Share Name Share Symbol Market Type Share ISIN Share Description
Crest Nicholson Holdings LSE:CRST London Ordinary Share GB00B8VZXT93 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +4.40p +0.99% 448.00p 3,090,285 16:35:04
Bid Price Offer Price High Price Low Price Open Price
448.00p 448.40p 450.80p 438.00p 441.40p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 1,043.2 207.0 66.1 6.8 1,145.66

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Date Time Title Posts
21/5/201821:10*** Crest Nicholson ***2,082
17/6/201415:22Editor of Spreadbet Magazine, Zak Mir discusses Crest NIcholson (CRST)-
09/6/201411:43Crest Nicholson1
13/2/201309:37Crest Nicholson thread1
21/7/200709:27Crest Nicholson251

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Crest Nicholson (CRST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-05-22 16:08:32445.3017,10076,145.55O
2018-05-22 15:55:03448.015,31523,811.50O
2018-05-22 15:54:35448.344,59620,605.93O
2018-05-22 15:54:34449.002501,122.50O
2018-05-22 15:54:18439.602501,099.00O
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Crest Nicholson (CRST) Top Chat Posts

DateSubject
22/5/2018
09:20
Crest Nicholson Daily Update: Crest Nicholson Holdings is listed in the Real Estate sector of the London Stock Exchange with ticker CRST. The last closing price for Crest Nicholson was 443.60p.
Crest Nicholson Holdings has a 4 week average price of 411p and a 12 week average price of 411p.
The 1 year high share price is 638p while the 1 year low share price is currently 411p.
There are currently 255,728,505 shares in issue and the average daily traded volume is 3,857,598 shares. The market capitalisation of Crest Nicholson Holdings is £1,145,663,702.40.
19/5/2018
13:36
1gw: I think Henderson may have a sectoral short on the UK property sector. They have 6 disclosed positions, according to short tracker, including: 1.5% Barratt 1.6% Crest 0.8% Redrow 0.9% British Land hTtps://shorttracker.co.uk/manager/henderson-global-investors/ I agree that that sectoral short may be paired against a UK sectoral long elsewhere or a property long outside the UK. Given the scale of Henderson, it is also possible these positions are hedges / pair trades against UK long property positions. I pointed it out though because I think it's interesting to note the development of short positions, especially when there is high volume and large price movement. Personally I am less concerned about isolated short positions (in shares I hold) than I am when there is a large number of companies shorting, which I do think should be taken as a fairly serious warning sign that there may be some share price declines ahead. In the case of Crest there are at present only 2 declared shorters, 1 of which has a relatively big position. And in Barratt Henderson is the only declared shorter, again with a relatively big position. [Edit] And in fact they're the only declared shorter in Redrow and British Land. If there is a positive to it, I think it might be that Henderson appears to be betting pretty big on declines in these property shares (4 out of only 6 short positions) and I would imagine that as a result there is fairly close scrutiny inside Henderson UK on that position. Henderson is obviously an enormous company in terms of assets under management, but even so, it looks like a conviction short that is not shared yet by many other companies. Clearly on Crest, that position is going the right way at the moment, but if it does start to move against them I imagine their risk management department would be on the case fairly soon encouraging them to reduce exposure.
18/5/2018
16:25
jonwig: Just to report facts: Stone sold 250,000 shares on 18/04. He still holds about 3.5 m shares, so he sold some 7% of his holding. The results to 30/04 will be announced on 12/06. The close period for dealing "is the time period between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual results." What, please, is he guilty of? "Pals/Crooks in the City". Only two holdings announcements were made since end-Feb: both Blackrock and Woodford were buyers. On the day before the trading statement, the share price rose ... a bit. When small investors lose money, too many of them blame dark forces of conspiracy rather than bad luck or bad judgment. The fact is, serious small investors can generally beat the market and beat the fund managers. That's not to say CRST is blameless: clearly management have issues to address, but at least the company isn't burdened with debt and isn't in intensive care.
18/5/2018
13:33
wilkie_hk: Well the City appear hell bent on giving CRST a damn good kicking. On the basis of what was in the public domain prior to the trading update and considering the valuation of it's peers, the share price should have been around the £6 mark. As we had seen a divergence of share price with it's peers, many, myself included were half expecting that there must be 'something going on'. So, we get the trading update, which chips the profit margin from an average of 19% (18-20) down to 18%, a 5% percent reduction and the stock looses 20% (assuming that things will settle around £4). Surely, the City already was accounting for this in the depressed price before the announcement. So now, the suspicion is that the update has significantly underplayed the decline in operating margins that will play out as we move forward. Even if we assume that EPS will remain flat for the next 5 years at 66.1p, that is a steady PE of 6. Surely, a PE of 8-10 should apply in this scenario, if we were to view CRST as similar to a high yielding no growth utility. In this case 'value would owt' and we would see a return to 550p to 600p in the future along with the dividend being sustained at 33p (close on 8% yield). However, unfortunately, I suspect this may be the start of a series of trading statements over the next year or so that will gently let us down. The crooks in the City have probably been made aware of this. As for the board, as per most directors of FTSE companies they will be in it for themselves, with the game being to line their pockets as much as possible without the shareholders kicking off.
