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Crest Nicholson

January 2024

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.

Crest Nicholson has guided to a slight reduction in pretax profit forecasts from £50m to £45m-£50m, citing higher build costs at its Farnham site. This is partially offset by higher savings of £3m achieved. Clearly, market conditions remain challenging although Crest still has a strong balance sheet with net cash expected to be c. £65m at the year-end. Excluding bulk sales, the sales per outlet per week was 0.39 for the last ten weeks, an improvement on the 0.25 in the seven weeks ended 21 August, but down from the 0.55 seen this time last year. New eps forecasts are for 13.5p for the year ended October, and 11.3p in FY’24. On a price / tangible net asset value the shares trade on a lowly 0.5x. A hold for recovery, pote ...

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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)

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Crest Nicholson

January 2024

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