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Profitable trading

Investors turn to artificial intelligence to find profitable trading signals in corporate word salads

We could be at the start of a text investing revolution that could shake up the industry

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When United States Steel Corp. published America’s first annual report over a century ago, it was a beautifully cut 40 page, and mostly chimney-piece. Its 2020 annual report had 162 wrapped pages, and even that is concise by modern standards.

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State-owned companies publish tons of financial and business information every quarter, but the annual report is the big blue whale of corporate reporting. These days, the average length is the equivalent of a 240-page novel, according to S&P Global.

It’s popular to lament that quarterly and annual reports are now salads of words, consisting mostly of copious amounts of often unnecessary reporting requirements and standardized legal caveats, then sprinkled with a big dose of PR. Basic accounting figures have not changed significantly in quantity or quality over the past century, cynics complain.

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It is true that corporate reports contain verbiage that would make even a journalist blush. But instead of despising these reports, savvy investors should embrace this admittedly far-fetched textual information as a potential gold mine that can finally be mined with modern technology.

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Historically, investment has relied primarily on numbers, such as stock prices and earnings, income and research expenses. Traditional stockpickers would naturally complement this with plenty of qualitative analysis, such as interviews with a company’s CFO, discussions with industry experts, and annual reports.

Yet the growing volume of corporate reporting means that no one can realistically consume everything. In the United States, the “risk factors” section of annual reports has nearly tripled since 2006 and now averages over 11,000 words, according to a recent report from S&P Global. Yet even in the most subtle changes, valuable signals are hidden, notes Frank Zhao, analyst with S&P’s Market Intelligence team.

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The tool for gleaning tradable signals from textual noise is known as natural language processing (NLP), an increasingly popular area of ​​artificial intelligence that involves teaching machines how to read and understand signals. subtleties of human language. NLP makes it possible to systematically collect and analyze at breakneck speeds previously redesigned “unstructured” non-digital data sets.

The potential is immense. Kai Wu, a former GMO analyst who now runs Sparkline Capital LP, a startup investment firm in New York City, says many traditional data-driven trading strategies are ‘exploited’ after being analyzed to death for decades and now exploited to oblivion. .

“But once you’ve crossed the Rubicon into the world of unstructured data, the fruit is suddenly much lower,” Wu said in a post in May.

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Once you’ve crossed the Rubicon into the world of unstructured data, the fruit is suddenly much lower.

Kai wu

Many sophisticated quantitative investors – those who primarily use algorithms to trade systematically, rather than traditional human fund managers – are already grasping this fruit. Last year, a National Bureau of Economic Research article estimated that algorithmic downloads of quarterly and annual reports in the United States exploded to 165 million in 2016, when they accounted for 78% of all downloads, up from about 360,000 in 2003.

Since 2016, the rate has almost certainly increased further. Industry insiders say there is a near arms race today between NLP algorithms scouring company statements and company executives trying to trick them into avoiding certain tricky words and phrases. .

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Yet in reality NLP is an opportunity for all investment managers, not just quants who try to systematically exploit text signals. For example, Nomura Securities International Inc. analyst Joe Mezrich used an NLP system to browse transcripts of business executives chatting with financial analysts, rating companies based on their apparent adherence to environmental standards, social and corporate governance (ESG). He found that the stocks of the most ESG compliant companies outperformed the broader stock market.

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Quarterly and annual reports are now generally published in a user-friendly format, but they are just the tip of the iceberg of written information that investors can dig for valuable signals. Transcripts of management calls with analysts or TV interviews with CEOs, newspaper articles, central bank speeches or even social media chats can all be pulled.

The financial industry loves its buzzwords, and anything to do with artificial intelligence is particularly hot these days and should be treated with caution. But we could be at the start of a text investing revolution that could shake up the industry.

© 2021 The Financial Times Ltd

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Profitable trading

Social crypto trading platform for transparent and profitable trading

MOSCOW, RUSSIA / ACCESSWIRE / May 6, 2021 / True P&L will hold its planned dual IDO on Duckstarter and Poolz Finance on May 18th. In addition to IDOs, there will also be an IEO on Gate.io.

