Countrywide Share Discussion Threads

[mot007] 14/2/2018 12:15

!FOLLOWFEED
Consensus recommendation
As of Feb 10, 2018, the consensus forecast amongst 8 polled investment analysts covering Countrywide PLC advises investors to hold their position in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Jan 24, 2018. The previous consensus forecast advised that the company would underperform Countrywide PLC.

The 8 analysts offering 12 month price targets for Countrywide PLC have a median target of 113.00, with a high estimate of 133.00 and a low estimate of 95.00. The median estimate represents a 36.14% increase from the last price of 83.00.

[kmann] 13/2/2018 12:54

OK, lets see who it is, and what their strategy is. They need to be more high profile on the hybrid side imo. PURP might look (headline) cheaper, but when you add on the extras and compare the service high street probably better, just. (thats who i'm going with for those reasons).

The news headline are as ever mixed on the state of the market month by month, area by area, but FTB numbers seem OK.

[hillofwad] 06/2/2018 13:41

Kmann

I guess it will be an interim appointment time served steady hand on the rudder industry related Maybe someone like Andy Martin from Strutts .It will need someone of sufficent stature to appease the banks that the wheels are back on the bike. More importantly the institutions for another round of funding forsay £50m which should keep everyone happy and some breathing space

The irony is having spent tens of millions buying up practices with talented individuals you would have thought there was someone who could smash it as CEO

[kmann] 05/2/2018 22:26

next rns new ceo. any names in the frame?

[hillofwad] 01/2/2018 12:22

Windy .Maybe if they appoint the right person to the board which would possibly take the pressure off from the banks Still the danger of course the banks might see this as an opportunity for a placing to take place More shafting for the PI Maybe another £40m on the table will be sufficent to steady the ship

[w1ndjammer] 01/2/2018 09:30

Is this worth a punt. been a longtime since i dabbled here.
see some familiar names still around.

WJ.

[hillofwad] 01/2/2018 08:13

The problem with break up value is that unless they do something quickly bits and pieces will already be breaking off independentally kicking the sum of the parts greater than the whole theory

Senior staff who have spent their working life fostering relationships and a client list will be concerned that their clients might disappear not wishing to be associated with a company failing in full glare

You can guarantee that companies will be concerned about renewing contracts

They can simply upsticks taking clients and revenue with them leaving the rather salty £195m behind

[tarrant777] 31/1/2018 18:36

City obviously thinks that a deeply discounted rights issue is on the horizon. Wonder at what price institutions would buy into this sick patient. 50p-60p maybe.

[kmann] 31/1/2018 13:45

This has overshot brenenbergs 95p. Investec adding again imo, obviously they see a break up value in excess of the current market cap.

[hillofwad] 31/1/2018 10:28

The Irish eyes are smiling back at BTW Shiells in Belfast Sold themselves twice in the past for fancy sums to CWD in its various guises and "bought " themselves back out for a couple of rounds of Guinness .No doubt busily preparing themselves for another bite of the cherry

[hillofwad] 31/1/2018 09:54

Only just ! If it falls under 90p maybe Oakmark who are effectively a distressed company buyer might up their stake and the whole merry dance starts again

Poor old Long he has suddenly had to get off his seat

[nortic 007] 30/1/2018 15:54

You got out well there Sir.

[nortic 007] 27/1/2018 09:12

It's shameful when management and especially CEO's do a bad job and walk of with a golden goodbye. This could all be a blessing but only time will tell.If I hear anything from coal face I'll keep in touch.Good weekend

[hillofwad] 27/1/2018 08:05

Yes very happy to get out intact.Its only a game as yu say sorry to hear about your friends passing Maybe you might enjoy a small rise The post by the Middle Manager says it all really A huge disconnect between the cardboard cutout BODS and the fee earners these are professionals -they aren't going to put up with being "led" in this way they will walk with clients unless there is total regime change

[nortic 007] 26/1/2018 17:16

It's funny but I did mention the debt and he didn't seemed to worried but who knows. A round of drinks isn't the worst result. Lost a good friend this week so puts things into perspective. No hard feelings and enjoy your weekend.N

