Updates

Crest Nicholson - Shares hit all time high

March 2015

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 soared triumphantly to an all-time high of 466p after house builder Crest Nicholson published strong results and announced plans to reduce dividend cover from 2.7x to just 2x, which means dividends are now forecast to soar from 14.3p in ’14 to 33.2p in ’17!For the year to 31 October turnover increased 21% to £636m while pretax profit and eps both rose 34% to £117m and 38.7p respectively. Housing unit completions jumped 17% to 2,530, meeting a key milestone a year early as improving economic conditions and better mortgage availability underpinned the market. Gross margins rose from 26.9% to 28.6% helped by selling price inflation exceeding cost inflation, the latter aggravated by a shortage of skil ...

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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 - 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 - 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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