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Crest Nicholson

March 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.

  • Epic Code:
  • CRST
  • Price:
  • 218p
In what has been an exceptionally tough period for house builders, Crest Nicholson’s final results unveiled adjusted pretax profit of £41m (below already downgraded guidance of £45m-£50m). Revenues fell 28% to £657.5m driven by a 26% reduction in completions to 2,020 and eps fell to 7.0p (FY22: 10.3p). Profits were also hit by the identification of further incremental costs at its large project in Farnham while it also expects to record a non-cash charge of £13m relating to a low-rise apartment scheme damaged by fire in 2021. While it’s encouraged by “interest levels in January and  a more constructive backdrop for house buyers and the wider market” following recent reductions in fixed rate mortgages, it is sensibly reducing its c ...

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Crest Nicholson - New target to increase home sales from 2,530 to 4,000 by 2019 (August 2015)
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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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