Incubated by DuckDao, True P&L is led by a team of executives who have already had successful exits. Their private raise was oversubscribed by 20X. Some of their funders include Blocksync Ventures, AU21, Lotus Capital and Gate.io.

True P&L (also True PNL) is a public rating and social cryptocurrency trading platform created to address the lack of transparency on copy trading platforms. A common issue on copy trading platforms is incorrect reporting of trading performance.

True PNL aims to solve this problem by getting live data from traders’ accounts, making it easy for investors to check their performance. Investors and other traders can accurately check their performance in real time.

Why a real P&L?

True P & L’s working model is different from other copy trading platforms. It allows traders and investors to engage or interact to strengthen the crypto community, not just to mimic trades.

Unlike other copy trading platforms, True P&L offers ease of trading for traders of all skill levels, with an added social component. Traders can share their strategies and technical analysis with the community and collaborate with traders and investors in a transparent way.

As a public rating platform, True P&L helps traders and investors connect to transact profitably in a transparent manner. The platform itself is secure, as API keys are only used to generate reports from the merchant accounts where all funds are held.

The platform’s goal is to democratize crypto trading by creating an interactive community of traders and providing non-custodial asset management via API keys. The statistical data available on the platform enables investors to make informed and data-driven decisions when copying trades.

In the same vein, traders will be able to conduct in-depth research with advanced analytical tools to come up with more profitable and tested strategies. Traders with consistent profits will gain a lot of followers, which means more income, through passive income over time.

Even more, the True P&L platform rewards profitable traders by sharing their trades through the API connection. This allows users to spot traders with a history of successful trades and copy their trades with one click. The platform allows users to connect using popular cryptocurrency exchanges, including BitMEX and Binance.

How it works

The cryptocurrency market is volatile, and that can be a good thing or a bad thing in and of itself, depending on the direction of the market. Yet the fact remains that crypto trading can be a scary place for most beginners with little to no experience.

By definition, crypto trading would require at least a good understanding of fundamental and technical analysis. It’s not news that learning crypto trading isn’t an easy task, not to mention the fact that it can be overwhelming and intimidating. I thought it doesn’t need to be when working with the help of the auto trading system. With this setup, beginners can.

True P&L creates advanced trading robots that follow technical analysis trading logic, test their past performance, adjust parameters regarding current market conditions and fully control its execution.

Traders can visit https://truepnl.com/trading and choose a bot to connect via API keys. Once the bot is linked to the trader’s trading account, it can start trading immediately.

Bots are equipped with reliable signals through TradingView, good risk management (using stop-loss and take-profit) and profitable order execution through commissions and low slippage.

On True P&L, users can follow traders with a successful trading history over a long period. This is possible thanks to the asset management APIs; Once a trader signs up on the platform, they connect their exchange to the NLP platform through read-only API keys.

Follow True P&L media channels to stay up to date with the latest news:

Official site: https://truepnl.com/
Telegram – https://t.me/truepnlchat
Average – https://truepnl.medium.com
Twitter – https://twitter.com/truepnl
LinkedIn – https://www.linkedin.com/company/truepnl/

Media contact: RTC [email protected] Website: https://RT.Capital

THE SOURCE: Real P&L

See the source version on accesswire.com:
https://www.accesswire.com/645604/True-PL-Social-Crypto-Trading-Platform-for-Transparent-Profitable-Trading



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Profitable trading

Fibonacci techniques for profitable trading

Fibonacci analysis can boost your market’s performance, but you will need to master a few tricks of the trade to get the most out of this mathematical sequence that was discovered in the Western world over 800 years ago. Let’s tackle the subject with a quick Fibonacci alphabet, then get to work with two original strategies that directly harness its hidden power.

Key points to remember

  • Fibonacci analysis uses the work of the 12th-century Italian mathematician Leonardo de Pisa (also known as Fibonacci) to use a logical sequence of numbers to predict stock trends and price action.
  • The Fibonacci Flush strategy identifies hidden support and resistance levels that an investor can use for entry, exit and stop placement.
  • The Parabola Pop strategy tracks breakouts above and below retracement levels to provide early entry points for major breakouts and breakdowns.

