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CWD Countrywide Plc

394.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Countrywide Plc LSE:CWD London Ordinary Share GB00BK5V9445 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 394.80 394.80 395.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Countrywide Share Discussion Threads

Showing 10201 to 10221 of 11225 messages
Chat Pages: Latest  413  412  411  410  409  408  407  406  405  404  403  402  Older
DateSubjectAuthorDiscuss
02/8/2018
20:20
£44m is based on the current shares in issue.

However, the share price shouldn't be valued on the current number of shares in issue. In an efficient market (which it isn't) it should already be taking account of the fund raising and the new number of shares. Otherwise, why was there a fall in price today?

It's like shares going ex-rights. The share price is based on the new number of shares. They don't change in value when the rights become fully paid.

I dare say they'll be some who disagree with this approach. Ah well!

They'll be some holders talking up their books. Given the dilution from the firm placing they'll need to reach over 28p in order to get back to last night's close of 49.95p, and that's if they takeup the open offer in full. It's possible. Perhaps they averaged down today to lower that level.

It's a shame the company had the firm placing and robbed holders of the opportunity to participate in a full open offer, but I guess a 6 for 1 at 10p would have been too rich to stomach for many and would have been costly/impossible to underwrite. Had they done that though you'd be looking at 15.7p to break even on last night's close (assuming you took up the entitlement), not 28p.

Is there any provision for applying for shares in excess of the basic entitlement? I can't see it. If not, any entitlements not taken up (they'll always be some) will be picked up for 10p by the conditional placees. How nice for them!

In contrast, MTC looks quite civilised!

typo56
02/8/2018
20:06
It went to auction at 3.50 and then again at 4.10. Luckily I kept hold of everything I bought at 16p in readiness for the payday tomorrow!
superslickrick10
02/8/2018
19:48
stay long.
blueball
02/8/2018
19:15
Yes, these people/ IIs with serious money have seen an opportunity...at 10p.

Even I'd be happy to buy them at 10p!

typo56
02/8/2018
18:49
How many shorts on this Typo?

Do you realise they are being swamped by bulls buying the open market, so they can push the shares to enable them to offload.

Or you think they are that stupid they start selling now and crashes the price.


Do you realise 2 players have taken subscribed to 460m shs about half of the placing.




hxxps://shorttracker.co.uk/company/GB00B9NWP991/

Disclosed positions in COUNTRYWIDE PLC (CWD)
Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero.

Fund % short change Date changed
OLD MUTUAL GLOBAL INVESTORS (UK) LTD 1.57% -0.12% 30 Apr 2018
Total 1.57%

space walking
02/8/2018
18:46
Hnr is the best!
costax1654x
02/8/2018
18:44
has the share been issued TYPO?

When it's issued then it will value out.



was it not worth £1bn+ at a point.

How much are the assets worth?

space walking
02/8/2018
18:25
inversi0n, I do know a little of what was being attempted, but only a little.
typo56
02/8/2018
18:19
True, but even after delivering the open offer shares, anything below 28.2p and shorts are better off today than they were yesterday. And they can always buy now to hedge.

A close of 18.58p equates to a market cap of £304m. That's about 128p before the new shares came to the rescue. I get that, but 30p and a market cap of £500m? Not so sure.

typo56
02/8/2018
17:37
btw those that are short should also be short open offer entitlement. so you will have to pay for those to be delivered as well. Ex was overnight so no getting away from it if you sold today.
horndean eagle
02/8/2018
17:23
Typo

why do you assume it has to be people who thought they got the shares selling at 26p?

Can you definitely sau they were not selling from 15p to 27p and it kept going against them?

and they were the one bought in the spike at 26p to cut their losses.

inversi0n
02/8/2018
16:57
If someone wanted to buy at 10p, not enter auction at 10.00p on dma.

Most probably it was UBSLine who liquidated some people.

ishaggs
02/8/2018
16:56
look later sub 20p

it's obvious not a lot would have short sell, considering 1.1bn shares.

Measly volume. So we can throw that theory out the box.

ishaggs
02/8/2018
16:54
Here's the volume at 26p
ishaggs
02/8/2018
16:48
That's why today house price hit new record.

Once we hit 30p-35p, we go and put resources and short HNR to 2p

ishaggs
02/8/2018
16:47
Now the tears I did not manage to buy in at 10p and now it's 20p and it should go back for me to 10p for me. LOL

Would not buy at sub 15p and sub 15.50p.

It has to be their price. LMAO.

Well there are thousands of people with the price in mind too and clearly most actually will watch the share rise.

ishaggs
02/8/2018
16:45
Housing market in U.K. now is not promising
costax1654x
02/8/2018
16:44
Don't be silly

Not even a million got sold from 26p auction to sub 20p.

Mind you I was in the auction shorting after it rose from 10p.

I closed and then went long and very long.

ishaggs
02/8/2018
16:34
I think horndean eagle refers to those who tried to take part in the firm placing through their brokers. Some will have shorted in anticipation of receiving an allocation. Then there was an uplift as they didn't receive their allocations and closed their shorts.

The safer thing to do would to have sold when they had their allocations confirmed, but you can't blame them for trying to lock in gains, especially as high as 26-27p.

typo56
02/8/2018
16:22
horndean eagle - you refer to shorters closing their position?

believe me i tried to buy this morning at 10p! the MMs weren't having it. share was in auction for what seemed like 20 minutes. when trading began i think it was something like 17p.

technowiz
02/8/2018
16:14
Late spike in the day was after it was confirmed that most people who tried to take part in the 10p placing got zero allocations. They were forced to buy back their positions in the market. Would expect common sense to prevail again in short order. Those who did get an allocation really won't be hanging around very long I would have thought.
horndean eagle
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