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Like everybody else. Nobs
?????
Reported shorts above 0.5% down from 7.5% (on 30 Jan) to 6.77% - five companies listed.
https://shorttracker.co.uk/company/GB00B8VZXT93/
Bazza, I think [hope] this should riseto nearer £5 because of the divi and the comapny's pledge to preserve cash.
Reaffirmed: Crest Nicholson Holdings (LON:CRST) Buy Rating Reconfirmed by Analysts at UBS; GBX 470.00 Target in Place
IMHO these results are disappointing, once the dividend goes ex I would expect pressure on the SP which will see it drift lower. Margins are down, dividend cover down from 2 to 1.7 which suggests it will be cut next time. As always DYOR but expect shorters to take this one down.
29th January 2019
Crest Nicholson Holdings plc
Annual Results Announcement
for the year ended 31st October 2018
Crest Nicholson Holdings plc (Crest Nicholson) today announces its final results for the year ended 31st October 2018.
Highlights
· Sales, including those from joint ventures, of £1,136.6m (2017: £1,065.6m) - up 7%
· Statutory revenue of £1,136.1m (2017: £1,043.2m) up 9%
· Volumes up 3% at 3,020 homes (2017: 2,935)
· Pre-tax profit down 15% to £176.4m (2017: £207.0m)
· Operating profit margin of 16.7% (2017: 20.3%)
· Net cash at year-end of £14.1m (2017: £33.2m)
· Gross development value of land pipelines up 3% to £12,083m (2017: £11,736m)
· Forward sales at mid-January of £639.4m (2017: £575.7m), 11% ahead of prior year
· Outlets increased 8% to 55 (2017: 51)
· Total dividend maintained at 33.0p, covered 1.7x by earnings (2017: 33.0p and 2.0x cover)
I am saying if you bought this morning your dividend pay out would be 10%.
So you are saying the price of the share went up because of the dividend they declared, compared to the below average financial performance of the company
Paul, you are doing really well , as I did at first and my more recent learning is that I make profit in the main market which I then lose in aim stocks. I am retreating to ftse100 and away from foreign countries where the locals take us for a ride. may your good choices continue.
Bought in yesterday so healthy profit in a day but with such a good divi and SP potential i'm not selling until it gets nearer the 500p mark although a conservative estimate is 450p
The company, whose operating profit margin fell to 16.7% from 20.3%, is paying a final dividend of 21.8 pence. This takes the year's total to 33.0p, flat year-on-year, and Crest Nicholson hopes to maintain this in its current financial year.
10% dividend , i take that any day .
Hi O’Donnell, I’m quite inexperienced having only been trading/investing over last 18months, I’ve had some wins and some loss’s but my initial fund is up 24% from where I started, I’ve developed a 6 point checklist which I know follow which is working however I still have huge gaps in my knowledge. When you mention PAF are you referring to pan African resources? And ffwd - fastforward innovations? If so could you tell if/why these are good stocks to buy at the moment as I can’t see where the value/potential is
We guessed as much Paul, we were not getting at you, as we often do things like that.
£3 would be a very good price to buy at, not sure why it opened 17p lower today but it did attract buyers. We still aim for £5.
It is still a good price to buy at today, surprised so many selling, unless they paid 310p then took a quick profit
For those interested read the posts at FFWD ( we hold a lot, too many in fact) This is the one that may make us a lot of money or lose us a lot!!!! PAF our other big holding has gained but could go a lot further yet.
My sincere apologies l did mean 333 well 332.8 to be precise, think it’s been as low as 275 last year but can’t see it falling to that... if it gets nearer to 300 I’m back in
Do you really think this will go back to 133p, that must have been yrs ago. We are in our late 70s and cannot remember that . OR did you mean 333p which it could retreat to. We would look for 500p before selling any which would give a very good profit. Even then CRST would still have a P/E of only 7.5 and Div of 6.6%. So this looks a real snip to buy in to.
i've bought in here before at 133 and sure we'll see that price again before this brexit mess is over.... anything could happen which is why im holding off for a while
Made money out of builders after the vote to leave. CRST is one of our biggest holdings as p/e is low div ok and covered, well as much as you can possible say. our target £6
Our Investment trusts are mixed. we are buying in to some that need to rise 50% to get back to their high. WE buy Trusts that cover the far east,China is very low, Japan, undeveloped countrie,s small companies in all major Indices, Unquoted company Trusts, UK, Europe, German Trusts, like property trusts as it is always needed, NOT USA at moment as we feel they are high. Small companies give better returns. Get most of our information from Trust net. Basically buy trusts that are low priced and way of their high. we hold 40 - 50 trusts so we get a good spread. A wide spread is safest.