What is a Fibonacci analysis?

The 12th-century monk and mathematician Leonardo de Pisa (later called Fibonacci) discovered a logical sequence of numbers that appears throughout nature and in great works of art. Unknown to the great monk, these Fibonacci numbers fit perfectly into our modern financial markets because they describe – with great precision – the complex relationships between individual waves within trends, as well as how far the markets will retreat when they are will revert to previously negotiated levels.

Fibonacci numbers

Starting with 1 + 1, the Fibonacci sequence, whose first number is 1, is made up of numbers that are the sum of themselves and the number that precedes them. Therefore, 1 + 1 = 2, 1 + 2 = 3, 2 + 3 = 5, 3 + 5 = 8, 5 + 8 = 13, 8 + 13 = 21, 13 + 21 = 34 and 21 + 34 = 55 , which indicates that 1, 2, 3, 5, 8, 13, 21, 34 and 55 are all Fibonacci numbers. Subdividing these digital strings reveals repeated ratios that have become the basis of Fibonacci grid analysis in swing trading and other market disciplines.

The .386, .50, and .618 retracement levels form the basic structure of Fibonacci grids found in popular market software packages, with .214 and .786 levels coming into play during times of higher volatility. The initial analysis technique is simple enough to be understood and mastered by market players at all levels. Simply place the grid on the end points of a major high and low in an uptrend or downtrend and look for close alignment with major price changes.

Upward and downward trends

More in-depth market analysis requires more effort as trends are harmonic phenomena, which means they can break down into smaller and larger waves that show an independent price direction. For example, a series of relative bullish and bearish trends will fit into a one or two year uptrend in the S&P 500 or the Dow Jones Industrials. We see this complexity more clearly when we go higher from daily charts to weekly charts, or lower from daily charts to 60 or 15 minute charts.

The Fibonacci Flush Strategy

A single Fibonacci grid on a daily chart will improve results, but ratios get sharper when looking at two or more time periods. Swing traders taking the next step will find great value in the daily and 60 minute charts, while market timers will benefit when they step back and combine the daily and weekly charts. In either case, alignment between key Fib levels in different time periods identifies hidden support and resistance that can be used for entry, exit, and stop placement.

Image by Sabrina Jiang © Investopedia 2021


For example, in the chart above, you will see that Microsoft Corporation (MSFT) shares hit a deep low at $ 42.10 in October 2014 and rallied in a vertical wave that ended at 50, $ 05 a few weeks later. The subsequent pullback settled on the 38.2% retracement (.382) for four sessions and collapsed into a gap in mid-December that landed the price on the Fibonacci retracement at 61. , 8% (.618). This level marks a tradable low before a strong rally that stops at the 78.6% retracement (0.786).

Notice how other graphing features interact with key Fibonacci levels. Selling at the 62% level also bridges the October gap (red circle), while the subsequent rebound stops near the three November highs (blue line) aligned with the 78.6% retracement. This tells us that Fibonacci analysis works most effectively when combined with other technical forces at play, such as spreads, moving averages, and easily observable highs and lows.

Image by Sabrina Jiang © Investopedia 2021


Support and resistance

Now let’s zoom in and identify a Fibonacci technique that you can use to find low risk entries missed by less attentive market participants. The price drop relies on the 38% retracement for four sessions, sucking up a supply of capital looking for a reversal. The downside spread traps this crowd, which is shaken as the stock posts a volatile low at 62%. While it makes sense to buy at this support level, it is a risky strategy as the spread could easily kill the upside and force another outage.

Then comes the important part. Rise above 38% retracement restores support, triggering Fibonacci Flush buy signal, predicting that positions taken near $ 47 will produce a reliable profit. At the same time, upset shareholders are reluctant to buy back at this price because, as the saying goes, “once bitten, twice shy”. This reduces interest in the trade while still allowing fresh money to carry risk in a low volatility trade, and building on a long observed trend for support to hold after being tested, broken, then reassembled.

