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Crest Nicholson - House builder smashes forecast

December 2020

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 perfectly timed write up last month. The shares leapt after Crest Nicholson announced that pretax profit for the current year is expected to be significantly ahead of consensus expectations of £37.9m and at the upper end of previously guided £35m-£45m. Net cash of £135m was also far higher than expected and up from £37.2m as at FY’19.Importantly, Crest is making good progress towards its targeted £30m cost savings while a further c. £40m of gross profit margin improvements have been identified through better house types and land plot efficiencies. Over 5,500 future units in its short-term land portfolio have now been planned with the new house type range, up from 3,300 units i ...

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Crest Nicholson (March 2024)

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

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

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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 - 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)

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