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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Countrywide Plc | CWD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 394.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 394.80 | 394.80 |
| Top Posts |
|---|
Posted at 11/11/2020 16:14 by hillofwad LSL Agree definitely a rank outsiderDont rule out Paterson or a management buyout with investor or maybe someone like CBRE who are wedged up 250p might not even be the end of the story either Should imagine that Connells have been casting their eyes over CWD for sometime. As you say astute and making their move at exactly the right time having carefully weighed up the pros and cons The dreadful Alchemy deal prompting their move They will never get another opportunity like it to fill all the gaps in Wales Scotland , the North, Cornwall&Central London where they are not represented for a rock bottom £150m No doubt plenty of duplication ,amalgamations and closures inevitable Competion Authority might require them to jettison a few brands They will be very familiar with their branch network and the individuals and no doubt been in discussions with some of the senior execs at the Brands Lets face it if the brand execs are good operaters they would already be reaching out for external investors to help get rid of the BODS who have done their level best to trash their careers What are they going to find deal breaking under the bonnet they dont know already a few prof negligence cases some onerous car and property leases ? Very happy to be adding to my holdings at this level |
Posted at 16/3/2020 11:11 by tarrant777 This company must surely have yet again breached banking covenants, which in the past, presumably underwritten by Oaktree, they have managed to renegotiate.This time around, with debt comfortably exceeding market cap, discussions will be VERY tricky. Unlikely to survive in current format, particularly as the house sales market has lurched almost to a standstill in the last 14 days-with no early recovery possible. Personally, I would not now buy the shares at any price as all small investors will get totally crushed in any restructuring. |
Posted at 22/12/2019 13:42 by turvart I've done some extensive research on CWD over this weekend, CWD is in fact IMO going to be a very strong recovery story. The companies Financials for 2019 end on 31/12/19 and should be out on the market for around late January or early Feb at the latest.The sale of Lambert Smith Hampton for 38 mln is going to be used to pay off existing debt of which will be a massive thumbs up from the bank, CWD then might renegotiate better terms, of which the terms are what I would consider more than fair at present with the bank. Who knows? CWD might ask to strike a better deal with interest rate or more time at a lower payback rate? Once Brexit is sorted there will in my opinion be a surge of properties going on the market, so people that are buying CWD stock are not buying for today but buying into a future market of strong growth into the property market. This is evident of the recent share price rise of CWD, I'm bullish on CWD and so are thousands of other investors, so the share price trend is your friend! I'm also still convinced that interest rates will need to be cut and several members of the Bank of England take my view, but the vote goes into hold on a Majority, I still can't see how the bank of England interest rate can possibly be an hold when so much damage has been done particularly in the manufacturing sector of the UK and really need a boost to get it going? Before Brexit came on the scene CWD share price hit 599 at it's high, then the share price started to go seriously South during the Brexit period of which had an adverse affect on property related stocks. With the research I have done this weekend CWD are in fact solvent by a larger amount than people would give them credit for and I'm convinced that when the final results come out late Jan/ early Feb that these results are going to be a slight surprise for H2 to the market. I can honestly IMO see CWD being a serious multi-bagger at current share price levels. |
Posted at 19/12/2019 20:58 by turvart Philosopherad1,CWD has been on my radar for the last 6 months and guess what stopped me buying? the share price going down and also your comments that influenced my fear of buying such a stock. Now Brexit is going to get done one way or the other with the Tory majority, now the property market related stocks are on the increase, look at RMV, BYG,SGRO, AGR just to name a few then after Brexit is sorted of which it will be then property prices will explode higher in the UK, the sentiment will be high and Brexit has in fact held off people selling their houses of which has been the largest impact for CWD share price I'm buying this first thing tomo and FU to your pathetic comments of which to me seem like a disgruntled investor. |
