Countrywide Plc

0.00 (0.0%)
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 Shares Traded Last Trade
  0.00 0.0% 394.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
394.80 395.00
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 394.80 GBX

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Top Posts
Posted at 31/12/2020 11:42 by 3rdtimearound
Countrywide are worth much more than this. The housing and mortgage market is booming with turnover and prices increasing and with the right board it will be worth so much more this time next year. At £3.95 a share it is a steal. Even in the statement they grudgingly admit the following and try to justify the figure using crowd pleasing uplift from once in a lifetime depressed share price due to covid!

'Whilst the Countrywide Board remains confident that the Company could deliver significant value for its shareholders as an independent company, it notes that the terms of the Acquisition represent a premium of approximately:
• 172 per cent. to the Closing Price of 145.0 pence per Countrywide Share on 6 November 2020 (being the last Business Day prior to the commencement of the Offer Period); and
• 241 per cent. to the six month volume weighted average price of 115.7 pence per Countrywide Share to 6 November 2020 (being the last Business Day prior to the commencement of the Offer Period).'

Also do they still own a stake in Rightmove and if so what is that worth alone?

Posted at 29/12/2020 12:35 by techno20
Not sure about £20-25, but the current bid level provides plenty of upside for Alchemy or Connells. As an illustration, CWD is bigger in Mortgage broking than MAB, who are currently valued at £425m! There’s still plenty of work to do to turn around CWD, especially in terms of Technology, but the dominance in key markets, combined with the strength of its brands should drive more than £3.25! Interesting move this morning - suggests something imminent. My bets an agreed deal with Connells at £4. Hope I’m proved wrong and £20 is on its way!
Posted at 02/12/2020 12:53 by techno20
JD - my reading was also that existing shareholders could sell 100% @ £2.50, but agreed it wasn’t clear. The BOD deserve no credit for what’s happened, the fact that Alchemy have raised the purchase price by 40% following some pressure from Connells - who’s offer seems to continue to be being ignored, demonstrates they just rolled over! CWD remains the largest EA in the country, with some of the strongest brands, alongside a major presence in mortgage broking, surveying, asset management and Conveyancing. Even with the debt factored in, this remains Great value at £2.50 IMO. Hopefully Connells will come back in to extract better value for long suffering PI’s!
Posted at 24/11/2020 20:42 by 1crackupboom
Anyone know the bloke who turned up at CWD one day and handed over 8m quid as a direct investment? Writing was on the wall by that point already. Would love to know who it was. If I had known him I would have warned him off. It was 50 50 between CWD and PB and he chose CWD lol
Posted at 11/11/2020 14:29 by tarrant777
If you are thinking that LSL may come bouncing along to have another look-think again. They've barely got enough management to run their own tin pot business never mind the holed and sinking Cwd super tanker. Also beware rushing in to buy shares expecting to trouser a quick big buck! Connells management are extremely astute and not known for throwing their money about. Once they've looked under the bonnet at Cwd and seen the extent of the mess, there has to be a BIG chance that they'll bid idiot Long good day!!
Posted at 10/11/2020 08:10 by euclid5
So Connells having all that cash, will require a small £25m loan, which they should get to fully T/O CWD. That's a much better offer than Alchemy. But will Connells still need to fund CWD with the changes required. i.e will they still need to do a funding raise once they t/o CWD
Posted at 03/9/2020 14:09 by tarrant777
Whether Mr Paterson and his colleagues succeed in getting their hands on Cwd, after which one imagines some long awaited structural changes will occur (hopefully including the instant dismissal of the appalling Chairman and most of his totally inept and dysfunctional board) remains to be seen.The long suffering shareholders however will be pleased to see the share price having tripled in a short time.Good luck to them!
Posted at 24/1/2020 17:34 by turvart
All in all I'm very pleased with how the CWD share price as performed this week, very positive indeed.

The PMI data came in very slightly over what analysts had forecast but only by a cat's whisker of which some analysts by that PMI data seem to feel the Bank of England will hold interest rates at 0.75%, I'm personally still in the camp that an interest rate cut is needed to boost the economy, all will be revealed next Thursday but however the decision goes I feel it will be a close call.

Posted at 22/12/2019 13:42 by turvart
I've done some extensive research on CWD over this weekend, CWD is in fact IMO going to be a very strong recovery story. The companies Financials for 2019 end on 31/12/19 and should be out on the market for around late January or early Feb at the latest.

The sale of Lambert Smith Hampton for 38 mln is going to be used to pay off existing debt of which will be a massive thumbs up from the bank, CWD then might renegotiate better terms, of which the terms are what I would consider more than fair at present with the bank. Who knows? CWD might ask to strike a better deal with interest rate or more time at a lower payback rate?

Once Brexit is sorted there will in my opinion be a surge of properties going on the market, so people that are buying CWD stock are not buying for today but buying into a future market of strong growth into the property market. This is evident of the recent share price rise of CWD, I'm bullish on CWD and so are thousands of other investors, so the share price trend is your friend!

I'm also still convinced that interest rates will need to be cut and several members of the Bank of England take my view, but the vote goes into hold on a Majority, I still can't see how the bank of England interest rate can possibly be an hold when so much damage has been done particularly in the manufacturing sector of the UK and really need a boost to get it going?

Before Brexit came on the scene CWD share price hit 599 at it's high, then the share price started to go seriously South during the Brexit period of which had an adverse affect on property related stocks.

With the research I have done this weekend CWD are in fact solvent by a larger amount than people would give them credit for and I'm convinced that when the final results come out late Jan/ early Feb that these results are going to be a slight surprise for H2 to the market.

I can honestly IMO see CWD being a serious multi-bagger at current share price levels.

Posted at 19/12/2019 20:58 by turvart

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.

Countrywide share price data is direct from the London Stock Exchange
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