The Parabola Pop strategy

Image by Sabrina Jiang © Investopedia 2021


Referring to the chart above as an example, the 78.6% retracement level stands guard as the final harmonic barrier before an instrument completes a 100% price swing (higher or higher). lower). This is valuable information because it tells us that a break above this level in an uptrend, or a break in a downtrend, will extend to the last swing high or low as the minimum target. Doing the math suggests a free spin for the last 21.6% of the rally or wind-up wave.

This Parabola Pop strategy works very well over longer periods of time and can even provide early entry to major breakouts and breakdowns on widespread issues. As an example, look at Facebook, Inc. (FB) after peaking at $ 72.59 in March 2014 and entering a correction that found support in the mid-1950s. The rebound that followed hit the retracement of 78.6% to $ 68.75 two months later and stopped, giving almost three weeks of side action.

The stock rallied above harmonic resistance on July 21 (red line) and took off, completing the last 21.4% of the 100% price change in just four sessions. In addition, the fourth day saw a breakout above the March high, triggering a new round of buy signals that gave Fibonacci-focused shareholders plenty of profitable options including let it rise, take partial profits or risk the balance on the new uptrend.

Facebook’s breakthrough highlights a second benefit of the Parabola Pop strategy. Markets tend to hit these 100% levels as if a magnet is pulling price action. This parabolic tendency can produce exceptional results over very short periods of time. Of course, this is not a given because anything can happen at any time in our modern markets, but even a slight tilt towards the vertical marks a definable advantage over the competition.

Final Notes

The 78.6% to 100% surge marks a fractal trend that shows up in all time frames, from 15 minute charts to monthly charts, and can be traded effectively whether you are a scalper or a market timer. However, intraday holding periods are more likely to face trade-killing whipsaws and shakeouts, while the expected rally or sell size is often too small to record a reliable profit, especially after the negative impact of transaction costs.

The bottom line

Observing market trends through the lenses of a Fibonacci grid allows investors to see broader patterns beyond the immediate ups and downs and identify earnings prospects that may be just beyond that. from the sight of investors who are frightened by a short-term view of trends.

Used well, Fibonacci analysis tools give an investor the confidence and knowledge to weather the upheavals brought on by drastic downturns and to take advantage of opportunities to capitalize on the vertical change approach. However, it requires a willingness to resist the bewildering volatility that exists in compressed periods of time to see the market moves that a Fibonacci believer anticipates, based on mathematical formulas that have stood the test of time.


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Profitable trading

Here’s why pivot points are a must for any profitable trading model

Pivot points are the price levels that help traders determine the directional movement and potential support / resistance levels of a stock / index. These are calculated taking into account the open, high, low and close of previous sessions.

Market participants view pivot levels as turning points, in addition to looking at support and resistance. In any chart tool, one would find a minimum of five pivot points, including support and resistance levels. They are calculated as follows: S1 (Support 1) = Pivot Point * 2 – Previous High S2 ((Support 2) = Pivot Point – (Previous High …

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First published: Thu 19 November 2020 08:50 IST


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Profitable trading

Cruden Group announces 21st consecutive year of profitable trading

Cruden Group announces 21st consecutive year of profitable trading



Cruden Group praised a set of “robust” results in which it announced its 21st consecutive year of profit.

The group, which has delivered an average of 1,200 new homes across the country in recent years, has expanded its business – working with clients in the public and private sectors and increasing its investment in delivering new homes for sale, both in its own name, and with its joint venture partners.

In its latest results, Cruden revealed it made a pre-tax profit of £ 7.9million before exceptional items related to the coronavirus pandemic of £ 1.3million and recently reported revenue of over £ 228million, a 19% increase from the previous year. This involved construction for external clients of £ 180million, representing around 1,100 units completed during the year, and the sale of private homes for £ 48million, representing 241 private homes sold. in the year (including joint ventures).

Over the coming year, Cruden said it will focus on investing in delivering new homes for sale and sustaining that level of construction activity to deliver high quality homes that customers are badly needed in the public and private sectors. This will involve the group in all of its existing key areas of mixed occupancy regeneration, affordable housing, high-end housing in urban developments, tailor-made private residences and, moreover, its first developments in the residential sector for the elderly.

