||EPS - Basic
||Market Cap (m)
Countrywide Share Discussion Threads
Showing 10326 to 10347 of 10350 messages
Comment below says it all
MARCH 15, 2017 AT 8:30 AM
“We are committed to maintaining a strong and sustainable business, based on the solid principles of putting our customers at the heart of what we do, and ensuring that we make the most of our people and our assets.”
………;……̷0;.so we’re closing our Sales Support Centre, getting rid of all our industry experienced management team, shutting a load of offices and are now offering a low level of service online option at a cut price fee that will earn the staff pence in commission.
Way to go.|
|Yes, just what they need-another person on the board who hasn't got the first idea how to run a major UK agency business.He or she would be in good company!|
|Maybe Brandes who have been building a big stake demand a seat on the board and attempt to put the wheels back on the bike|
|People who agreed to buy (WHY??) stock last week at 175p, must now be really sick to see their investment down 10% and falling.Where is the bottom for this stock??|
|This will end up with some parts being sold some management buyouts and the rump acquired by some venture capitalists After the banks are paid off there will be SFA left for shareholders and the whole merry dance will start again|
|Cheers hillofwad. Glad I sold out of these when I did. Hard to see where it's going to end up with the present board in place. Wonder if K Mann still holds? He was ramping this up to high heaven at around 230p. Telling all and sundry what numpties they were for not agreeing with him|
|Nufin rong wiv my spegging! Believe it or not it was meant to be demonstrate!!
Classic example of paying out mega bucks for a brand and then making it disappear|
|There can be nothing more disheartening for the talented seniors at CWD to know that their path to the top is stymied unless they can demdisablede they operated the till at Woolies !|
|Well Tarrant maybe so but apart from Savills (growth mostly organically ) history has shown us that all listed estate agents who have expanded by acquiring mature buinesses have failed think Erinaceous and DTZ and who can forget the disastrous foray by the Pruidential who wrote of millions
The problem is that its a people business and what you are effectively doing id geting the cheque book to give a golden goodbye to senior partners on the basis of past work abig cheque for business unlikley to be repeated Clients come and go Its an entrereneurial game and those that reamining have no equity who are the main fee earners have just seen their career prospects go out of the the window so they plan their departure clients in tow Especially so at CWD where the main BODS are popualated with outsiders
Its the way its always been So borrowing millions to buy turnover which effectively leaves by the back door really isnt going to end up in anything but tears. CWD have fuelled their expansion with bank borrowings with shrinking turnover just at the ewrong time where now there is no possibility of paying it back What sort of strategy is that a very bad one as evidenced by todays share price Now the banks want their money back so they will have to firesale LSH for half the price they paid|
|Hullofwad, there is absolutely nothing wrong with buying businesses, or indeed taking debt if it is part of a carefully organised strategy. Indeed for those old enough to remember, Countrywide itself was built from a reasonably small base into the largest and most profitable agency group in the world by a series of large and small acquisitions, some financed by debt.Where the current managed team appear to have become totally confused is an inability (it appears from the outside at least) to have any specific policy, beyond getting rid of legions of people, many of whom, although probably not perfect (who is?) had years, and, in many cases, decades of experience successfully running high street agency and charging premium commission rates to ensure profitability, as well as generating significant follow on opportunities for other group services (mortgages, insurance, surveys, conveyancing etc).A recognisable strategy may yet emerge to surprise many of us, and profits may follow, but one senses in every respect that the business and management are drinking in the last chance saloon.|
|The worst thing is Platt carried on writing cheques with borrowed monies buying turn overright up to the time she slammed the car into reverse You can almost hear the cogs shattering So she paid with money she didnt have for businesses afewmontslater she was shedding staff and closing branckes Banks now want their money back You really couldnt make it up share price in freefall today|
|If anyone wants to see how to pour tens of millions of pounds of shareholder money down the drain, get hold of the recent results and read the detail. E.G. £8m+ on redundancy payments(largely paying off people who knew what they were doing)!More to come in 2017 apparently as the branch "rationalisation" (for which destruction) program continues.My view is that Cwd in its current form will be very lucky to survive 2017- and as for the board and senior execs.....|
Platt running with the hare but hunting with teh hounds Bearing in mind she is now committed to digital maybe her and her retail chums have flagged up they havent got the skillsets for the job
I cna just imagine someone discussing which service as a branch If I choose the cheaper service will your negotaiters recommend a similar proeprty when they get a better fee|
|Artice 50 wil hammer it|
|Surrpised that the share price has held up so well Mor edilusioned agents leaving by droves Company polarised into Doors to Manual Alison's retail buddys and the seasoned property professionals whose bonuses have been capped Road to Nowhere|
|Last week, Connells, which is run by experienced property people who know what they are doing announced a further year of growing profits, far higher than this bunch of novices have today produced.Ten years ago, Countrywide was a materially bigger, better and significantly more profitable business than Connells, and the way that the board have overseen the executive team destroy Countrywide's market leading position, whilst at the same time building debt up to almost £250m (which they are now seeking to reduce a little by flogging off another few million shares) is ABSOLUTELY DISGRACEFUL.Personally I can not see why any intelligent investor would now seek to buy or hold these shares as the company appears to be in a terminal downward spiral.|
|Windy i hope you are out Indeed Disaster Banks clearly want their money back LSH no chance of being sod unless at a considerable loss All that addutional revenuebought expensively with borrowed monies last year efffectively vanished Lost rather than added value Freefall|
|Should be an interesting day.
billy two cocks
|steady as she goes, we might get through 200p this time, lovely
bowl starting to form on the chart. Results on the 9th march.
|PURP m-cap £694 mill lol
incredible lost for words.
|Possibly hope you are creaming off when its above 195p could be the last one! Maybe next trading update wont be as bad as expected|