"It's been quite a year for the @GB:MCX:FTSE 250 Index, with the basket of mid-cap companies now firmly established above 20,000 after a rise of more than 12% since January. Contrast this with the tepid performance of the @GB:UKX:FTSE 100 Index, ..."
nice rise again last Friday and now news of the Chancelor is going to give us good news on the Budget...........
The SUNDAY TIMES -19th November 2017,
Budget: Philip Hammond pledges to build 300,000 homes a year
Philip Hammond will use the budget this week to announce plans to build 300,000 homes every year the equivalent of a city the size of Leeds.
The chancellor has revealed that he will unveil billions of pounds of extra investment, plus new powers and planning rules to ensure construction firms start building on sites that already have planning permission.
In an interview with The Sunday Times, Hammond said the government would stage an intervention because the market for developed land is broken with 270,000 unbuilt residential planning permissions in London alone.
Hammond vowed to do whatever it takes to get builders building and pledged that the next generation will have the same opportunities as their parents to own a home ..........
I can't see it staying down for long.
Other builders' reports have not been so good, which has perhaps cooled the sector.
As you say this is a buying opportunity, especially as there are no recorded shorts on Shorttracker.
Well I've trawled the IMS & was in the conference call. I saw nothing to warrant this sell off. CRN to me looks wildly anomalously (under)valued both in general & compared to any other builder. For this valuation to hold true you'd have to assume a/ part of the business will comprehensively implode & b/ they comprehensively fail to deliver on their s-curve.
So .......... gulp .............. big big buying @ £4-80 & I'll probably be back again. We shall see!
"As cyclical sectors go, it doesn't get much more cyclical than housebuilders.You might think that an environment where house prices are showing only tentative signs of recovery and where funds for mortgage lending are tight might be a negative ..."
A quiet board, nice to see your posts Mr Greyinvestor. Crest seemed to be the best performing of the builders today up 10% on the back of Taylor Wimpey's results/comments on the housing market.
We will have to wait until 31st October 2016 for CRST half-year results.
finding stocks to be substantially trading below intrinsic value, however, that may go down as analysts adjust their cash flow estimates to the new market reality
i came across CRST, quite beaten down http://bit.ly/29ip1CM
"Crest Nicholsons delivery of yet more excellent operational and financial results was, perhaps, best demonstrated by the Board choosing to hike its interim dividend by +42%. Understandably, however, the CEO adopted a cautious tone ahead of the EU referendum on 23rd June, recognising the possible impact on consumer confidence and setback in house prices that could potentially ensure should the Bank of England feel obliged to protect Sterling with a short-term rise in interest rates, or should the UK rapidly enter recession amid financial markets turmoil and uncertainty. The markets which have, of course, been discounting such factors for some time already, further punished Crest Nicholson yesterday pushing its share price down -7% as BREXIT fears compounded. The fact that positive fundamentals are presently being ignored in favour of fantasies of worse-case what if economic scenarios does, however, present investors who possess very firm opinion regarding the BREXIT outcome with an important buying opportunity. Housebuilders, like Crest Nicholson, that have been amongst the worst punished on BREXIT fears should be considered an obvious trading play for those choosing to do so through cash-equities investments. While history reminds us that UK housebuilding can be a viciously cyclical place in which to operate, the current background of low interest rates, more relaxed planning, government subsidies and obvious undersupply at a time when smaller, traditional, jobbing builders are being all-but squeezed out of the existence, suggests the larger quoted vehicles have rarely had it so good. Crest Nicholson itself has continued to deliver on best expectations, presently remains well-positioned to deliver its target revenue of £1bn by October 2016, rising to £1.4bn (on delivery of 4,000 homes) by 2019. Beaufort has recently taken a brave stance on the UK housebuilder and building material sectors, revising its overall stance from Neutral back to Overweight. Although financial markets do routinely overshoot, the sectors share prices now appear to largely discount realistic expectations. Following yesterdays fall, Crest Nicholson looks almost bargain basement given a current year P/E of 8.4x, a P/NAV 1.83x and a full year yield 5.5%."
Read Beaufort Securities's note on CREST NICHOLSON HOLDINGS (CRST), out this morning, by visiting https://www.research-tree.com/company/GB00B8VZXT93
"Crest Nicholson remains well-positioned to continue delivering strong operational and financial performance. Also, the company remains on track to reach its stated target of £1bn in revenues in 2016. Meanwhile, the land market continues to offer good opportunities as the business has maintained a disciplined approach to land acquisitions. Overall, the housing sector continues to witness strong demand for new homes due to robust employment conditions and good mortgage access. However, uncertainty surrounding the Brexit referendum may affect the company due to nationwide presence. Beaufort downgraded its overweight stance on the entire sector some weeks back, during which time the rating on Crest Nicholson was also revised downwards formally from 'Buy' to 'Hold'. Following yesterday's trading statement, Beaufort has not yet revised its recommendation but recognises that the sharp correction recently experienced across the sector now prices in much of these concerns. Anticipating a 'remain vote' on 23rd June..."
"Buyers rejoiced after LSE:CRST:Crest Nicholson, safely on the road to recovery after a 2011 shocker, released its 2015 breakdown this week. Operating in a healthy market, the housebuilder is not only on track to make over Â£1 billion in sales this ..."
<b>Crest Nicholson Holdings PLC (CRST) Given Buy Rating at Peel Hunt
November 30th, 2015 0 comments Filed Under by ABMN Staff</b>
Crest Nicholson Holdings PLC logoCrest Nicholson Holdings PLC (LON:CRST)s stock had its buy rating reiterated by Peel Hunt in a report released on Monday, MarketBeat.com reports. They currently have a GBX 675 ($10.21) price objective on the stock. Peel Hunts price target would indicate a potential upside of 28.61% from the stocks current price.
Several other research analysts also recently commented on CRST. Deutsche Bank reaffirmed a hold rating on shares of Crest Nicholson Holdings PLC in a research report on Friday, August 21st. Barclays reissued an overweight rating on shares of Crest Nicholson Holdings PLC in a research report on Wednesday, September 2nd. Goldman Sachs upgraded Crest Nicholson Holdings PLC to a conviction-buy rating and raised their target price for the stock from GBX 590 ($8.92) to GBX 790 ($11.95) in a research note on Wednesday, September 9th. Finally, JPMorgan Chase & Co. upgraded Crest Nicholson Holdings PLC to an overweight rating and lifted their price objective for the company from GBX 600 ($9.08) to GBX 650 ($9.83) in a research note on Monday, November 2nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Crest Nicholson Holdings PLC has an average rating of Buy and an average target price of GBX 640.87 ($9.69).
Crest Nicholson Holdings PLC (LON:CRST) traded up 3.4682% on Monday, hitting GBX 537.0000. The stock had a trading volume of 463,780 shares. Crest Nicholson Holdings PLC has a 52-week low of GBX 342.00 and a 52-week high of GBX 598.50. The company has a 50-day moving average price of GBX 524.28 and a 200 day moving average price of GBX 542.28.
Crest Nicholson Holdings Plc, formerly Crest Nicholson Holdings Limited, is engaged in the design and delivery of sustainable housing and mixed-use communities. The Companys product range includes houses, apartments and commercial units on mixed-use developments. Its regional house building divisions consist of Eastern, South, South West and London. The Company focuses in the southern half of England with an emphasis on creating designed homes in sustainable communities. As of October 31, 2012, the Company had delivered 1,882 homes
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