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Crest Nicholson

January 2022

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:
  • 359p
Although mortgage approvals have plunged, housebuilder Crest Nicholson said full year profits will be marginally ahead of consensus forecasts and while cost inflation is a challenge, it’s mitigated by raising prices.Interestingly, the group has introduced new medium-term targets to achieve in excess of 3,000 units annually by FY’24 and 4,200 by FY’26. To that end, plans to open new divisions in Yorkshire and East Anglia next year have been implemented.Eps is forecast to rise sharply from an expected 31p this year to 41p and 50p in ’22 and ’23, dropping the prospective PE to 8.7 and then 7.2. Highlighted at just 198p in November ‘20, I am a buyer on dips. ...

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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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