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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Crest Nicholson - Shares hit all time high

March 2015

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:
  • 455p
The shares soared triumphantly to an all-time high of 466p after house builder Crest Nicholson published strong results and announced plans to reduce dividend cover from 2.7x to just 2x, which means dividends are now forecast to soar from 14.3p in ’14 to 33.2p in ’17!For the year to 31 October turnover increased 21% to £636m while pretax profit and eps both rose 34% to £117m and 38.7p respectively. Housing unit completions jumped 17% to 2,530, meeting a key milestone a year early as improving economic conditions and better mortgage availability underpinned the market. Gross margins rose from 26.9% to 28.6% helped by selling price inflation exceeding cost inflation, the latter aggravated by a shortage of skil ...

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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.

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