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/

Brokers TIPS: Barclays' says top pick for CRST

Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive".

In a note on the UK housebuilding sector, the bank said that aside from a brief spike in cancellations immediately after the Brexit vote - which was largely confined to London and commuter towns - housebuilders continue to trade well.

"The EU referendum vote now joins a list of recent headwinds (a general election; the Scottish independence vote) that have failed to derail the sector. Indeed, as memory of the vote continues to fade, strong fundamentals come more sharply into focus.

"With mortgage rates at record lows, government commitment strong (Help to Buy Equity Loans remain in place until 2021) and an embarrassment of riches on offer in the land buying market, fundamentals remain intact," it said.

Barclays said trading since the vote to leave the European Union has defied expectations, while wider economic fears have also tempered. As a result, it lifted price targets on a number of stocks across the sector.

As far as overweight-rated Crest Nicholson is concerned, it pointed to a strong top-line growth focus driven by a move to higher price points.

In addition it said the company's Southern footprint captures attractive end markets. It also argued that the group has "highly-regarded land buying credentials and the fastest sales rate in the listed space".

This is going down daily as are some of the other house builders .

Brokers tips are useless... this is going down. sub 400p again

I am never influenced by brokers tips , TW. has been a good share to trade of late although are we heading for a correction . In the current climate housing stocks should be a good bet.

Morning MARKET REPORT

FTSE 100 was down 75 points, , while FTSE 250 dropped 200 points.

sectors
Lower included commercial property guided by Land Securities (LAND), down 1.32% to 1011.5p, while house builder Persimmon (PSN) sagged 2.19% to 1656p and Taylor Wimpey (TW.) was down 2.03% to 139.90p

How the 200 SMA is working with the 6 month chart
House builders at work

408.20p +9.20 (+2.31%)

Moving higher today with the rest of the sectors, lets see for how long it will last.

Is motoring now 415p +16p

I wouldn't call this motoring.

re - motoring

best performer of the builders

Ofcourse not for you >>>> if you haven't got a motor, just a BIG mouth

CRST 404p ... certainly that's motoring for u.

Stupid girl

that's today not Friday

Have you been sleeping all weekend?

no one to take out Ugly sister for halloween?

CRST must be motoring on a Vespa or Lada engine... LOL

only down -2.70p now

and best performer of the builders

"ugly sister" will not be happy if it recovers from this morning marked down

the market is at worse of the day 50 points down

413.90p +7.00 +1.79%

Trying to bounce back, but very difficult on this market at the moment, the FTSE once again opening higher but now on the red

Once again one of the best performers of the housing stocks

Promising looking chart mentor, bit more volume and your on.

LATEST BROKER VIEWS

Date Broker New target Recomm.
1 Nov Deutsche Bank N/A Hold
4 Oct Canaccord... 450.00 Buy
4 Oct Deutsche Bank 514.00 Hold
2 Sep Deutsche Bank 514.00 Hold
15 Aug JP Morgan... 550.00 Overweight
28 Jul Deutsche Bank 514.00 Hold
26 Jul Deutsche Bank 514.00 Hold
7 Jul Barclays... 434.20 Overweight
4 Jul Deutsche Bank 542.00 Hold
28 Jun Deutsche Bank N/A Hold

Christ

do not shout too much or "ugly sister" will not be happy

targets are well far away, so plenty of room for share price to improve
Indicators also moving higher from oversold and now MACD crossing up "0" and also divergence at the same time so ...... BINGO

419.30p + 12.40 +3.05%

China's Evergrande in talks to buy British housebuilder Cala-source

Nov 1 (Reuters) - China Evergrande Group, China's second-largest property developer, is in "early stage" talks to buy Cala Homes, a person familiar with the upmarket British housebuilder told Reuters.

Edinburgh, Scotland-based Cala Homes, which is owned by insurer Legal & General and real estate managers Patron Capital, was being advised on the offer by investment bank Lazard, its long-term advisor, the person said.

Sky News, which first reported on the approach, said Evergrande's offer could be worth close to 700 million pounds. (China's Evergrande in talks to buy Cala

Cala, which builds large, high-end homes across affluent areas of Britain such as around the M25 motorway which circles London, in the Midlands and Scotland, reported revenue of 587.1 million pounds for the year ended June 30, 15 percent higher than a year earlier. Net bank debt stood at 123.9 million pounds at end-June.

In its results statement in October, Cala said it had a contracted land bank with gross development value of 4.7 billion pounds as of end-June and that enquiry levels and reservation rates had risen in the 13 weeks after the EU vote on June 23.

"From time to time we may find ourselves the subject of speculation but from our perspective it is very much business as usual," a Cala spokesperson said in an emailed statement.

Legal & General, Patron Capital and Evergrande declined to comment.

The approach comes as recent mortgage data and statements from housebuilders have indicated that the UK housing market is recovering somewhat from a sharp downturn in activity that followed Britain's vote to leave the European Union.

The Brexit-induced pound slide has fuelled foreign demand to invest in the sector, especially from Chinese buyers keen to diversify away from a slowing home market.

China Vanke confirmed in September that it had bought a London office property.

For Guangzhou-based Evergrande, one of the most indebted companies in the industry, the purchase of Cala would mean access to the UK housing market as developers benefit from a chronic supply shortage. Britain launched a 5 billion-pound homebuilding stimulus package last month.

Evergrande has been aggressively investing in other companies as it looks to lift some of the pressure of having amassed some $57 billion in debt, almost six times its market value, on land acquisitions and corporate mergers

427.30p +6.30 (+1.50%)

Yesterday's bounce is continuing this morning despite the market being lower
There is volume today