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
  6.00 2.51% 245.00 878,036 16:35:18
Bid Price Offer Price High Price Low Price Open Price
244.20 244.60 245.40 238.00 240.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 1,086.40 102.70 32.10 7.6 629
Last Trade Time Trade Type Trade Size Trade Price Currency
18:22:19 O 844 245.00 GBX

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Date Time Title Posts
20/10/202022:58*** Crest Nicholson ***2,667
17/6/201415:22Editor of Spreadbet Magazine, Zak Mir discusses Crest NIcholson (CRST)-
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Crest Nicholson (CRST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-22 17:22:34245.008442,067.80O
2020-10-22 16:43:08245.0037,98693,065.70O
2020-10-22 16:21:22243.6711,81228,782.65O
2020-10-22 15:35:18245.00231,867568,074.15UT
2020-10-22 15:29:58244.2024.88AT
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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 239p.
Crest Nicholson Holdings Plc has a 4 week average price of 171p 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 742,196 shares. The market capitalisation of Crest Nicholson Holdings Plc is £629,455,320.55.
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
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.
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%). "
investor73: The tabgible book value of CRST is stiil around a third higher than it's current share price, nearly all other builders are trading at or above their book price now. Still very good value in my view.
master rsi: Covid buying boom helps UK house prices hit fresh highs 30 Sep, 2020 10:27 am - Annual house price growth surged in September to the highest rate in four years, as the UK property market continued to boom post lockdown. According to the closely-followed Nationwide House Price Index, UK house prices rose 0.9% month-on-month in September on a seasonally-adjusted basis. Although weaker than August’s 2.0% rise, it was the third consecutive month of growth and helped bolster annual house price growth from 3.7% in August to 5.0%, the highest rate since September 2016. The update echoes data published by the Bank of England on Tuesday, which showed mortgage approvals rising to a near 13-year high in August. Most regions saw a slight pick-up in annual house price growth in the third quarter, compared with the second quarter. The south west was the strongest performing region, with annual house price growth rising to 5.5% from 2.3%. In London, prices were ahead 4.4% and are now 57% above peak 2007 levels; UK prices as a whole are 21% higher than 2007. Robert Gardner, chief economist at Nationwide, said: “Housing market activity has recovered strongly in recent months. “The rebound reflects a number of factors. Pent-up demand is coming through, with decisions take to move before lockdown now progressing. The stamp duty holiday is adding to momentum, by bring purchases forward. Behavioural shifts may also be boosting activity as people reassess their housing needs and preferences as a result of lockdown.” Nationwide’s research found that of those considering a move, 35% were looking to move to a different area while nearly 30% wanted better access to a garden or outdoor space. Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said: “Nationwide data show that house prices still have plenty of upward momentum. Demand currently is being supported by people who were unable to move earlier this year, as well as people seeking a lifestyle change due to Covid-19, rushing to complete purchases.” But he warned: “The jump in mortgage rates and the outlook for further declines in employment suggest that the recent pick-up in house prices is likely be reversed. We continue to expect the official measure of prices to peak in October, and then to reverse all of its gains since March over the following 12 months.” Howard Archer, chief economic adviser to the EY Item Club, also sounded a note of caution: “[We] suspect the current pick-up in activity and firming of prices will prove unsustainable in the short-term, with the upside for the housing market being limited by challenging fundamentals for consumers. “Many people have already lost their jobs, while others are concerned about possible redundancy once the furlough scheme ends. Separately, many incomes have been affected. Consumer confidence is currently still low compared to long-term norms.” The EY Item Club believes house prices could be around 5% lower than they are now by mid-2021. Marc von Grundherr, director of estate agents Benham and Reeves, called the annual growth rate “remarkable”, adding: “The market is showing no signs of letting up and has continued along the rapid upward trajectory seen since lockdown restrictions were eased. “We’re already seeing considerable backlogs in sale completions at the legal stage due to the unprecedented levels of market activity. We expect this activity will remain extremely strong, at least until the stamp duty reprieve ends, at which point normality may return.” In July, the Chancellor Rishi Sunak announced an immediate increase in the stamp duty threshold, to £500,000, until 31 March 2021.
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.
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."
master rsi: Are we seeing a slow-motion second stock market crash right now? Motley Fool - Jul 30, 2020 The stock market crash in the spring was brutal. Shares dropped like an elevator with a broken cable. Covid-19 hit the world hard and fast, and economies locked down all over the world. Since then, the threat of a second stock market crash has been hanging in the air. Many people have heard how the second wave of the Spanish flu pandemic was worse than the first just over 100 years ago. Naturally, we all fear a similar scenario now. Will the second stock market crash be in slow motion? And just lately, there have been a few worrying signs of the virus bubbling back up around the world. Even our prime minister, Boris Johnson, has been talking about the possible beginnings of a second wave abroad. But it’s not decisive. It’s not absolute. And I reckon that’s why we haven’t seen a massive second crash in the stock market so far this year. But with the rising concerns about the virus, I do think we are seeing some shares rolling over and giving back some of the gains they made following the spring crash. Are we seeing a second stock market crash developing in slow motion? Look at bank shares, for example. At today’s share price around 102p, Barclays (LON:BARC) is about 23% down from its recent bounce-back peak. And at just over 26p, Lloyds Banking Group (LON:LLOY) has retraced back down by 30%. It’s happening in other sectors too. At 620p, housebuilder Vistry is around 30% down and heading in the direction of its spring lows. And at 120p, Taylor Wimpey (LON:TW) is 28% lower. Meanwhile, airline operator easyJet (LON:EZJ) is more than 40% down again, and food-service provider Compass has retraced lower by 25%. It seems that all these businesses have one thing in common – they would all be hit hard if Covid-19 caused more lockdowns in the economy. Some names remain strong In fairness, not all shares are taking back recent gains. Just yesterday for example, fashion clothing and accessories retailer Next shot up by around 10% in just one day. The company issued a positive trading statement declaring sales had been better than expected through the coronavirus crisis. And plumbing and heating supplies distributor Ferguson is holding on to recent gains. As are security software provider Avast, retailer Dunelm, and consumer goods champions Unilever (LON:ULVR) and Reckitt Benckiser. I think the weakness we’re seeing in the out-and-out cyclical businesses underlines how sensitive and vulnerable they are to wider economic conditions. Meanwhile, investing guru Warren Buffett teaches us to cheer lower prices in the stock market. When the stock market moves lower and share prices fall, there’s more chance of picking up a bargain with shares. There are differences in performance and investor sentiment between various sectors. I reckon that demonstrates how important it is to marry your search for ‘cheap’ with a focus on the quality of the underlying business. Now’s a good time to go shopping for shares, but I’d be very selective in my choices.
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
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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