Posted at 14/10/2019 18:03 by stantini It may be old news but as detailed in a recent article in the Negotiator - the property industry trade magazine ...'Countrywide has appointed a new Chief Operating Officer in the form of Bruce Marsh, a Tesco executive with a track record before that in DIY. At Tesco he has been its UK and Ireland Finance Director since July 2015. Before that he worked for seven years at Kingfisher Future Homes, the owner of DIY giant B&Q. Marsh is to report to Group Managing Director Paul Creffield and also serve as an executive director on the Countrywide board. The company has also indicated that the appointment is part of a plan to bring in fresh blood as part of its ‘succession planning’ strategy, which industry commentators have suggested is part of a plan that will see the current senior management team make way. This is likely to be part of a strategy to placate its weary shareholders, who are still waiting for a significant turnaround in the business. “Bruce brings valuable management experience and a proven track record that will assist the Company’s turnaround strategy, and his appointment will complement and strengthen the executive team both now and for the future,” says Executive Chairman Peter Long. Bruce Marsh, whose leaves Tesco alongside his boss Dave Lewis last week, says: “I am excited to join Countrywide and to help them with the next stage of their strategy. “I’ve thoroughly enjoyed working with the excellent leadership team at Tesco and am proud of the progress we’ve made over the last four years.” -------------------- My own thoughts (Stantini's)as a past employee, I genuinely hope that Countrywide survives, and I am sure that Bruce’s professional background in the property sector will serve him and Countrywide well. Thank goodness they have not appointed someone like the long departed Alison Platt whose background was anything but estate agency, and who oversaw in her 4-years a 89% drop in the company’s share price. Regarding any connection to Bruce, I do not think there is one, apart from Alison being or was a non-executive director of Tesco’s. At least with the current share price at 3.9p, no-one can really harm the present fortunes of the company. And in fairness to Bruce and Dave Lewis who steps down from Tesco next year, the company accounts at Tesco are in much better shape than they were a few years ago – but of course at the cost of cutting jobs and remodelling the business. The difference between Tesco and the Behemoth of Countrywide, is that Tesco when turning its fortunes around was in the top three of retailers in the world, Countrywide sadly does not have the same pedigree – and the clock is ticking. With many prime agencies trading on 1% net margins, and some in the red, and the online sector of agency in the doldrums - 30M losses just announced for Savills vanity project (after 16M was injected by all parties apart from LSL) and Mr Woodford's vanity project Purplebricks still failing to show a return, perhaps putting money into estate agency companies is not a safe bet. It might be a £6.5BN turnover annual industry, but as over 8,000 of the 19,230 estate agents are single or two office affairs, maybe investors would be better off investing in something more tangible. |
Posted at 08/10/2019 12:27 by tarrant777 All investors can now sleep easy in their beds knowing that Countrywide have a new COO-an accountant with extensive retail experience! Oops-isn't that where all the trouble started?? |
Posted at 20/8/2019 13:47 by philosopherad1 I was under the impression that WB was a savvy investor? That would be contrary to buying cwd which is now ruined alas. |
Posted at 19/8/2019 08:27 by parisv "Sources said an offer would have to be pitched at above 10p – the price offered last year when the firm raised £129 million from institutional investors to reduce its debts." |
Posted at 01/6/2019 09:32 by hillofwad LomaxYes -The way of all flesh .The fate of all Listed agents akin to political careers. Usually end in tears for the private investors . Savills being the notable exception Not so for the agent partcipants in the moveable feast Canny lads at BTW Shiels in Belfast will be steeling themslves for another break off and third bite of the cherry Having sold themselves twice before to CWD in its various guises No doubt selling themselves back to Son of Countrywide sometime in the future |
Posted at 09/8/2018 11:49 by smithless Some of the new investors in placing will be forward selling at a 40% profit, but the situation will stabilize. The enterprise value post placing is approx £115m at the current share price, which doesn't seem a lot if it can get its gearing to work. Not in yet as too many flippers in the mkt, but old investors putting yet more money in (will want a many x share increase) gives hope of a turnaround here. If they saw no hope, they would have walked and let it go administration. Need a decent CEO, as exe chairman not up to it. New and old serious investors would have insisted on this at pre-placing talks imho |
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