Updates

Crest Nicholson

June 2013

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.

House builder, Crest Nicholson has been a well-timed addition to the TMI Trader Portfolio with the shares quickly hitting a new high of 346p. This followed a very positive update covering the six months to 30 April, which showed a 9% increase in housing legal completions to 810 with open-market legal completions up 30% to 699. While the number of affordable units was 111 compared with 209 in 2012 this was in line with expectations. Market conditions in the South, where Crest has the majority of its sites, are increasingly favourable with sales rates per outlet increasing 18% to 0.77, while prices have remained firm. Meanwhile, forward sales as at 30 April rose 27% to Â£222m. The shares have gained 22% since our tip in April ...

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Crest Nicholson - 41% eps growth forecast between FY'17 - FY'19 (April 2017)

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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)

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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