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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

Wednesday preview: European business confidence, Crest Nicholson in the spotlight

By Alexander Bueso

Date: Tuesday 23 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Financial markets' focus on Wednesday will be on the release of multiple business confidence surveys across the Continent.
Foremost among the above will be the IFO institute's gauge for Germany in June, flanked by comparable surveys due out in Belgium, France and Sweden.

All of them are expected to reveal a marked improvement versus the prior month.

No major economic releases are slated for release on home shores.

Stateside, the FHFA's house price index for April is set to be published later in the day.

Further afield, rate-setters in New Zealand and Taiwan are due to meet to decide on policy.



On the companies side of things, Crest Nicholson will present its first half report card.

But according UBS's Anastasia Solonitsyna what will truly be foremost on investors' minds will be what the homebuilder has to say regarding its outlook.

In particular, Solonitsyna was seeking more information around recent trends in orders and cancellations, legal completions taken since building resumed on its sites, on 18 May, and on its cash generation.

For the latest six-month stretch meanwhile, the analyst had penciled-in a 14.5% year-on-year drop in total sales to reach 398.0m on the back of a 10.0% drop in the number of completions.

At 349,000 on the other hand, the company's average selling prices were seen just 5% lower, with gross margins expected to have shrunk from 19.8% to 14.9%.

Crest's profits before tax were pegged at approximately 29.0m, for 9.2p per share in earnings.

For the full-year, she expected the outfit to record a 31% decline in revenues to 747.0m, alongside a decline in operating margins from 12.2% to 7.3% for profits before tax of 40.0m.



On the companies side of things, Crest Nicholson will present its first half report card.

But according UBS's Anastasia Solonitsyna what will truly be foremost on investors' minds will be what the homebuilder has to say regarding its outlook.

In particular, Solonitsyna was seeking more information around recent trends in orders and cancellations, legal completions taken since building resumed on its sites, on 18 May, and on its cash generation.

For the latest six-month stretch meanwhile, the analyst had penciled-in a 14.5% year-on-year drop in total sales to reach 398.0m on the back of a 10.0% drop in the number of completions.

At 349,000 on the other hand, the company's average selling prices were seen just 5% lower, with gross margins expected to have shrunk from 19.8% to 14.9%.

Crest's profits before tax were pegged at approximately 29.0m, for 9.2p per share in earnings.

For the full-year, she expected the outfit to record a 31% decline in revenues to 747.0m, alongside a decline in operating margins from 12.2% to 7.3% for profits before tax of 40.0m.

Wednesday 24 June

INTERIM DIVIDEND PAYMENT DATE

Fidelity Special Values

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

House Price Index (US) (14:00)

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

MBA Mortgage Applications (US) (12:00)

GMS

O'Key Group GDR (Reg S) (WI)

FINALS

Alpha Financial Markets Consulting, Discoverie Group, HarbourVest Global Private Equity Limited A Shs, Iomart Group, Manolete Partners, Premier Foods, Savannah Energy, Stagecoach Group, ULS Technology

ANNUAL REPORT

HarbourVest Global Private Equity Limited A Shs, Savannah Energy

AGMS

Airtel Africa , Alpha Fx Group , Creo Medical Group, Eden Research, Emmerson, Futura Medical, Gemfields Group Limited, GVC Holdings, LMS Capital, LongBoat Energy (Reg S), Loopup Group , NetScientific , Northbridge Industrial Services, Pires Investments, Secure Trust Bank, Tclarke , The Pebble Group, Tribal Group, VPC Specialty Lending Investments, Watchstone Group

FINAL DIVIDEND PAYMENT DATE

Avast, Capital & Regional



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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
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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sector
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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