My continued deep yawn about the world of Crest Nicholson
By Chris Bailey | Thursday 8 June 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I have never owned shares in Crest Nicholson (CRST), which describes itself as an (apparently) “leading residential housebuilder operating across England with an emphasis on creating well-designed, high-quality homes in sustainable communities”. You will not be surprised to see that the shares have effectively halved since 2019 and 2021 highs but, apparently, there’s an “expansion plan on track and land acquisition support future growth” angles. Bully for it…
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