23/3/2018
12:34
speedsgh: Crest Nicholson shares still cheap, says Shore Capital - HTTP://citywire.co.uk/money/the-expert-view-reckitt-interserve-and-crest-nicholson/a1103943#i=4 Housebuilder Crest Nicholson (CRST) may have rallied in the past few days but the shares are still cheap, according to Shore Capital. Analyst Robin Hardy retained his ‘buy’ recommendation on the stock after a short first quarter update that showed trading remains in line with expectations. The shares were down 2.9% at 453.8p yesterday. He said Crest had been ‘by some margin, the weakest performing house builder in the last few months having reached a peak share price much earlier than the rest of the sector but then fell back peak-to-trough by almost 30%’. Hardy believed the shares were ‘discounting something calamitous… [but] that does not appear to be the case’. ‘Our fair value for Crest remains at 540p, which is now 16% above the current share price,’ he said. ‘The shares have rallied in the last few days, helped by some material holdings being disclosed, but they remain cheap in our view.’
19/3/2018
15:48
stemis: The share price divergence with other housebuilders seemed to occur in June around the time of the interims. There's an article dated 23.3.17 from IC comparing housebuilders. https://www.investorschronicle.co.uk/2017/03/23/shares/sectors/building-an-income-from-housebuilders-JiEpiJXd8sWXHUihEyU8YP/article.html I've looked at a few and share price movement since then is BVS + 28.4% PSN + 20.2% RDW + 19.6% TEF + 18.6% BWY + 8.9% BDEV - 2.8% and CRST? CRST - 20.4%
16/3/2018
14:42
wilkie_hk: Hopefully, this doesn't appear a completely naïve question but are there shady mechanisms within the city by which a share price can be held back as a prelude to a takeover bid. At the beginning of the year I thought there was every possibility that we would see £6+ this year and any takeover would require an offer of around £7 per share. However, we are where we are at the moment and the share price underperformance this year now conditions one to feeling that a £5.50 offer would be attractive. I'm sure the directors would do very nicely out of any take over deal as would their buddies at Price Waterhouse/Deliotte. Thoughts?
06/3/2018
18:41
wilkie_hk: I would guess that crest may be little more vulnerable to a downturn that has in the past rippled out from London. I do note that in their agm statement of 23rd March 2017 they stated that they were investing in land in the midlands and it would seem beneficial for them to focus on improving the geographical spread. However, the current earnings ratio would indicate that the share price is factoring flat or gently declining top line over the next 5 years. I am concerned that there may be something else going on here as degree of the sustained underperformance of the share price relative ro it's peers just doesn't seem to have any basis otherwise. There is another agm statement pending for the end of the month which may be interesting.
02/3/2018
07:33
wilkie_hk: With Crest's share price performance this year you would think that the likes of Persimmon, Taylor Wimpey and Barratt would be sharpening their pencils. Their boards have a commitment to create shareholder value and, on the face of it, there is now every chance of picking Crest up from something less than £6 with a cash and share offer. I wouldn't be at all surprised if there was an offer on the table by the end of the summer unless we see a significant share price recovery.
28/2/2018
19:49
wilkie_hk: Must say I am a bit miffed with this one. I have a heavy holding in these and have played to the trend for the share price to show outperformance in the first quarter by topping up my holding before Christmas and then reducing again in April for a couple of years. Comparing Crest to it's peers; PSN, TW., RDW, PSN & BWY. Based on a number of metrics CRST would appear to be the best value. Strong operating margin, excellent dividend yield, PE, land bank etc. Additionally, from the annual reports and statements the company appears to be prudently run. However, share price performance lags markedly behind it's peers on a 5 year basis. The others range from 121% to 242%, compared to CRST achieving just 78%. OK a few percentage points are gained by the higher than average divi yield, although PSN and BDEV pay more. So what am I missing that has caused CRST to lag behind the others? I don't want to bury my head in the sand with these and am open to having the percieved negatives pointed out to me. So?
17/3/2017
09:39
1gw: Crst share price benefitting from the BKG statement this morning I think: "The housing market in London and the South East has now stabilised. Overall, underlying reservations in the seven months since the immediate Brexit referendum effect (August to February) are down 16% on the comparable period last year, with the last two months ahead of last year. Enquiry levels remain robust, cancellation rates are at normal levels and pricing continues to be resilient and above business plan levels." hTtps://www.berkeleygroup.co.uk/investor-information/regulatory-news?investorItem=2763989696118784
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