The coronavirus pandemic and the site closures that followed during the lockdown had an impact on the profit margins of long-term contracts reported in the group’s financial accounts for the year ended March 31, 2020. However, the group, thanks to its dedicated and professional staff has met the challenges posed by the pandemic with energy and courage. In collaboration with representative organizations of the industry, the Scottish government and unions, the group established exemplary sites in the central belt to demonstrate new safe work practices to support the Construction Scotland Restart plan.

Although the lockdown period and the resulting loss of productivity will also affect the financial performance of the current year, the group is confident of achieving another year of profits and, thanks to effective cash management, is well positioned to continue to invest in its core businesses in the future.

The total volume of new homes that Cruden will deliver this year is remarkable – aiming to complete around 1,500 new homes. Cruden currently has more than 50 active sites and the group is one of Scotland’s largest employers, with around 600 direct staff, including 72 apprentices and 1,000 other agents at Cruden sites employed by sub -contractors of the group’s supply chain.

Important landmark developments the group is currently working on include:

  • Cruden Homes has started the construction, and now the sale, of a major new real estate development in Longniddry. This brings the number of homes under development in East Lothian (in Longniddry, Aberlady and Old Craighall) to 230
  • In the west, Cruden Homes’ Cathkin View development in south Glasgow (98 units) has seen exceptional demand with forward sales already taken for future phases
  • In one of the Group’s Joint Ventures (Properties of Queensberry), the 66 apartment, the £ 35million Waverley Square development, in the heart of Edinburgh’s Old Town, recently hit the market with significant early success
  • Under a new brand, Residential Juniper, the group is currently building on two sites (in Scone and Kinross), respectively delivering 51 and 41 homes for sale to the senior market in 2021
  • Since the end of confinement, Cruden building has been appointed prime contractor on eight new affordable housing developments delivering 413 homes in the West of Scotland to a large customer base
  • In the East, Hart Builders was proud to deliver Berwickshire Housing Association 300th new house. Hart is also starting work on 133 new homes for Eildon Housing Association and Berwickshire Housing Association through three communities in the borders as part of a partnership relationship
  • Hart Builders is also heavily involved in the delivery of housing in the city of Edinburgh, with over 1,000 houses / apartments under construction at nine locations.
  • Cruden is invested in the delivery of 152 apartments which form the residential component of the £ 1 billion development in the St James area of ​​Edinburgh.

Commenting on the Group’s activity, Kevin Reid, Managing Director of the Cruden Group, said: “It is a significant achievement to announce our twenty-first continuous year of profitable trading, especially in the difficult and unprecedented context of the pandemic. I am particularly proud of the responsible approach adopted by all of our employees both during confinement and when we return to the work sites. Their hard work to create an environment that enables a safe and efficient workplace has been admirable. The well-being of our staff, our contractors and suppliers, our customers and the communities in which we build continues to be our priority.

“In this context, I am also delighted to announce that the Cruden Foundation has now donated over £ 7million in total to charities across Scotland. Our staff should be proud of this achievement made possible only by their hard and continuous work.

“On the commercial front, we have started the coming year well with an extremely healthy forward order book. The chronic housing shortage across the country remains a problem and therefore we hope to further increase the number of homes we build this year to help fill this shortage.

“We will put more emphasis on mixed and sustainable housing communities, including combinations of affordable, built-to-rent and private sale housing, as well as mixed-use commercial and retail space. Building sustainable multi-tenure communities is at the heart of Cruden’s offering and we will continue to play a crucial role in delivering the housing Scotland so badly needs for the future.


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Profitable trading

Cruden Group announces 21st consecutive year of profitable trading

Cruden Group announces 21st consecutive year of profitable trading



Cruden Group praised a set of “robust” results in which it announced its 21st consecutive year of profit.

The group, which has delivered an average of 1,200 new homes across the country in recent years, has expanded its activities – working with clients in the public and private sectors and increasing its investments in the delivery of new homes for sale, both in its own name, and with its joint venture partners.

