Crest Nicholson shareholders: big-time winners, or small time-losers?It depends on whether you look at the housebuilder’s absolute or relative return, writes Matthew Vincent. Crest’s share price rose by 20 per cent in calendar year 2017, which is an extraordinary 12-month performance… until you realise that its rivals shares rose by an average of 43 per cent.But, either way, this morning’s full-year results leave both absolute return and growth investors with a decision to make. Do those who feel like winners want to double down? And do those who feel like losers fancy playing double or quits?Crest Nicholson has reaffirmed the positive numbers in its November trading update. Full-year property completions were up 2.3 per cent year-on-year to 2,935 units, and the open market average selling
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Crest Nicholson shareholders: big-time winners, or small...