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A few days ago it reached 255.40p intraday but then it not only rain but pour.
So after a few days losing ground, today was a better day
Crest Nicholson Holdings (CRST) 232.00p +18.00 (8.41%)
looks like CRST is carry on as normal,
Crest Nicholson Holdings PLC
CRST
232.40 GBX
+13.60 (6.22%)
another good day for house builders today ,
Crest Nicholson Holdings PLC
CRST
218.60 GBX
+29.10 (15.36%)
Lovely day 189.50p +25p
Large demand for Housebuilders all day
Naturally what was earlier 181 resistance, was later support so once the retrace reached that point it went up again.
Eventually the 181p resistance all morning was broken
intraday chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5ECRST&p=0&t=1&height=350&width=640
After the rise and then retrace, is looking like now it wants to break from the Intraday high
plenty of small "AT" as usual but nice to see good-sized "O" buy trades of 4,500 and 5,955
There was a large trade yesterday, that could be an overhang being cleared
chart with volume
http://uk.advfn.com/p.php?pid=staticchart&s=L%5ECRST&width=600&height=215&p=1&t=1&dm=2&vol=1&cb=
Maybe today will bee thee day of the starting bounce properly.
Marked down this morning to 168p, that was the aim of the shorters, and then recovering well and the only builder up.
note: the FTSE is down 200 points from the start
CRST is the worse performer on the 1 month chart compares with the peers
http://uk.advfn.com/p.php?pid=legacydaily&epic=L^CRST&type=1&size=2&period=1&olx_1=1&o_epic1=L^BDEV&o_type1=1&o_colour1=1&olx_2=1&o_epic2=L^GLE&o_type2=1&o_colour2=2&olx_3=1&o_epic3=L^RDW&o_type3=1&o_colour3=3&olx_4=1&o_epic4=L^TW%3E&o_type4=1&o_colour4=4&olx_5=1&o_epic5=L^INL&o_type5=1&o_colour5=5&scheme=&delay_indices=1
Why CRST was dropped 75p when cancelling divi and peers rose on their cancelling
chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=Uxm1QxlomkGwtHXM4uvMhySxjkLeg7KAm7HT9B6T2es%3D
How is moving higher for the last 4 days
5 days chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=5rgMcdqeWdWn8PNa1xDnMnIp5TnvxPqmvUeH04BBE20%3D
Master RSI 26 Mar '20 - 13:40 - 620 of 620
KEEP an EYE
CRST 197.80p (197.50 - 198.10p)
The share had a well-marked down on the news of Dividend being suspended on the 19th, as most builders have done since. Is bouncing slowly from the lows for the last couple days. Has been the most markdown company of the Builders
1 month chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5ECRST&width=600&height=400&p=1&t=1&dm=2&vol=0&cb=
while I agree it is cheeky at least the company will be well capitalised and less vulnerable than others to the current threat. At least a director also lost some dough on his 16th Mar purchase although it is probably only like the cost of his doorknob to him. i bought in only recently due to the steep fall and was attracted by the yield. now I will have to wait for capital recovery.
like others i didn’t know they could cancel divi at this late stage. was considering buying more yesterday, so glad i didn’t. 150p soon?! surely couldn’t go to a quid
Many private investors I suspect will see dividend being cancelled at such short notice as a kick in the teeth, ~ the markets certainly have reacted swiftly with a nigh on 30% SP decrease in one day!
Hopefully the BOD with issue a RNS to restore confidence saying they'll not take their bonuses and bought XYZ number of shares out of their own pocket!!
i think many more companies will be cancelling there dividends soon.
John
This wants challenging surely...does not sound right to me either
No wonder their tanking today
Didnt know they could that after the share went ex dividend at 4 30 last afternoon ??
Why not announce it yesterday before people like me topped up to
get the dividend
The divi that was payable on april 9th is not now being paid. Cash being saved for director bonuses etc,
Has this SP dropped so much today with 21p divi coming on
march 19th
Hmmm... I still think they should have had the courage of their convictions and marked it down as a sell. Still, along with most other stuff in the market right now, CRST is a bargain once more! I'm looking forward to that juicy dividend in the coming weeks.
Looks like me and Trouts owe Berenberg bank an apology haha
Good advice! Just bought in myself today as the market is oversold.Hoping CREST which ahs fallen more than most can climb back up. Yield is decent anyway.