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United Kingdom

Crest Nicholson Holdings PLC (CRST.L)

CRST.L on London Stock Exchange

524.50GBp
19 Jan 2018
Change (% chg)

-0.50 (-0.10%)
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Latest Key Developments (Source: Significant Developments)

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

BRIEF-Woodford fund adds Crest Nicholson in November

Dec 21 Woodford Equity Income Fund Says Adds Crest Nicholson position in November Further company coverage: (Reporting By Carolyn Cohn)