Updates

Crest Nicholson - 41% eps growth forecast between FY'17 - FY'19

April 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares rallied towards their highs after the Southern-focused house builder revealed strong final results with sales of £1bn reached for the first time (+24% year-on-year). Pretax profit rose 27% to £195m while eps was up 26% to 60.9p. A temporary reduction in land purchases combined with strong cash flow meant it swung from net debt of £30.6m to net cash of £77m.Growth was driven by a 5% increase in volume of homes sold to 2,870 (2015: 2,725), shrugging off the EU Leave vote while it notes the housing market continues to show robust characteristics, underpinned by strong demand, a “benign” land market and pro-housing Government policies.Crucially, it’s reiterated being on track to achieve 4,000 homes in FY’19 with its yo ...

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Enquest

Tarsus - Forward bookings tracking 10% ahead

Crest Nicholson (March 2024)

Crest Nicholson (January 2024)

Crest Nicholson (January 2023)

Crest Nicholson (September 2022)

Crest Nicholson (May 2022)

Crest Nicholson (January 2022)

Crest Nicholson (August 2021)

Crest Nicholson - Shares soar over £4 (May 2021)

Crest Nicholson (March 2021)

Crest Nicholson - House builder smashes forecast (December 2020)

Crest Nicholson - Cluster director buying highlights deep value (November 2020)

Crest Nicholson (March 2018)

Crest Nicholson (July 2017)

Crest Nicholson - Prospective PE is just 6.4 (January 2017)

Crest Nicholson - Another housebuilder on basement PE of 5.7 (August 2016)

Crest Nicholson (March 2016)

Crest Nicholson - New target to increase home sales from 2,530 to 4,000 by 2019 (August 2015)

Crest Nicholson - Shares hit all time high (March 2015)

Crest Nicholson - 2016 eps upgraded from 43.3p to 52.2p (August 2014)

Crest Nicholson - Capacity being increased (March 2014)

Crest Nicholson - Better than expected reservation rates (November 2013)

Crest Nicholson - Forward sales 50% ahead of prior year (August 2013)

Crest Nicholson (June 2013)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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