You are here

Prices & Quotes - UK Markets - Crest Nicholson Holdings (CRST)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 237.60p
Change Today:
-2.40p
Market Cap:
610.44m
Sector:
Household Goods & Home Construction

Crest Nicholson scraps dividend to protect against coronavirus impact

By Sean Farrell

Date: Thursday 19 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Crest Nicholson has scrapped its dividend and drawn the maximum from its debt facility to protect the company from the "unprecedented" threat posed by the coronavirus pandemic.
The FTSE 250 housebuilder said it would cancel its final dividend of 21.8p a share due for payment on 9 April. It will fully draw on its 250m revolving credit facility to make 185m of cash available.

The company said it expects government measures to contain the virus to "have a significant impact on visitor levels, production capability and trading performance over an unclear timeline".

Crest Nicholson said it would suspend all financial guidance until the severity and duration of the COVID-19 pandemic was clearer. The company said it was taking measures to cut costs and conserve cash to shore up its balance sheet.

"The board recognises that these are significant steps to take, but when faced with this unprecedented and unpredictable situation, considers it to be prudent to protect the company's cash position and maintain a robust balance sheet," the company said. "We consider these measures to be in the best interests of all our stakeholders and will best ensure the long-term viability of the business at this time."

The company said it was planning to go ahead with its annual general meeting on 24 March but it advised shareholders to stay away and submit questions in advance and vote by proxy.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CRST Market Data

Currency UK Pounds
Price 237.60p
Change Today -2.40p
52 Week High 519.00p
52 Week Low 164.50p
Volume 854,403
Shares Issued 256.92m
Market Cap 610.44m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
EPS Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 3
Sell 0
Strong Sell 2
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRST Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 19-Sep-19
Paid n/a 04-Oct-19
Amount 0.000p 11.20p

Trades for 20-Oct-2020

Time Volume / Share Price
16:35 151,516 @ 237.60p
16:29 1 @ 238.00p
16:29 6 @ 238.00p
16:29 8 @ 238.00p
16:29 247 @ 238.00p

CRST Key Personnel

CEO Peter Truscott
COO Tom Nicholson