Adam Vaughan’s Post

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Director (Technical, Design & Development) at CVG

On the heels of Barratt, Bellway Homes overtures toward an ailing Crest Nicholson plc make sense for the former, if they are compete with the other big players. Since 2018 Crest has continued to limp forward, with its share price down over 35% in that period. Yet could still be a, potentially beneficial, target for Bellway. It would likely also benefit Crests shareholders. Interestingly, there's notable overlaps in land and markets, including product range, across the divisions... However, to remain competitive, it seems inevitable (given BDW & Vistry's growth) that they, Persimmon and Taylor Wimpey must pursue acquisitions of other smaller NHBs or SMEs... #acquisitions #housebuilding

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