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Crest Nicholson chief cashes in

But he still has more than 3m shares
April 20, 2017

Crest Nicholson (CRST) chief executive Stephen Stone has sold 400,000 shares in the company, raising a cool £2.2m, but shareholders shouldn't be that concerned: he still owns around 3.7m shares.

IC TIP: Buy at 567p

And the housebuilder remains in good shape, reaching sales of £1bn which represents a 90 per cent increase in revenues since 2013 when the company was re-listed. And despite the uncertainty generated by the forthcoming Brexit process, it maintains its target of reaching 4,000 homes a year and sales of £1.4bn by 2019.

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