. Best case for CRST would be to be taken out by Barratts or Persimmon. Unfortunately, I went in heavy at the beginning of the year hoping to ride out the historically reliable first quarter share price rise before halving my holding. Obviously, this hasn't worked out well. Trying to be objective, I have always said that you shouldn't hold onto a share out of loyalty/sentiment and should coldly consider the fundaments to determine whether you would buy if you didn't already hold. I think the answer to this question for me at the moment is that I would likely take a small holding, which indicates that I should reduce and sit on some cash in the hope that the overall market declines and creates a buying opportunity. Hmm decisions!
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