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Crest Nicholson Holdings PLC (CRST.L)

CRST.L on London Stock Exchange

447.00GBp
23 May 2018
Change (% chg)

-1.00 (-0.22%)
Prev Close
448.00
Open
448.00
Day's High
450.80
Day's Low
443.00
Volume
2,184,999
Avg. Vol
1,461,488
52-wk High
638.00
52-wk Low
411.00

Latest Key Developments (Source: Significant Developments)

Crest Nicholson Holdings Sees FY Growth In Reported Revenues To Be Over 15 Pct
Wednesday, 16 May 2018 

May 16 (Reuters) - Crest Nicholson Holdings PLC ::FORWARD SALES FOR 2018 YEAR INCLUDING YEAR TO DATE COMPLETIONS ARE 11% AHEAD OF SAME PERIOD LAST YEAR.GENERALLY FLAT PRICING AGAINST A BACKDROP OF CONTINUING BUILD COST INFLATION AT 3-4% WILL MEAN THAT OPERATING MARGINS FOR FY EXPECTED TO BE AROUND 18%.ANTICIPATE GROWTH IN REPORTED REVENUES FOR YEAR TO BE OVER 15%.OPEN-MARKET AVERAGE SELLING PRICES (ASP) HAVE INCREASED BY 5.0% TO £439K FOR SIX MONTHS ENDED 30 APRIL 2018.SALES OUTLETS CONTINUE TO GROW STEADILY AND FOR FIRST HALF OF 2018, AVERAGED 52, A 6% INCREASE ON 49 OUTLETS IN OPERATION AT 30 TH APRIL 2017.SALES AT HIGHER PRICE POINTS WILL CONTINUE TO BE IMPACTED BY SLOW SECOND-HAND MARKET AND LIKELY TO RESTRAIN OVERALL PRICE GROWTH IN NEAR TERM.BOARD REMAINS CONFIDENT THAT BUSINESS IS WELL POSITIONED TO CONTINUE TO DELIVER A STRONG OPERATIONAL AND FINANCIAL PERFORMANCE IN MEDIUM TERM.BUSINESS CONTINUES TO INCREASE NUMBER OF HOMES BUILT AND CARRIES POSITIVE MOMENTUM INTO SECOND HALF OF 2018.FLAT PRICING HAS HAD A NEGATIVE IMPACT ON MARGINS.UNIT COMPLETIONS FOR SIX MONTHS ENDED 30 APRIL 2018 1,251 VERSUS 1,064.  Full Article

U And I Group Says Sale Of Machine Store To Crest Nicholson
Wednesday, 21 Mar 2018 

March 21 (Reuters) - U AND I GROUP PLC ::ANNOUNCES SALE OF MACHINE STORE AT OLD VINYL FACTORY DEVELOPMENT TO CREST NICHOLSON, REALISING GAINS OF £2.0M IN FY18.  Full Article

Crest Nicholson Says ‍Patrick Bergin Promoted To CEO
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Crest Nicholson Holdings Plc ::‍PATRICK BERGIN PROMOTED TO CHIEF EXECUTIVE OFFICER WITH EFFECT FROM 22 MARCH 2018​.‍STEPHEN STONE TO BECOME EXECUTIVE CHAIRMAN WITH EFFECT FROM 22 MARCH 2018​.‍WILLIAM RUCKER, CHAIRMAN WILL NOT STAND FOR RE-ELECTION AS NON-EXECUTIVE CHAIRMAN LEAVING BOARD AT COMPANY'S AGM​.‍LESLIE VAN DE WALLE APPOINTED DEPUTY CHAIRMAN AND SENIOR INDEPENDENT DIRECTOR OF COMPANY WITH IMMEDIATE EFFECT​.  Full Article

Crest Nicholson Says ‍Targeting To Deliver 1.4 Bln Sstg Sales By 2019​
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Crest Nicholson Holdings Plc ::FY PRETAX PROFIT ROSE 6 PERCENT TO 207 MILLION STG.FY SALES ROSE 7 PERCENT TO 1.066 BILLION STG.FINAL DIVIDEND 21.8 PENCEPER SHARE.‍FY PRE-TAX PROFIT UP 6% TO £207.0M (2016: £195.0M)​.‍TARGETING TO DELIVER £1.4BN SALES BY 2019​.‍FY VOLUMES UP 2% AT 2,935 HOMES​.  Full Article

Crest Nicholson Holdings sees FY growth in reported sales about 6-7 pct
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - CREST NICHOLSON HOLDINGS PLC ::‍OVERALL HOUSING UNIT COMPLETIONS IN 2017 WERE UP BY 2.3% AT 2,935 HOMES.​.FY OPEN-MARKET AVERAGE SELLING PRICES HAVE INCREASED BY 5.4% TO £391K​.‍ANTICIPATE GROWTH IN REVENUES ACROSS ALL TENURES AND REPORTED SALES FOR YEAR TO BE C. 6-7% HIGHER THAN FY2016​.‍AVERAGE NUMBER OF SALES OUTLETS ACROSS YEAR WAS 51, AN INCREASE OF 8.5% OVER 47 ACHIEVED IN 2016.​.‍AT END OF OCTOBER 2017, TOTAL FORWARD SALES OF £391.4M ARE 13.6% HIGHER THAN LAST YEAR (£344.5M)​.‍OCTOBER 2017 OUTLETS TOTALLED 55, INCREASING 12.2%​.‍HOUSING MARKET IS GENERALLY ROBUST ACROSS GROUP'S PRINCIPAL OPERATING AREAS AND SALES PRICES CONTINUE TO SHOW MODERATE GROWTH ​.‍CENTRAL LONDON TRANSACTIONS ARE SUFFERING FROM SOME VOLUME AND PRICE WEAKNESS.​.SAYS "THERE MAY BE SOME IMPACT FROM CURRENT ECONOMIC AND POLITICAL UNCERTAINTY".‍REMAINS WELL POSITIONED TO GROW VOLUMES AND DELIVER HOMES THAT UK NEEDS WHILE MEETING TARGET OF £1.4BN SALES IN 2019​."HIGH LEVELS OF EMPLOYMENT, LOW INTEREST RATES, GOOD MORTGAGE ACCESS, HELP TO BUY SCHEME UNDERPIN DEMAND FOR NEW-BUILD HOUSING".CONTINUES TO DEVELOP ITS OFF-SITE MANUFACTURING INITIATIVE AND THERE ARE PLANS TO BUILD UPON THIS YEAR'S INITIAL TRIALS IN 2018​.  Full Article

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