[hillofwad] 26/1/2018 17:04

Got out at the death,silly punt and made just enough for a round of drinks LOL .I think your mate hasn't factored in the debt . BODS who have not been involved in the operations who have gone little further than pass the port in the Boardroom have lost the respect of the senior fee earners

Well known in the market that star players are totally disillusioned Management buyout prohibitive at these levels with the debt . The BODS probably dont even know who the fee paying clients are Its easier for the seniors to upsticks get some equity elsewhere and take the clients and leave the plc to sort the debt out
Too little to late by the arrogant cardboard cutout BODS Cant believe they didn't have a a face lined up

[nortic 007] 26/1/2018 16:36

Spoke to my mate last night who own 30% of an unlisted manly London based estate agent. If often keep him in touch with what going on regarding Foxtons (nearest competitor) and Countrywide.He fancies CWD at these levels.If your out get back in is my advice.Know need to thank me.

[hillofwad] 25/1/2018 20:06

MIDDLE MANAGER SAYS IT ALL REALLY

"How very dare you Mr. Long! Most of the staff have never heard about you before today or indeed even met you, the moment AP has gone you now decide that CW need to re-focus, for your information we at the “coal face” have been nothing but focused it is the likes of you and the rest of the senior management that should have been focused some three years ago but no you did diddlysquat! Nobody can recall you or any other senior manager saying anything remotely like this before today! Staff at branch level having being saying this since the day AP was appointed (particularly after meeting her) and as a consequence were a) managed out b) told by senior management “yes you are quite right but we are going to have to be quiet, keep our own counsel and wait until AP has gone (which will be any day or the next day or…) as we are not prepared to speak out otherwise we will also lose our jobs” c) “Don’t be silly she knows what she is doing so let’s all believe the fake news and ridiculous rhetoric as it must make sense?”
How can AP with a straight face or with any level of integrity take this money? This is just another example of what this country has become and the injustices we all see on a daily basis. Even now she can’t accept any responsibility, she is still coming out with “fake news “that we have all had to put up with for years, I have not met one other person within CW at ANY level that had ONE good word to say about her or her “strategy̶1; after actually meeting her that understand the business, in her defence that were some within the company that would not agree this, which speaks volumes for the predicament we are now in. AP and the rest of the senior team have very nearly destroyed a once great company that was market leader in several sectors of the property business whilst the entire senior management sat there and nodded their heads at her, these same people have the audacity to think we are going to accept them as our new leaders? You’re now saying we need to re-focus! No what WE need is for you all to sod off and be replaced by people that we know of and can actually trust to lead us out of this mess YOU assisted in creating, take your fat cheques and the let real workers to get us out of this…."


MAYBE BRANDES AND THE OTHER MAJOR SHAREHOLDER OAKTREE WHO SPECIALISE IN DISTRESSED COMPANIES TAKE SOME POSITIVE ACTION HERE

[hillofwad] 25/1/2018 19:59

Extract from Brandes investment notes towards the end of last year Brandes have built up a large stake in CWD
"
Countrywide continued to struggle with market uncertainties surrounding Brexit (the United Kingdom’s decision to leave the European Union), which have led to fewer buyers and sellers in the housing market. Despite the continued slowdown in housing sales, along with the potential changes to housing policy that may compress profit margins. We continue to believe Countrywide is well positioned to adapt its cost structure. It is our view that the company’s diversified business lines provide a hedge in this challenging environment."

FORGOT ABOUT THE SENIOR MANAGEMENT ,PAL!

This is in striking contrast from a middle manager who responded to the rallying the troops call by the CWD Peter "bagful of directorships "Long

He says: “There is no doubt that we are operating in a challenging market environment but we have real strengths across the Group. The diversity and breadth of operations we have means that with the correct focus we can once again be a winning Company and as I said earlier, one that we can all be proud of.”

More details on Countrywide’s strategy will be released in the full 2017 results which are presented to the City on March 8. “There is much to be done in the coming weeks before we announce and many of you will be seeing a lot of me during that time” .

[anony mous] 25/1/2018 11:08

Shorters burning over at Foxtons.