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United Kingdom

Crest Nicholson Holdings PLC (CRST.L)

CRST.L on London Stock Exchange

352.80GBp
21 Sep 2018
Change (% chg)

-10.00 (-2.76%)
Prev Close
362.80
Open
364.40
Day's High
366.40
Day's Low
352.80
Volume
3,292,398
Avg. Vol
1,462,228
52-wk High
591.50
52-wk Low
340.00

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

Ex-divs to take 0.3 points off FTSE 100 on Sept 20

MILAN, Sept 17 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 0.34 points off the index. COMPANY (RIC) DIVIDEND STOCK IMPACT (pence) OPTION