Share Name Share Symbol Market Type Share ISIN Share Description
Countryside Properties LSE:CSP London Ordinary Share GB00BYPHNG03 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.80p +0.84% 336.60p 335.00p 336.00p 338.20p 330.20p 336.20p 755,752 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 845.8 141.7 26.0 12.9 1,514.70

Countryside Properties Share Discussion Threads

Showing 126 to 147 of 150 messages
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CSP full year results "confident of delivering sector-leading growth in 2018 and beyond."
Walbrock I think you miss the point. The CSP business model is re-positioning to the strongest demand of affordable lower cost houses, and the quicker turnover partnership section of the market. Increased orders mean CSP is set to grow earnings around 30% p.a. in 2018 and 2019 with growth some three times faster than other house builders. At 348p they are currently on a p/e 7.9 times my Y19 f/c earnings of 44p. Sometime after results on November 22nd the profit f/c for Y18 and Y19 will be updated slightly upwards, but with more clarity and certanty the shares should outperform the market. I say buy, you say sell, one of us will be completely wrong.
Having looked at the results, here are my thoughts This homebuilder completed 28% more homes than last year taking it to 3,389 homes. But, the average selling price ("ASP") reduced by 8% to £430,000, which was in-line with market expectations. The problem is their housebuilding division with average ASP reduced by 23% to £515,000, whereas the Partnerships division saw 12% increase to £343,000. Countryside contributes ASP rise in their Partnership down to “outer London and regional cities.” But the reason for price decline in their housebuilding division is down to reduce their exposure from the high-end product! It should say that London home price is falling. Land plots continue to grow to 38,811 plots, which is equivalent to 11.45 years’ supply at current volume. No profit forecast Apart, from stating the obvious (Help to Buy scheme), there is no mentioned with a profit forecast. It will be interesting to know how the reduction in homebuilding selling price affects pre-tax profits. Historical and forecast Last year sales came to £671m, up from £277m in 2013. Meanwhile, operating profits were £87m, up from £17m. Stock, as % of sales is almost equivalent to annual turnover. PE ratio is at 25 times with EV/EBIT at 15 times. Although, PE is forecast to fall to 13 times. Also, the dividend yield is low at 1.5%. Comparison For the sake of comparison, Berkeley Holdings has PE of 8.5 times and EV/EBIT at 5.9 times. Final thoughts Their housebuilding division contributes 53% of turnover and 48% of pre-tax profits. With the division seeing a 23% fall in average selling price, this could push it into a net loss and will affect overall profitability. I feel without profits forecast, this is a delay reaction. As soon as they report their annual results (somewhere in November), we could see a major share price correction! Add in the fact that it is twice as expensive than the sector average, then the shares a sell, based on the lack of financial detail. Feel free to comment below. For further results and analysis on other companies result, click
Building pre sold houses for expanding Sigma capital and PRSR with local govt help, ensures rapid redevelopment of brownfield sites. And helps the govt to meet new housing demands. CSP will continue to outperform other house builders for the foreseeable future. Eps for Y Sep 16 was 16p, current f/c 27p y Sep 17, 35p Y Sep 18 and 44p Y Sep19.
olliemagern 31 Jan '17 - 12:47 - 4 of 4 Oaktree placing at 230p means their stake is down from a majority 56% to 46%, they need the cash to support their US oil investments. On track to meet 24p eps Y sept17 and 31p Y Sep18. Increasing work from faster track local govt affordable brownfield housing partnerships mean these are likely to grow faster than most house builders, and therefore look a good value investment at 230p, with 120p tangible net assets.
What the heck happened at 11.30am, did someone in a fund suddenly read Wednesday's SHARES magazine? Or the results?
hard core volume
Oaktree placing at 230p means their stake is down from a majority 56% to 46%, they need the cash to support their US oil investments. On track to meet 24p eps Y sept17 and 31p Y Sep18. Increasing work from faster track local govt affordable brownfield housing partnerships mean these are likely to grow faster than most house builders, and therefore look a good value investment at 230p, with 120p tangible net assets. Numis target 296p Peel Hunt target 310p
Price briefly reached 280. Highest broker forecast is currently 297. Now looks likely to be achieved after the 6 month results and 2018 outlook. 75p on a 225p investment would be sweet.
Great Breakout, good for 300 after those sound results.
