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Countrywide Share Discussion Threads
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your aggressive behaviour demonstrates you have lost your money.
|BTC Do you really have to be so aggressive and resort to the lowest common denoniminater Windy has always been perfectly pleasant in his post
Windy LSH are saleable but not at anything near the monies shelled out by CWD|
|from what i have heard on the grape vine, and i stress its third hand info,
its CWD that have been approached, re LSH|
|I agree but they must be under pressure to pull back some money to be even considering it. The loan renewals arent that far into the future. I suspect that the banks have been watching in horror seeing all that money they have lent hasnt served to increase revenue or profitability
Maybe Platt's scalp as well. I should imagine their patience is wearing thin|
the loan will be down sub £250 mill without any sale. and as you said
LSH are making money , so just keep it, no need to sell. might need to trim the head count and bring it all under one roof.
|Windy The bad news will be they have undertaken a strategic review of LSH put out some feelers and that they will be only able to sell with a masive haircut to book value|
the chart is flattening out, only new bad news can send it lower now.
should start to form a bowl over the coming months.
|Windy Looks like testing a new low today|
|Brandes Investment Partners said yesterday that it had taken a 7.9 percent stake in Countrywide Financial, becoming its second-largest investor.
Brandes said it had accumulated the stake as of Sept. 30, according to a regulatory filing. It had not reported a stake as of June 30.
Countrywide, based in Calabasas, Calif., is the nation’s largest mortgage lender. On Friday, it posted a $1.2 billion third-quarter loss, hurt by the housing downturn. Its shares have fallen 60 percent this year.
Brandes, which is based in San Diego, said it oversaw $125 billion, using a value-oriented approach pioneered by the noted investor Benjamin Graham.
|Windy I was wrong Withers didnt mean to buy Countryside he just got his countries mixed up !!
|Norges Bank double their holding
i have also
|Strange old world PURP m-cap £396 m turnover £36 m
CWD m-cap £379 m turnover £737 m
i would get me a short on PURP but its got sentiment behind it, and will probably
double knowing my luck.
|Windy Old Withers in the buying department at Brandes is in for some stick .They meant Countryside not Countrywide!!|
|What to sell?|
|close to a deal !!
|Re. Brandes Investment Partners:
I recall distinctly how they took a near 10% stake in BM plant hire group in 1993 after it fell from about 450p to 90p, which encouraged me in. The company was eventually revealed as a can of worms and Brandes sold at about 10p to 15p. I gave up on their having much sagacity, to average down aggressively, and I was part-lucky to bail out at 42p. The stock was renamed Brunel Holdings and bumped along around 20p for some years before GPG carved it up in the late 1990s. Obviously this is a good while ago and just one example, but you'll forgive my not getting excited where Brandes takes a stake in a fallen stock.|
|Windy On the face of it the figures dont look too bad BUT and avery BIG but too during 2016 CWD were still forking out cash to buy revenue To name a few of the busineeses they bought in 2016 The Lettings Bureau. Finders Keepers The Mortgage Bureau The buy to let Business .Lanes Land & New Homes
Sso I guess a further £30m + turnover disappeared down the can during 2106 !!
Whats more evident is their policy to increase debt over the last few years of buying buineess and applying their magc wand to increase revenue has spectacularly failed Take your chance oftodays spike and SELL you know its right|
Countrywide Share News (CWD)
Share Name Share Symbol Market Type Share ISIN Share Description
Countrywide Plc LSE:CWD London Ordinary Share GB00B9NWP991 ORD 1P
Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
+0.00p +0.00% 170.25p 170.75p 171.25p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 718.7 47.7 18.9 9.0 368.55
Countrywide PLC Trading Statement
UK Regulatory (RNS & others)
Intraday Stock Chart
Today : Friday 13 January 2017
Click Here for more Countrywide Charts.
RNS Number : 0777U
13 January 2017
13 January 2017
Countrywide plc Trading Update
Countrywide plc ("Countrywide" or the "Group") (LSE:CWD), the UK's largest integrated property services group, issues its trading update for the year ended 31 December 2016 ahead of its results announcement on 9 March 2017.
Total group income for the year was circa GBP737m (2015: GBP734m) with income for Q4 of GBP179m (2015: GBP196m).
EBITDA for 2016 is expected to be in line with the current range of market expectations.
As anticipated, the underlying level of market transactions in Q4 continued to run below 2015 and we continue to expect full year 2016 market volumes to reflect a drop of circa 6% on 2015 levels.
Commenting on the Group's performance, Alison Platt, CEO said:
"It is pleasing to report modest full year revenue growth against the backdrop of a challenging residential sales market. Our Retail and London divisions were impacted by the lower market volumes which were partially offset by a strong performance from our Lettings business. It is encouraging to note that both Financial Services and Surveying reported profit growth notwithstanding the external environment.
"We continue to focus on delivering cost and productivity efficiencies across our business which will mitigate the impact of a 2017 sales market which is expected to show a reduction on 2016 volumes. The roll-out of our digital proposition remains on track and we continue to see performance in line with our expectations. As set out on 15 December 2016, we are currently underway with a strategic review of our Lambert Smith Hampton business and further announcements will be made as appropriate."
|not to shabby after all then, wonder if hillofwad will put his head
above the parapet , you can be sure he would have been here at 7.00 had the
news been bad.