Our baby is FFWD come back from 8.p to 12p and with the companies they hold should be nearer 20p plus, these companies they invest in are on the verge of greatness, read the message board on FFWD We keep adding. At 12p they cannot fall to much but could easily hit £1 plus.
However having a wide spread of trusts covering all sectors often sees you not getting big drops. We now avoid trusts with a wide spread, some ar 7-10% .but do have some in our portfolio and keeping them but NOT buying more.Check the trades to see actual spread. It is a minefield but versatility has paid off especially with small companies and Trust in unquoted companies often pays off eventually SPREAD YOUR MONEY though. FFWD is about 6% of our portfolio which is far to high, BUT it may be a big goldmine, Also buy gold mining companies when gold is low. PAF is undervalued at moment but struggling to advance.
Totally agree with you. Hope you both had a good Christmas and new year. Read a few of your posts and very interested in your IT holdings, I have just retired and I am using my pension to survive now and a small part time job.
Sorry for delay in getting back. After closely watching the market on Monday and Tuesday, needed a break! Yes, it's the old story here, share buybacks or increase the dividend. They say in the October report and trading update, that the dividend will be held for next year, unless marked change in general conditions. A broad statement to cover the current brexit situation in the UK, I guess? Also, note the emphasis on putting shareholders first, as they are financially doing ok, but cannot do much in current situation, an interesting viewpoint, as another poster here remarked, what do you reckon?
Anyway, earlier in the week I was looking for a solid income stock, while prices were down. It was a close choice between AV. CRST, and BP. Although also SSE and BDEV were possible. Ended up buying a few more of AV.
The Dow didn't help much, this last week either, unless you're looking to buy!! Although in the UK, things could certainly fall further, at the moment who knows? Let's hope for the best, anyway. :-)
Hope you and the family in good health.
Think they said div safe for next two yrs. Not that you can rely on that. However it is well covered and P/E only 5 ish so if profits halved the p/e would be only 10. WE almost sold at 260 to buy back, like fools we thought the tide had turned. Must be more shorters? otherwise every one selling at a loss more or less, possible to buy back. You do wonder will it go to 250p? who knows. But what ever it is ridiculously cheap Directors bought at 305 a while ago will they again. Why not buy shares back?
Quite agree, generally. Very nearly bought into these on Friday. Slight concerns about an uncertainty over dividend cut, and the current market conditions mean that short term anything could happen here. But BoD seems competent, and the fundamentals are basically good. So this looks a good hold medium term.
UNBELIEABLE
USUALLY MORE BUYERS THAN SELLERS MOST DAYS
HOUSES ALL WAYS WANTED
MORE EMPLOYED THAN EVER IN UK (SNP FAILED TO NOTE THIS)
LEAVE WITH NO DEAL WILL SUIT US. THEN WE CAN NEGOTIATE FROM ZERO AND ONLY ONE WAY UP. THERE ARE MORE PLACES TO TRADE THAN EUROPE, WHO ITSELF IS HAVING PROBLEMS
ONLY DIE HARD EUROS KEEP GIVING GUESSED AND FALSE FIGURES OUT IF WE LEAVE WITH NO DEAL
LIFE WILL CONTINUE
Aspers, you right to say "God only knows where this will bottom out!!" but this is a wholly irrational price.
Even if we opt for "no-deal" Brexit, the world will keep on turning ; the 84% of UK economy not reliant on exports and global markets at all will stay unchanged and the bit of the economy that does rely on Europe will quickly realise that life goes on. If pound drops to parity with $$ then foreign buyers will be snapping up property.
Conversely if we get a Marxist Government under Corbyn he will want new houses for every unemployed "worker" ... so yet more demand for houses.
This has to return to Dec '17 level once Brexit insanity ceases regardless of the outcome