In its latest results, Cruden revealed it made a pre-tax profit of £ 7.9million before exceptional items related to the coronavirus pandemic of £ 1.3million and recently reported revenue of more than £ 228million, a 19% increase from the previous year. This involved construction for external clients of £ 180million, representing around 1,100 units completed during the year, and the sale of private homes for £ 48million, representing 241 private homes sold. in the year (including joint ventures).

Over the coming year, Cruden said it will focus on investing in delivering new homes for sale and sustaining that level of construction activity to deliver high quality homes that customers are badly needed in the public and private sectors. This will involve the group in all of its existing key areas of mixed occupancy regeneration, affordable housing, high-end housing in urban developments, tailor-made private residences and, moreover, its first developments in the residential sector for the elderly.

The coronavirus pandemic and the site closures that followed during the lockdown had an impact on the profit margins of long-term contracts reported in the group’s financial accounts for the year ended March 31, 2020. However, the group, thanks to its dedicated and professional staff has met the challenges posed by the pandemic with energy and courage. In collaboration with representative organizations of the industry, the Scottish government and unions, the group established exemplary sites in the central belt to demonstrate new safe work practices to support the Construction Scotland Restart plan.

Although the lockdown period and the resulting loss of productivity will also affect the financial performance of the current year, the group is confident of achieving another year of profits and, thanks to effective cash management, is well positioned to continue to invest in its core businesses in the future.

The total volume of new homes that Cruden will deliver this year is remarkable – aiming to complete around 1,500 new homes. Cruden currently has more than 50 active sites and the group is one of Scotland’s largest employers, with around 600 direct staff, including 72 apprentices and 1,000 other agents at Cruden sites employed by sub -contractors of the group’s supply chain.

Important milestone developments the group is currently working on include:

  • Cruden Homes has started the construction, and now the sale, of a major new real estate development in Longniddry. This brings the number of homes under development in East Lothian (in Longniddry, Aberlady and Old Craighall) to 230
  • In the west, Cruden Homes’ Cathkin View development in south Glasgow (98 units) has seen exceptional demand with forward sales already taken for future phases
  • In one of the Group’s Joint Ventures (Properties of Queensberry), the 66 apartment, the £ 35million Waverley Square development, in the heart of Edinburgh’s Old Town, recently hit the market with significant early success
  • Under a new brand, Residential Juniper, the group is currently building on two sites (in Scone and Kinross), respectively delivering 51 and 41 homes for sale to the senior market in 2021
  • Since the end of confinement, Cruden building has been appointed prime contractor on eight new affordable housing developments delivering 413 homes in the West of Scotland to a large customer base
  • In the East, Hart Builders was proud to deliver Berwickshire Housing Association 300th new house. Hart is also starting work on 133 new homes for Eildon Housing Association and Berwickshire Housing Association through three communities in the borders as part of a partnership relationship
  • Hart Builders is also heavily involved in the delivery of housing in the city of Edinburgh, with over 1,000 houses / apartments under construction at nine locations.
  • Cruden is invested in the delivery of 152 apartments which form the residential component of the £ 1 billion development in the St James area of ​​Edinburgh.

Commenting on the Group’s activity, Kevin Reid, Managing Director of the Cruden Group, said: “It is a significant achievement to announce our twenty-first continuous year of profitable trading, especially in the difficult and unprecedented context of the pandemic. I am particularly proud of the responsible approach adopted by all of our employees both during confinement and when we return to the work sites. Their hard work to create an environment that enables a safe and efficient workplace has been admirable. The well-being of our staff, our contractors and suppliers, our customers and the communities in which we build continues to be our priority.

“In this context, I am also delighted to announce that the Cruden Foundation has now donated over £ 7million in total to charities across Scotland. Our staff should be proud of this achievement made possible only by their hard and continuous work.

“On the commercial front, we have started the coming year well with an extremely healthy forward order book. The chronic housing shortage across the country remains an issue and therefore we hope to further increase the number of homes we build this year to help fill this shortage.

“We will put more emphasis on mixed and sustainable housing communities, including combinations of affordable, built-to-rent and private sale housing, as well as mixed-use commercial and retail space. Building sustainable multi-tenure communities is at the heart of Cruden’s offering and we will continue to play a crucial role in delivering the housing Scotland so badly needs for the future.


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