Updates

Crest Nicholson

January 2024

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.

Crest Nicholson has guided to a slight reduction in pretax profit forecasts from £50m to £45m-£50m, citing higher build costs at its Farnham site. This is partially offset by higher savings of £3m achieved. Clearly, market conditions remain challenging although Crest still has a strong balance sheet with net cash expected to be c. £65m at the year-end. Excluding bulk sales, the sales per outlet per week was 0.39 for the last ten weeks, an improvement on the 0.25 in the seven weeks ended 21 August, but down from the 0.55 seen this time last year. New eps forecasts are for 13.5p for the year ended October, and 11.3p in FY’24. On a price / tangible net asset value the shares trade on a lowly 0.5x. A hold for recovery, pote ...

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Crest Nicholson (March 2024)

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Crest Nicholson (September 2022)

Crest Nicholson (May 2022)

Crest Nicholson (January 2022)

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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 - 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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