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/

Better to be born lucky than rich Bb!....apparently.

Found this - If you are born rich then you are lucky to have been born rich. If you were born just lucky and not rich so you were unlucky to not be born rich.
So, I would say let’s be born rich.

Many are lucky that they were born at all, or anywhere else.

Well, that's possibly true dc, but the theory is, if you are not lucky, then you risk losing the riches you inherited during your life. I'm definitely in the 'best to be lucky' camp.

So you are nearly rich. :-))

We're all alive and kicking. ...... anything else is lucky if it comes your way. 😉

StockMarketWire.com
House-builder Crest Nicholson on Wednesday cut its profit guidance for the full year blaming lower margins owing to rising costs and subdued sales as home buyers shunned higher priced homes in the South East and London.

The company said it now expected that full-year pre-tax profit would be in the range of £170m to £190m.

The company's efforts to mitigate sales volume reductions underpinned revenue and receipts, but impacted margin, which was now expected to be lower than the previous guidance of 18%.

Sales in the usually busy autumn period remained 'subdued' amid a lack of confidence among discretionary buyers, who cited economic and political uncertainty as a disincentive to purchase homes, the company said.

Reservation levels at the homebuilder's London sites had 'slowed significantly,' exerting downward pressure on pricing in areas where affordability is most stretched, the company added.

The company launched a three-pronged strategy to help offset the difficult market backdrop, vowing to focus on shareholder returns by prioritising cashflow and dividends, maximising value in the portfolio and improving operational efficiency.

The company said it would continue to pay a dividend of 33p for 2018 and, if there were no material deterioration in current market conditions, it would maintained the payment for 2019.

The company also launched a 'new core housing range' to drive efficiency savings in a number of areas and help to offset current margin pressures. 'The usual Autumn pick up in sales volumes has not been evident during September and October, with many customers putting off decisions to buy whilst current political and economic uncertainties persist,' said Stephen Stone, Executive Chairman. 'Mindful of the current uncertain market environment, our new strategy will focus on shareholder returns by prioritising cash flow and dividends, maximising the value in our portfolio, and improving operational efficiency.'

Interesting buys.



Director Deals - Crest Nicholson Holdings Plc (CRST)
BFN
Stephen Stone, Chairman, bought 150,000 shares in the company on the 19th October 2018 at a price of 302.90p. The Director now holds 3,670,080 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.sharesmagazine.co.uk


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BFN
Leslie Van de Walle, Non Executive Director, bought 20,000 shares in the company on the 19th October 2018 at a price of 305.37p. The Director now holds 32,000 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.sharesmagazine.co.uk

Finals https://www.moneyam.com/action/news/showArticle?id=6293040

Share price UP over 6% on good yield ~ 9+% and hope.

TP 390+