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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • CRST
  • Price:
  • 260p
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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