Crest Nicholson

64 days ago

Tom Winnifrith Bearcast: Dismiss Crest as an outlier at your peril

I explain company specific issues at Crest Nicholson (CRST) but recent statements from Sosandar (SOS) and others only add to a compellinmg bearish macro narrative. I discuss that and also why I want zero UK residential property exposure.  I look at Corpus Resources (COR), Skinbiotherapeutics (SBTX) and Mercantile Ports (MPL), an old Comrade Stacey fave I've always seen as a POS. It's today's ouzo call.

64 days ago

Housebuilder Crest Nicholson –trading collapses in 27 days, needs bank covenants waived

Is this the canary in the coalmine for the housebuilding sector? On 25 March Crest Nicholson (CRST) reiterated that it was on track to meet forecasts outlined on annual  results day in January. Today, less than a month later there is a catastrophic warning. On track for good profits and another year of dividends to losses and begging the banks for survival in just 27 days…

456 days ago

Tom Winnifrith Bearcast No 2: Ripple goes bust, losing patience with Adam Reynolds & shouldn't someone be in jail over Pathfinder after today's news?

Today I look at Crest Nicholson (CRST), Celadon (CEL), Pathfinder and Rome Resources ( RMR), Probiotix (PBX), Optibiotix (OPTI) and Skinbiotherapeutics (SBTX). Meanwhile Ripple goes bust despite handouts from the Welsh Government showing just how screwed are green plays running out of cash like AFC Energy (AFC) and Powerhouse (PHE)

964 days ago

Kicking a man when he’s down – Crest Nicholson

As the bear raider Evil Knievil often says, the best time to kick a man is when he is down. Less than two months ago the housebuilder Crest Nicholson (CRST) said that its full year to October 31 profits before tax would be £70 million. Now we are told to expect £50 million. And I reckon even that is not baked in.

1009 days ago

Tom Winnifrith Bearcast: was the Mann hired to kill me?

In today’s podcast I look at Crest Nicholson (CRST) and the housebuilders and why Malcolm continues to be so wrong, ditto Trainline (TRN), at Verditek (VDTK), Hydrogen Utopia (HUI) and at the mega fraud Tingo (TIO) 

2288 days ago

Tom Winnifrith Bearcast: Folks in the last village in Wales show how good they are as President Trump faces a $40bn Boeing challenge

I start with a few thoughts on how folks here in our village are showing their good side and how some businesses in doing so and adapting are showing the way forward for capitalism. Then I look at the Boeing, British Airways and Easyjet (EZJ) bailout conundrums facing our leaders. Easyjet has just scored a big own goal on that front and almost deserves to perish, hence the share price move today. I look at Crest Nicholson (CRST) and also at R4E (R4E) which is either a five bagger or bust.

2427 days ago

Tom Winnifrith Bearcast: Rejoice! Rejoice! Fat Yob Mike Ashley and George Soros both lose millions today

In today’s podcast I look at Crest Nicholson (CRST), pox on AIM St James House (SJH), Cyancannode (CYAN), Yourgene (YGEN) and shocking share options, Big Sofa (BST) Goals Soccer Centres and Carpetright (CPR). Blame Brokerman Dan for this podcast being late and for me being a dirty and smelly wreck as I explain in the show.

2650 days ago

Tom Winnfrith Bearcast: Brexit bollocks, the real threats to the economy, Crest Nicholson's dividend and Charlie & Lola

Charlie & Lola let me down so sorry for the Joshua interruption today. In this podcast I discuss Brexit and the real threats to the UK economy and then look at Crest Nicholson (CRST), its dividend and, I think, illusory yield. If you enjoyed this, almost, profanity free bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.

2675 days ago

Tom Winnifrith Bearcast - is it time to stop kicking the shit out of Amur Minerals?

In today's bearcast I digress with some Booker family geneology but I discuss blue chip yield plays including Glaxo SmithKline (GSK) but then real estate plays such as British Land (BLND)  and finally the housebuilders notably Persimmon (PSN) and Crest Nicholson (CRST). Then I look at the scandal that is Mercantile Ports (MPL), TekCapital (TEK) and finally, in some detail, Amur Minerals (AMC).