Countryside Partnerships Share Discussion Threads

[medieval blacksmith] 13/1/2022 23:02

Brexiters are the ones committing treason old boy!

[toptrump1] 13/1/2022 22:23

Must be a great buy if The Porsche prat is bashing it, he gets absolutely everything wrong. Thoroughly abhorrent execrable individual to boot. He’d have been horse whipped and strung up once for sure for treason, back in the times he rather stupidly craves - ironic wouldn’t you say, hahaa

[buywell3] 13/1/2022 21:31

Better wait imo to see who comes in next

Previously the CEO strategy was a flawed one

IMO buybacks are a sign of being scared of the market

[mister md] 13/1/2022 18:16

did well on Victorian Plumbing when the Ceo did the same after price crash. Only difference here is that the CEO has left :-)

[mally6] 13/1/2022 18:08

Director buys rns tomrw morning probably

[adyfc] 13/1/2022 16:01

CEO gone if the CFO follows run for the hills.

[my retirement fund] 13/1/2022 14:17

Hey PORSCHE1945, they are talking about you on the HSBC thread :)

[theprovosts] 13/1/2022 14:09

Ahh, Porsche nubje is here, must be a buy.

[porsche1945] 13/1/2022 14:04

Parabolic inflation and taxes about to rise seriously, productivity ( wealth creation ) at pitiful levels outside London, credit junkie population and earnings lower than they were 22 years ago in real terms, factor in a trashed currency, the brexit self harming fiasco ( whatever happened to that amazing US trade deal haha ) and the country a political basket case thanks to wheezing fat bunter and slimeball Farage, it writes itself. House builders will struggle, they are all poorly managed and this is an ex “ woodford winner “, so even worse crxp than the others. The economy won’t support a healthy housing market and prices rise strongest just before a crash. Watch this space, UK is fxxcked. Ftse only 600 points above where it was 21 years ago. Says it all. Even the French bourse has outperformed ftse by 13pc over 12 months.

[olliemagern] 13/1/2022 12:17

The beauty of partnerships is that the risk is low, as houses are pre-sold before they are built.
However, if delays and costs rise substantially they may end up costing more to build than they have pre-sold them at.

With cladding and leasehold costs to come, there should still be some adjusted earnings this year, but may be no net earnings this year. The shares are under pinned with 187p Tangible Net Asset Value.

[medieval blacksmith] 13/1/2022 11:30

You think these directors have a handle on companies but in reality they have less grip than an Asian prostitute's hand job using copious amounts of vaseline.

[medieval blacksmith] 13/1/2022 11:28

Hilarious!

[hbuilder] 13/1/2022 11:06

Surely value isn’t trashed by 25% just by CEO leaving abs trading below expectations? The activist investors will be buying more shares at this price and pushing it back up one way or another! Dyor but I imagine in the next year or so this will recover.

[olliemagern] 13/1/2022 11:03

The update gives no explanation of what's gone wrong.
I can only assume they don't know.

[mister md] 13/1/2022 09:48

thats a lot of expensive shares the company has purchased over recent days... any value here, looks interesting potentially, but could get cheaper still

[arja] 30/11/2021 08:29

results do not seem so bad but market is saying they are worse than expected

[olliemagern] 26/10/2020 12:03

21st October 2020 Berenberg reiterates target price 230p that's a big difference to 420p from Barclays, Covid creating a lot of uncertainty.

[standish11] 09/10/2020 13:09

Countryside Properties : Barclays starts with overweight rating; PT 420p.

[eaglebeagle] 04/9/2020 09:07

The CMA has no teeth. For this kind of question there will be little ramification

[scepticalinvestor] 04/9/2020 07:18

RNS Number : 0099YCompetition and Markets Authority04 September 2020 Leasehold homes: CMA launches enforcement actionThe CMA is launching enforcement action involving 4 leading housing developers it believes may have broken consumer protection law in relation to leasehold homes.As part of its ongoing investigation, the Competition and Markets Authority (CMA) is today opening enforcement cases focusing on certain practices of:·    Barratt Developments·    Countryside Properties·    Persimmon Homes·    Taylor WimpeyThe move comes after the CMA uncovered troubling evidence of potentially unfair terms concerning ground rents in leasehold contracts and potential mis-selling. It is concerned that leasehold homeowners may have been unfairly treated and that buyers may have been misled by developers.The CMA's action relates to the following areas of concern:·    Mis-selling-      Ground rents: developers failing to explain clearly exactly what ground rent is, whether it increases over time, when increases will occur and by how much.-      Availability of freehold: people being misled about the availability of freehold properties. For example, the CMA found evidence that some people were told properties on an estate would only be sold as leasehold homes, when they were in fact later sold as freeholds to other buyers.-      Cost of the freehold: people being misled about the cost of converting their leasehold to freehold ownership. When buying their home, the CMA found evidence that some people were told the freehold would cost only a small sum, but later down the line the price had increased by thousands of pounds with little to no warning.-      Unfair sales tactics: developers using unfair sales tactics - such as unnecessarily short deadlines to complete purchases - to secure a deal, meaning people could feel pressured and rushed into buying properties that they may not have purchased had they been given more time.·    Unfair contract terms - ground rents-      The use of unfair contract terms that mean homeowners have to pay escalating ground rents, which in some cases can double every 10 years. This increase is built into contracts, meaning people can also struggle to sell their homes and find themselves trapped.Alongside these issues, the CMA will also be looking further into ground rent increases based on the Retail Price Index (RPI) and may take enforcement action should it find evidence of unfair practices in relation to these. In particular, the CMA is concerned about the fairness of escalating ground rent terms linked to RPI and that these are not always effectively explained by developers when discussing RPI-based ground rent with prospective homeowners.The CMA will also be investigating certain firms who bought freeholds from these developers and have continued to use the same unfair leasehold contract terms.The CMA has now written to Barratt, Countryside, Persimmon, and Taylor Wimpey outlining its concerns and requiring information.How the case proceeds will depend on the CMA's assessment of the evidence. Possible outcomes include legal commitments from the companies to change the way they do business, or if necessary, the CMA could take firms to court.

[cl0ckw0rk0range] 02/9/2020 08:15

Here he is again, buyers doling our advice to sell sell sell.What a beauty.