Countrywide Share Discussion Threads

[nortic 007] 09/11/2017 07:08

Trading update this morning.

[hillofwad] 02/11/2017 10:20

Dont get me wrong there are some parts of CWD which hold some value

hxxp://www.countrywide.co.uk/news/countrywide-conveyancing-services-win-new-customer-service-award-at-the-estas/


However management have lost the troops,under pressure from banks to reduce loans with decreasing revenue

Would be very surprised if a predator would pay the current market valuation of £275m

[hillofwad] 02/11/2017 10:10

Certainly am but I have been watching very closely since they were 600p

[nortic 007] 02/11/2017 09:41

Hillofwad You watching

[opodio] 02/11/2017 08:37

taking off

[nortic 007] 01/11/2017 11:18

FYIGovernment action to end letting agent feesA new draft bill will be introduced to Parliament today (1 November 2017) to ban letting fees.The draft Tenant Fees Bill will set out the government's approach to banning letting fees for tenants, helping millions of renters by bringing an end to costly upfront payments.Evidence shows the level of fees charged are often not clearly or consistently explained, leaving many tenants unaware of the true costs of renting a property.This latest action will help improve transparency, affordability and competition in the private rental market. It will also prevent agents from double charging both tenants and landlords for the same services.Today the government has also launched a consultation on making membership of client money protection schemes mandatory for letting and managing agents that handle client money.These schemes ensure greater financial protection for landlords and tenants, giving them complete confidence that their money is safe when it is with their agent and they can be compensated if all or part of their money is not repaid.Communities Secretary Sajid Javid said:This government is determined to make sure the housing market works for everyone. Tenants should no longer be hit by surprise fees they may struggle to afford and should only be required to pay their rent alongside a refundable deposit.We're delivering on our promise to ban letting agent fees, alongside other measures to make renting fairer and increase protection for renters.As part of wider plans to improve the rental market, government has already introduced measures that crack down on the small minority of rogue landlords that shirk their responsibilities. Earlier this year, the law was changed to allow councils to impose new fines of up to £30,000 as an alternative to prosecution for a range of housing offences.The draft Tenant Fees Bill, which reflects responses from a public consultation also published today, will:Cap holding deposits at no more than one week's rent and security deposits at no more than 6 weeks' rent. The draft bill also sets out the proposed requirements on landlords and agents to return a holding deposit to a tenant.Create a civil offence with a fine of £5,000 for an initial breach of the ban on letting agent fees and creating a criminal offence where a person has been fined or convicted of the same offence within the last 5 years. Civil penalties of up to £30,000 can be issued as an alternative to prosecution.Require Trading Standards to enforce the ban and to make provision for tenants to be able to recover unlawfully charged fees.Appoint a lead enforcement authority in the lettings sector.Amend the Consumer Rights Act 2015 to specify that the letting agent transparency requirements should apply to property portals such as Rightmove and Zoopla.More than 9 out of 10 tenants who responded to the government consultation backed the action to ban letting agent fees, with 7 out of 10 of them saying these fees affected their ability to move into a new rented property.Overall more than 4,700 responses to the consultation were received from a range of individuals and representative bodies from across the sector.The government's housing white paper sets out measures to build the homes Britain needs now and to give those that rent a fairer deal. It puts tackling the high cost of renting at the heart of its plan to fix the broken housing market.The new measures set out in the draft bill are now subject to Parliamentary scrutiny before they can be introduced into law.

[hillofwad] 25/10/2017 14:17

There seeems to be some sort of desperate death roll for Platt as trying yet another in initaitive to increase flagging revenue

I wonder who will be stepping up to fill her seat

[nortic 007] 25/10/2017 10:27

MFCStop talking rubbish.If I remember you had a target price of 30 for Foxtons and now you're desperately trying to puff them.I'm just giving you a honest opinion. I hold both stocks.Have a good week

