Financial PerformanceMarket will be encouraged by stronger than expected cash flow - net debt £8.5m against guidance of £40-60m.
ManagementThe new management team, led by industry veteran Martyn Clark, has provided a clear analysis and path to resolving the company's issues and restoring industry-level returns.
ValuationCrest Nicholson's shares are trading at a significant discount to the sector, offering a potential 50% upside even before the expected sector re-rating.