Updates

Crest Nicholson

July 2017

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.

With such conflicting data on mortgage approvals, build rates and consumer confidence it’s hard to fathom a direction for the housing market but Crest Nicholson continues to impress. Its update covering the six months ended 30th April noted trading in line to deliver growth in unit sales and revenues of around 10% for the full year ending 31st October.Average selling prices (ASP) have risen, reflecting changing mix towards higher quality locations and ASPs in the first six months, excluding private rented sector, were 12% higher at £412,000 (2016: £372,000).That changing also resulted in slightly lower sales rate per outlet per week of 0.81 versus 0.87. Unit completions in H1 were 1,064 (2016: 1,206).At the ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Crest Nicholson

July 2017

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