Can anyone enlighten me why today's response to what I read as a moderately positive announcement by Crest Nicholson Holdings (LON:CRST) was more than 12% fall in price? What have I missed?
Flat house prices and ongoing build cost inflation has led Crest Nicholson Holdings (LON:CRST) to deliver negative guidance on operating margin.
This follows on from the company already having lowered margin guidance earlier this year.
Brokers as a consequence downgrading their numbers by 7-10% this morning.
