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/

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

UK houses cost six times average earnings despite price growth slowdown

the average annual wage, Nationwide said on Wednesday.

House prices rose 4.6% in October from a year ago to an average of £205,904, slowing from 5.3% growth in September. Compared to a month ago, prices in October were flat following a 0.3% month-on-month rise in September.

Nationwide's chief economist Robert Gardener said: "Measures of housing market activity remain fairly subdued, with the number of residential property transactions around 10% below the levels recorded in the same period of 2015 in recent months.

"However, this weakness may still in part reflect the after-effects of the introduction stamp duty on second homes introduced in April, where buyers brought forward transactions to the first quarter to avoid additional stamp duty liabilities."

The housing market remains supported by solid labour market conditions and low borrowing costs despite uncertainty on the economic outlook following Brexit, Gardner added.

A shortage of homes on the market and modest rates of housing construction are likely to keep the demand/supply balance fairly tight, he said.

While house price increases have been stable over the past 18 months at an average of 5%, it exceeds average wage growth.

"Indeed, over the past three years, house prices increased by around 20% while wages have risen by around 6%," Gardner said.

"As a result, the typical house now costs six times average earnings, up from 5.3 times earnings in 2013."

434.90p +9.20 (+2.16%)

another good rise and now 3 in a row
with volume best of the month over 2.7M

Sold at 474p after a sharp marked up on the morning after update .....

Crest's growth

Crest Nicholson has continued to grow housing volumes in 2016, with open-market unit completions at 2,292 up 7% and overall housing delivery up by 5%.

Open-market average selling prices have increased by 20% to �371k, in line with its strategy to re-position the business by 2016 at broadly this level.

As a consequence, it anticipates reported revenues for the year to be approximately �1billion, in line with its stated target and a landmark achievement for the business.

An update says: "Underlying sales rates for the year, excluding PRS, averaged 0.81 sales per outlet week (2015: 0.90). The reduction in sales rates in part reflects the higher average selling price of the locations and product which we have been selling this year. In addition, during June and July, either side of the referendum on UK membership of the EU, sales volumes temporarily reduced alongside an increase in the level of cancellations, as uncertainties raised during the referendum and following the vote to leave, had an impact on purchaser confidence.

"By the beginning of August, purchaser confidence had largely recovered and sales rates across the last quarter of the year have averaged 0.77 (2015: 0.77), in spite of the mix being oriented towards higher ASP product. Site numbers have also continued to grow, and as a result, Q4 2016 open-market sales revenues (excluding PRS) are 44% higher than the equivalent quarter last year.

"The average number of sales outlets across the year was 47, an increase of 7% over the 44 achieved in 2015.

"The business has continued to make selective additions to its short-term land pipeline, whilst also achieving planning consents on seven strategic sites in the period and transferring them into the short-term land pipeline. A further 20 of our strategic sites are included in allocations or draft allocations and progressing through the planning process. Maintaining momentum through planning is a major challenge for the industry and continues to be a key focus for the business, as it enables us to increase site numbers and grow our contribution to housing delivery."

13:10 06/12/2016
Broker Forecast - Canaccord Genuity issues a broker note on Crest Nicholson Holdings Plc
Canaccord Genuity today reaffirms its buy investment rating on Crest Nicholson Holdings Plc (LON:CRST) and raised its price target to 530p (from 450p). Story provided by

Final results


Highlights

· Sales target of £1bn reached

· Statutory revenues of £997.0m plus £3.3m through joint ventures (2015: £804.8m and £2.4m) - up 24%

· Volumes up 5% at 2,870 homes (2015: 2,725)

· Pre-tax profit up 27% to £195.0m (2015: £154.0m)

· Operating profit margin up to 20.4% (2015: 20.3%)

· Return on capital employed improving to 31.3% (2015: 26.8%)

· Net cash at year-end of £77m (2015: Net debt of £30.6m and gearing of 4.9%)

· Gross development value of land pipelines up 2% to £10,646m (2015: £10,466m)

· Forward sales at mid-January of £533.5m (2015: £511.8m), 4% ahead of prior year with 37% of this year's forecast secured (2015: 37%)

· Total dividend of 27.6p up 40% and covered 2.25x by earnings (2015: 19.7p and 2.5x cover); re-iterating commitment to 2.0x dividend cover by 2017

· On target to deliver £1.4bn sales and 4,000 homes by

Proactive investor -Housebuilder Crest Nicholson says trading environment has “remained generally robust"
Share
10:30 23 Mar 2017
Crest said cumulative forward sales revenues are £312mln, broadly level with the £311mln achieved at the same point last year, with total forward sales 5% higher at £506mln

The group re-iterated its commitment to further stretching targets for 2019 to 4,000 homes and £1.4bln of sales
Housebuilder Crest Nicholson Holdings PLC (LON:CRST) will tell its annual general meeting today that the trading environment has “remained generally robust, with good sales across our areas of operation.”
In its AGM statement, Crest said: “Purchasers continue to benefit from strong levels of employment and wide mortgage access; modest levels of sales price inflation in line with earnings growth are also helping to maintain affordability.”
The group pointed out that cumulative forward sales revenues are £312mln, broadly level with the £311mln achieved at the same point last year, with total forward sales 5% higher at £506mln.
The FTSE 250-listed firm said: “After the disturbance last year arising from the vote to leave the European Union, the Company was pleased to have reached landmark sales of £1billion (including through joint ventures), in line with our stated target and representing a 90% increase in revenues from 2013, the year in which the Company was re-listed after its IPO.”
Crest re-iterated its commitment to further stretching targets for 2019 to 4,000 homes and £1.4bln of sales.
The firm concluded: “The robust sales outlook, combined with the actions that the business is taking to expand its operational footprint, underpin the Board's confidence that the Company will continue to deliver on its stated growth objectives".
Shares good run ...
In a note to clients, Peel  Hunt analyst Gavin Jago said: “Short but reassuring statement which reports that trading has been generally robust and sales good across its geographies.”
He pointed out: “The shares have had a strong start to 2017, up by 24% vs 18% for the sector average.
“Despite the good run, the shares continue to look good value trading on a P/NAV of 1.67x vs sector average of 1.80x for 2017, while its RoE is 23.9% vs sector average of 21.0%.
“The dividend yield is also a key attraction at 6.5% for CY2017.”
The analyst said he is making no changes to forecasts for Crest, and maintained a ‘buy’ rating on the stock with a 690p target price.
In mid morning trading, Crest shares were 0.4%, or 2p lower at 559p

Builders are still in bullish mood

This chart from post 145 suggests a possible (temporary) pull-back

bought some at 540p

Has been holding at around this price all day and part of last Friday, it seems as support after dropping heavily for the last few days

Has been underperforming the other house builders for the last month

541.50p

There is life for the house builders again today, and CRST does not want to left behind it seems.

There is more trading than yesterday at this time and the volume has gone to 200K on 1 hour of trading