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Crest Nicholson Holdings PLC (CRST.L)

CRST.L on London Stock Exchange

503.00GBp
24 Nov 2017
Change (% chg)

-14.00 (-2.71%)
Prev Close
517.00
Open
513.50
Day's High
519.00
Day's Low
503.00
Volume
813,724
Avg. Vol
861,859
52-wk High
648.50
52-wk Low
434.20

Latest Key Developments (Source: Significant Developments)

Crest Nicholson Holdings sees FY growth in reported sales about 6-7 pct
Wednesday, 15 Nov 2017 02:00am EST 

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

UK builder Crest Nicholson says on track for sales, revenue growth
Tuesday, 16 May 2017 02:05am EDT 

May 16 (Reuters) - Crest Nicholson Holdings Plc :Trading continues to be in line with expectations and group remains on track to deliver growth in unit sales and c. 10% in revenues for full year to 31 october 2017..As expected, unit completions for first half of 2017 financial year at 1,064 (2016: 1,206) are lower than comparative period in 2016, primarily due to a reduced first half weighting from timing of prs completions.At end of april, forward sales for 2017 year including year to date completions are 5% ahead of same period last year..Forward sales have been supported by an increase in outlet numbers which averaged 49 for first half of 2017 (2016: 44) an increase of 11%..Business has taken first steps to establish a new division in midlands, is building momentum in forward sales for year and pursuing disciplined expansion of group's land pipeline for future..Housing market continues to be robust across group's principal operating areas..Addressing production capacity, clearance of planning conditions and shortage of skilled labour continue to be key areas of focus for sector in terms of securing volume delivery and growth..Against this market backdrop board remains confident that business is well positioned to continue to deliver a strong operational and financial performance in medium term..Sales per outlet week, excluding prs, averaged 0.81 (2016: 0.87) which is in line with average sales rate achieved through whole of 2016..  Full Article

Crest Nicholson investors vote against directors' pay report
Thursday, 23 Mar 2017 10:15am EDT 

Crest Nicholson Holdings Plc : 182,831,307 votes cast for approving directors' remuneration policy, while 7,357,089 votes cast against at AGM . 77,359,078 votes cast for approve directors' remuneration report, while 107,344,963 votes cast against at AGM . Note that our remuneration policy continues to be well supported with a 96 pct in favour vote . Are disappointed advisory vote for this year's remuneration report was not carried . Understand from dialogue with investors ahead of AGM that main area of concern relates to pretax profit per share targets for 2017-2019 LTIP .During course of this year, will engage with shareholders and will discuss remuneration arrangements and next year's LTIP targets.  Full Article

Crest Nicholson reiterates 2019 sales target of 1.4 bln stg
Thursday, 23 Mar 2017 03:00am EDT 

Crest Nicholson Holdings Plc : Trading environment has remained generally robust, with good sales across our areas of operation . Cumulative open-market forward sales revenues (excluding prs) of £312m are broadly level with £311m achieved at same point last year . Total forward sales at £506 mln are 5 pct higher . Company was pleased to have reached landmark sales of £1billion (including through joint ventures), in line with our stated target . Reiterated its commitment to further stretching targets for 2019, of 4,000 homes and £1.4billion of sales . Also engaged with key partners in examining approaches to off-site manufacture, to further support delivery capacity of business .Robust sales outlook, actions business is taking, underpin confidence that co will continue to deliver on its stated growth objectives.  Full Article

Crest Nicholson Holdings says Robert Allen to start as FD from today
Monday, 13 Feb 2017 07:10am EST 

Crest Nicholson Holdings Plc :Robert Allen has joined company as group finance director with effect from today..  Full Article

Crest Nicholson Holdings PLC proposes to pay final dividend
Tuesday, 26 Jan 2016 02:00am EST 

Crest Nicholson Holdings PLC:Proposes to pay final dividend of 13.3 pence per share for the financial year ended 31 October 2015 which, subject to shareholder approval, will be paid on April 8, 2016 to shareholders on the register at the close of business on March 11, 2016.  Full Article

UPDATE 2-Crest Nicholson warns of housing Brexit effect, London weakness

Nov 15 UK housebuilder Crest Nicholson Holdings Plc pointed to Brexit-related barriers to new house construction on Wednesday while joining a slew of property firms in flagging signs of weakness in central London property markets.