Updates

Crest Nicholson - 2016 eps upgraded from 43.3p to 52.2p

August 2014

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.

A softening in valuations of house builders due to fears over interest rate rises and potential Bank of England caps on high loan-to-value mortgages should not detract from the positive medium term picture for housebuilders, which is perfectly encapsulated by forecast busting results from Crest Nicholson. Helped by its focus on the more prosperous South, revenues, pretax profit and eps rose 26%, 37% and 32% respectively to Â£241.1m, Â£38.4m and 12.3p, helped by a 0.9% rise in gross margins to 28.7%. Net debt was Â£60.6m (net debt / equity gearing just 12.5%), while it had undrawn credit facilities of Â£85m and cash of Â£89m.Growth came through a rise in average selling prices and 35% increase in housing legal completions to 1,091 ...

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Crest Nicholson (January 2024)

Crest Nicholson (January 2023)

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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 - 41% eps growth forecast between FY'17 - FY'19 (April 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 - 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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