Countrywide Share Discussion Threads

[costax1654x] 03/8/2018 15:42

Still 60 % above Placing!Some big investors will unload for easy money

[costax1654x] 03/8/2018 15:41

Better sell and buy back at 10-12 less risk

[costax1654x] 03/8/2018 15:41

Some are -25% Just from this morning paying 21.5!16 pence bid now!

[costax1654x] 03/8/2018 15:39

Might go under 10!

[technowiz] 03/8/2018 15:02

support at 10p. hope you sold B1.

[buywell3] 03/8/2018 14:27

Chris would have sung

buywell3 - 24 Mar 2018 - 15:31:50 - 1069 of 1266 Countrywide 2015 with charts - CWD

''And the road down to hell passes through the town of Insolvency
And that is a very poor place to be
When your down on your luck and need a stop to pee
Caught short in Insolvency is like being between a rock and a boulder
Not one Insolvent person lets you cry on their shoulder
Oh yes, this may be the way , this may be the way , is this the way to hell?''


Does what is happening to CWD show us a window

A window into what is going to take place in the UK property market ?


I think so

30% drop in the next 2 years IMO

50% of Estate agencies to go BUST like they do in hard times

[superslickrick10] 03/8/2018 14:25

topafrenzy....

"John D wood a walking Zombie"...what are you going on about?

They went on a massive aqcuisition hunt over the last few years, bought out some of the leading local agents in London and in my patch they merged with Faron Sutaria and now look after a massive lettings portfolio at the top end of the market.

Those two companies alone have a total of 85 offices between them and huge lettings portfolios and are both making a profit. A comparable is Foxtons who have about 60 branches and a market cap of £167m. Yet you think CWD are going to be “binned”.

[buywell3] 03/8/2018 14:22

Does what is happening to CWD show us a window

A window into what is going to take place in the UK property market ?


I think so

30% drop in the next 2 years IMO

[buywell3] 03/8/2018 14:20

Chris would have sung

buywell3 - 24 Mar 2018 - 15:31:50 - 1069 of 1266 Countrywide 2015 with charts - CWD

''And the road down to hell passes through the town of Insolvency
And that is a very poor place to be
When your down on your luck and need a stop to pee
Caught short in Insolvency is like being between a rock and a boulder
Not one Insolvent person lets you cry on their shoulder
Oh yes, this may be the way , this may be the way , is this the way to hell?''

buywell3 AD 2018

[thesloth2] 03/8/2018 13:31

Just looked at CWD for the 1st time today. Frankly I am staggered. I sold my House in London in early 2015 and moved 250 miles away. CWD share price at 550p. Even went to 600
for a while. Now look at it.This is a Company with earnings over that time not some flaky O&G or Mining outfit. Surely oversold ?

[ltcm1] 03/8/2018 13:23

They do manage 125,000 houses though, which must count for something.

I do not know how the changes in rental contracts will impact the industry going forward but the rental business must bring in a decent income no? I am no expert here!

[topazfrenzy] 03/8/2018 12:53

John D Wood is a walking zombie, amazed they are still going, Gascoigne Pees not far behind. Only Hamptons has any clout, Hetheringtons I have never heard of (I live in London). I cannot see this recovering EVER!

[typo56] 03/8/2018 12:22

Sorry Superslickrick10, it was a general observation about the ADVFN boards that seem to get filled with their one liners.

I use IG a bit huyyo. They're not great by any means and I have several issues with their platform, but they do offer a DMA platform that should give you access to the LSE exchange and others. If you do standard spreads with them then you're placing bets with them and they make the prices, and it could give them an interest in you losing!

If you think IG are bad I take it you've not used CMC!

[superslickrick10] 03/8/2018 12:15

I've not gone into hiding and i'm not kidding anyone. If anything i'm putting forward a great case for going short ;-)

[hussyo] 03/8/2018 12:08

Slightly off-topic - IG Index is a despicable company. I've been monitoring DTY on their platform and the price has a habit of drastically departing from the true, no doubt to hunt stops.

[tomboyb] 03/8/2018 12:00

I would add that there is no realism in asking prices -

Sellers are still asking peak prices and this is not a peak market -

So it is a stalemate bordering on the downside -

Might be worth looking at property comparison and houses that have reduced their selling price - A few are cropping up in some places up to 15% - 20%

[superslickrick10] 03/8/2018 11:54

Ok ok, share price aside...

Talk of this company being "binned" is just plain silly.

There are some 850 branches within the group, with some of the most well known brands being Hamptons, John D wood, Taylors, Gascoigne Pees, Hetheringtons. Most of those brands are well established and profitable. The CEO has already said that they won't be sold.

Secondly Countrywide is the UK's largest mortgage broker.

I'm all for jovial talk to push your (bull or bear) case but please can we have some realism to the discussion.

[tomboyb] 03/8/2018 11:52

Thanks Huss -

Where I live houses don't tend to be on the market for long however subtle changes for sale signs on the market for over 9 months and now quite a few TO LET signs being noticed -

Not the rout however I think easily noticed now -

[hussyo] 03/8/2018 11:41

tomboyd - there is a macro element to this stock driven by Brexit, but also the tax changes brought in by Osbourne, and as we all know the big stuff takes time to filter into the real economy. The housing market has shrivelled and it will remain that way for the medium term. 60k is the figure to watch for mortgage approvals - if it drops and stays below that number then it may turn into a rout.

[topazfrenzy] 03/8/2018 11:39

CWD will be broken up with Hamptons sold off and the rest binned, 1p coming here so get out while you can, they won't make any money again.

[costax1654x] 03/8/2018 10:54

Some still don't understand is not going to stay over 10-12

[costax1654x] 03/8/2018 10:43

All the way to 11

[horndean eagle] 03/8/2018 10:28

I expected a bit of a follow through this morning and for it to then sell off. I think its heading lower over the next few weeks. Those already holding will be dumping their positions as and when they can. Those who managed to get in on placing will be looking to flip. I think fair value is about 13-15p. Could go lower but wouldn't be in any hurry. Still a chunky debt burden and i think its earnings forecasts are for about 0.8p or so of earnings. What may stop it going into freefall is shorters being forced to buyback. not a lot of support out there at these valuations.

[costax1654x] 03/8/2018 10:25

Free fall to 15