Countrywide Share Discussion Threads

[duckdown] 06/8/2018 15:05

This dog will be under 10p in no time

[superslickrick10] 06/8/2018 14:58

One big push and we've got this down to 14p!!

[superslickrick10] 06/8/2018 14:57

Ok guys and girls time to fess up.....I'm Short...and am trying to motivate you to join me.

Who on earth would be going long

#winning😉

[blueball] 06/8/2018 14:53

yes 5p is my target.

[superslickrick10] 06/8/2018 14:24

Yeah let's aim for 4p to 5p....😂€514;😂

[kreature] 06/8/2018 14:12

Any targets here? Would say 4 to 5p be realistic in the near term?

[typo56] 06/8/2018 13:54

Is that Rosalind Renshaw posting on here?

"Countrywide, which published its share prospectus on Friday, starts today with its share price at 16p and a market cap value of £44m – about £100m less than it is trying to raise."

lol, good luck with that one Rosalind!

[typo56] 06/8/2018 13:25

P2P lenders are said to be considering bid for Countrywide's mortgage-broking arm.

[buywell3] 06/8/2018 12:27

So PI's have got shafted

And 3 BIG players have scooped up the 10p pot

Nice one CWD BoD

PS with a 30% UK property bust coming

I do not hold and never have

[costax1654x] 06/8/2018 12:18

No one made any money here since the drop!

[typo56] 06/8/2018 12:09

Nice work, if you can get it....

(i) a commission of 2.5 per cent. of the aggregate value of the New Ordinary Shares at the Issue Price (in accordance with their agreed proportions);

(ii) at the sole discretion of Countrywide a commission of 0.5 per cent. of the aggregate value of the New Ordinary Shares at the Issue Price (such commission (if any) and the allocations between the Joint Bookrunners to be determined by Countrywide in its sole discretion).

Countrywide will also pay (whether or not the obligations of the Joint Bookrunners under the Underwriting Agreement become unconditional or are terminated) the costs and expenses of, or in connection with, the Issue.

Countrywide has also agreed to pay Jefferies an additional fixed fee of £350,000 for its role as sponsor.

[typo56] 06/8/2018 11:50

All underwriting means is the company should get their £129m, even if the open offer bombs and the placees fail to cough up. It doesn't underwrite the share price, does it?

What are the underwriter's fees?

[superslickrick10] 06/8/2018 11:44

There's still idiots shorting at 16p...Barclays and Jefferies have already agreed to underwrite the shares 😂😂😂

[technowiz] 06/8/2018 11:06

back to 16p. or under?? whoda thunk it! did you sell B1? 16 to 21p was a good profit for you.

[typo56] 06/8/2018 09:37

Share prices are only loosely coupled to 'fundamentals' though, otherwise we'd have a very boring market.

Anyone can pluck any old figure out of the air.....

1157: "In the short term I think it could remain around the current level of 16p-17p, until the market digests the consequences."

That was on the morning of the placing announcement when it was being ramped to 30p+, and 18p was supposedly a market cap of just £27m! Pure guess of course.

[hussyo] 06/8/2018 08:54

The only realistic method for trying to determine the share price is whether one believes EBITDA in the second half of 2018 matches same period 2017 - the statement wording was that £20 million would be lost in H1 2018 (in fact a little less was lost) and would not be clawed back in H2, implying, at least to me, that H2 is predicted to match H2 2017. That being the case, we can make a good guess on the share price Of course, where CWD are concerned, we ought not make too many assumptions!

[superslickrick10] 06/8/2018 08:28

Costa..."12-13p" you say...did you just pluck that figure out of the air?

The share price will not go south of 15p, Currently now up to 17p...The parties over.

[typo56] 06/8/2018 08:21

Yes superslick, the legal ownership is probably the key. I think with Beaufort the assets (e.g. shares) were held in their name in a nominee account and that leaves them exposed to an administator. It's a concern for those of us with nominee accounts, given we might be exposed to the financial weakness of our brokers and SIPP administrators.

[costax1654x] 06/8/2018 08:07

12-13 more likely

[costax1654x] 06/8/2018 08:03

12-13 target

[superslickrick10] 06/8/2018 07:45

Typo56...This is not the case in lettings sector. Any money held in a client account from rent or deposit is not client assets. In fact rent is still legally owned by the tenant until the point that it is physically transferred to the Landlord. Taking that money would be theft.

[typo56] 06/8/2018 07:25

As I understand it, insolvency law was quietly amended a few years ago to allow administrators to dip into client assets when there are insufficient assets in the company to pay their fees. This went unnoticed by most of us, until the recent case with Beaufort Securities. That was barnetpeter's concern, in the case of administration, not that the company itself might routinely dip into the ring-fenced assets.

[kreature] 06/8/2018 05:24

sub 10p this week ?

[superslickrick10] 06/8/2018 00:02

Of course they pay it to the bloody landlord but they can't then eat into it without breaking the lawns. Of course as members of ARLA/propertymark it would be a bit difficult to break into it, especially when the client accounts have to be audited and signed off by third party accountants.