Crest Nicholson has been building new homes for over four decades and is firmly established as a leading developer with a passion for not just building homes, but creating vibrant sustainable communities. Our mission is to improve the quality of life for individuals and communities, both now and in the future, by providing better homes, work places, retail and leisure spaces. Most importantly, we place our customers at the heart of everything we do.

Our development portfolio ranges from contemporary city centre apartments and townhouses to traditional detached family homes and complex regeneration schemes. The success of long term partnership developments such as Park Central in Birmingham, as well as innovative low carbon developments including One Brighton, ICON and Avante, underline the Group's determination to lead the industry in its quest to create innovative development solutions which positively contribute towards achieving a sustainable future.

In today's low carbon world, it is our unrivalled vision and values in design, customer service, innovation and environmental stewardship that set us apart. Responding to the challenges posed by climate change and urban renewal forms an integral part of our approach, positioning us well to lead in the complex and challenging process of delivering sustainable communities.

I am particularly proud of the recognition that we have achieved for our contribution to the built environment. To be bestowed with The Queens Award for Enterprise in Sustainable Development category in 2007 was a real honour. This 5 year accolade is proof of our continued commitment to producing high quality developments that champion the very best principles in sustainability and design. It demonstrates our unquestionable passion in delivering communities where people genuinely want to live, work and play.

Ultimately however, the greatest accolade comes directly from our purchasers and nine out of ten have said that they would be happy to recommend Crest Nicholson to a friend. While both the House Builders Federation and our own independent consultants verify that our customer satisfaction is improving year on year, we will not become complacent. Our priority is to continue to build on this track record and deliver our customers with a home and level of service that continues to surpass expectations.

http://www.crestnicholson.com/

Harry , correct they have a huge land bank.

The sp did shoot up on the initial offering. A small drop today, will keep a close eye .


Land bank value.

With around 95 per cent of its 16,959-plot short-term land bank focused on the more prosperous south of England. There are a further 12,623 plots in the strategic land bank, and total land holdings have an estimated gross development value of £6.8bn

A small slip today, watching.

Are these actually trading. Thought it was just the grey market this week.

Yes g, started trading on Monday.

Cheers DC. Bit expensive now then to issue SP.

Picked some up today, the question being will they get cheaper?

In IC this week - An operating margin of 17.7% puts Crest Nicholson up with the best of the housebuilders. While other builders are still repairing margins as they work through legacy land bought before the credit crunch, Crest wrote down the value of its substantial land bank in 2009, so its margins have already recovered. That said the levels should sustained as a result of a fall in the overrheads/sales ratio as extra
volumes do not require much more overhead. Valuations on the 220poffer price put the shares on just 5.6 times 2015 EPS, according to Peel Hunt, with a price to book value of 0.74 2015 -adjusted net tangible value - both are a significant discount to other housebuilders, which still applies with the shares at 265p.
Analysts at liberum Capital are forecasting strong volume growth to boost operating profits by around 11% a year up to 2016. All the major housebuilders are trading at a premium or close to net tangible assets, which suggests that Crest Nicholson still has some catching up to do.

A good rise today.

Good rise on the back of strong purchasing today.

Crest Nicholson Holdings PLC (CRST:LSE) set a new high during today's trading session when it reached 298.68. Since the IPO on Feb 13, 2013, the share price is up 15.69%.

Crest Nicholson Holdings PLC (CRST:LSE) set a new high during Monday's trading session when it reached 298.68. Since the IPO on Feb 13, 2013, the share price is up 15.59%

up 7.89%



Crest Nicholson Holdings PLC (CRST:LSE) set a new high during today's trading session when it reached 325.00. Since the IPO on Feb 13, 2013, the share price is up 24.51%.

Crest Nicholson Holdings: HSBC Holdings initiates with a target price of 360p and an overweight rating.

As of Apr 08, 2013, the consensus forecast amongst 4 polled investment analysts covering Crest Nicholson Holdings PLC advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Apr 02, 2013. The previous consensus forecast advised investors to purchase equity in Crest Nicholson Holdings PLC.

Good rise today, although not high volumes.

:-))

You don't reckon the 360p target by HSBC is achievable?

More concerned for a ftse drop ?

StockMarketWire.com
Crest Nicholson saw strong growth in the first half of the financial year, with 810 housing legal completions, representing a 9% increase over the 746 achieved in the six months to 30 April 2012.

Open-market legal completions at 699 (2012: 537) were up 30%, while the number of affordable units reaching legal completion, at 111, was significantly lower than the 209 achieved in 2012.

This is in line with management expectations and it is expected that the full-year split between open-market and affordable units will be broadly similar to prior years. It adds: "On the commercial front, the new Waitrose supermarket that we have built on our Oakgrove site at Milton Keynes is due to open shortly and the team have exchanged contracts with Morrisons to build a foodstore at our Centenary Quay development in Southampton." Chief executive Stephen Stone said: "Crest has made a strong start to its first two months as a listed company, with the business performing in line with the Board's expectations.

"Signs of improved access to mortgages together with the initiatives that the Government has put in place should serve to stimulate activity in the industry and assist people in purchasing a new home.

"The sites that we have acquired and new outlets that we have opened will continue to support our growth objectives."