Countrywide Share Discussion Threads

[zcaprd7] 17/10/2019 11:08

Brexit deal agreed, should release some pent up activity in the housing sector...

[w1ndjammer] 15/10/2019 10:12

steady as she goes........

WJ.

[stantini] 14/10/2019 18:03

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.”

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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.

[w1ndjammer] 11/10/2019 13:33

Have been buying sub 4p long term hold.




Brexit: EU gives go-ahead for 'more intense' talks

WJ.

[zcaprd7] 11/10/2019 12:50

Looks like a Brexit deal...

[tarrant777] 08/10/2019 12:27

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??

[outlawinvestor] 25/9/2019 19:53

Eh? Strange question! Do you want the full address and post code?

[dealy] 25/9/2019 19:28

where do you work? Tescos?

[tarrant777] 24/9/2019 23:42

Into the 3p's tomorrow?

[1giraffetrader] 22/9/2019 10:16

12p next year ? How did you arrive at that target? Let me guess, it was plucked out of thin air lolololololol
90m debt and most likely rising... when are they going to call it a day, ‘back to basics’ rubbish is clearly not working

[tarrant777] 21/9/2019 12:32

12p or one point two?I'd put a bet on the latter not the former unless the brain dead board of directors show some initiative and start to break the business up and sell off parts that are capable of being salvaged.

[dealy] 13/9/2019 11:31

these shares are undervalued. the business of buying and selling and letting property in the UK won't go away. these guys have scale and can withstand a lot of pain.12 p next year

[outlawinvestor] 12/9/2019 10:06

Published on Tuesday - Countrywide Plc : Berenberg cuts price target to 6p from 10p

[zcaprd7] 09/9/2019 11:21

Give them a chance, they've only just got back from their summer holidays...

[sphere25] 30/8/2019 09:53

So where is the bid?

Ya see that folks, just a whole load of pump and dump deceit. There are no ramifications and it's usually poor old average Joe who gets shafted.

Be on guard with dogs like this.

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Sphere25
19 Aug '19 - 12:52 - 1738 of 1752 Edit
0 1 0
Just looking in on some eye catching news on a pretty ordinary start to the week. You'd have thought the panel would have asked CWD to comment on the rise in the share price today.

Surely they'd comment sometime this afternoon (at the latest) or this will be another ugly case of deceit in luring punters in to allow some larger sellers out of their positions i.e. PUMP AND DUMP.

This stock is a dog. It carries an uncomfortable amount of debt and the fundamentals aren't appealing.

All in all, only punt what you can afford to lose here and don't be holding the dog if there is no confirmation of the rumour and the stock does eventually crash back down.

All imo

[roddyb] 21/8/2019 09:50

Maybe 1p because the commercial property market is on a knife edge, investment sales enquiries are tanking, the purchasers of investment property last year or two are watching NAV fall for the first time in 10 years, maybe because the staff wages are under extra ordinary inflationary pressure where CWD can’t meet expectations- teams start to leave with clients and the dissembling process commences? The salad days of property advisory may have ended this July. As for the chart - it has nothing to do with what the sector is doing

[shovon1000] 21/8/2019 08:37

I told rubbish because of your 1p placing predictions!!!

[rumobejo] 21/8/2019 08:25

last years was "priced at 10p" for placing purpose, debt down? you mean cash is gone, and just about to raise more to stay afloat trying to weather the brexit domino...now who is talking rubbish!!!

[shovon1000] 20/8/2019 16:27

You always say rubbish ... who told you 1p. It was valued 10p per share last year - this year they reduced their debt & you are saying 1p.

[rumobejo] 20/8/2019 15:03

1p placing is what's coming...

[philosopherad1] 20/8/2019 13:47

I was under the impression that WB was a savvy investor? That would be contrary to buying cwd which is now ruined alas.

[zcaprd7] 19/8/2019 18:47

Berkshire Hathaway HomeServices would be my guess...