Countrywide Share Discussion Threads

[philosopherad1] 21/12/2019 09:02

Fill yer boots chaps! It's a broken company and an old model that hasn't evolved and corporate agency's don't do as well as the independents that are cottage industry. If you make a few pounds on it getting to 10p and possibly a little beyond good luck. It's hundreds of retail premises is the issue medium long term. House builders and reits are where the best investment is around property is and going to be for some while now.

[turvart] 21/12/2019 07:26

I've only purchased just over 10,000 shares so its not really going to be a disaster for me if CWD doesn't pull it off. I fancy the gamble, the reason I fancy the gamble is because I have a good feeling about the surveyor side of the business and people in general have been holding off selling property during this Brexit period over the years. I think once Brexit is sorted then property will come into full swing and there is already evidence of property related stocks coming up. A couple of months ago I switched some of my pension fund into a property fund with standard life, the fund has many property related stocks in that fund such as RMV, SGRO, AGR, BYG and many others, the price of that fund a couple of months ago was 135p and today it stands around 151p so that is clear evidence to me that people and investment management have faith in the future of UK property.

Inflation is only running at 1.5% and although the bank of England have decided to hold interest rates I'm personally convinced with the damage done to UK trade mainly in the manufacturing sector that an interest rate cut will actually be needed to give that boost. As you all know full well that will be positive for the property market (and also the bond market ) and will give CWD a boost to reduce the companies debt.

The trading volume for yesterday was 12.66 mln against an average volume of 5.2 mln, a few months ago the trades were very thin.

That is my opinion any way if my opinion is wrong then its only £700 lost, my opinion of CWD is don't stake money you can't afford to lose, but it could possibly have so much upside.

[barnetpeter] 20/12/2019 20:54

my stock for 2020

[countdracula55] 20/12/2019 20:49

Get in there turvert...I got some yesterday, already in profit, huge buying since the election.

[countdracula55] 20/12/2019 20:48

Take a look pal, it's getting there and a tiny spread, very positive with brexit news.This is a good recovery stock, I'm in.

[buffettjnr] 20/12/2019 19:26

Just hitting the snooze button

[philosopherad1] 20/12/2019 19:12

On the contrary old boy; I made a very significant sum out of CWD. I do know however that it is broken and will not ever be what it was. The market for selling and renting is changing and CWD have insufficient talent to compete with the other large agents and the independent agents. Sorry to 'waz on your bonfire'?

[onjohn] 20/12/2019 11:18

CVA rumoured here. too mny shop leases here
could go the way of carpet right. tht is to zero.

[turvart] 19/12/2019 20:58

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.

[philosopherad1] 19/12/2019 20:29

Yule be lucky. The business is shot. If it gets back to 10p that all be a result!!!

[zcaprd7] 18/12/2019 14:51

Yes, seems to be moving out of the various resistance bands... What's your target, 50p feels fair?

[w1ndjammer] 18/12/2019 10:29

steady as she goes, the ADVFN heard have missed this one

guess they will come grazing when we blow through 10p

WJ.

[zcaprd7] 13/12/2019 09:08

Would a load of male udders, as they say...

[stantini] 10/12/2019 22:39

Will the once glorious Countrywide be a sliced cold turkey by the 27th of December?
I fear Christmas is not going to be festive season for the Countrywide Turkey, Why?

Well, call me a party pooper, but last August Countrywide raised £125M, to keep afloat, and the Group Managing Director Paul Creffield stated in his company report in March 2019,

'Significant progress was made in 2018 as we reset the strategy and delivered a capital refinancing plan that gives us the stability and flexibility to execute our three-year turnaround plan' and now they are selling off assets to the tune of £38M.

So that is £163M, in 16 months, does this mean a cash burn of £10m a month. If so, the famous 3 year turnaround, which is due to end in 2021, may mean that an awful lot more of Countrywide is pawned. Hamptons? John D Wood?

And before anyone says unthinkable, the only thing that is unthinkable is that this great business has been allowed to go full steam ahead into the night without someone at the helm, looking at the horizon, like a certain ship which unfortunately foundered not quite 400 miles from Newfoundland.

Get those lifebelts on and strike up the band, because it might be the company's last hoorah in its present form.

[w1ndjammer] 06/12/2019 13:54

This one is under the Radar i was buying sub 4p when every man
and his dog was saying it was finished.

i am expecting 2020 to be the year of some great gains.

WJ.

[zcaprd7] 05/12/2019 14:29

Not sure, the price action around 5p resistance/support is quite interesting though...

[buffettjnr] 03/12/2019 23:09

Any views if we should expect more corporate action here?

[philosopherad1] 03/12/2019 07:26

Unlikely. LSH has been up for sale for some time and I suspect that it had a number of interested parties and therefore the one who has bought paid the best price. They have avoided the risk of losing out in a 'bun fight' at the time the receiver gets to decide.

[zcaprd7] 01/12/2019 01:43

Well, they could have waited to pick it up from the receivers if things were as dire as some say on this thread, so encouraging that they've stumped up what is not an insubstantial amount of dosh...

[philosopherad1] 29/11/2019 18:06

I wish you well. Let's hope a positive future arrives before the cash runs out.

[philosopherad1] 29/11/2019 18:04

Fair comment. However; could it be a minimum price that makes sense to take now on the hope that the cash can be eke'd out sufficiently long enough until a more positive sales market comes along?At the very least it gives the staff a little more security than they had this time last week. Doesn't change the fact the business is 'broken'.

[philosopherad1] 29/11/2019 18:00

Do the banks have a choice? In for a penny etc?