[middlesboroughfc] 25/10/2017 10:14

Yawn you seem keen to get on board

[nortic 007] 25/10/2017 10:12

My post in Foxtons this morning but is also relevant to Countrywide.Well it's nice to see some positive posts on here and I'm still a holder but I would be slightly cautious regarding The Budget. The news about stamp duty is expected and I think most of that has been factored in. Markets don't wait for expected good news and then go up they tend to preempt. I can imagine there will be cries of "to little to late" from certain quarters of the industry but every little helps as they say. The shares will recover but it will take time so don't expect miracles in the short term. There will be a rate rise next week after this morning growth rate of 0.4% (see FTSE reaction this morning) so that's worth noting.MFC My only advice to you is never buy things T20 because it normally ends in tears .I'll step back for another week and good luck to all the holders .

[middlesboroughfc] 24/10/2017 18:20

`Investec have bought BIG after the stamp duty leak

[opodio] 24/10/2017 12:25

Speculation that the Government could slash stamp duty for first-time buyers to help them gain a foothold on the property ladder helped struggling estate agencies Foxtons and Countrywide pull out of their recent share price spirals.

Excitable traders latched on to hopes that the Chancellor, Philip Hammond, will use next month’s Budget to ease the tax burden on young buyers. This will in turn boost the secondary market and signal the end of the downturn weakening shares in traditional estate agencies.

[opodio] 24/10/2017 12:23

forming a base

[nortic 007] 18/10/2017 16:28

kMannStill waitingNortic 007 - 03 Oct 2017 - 07:57 - 1888 of 2549 - 1These are just my thoughts on Countrywide and the same applies to Foxtons. I've also bought Foxtons for the same reason.Fundamentals don't look great but over the last 2 trading days over 9 million shares have traded. I bought 25000 purely on the back of this plus I know that seller has been cleared.Did you also notice that on Friday 6 million shares traded in Foxtons. Makes me think something is a foot but who knows.

[albanyvillas] 18/10/2017 14:31

Chancellor ‘considering cut in Stamp Duty for first-time buyers’
OCTOBER 17, 2017 | MARC SHOFFMAN
Email to a friend BACK TO HOMEPAGE Post navigationNEXT STORY Print
The Government appears to be floating the idea of a 1% Stamp Duty cut for first-time buyers in next month’s Budget.

The Evening Standard yesterday ran an article badged as exclusive yesterday claiming Philip Hammond is considering the move in a Budget that will “aim to help people in their twenties and thirties and restore ‘inter-generational fairness’ to the system”.

It is unclear if this would just apply in London or be UK-wide.

Many commentators, including agents, have called for something to be done about Stamp Duty, claiming it is holding back transactions.

The Evening Standard – whose editor is former Chancellor George Osborne – said: “Stamp Duty is a massive extra cost for people trying to buy their first home, especially in London.

[bbmsionlypostafter] 18/10/2017 11:33

£9,273 raised.

[nortic 007] 18/10/2017 10:52

There is a buyer at this level

[kmann] 18/10/2017 09:21

When Foxtons start using terms like resillient then you know your near the bottom of the cycle imo.

The stamp duty leak was the catalyst for Investec to buy. These guys get in ahead of the game. But there again the real estate industry have lobbied hard for that change in stamp duty. Seems fair. So another part of the chain going to start moving. You want to be in a company going to be swept along with that wave imo.

[topazfrenzy] 18/10/2017 09:17

Gosh some people are so obstinate, let the shorts burn, this is going to 180p before we know it, and Foxtons to £1.20

[hillofwad] 18/10/2017 09:11

Nortic

Still the best long term play to grind down to below 100 p This was always going to be the case even before Platt's appointment Follow the trends by all means
and as you say these little fillips are traders dreams

[nortic 007] 18/10/2017 08:52

The same buyers that we're around yesterday are back in the market today.As for Countrywide there does seem demand and what liquidity there was (which was very little) has been taken out of the market and don't forget that Incestec bought that stake of a hedge fund bear!!!! Maybe Countrywide are cr&p but I'd be a nervous bear at the moment.Small orders in this stock will move them violently in either direction .You been warned .

[nortic 007] 18/10/2017 08:16

Watch and learn gentlemen.