Just purchased my first tranche in this share so good luck to all of us.
Hello! What are market expectations for turnover and earnings year to 30 September 2016?
It is a bit lonely in here. I applied for £1000.00 and was scaled down so I only got 377 shares.
joseph moran
Thank you for setting up this board. Hopefully one day it will get used.
Pricing range was 225-275 and final offer was 225p. If the market recovers in general a 275 exit point will look achievable quite quickly. 50 on 275 or 22% would be nice. I got scaled back to 85% in the offer. Watch out for lock ins to end after 6 & 12 months.
Good start
joseph moran
Trading Statement RNS Number:9518V Crown Sports PLC 20 December 2005 Crown Sports plc Trading Update The management of Crown Sports plc provide a trading update as it approaches the end of its current trading year. We announced at our interim results in September that as a result of a slowdown in membership sales we were significantly increasing our marketing investment. As a result of the action taken we have seen several months of strong new joiner growth which, combined with a stabilising attrition rate, we anticipate will result in our overall membership levels being ahead at the end of the year. We also communicated that we were seeing significant increases in electricity, gas and business rates, that have continued to impact upon the business in the second half of the year. As a consequence we believe that it is prudent to continue to take a cautious view on the short-term outlook for the group. While we expect pre-tax profits for the year (before goodwill and exceptionals) to be ahead of 2003, they will be below the strong result achieved in 2004 and below current market forecasts. The company will announce its final results for the twelve months to 31 December 2005 on 4th April 2006. Enquiries: Mark Edwards Buchannan Communications Tel 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange END TSTFELFFSSISELE
likewise i am very interested in csp - nav above share price, small profit which a takeover could very much improve via stripping of some admin costs - it may take time but i see a 20p ish takeover in due course IMO . We have a dragons nearby and livingwell and d. Lloyd which all cater for differing groups of people
Hi recs., Thank for your observations. The turn-round story attracts me. Plus the property backed embedded value. [ 300k trade just printed]. rgds., H
we have a Dragons where I live, my wife & her friends belong to it, I looked at it but was not overly impressed. The competition within a 1 mile radius is fierce with a large David Lloyd & a Top Notch in walking distance. A further mega large David Lloyd is being built about 10 miles away.... On the positive side, they seem to have a hard-core contingent (including my wife) who would not leave there & go somewhere else... £60 per month for membership...seems average enough. Cant see how they will attract new members though as the club is relatively small compared to the David Lloyd - although parking is free, a major plus in the town area...
OPERATIONAL HIGHLIGHTS • 10% growth in Dragons operating profit (excluding central costs) to £6.4m (2003: £5.8m) • 2.6% improvement in Dragons operating margin • Club membership up 3% on like for like basis to 51,237 • Club joiners up 5% on like for like basis to 27,894 • Transfer to AIM completed in May 2004 • Capital reconstruction completed in June 20 Commenting on the future, Martyn Grealey, Chief Executive of Crown Sports, said; 'In the short term the market remains tough and highly competitive but we are continuing to make progress with net membership growth of over 3% in the first quarter of 2005 which represents a significant achievement in challenging market places.'
Crown Sports PLC 05 April 2005 For Immediate Release 5 April 2005 Crown Sports PLC Preliminary Results for the Year Ended 31 December 2004 RETURN TO PROFITS AND DIVIDEND Crown Sports plc, the health and fitness club operator, today announces preliminary results for the year ended 31 December 2004 and the payment of a dividend for the year. 'Our performance over the past year has seen a good uplift in profitability and further significant reductions in our debt levels, reflecting the success of our strategy of disposing of non core businesses whilst focusing on the health and fitness sector. The work undertaken by the management team has resulted in the successful completion of our turnaround plan that has established a distinctive platform on which to build our business for the future.' Ray Pierce, Chairman. RESULTS • Group turnover £22.9m (2003: £26.3m) • Group operating profit (pre exceptional items) up 40% to £4.2m (2003: £3.0m) • Pre tax profits £3.3m (2003: £2.0m loss) • Earnings per share 0.8p (2003: loss 0.8p) • Net debt down £5.3m (29%) to £12.7m (2003: £18.0m) • Gearing down to 25% (2003: 37%) • Net Assets per share 17.3p (2003 : 16.7p) • Final dividend proposed 0.27p (2003 : nil)
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