Share Name Share Symbol Market Type Share ISIN Share Description
Countrywide Plc LSE:CWD London Ordinary Share GB00B9NWP991 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.13 2.46% 5.42 4,094,219 16:35:16
Bid Price Offer Price High Price Low Price Open Price
5.31 5.40 5.54 5.16 5.16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 619.12 -252.67 -30.83 89.0
Last Trade Time Trade Type Trade Size Trade Price Currency
17:43:27 O 174,417 5.43 GBX

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Date Time Title Posts
12/7/201912:18Countrywide 2015 with charts1,703
26/7/201800:56Countrywide (CWD) One to Watch on Thursday -
14/2/201812:15COUNTRYWIDE PLC ,(CWD) BUY -
18/3/201517:28Countrywide - Time to buy - Big!201
21/2/201520:42Countrywide - CWD .....the short ?!8,777

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Countrywide (CWD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-16 16:43:275.43174,4179,467.35O
2019-07-16 15:35:165.42733.96UT
2019-07-16 15:18:205.399,276499.99O
2019-07-16 15:18:075.4036,9981,997.89AT
2019-07-16 15:18:075.4023,8681,288.87AT
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Countrywide (CWD) Top Chat Posts

Countrywide Daily Update: Countrywide Plc is listed in the Real Estate sector of the London Stock Exchange with ticker CWD. The last closing price for Countrywide was 5.29p.
Countrywide Plc has a 4 week average price of 3.84p and a 12 week average price of 3.10p.
The 1 year high share price is 54.10p while the 1 year low share price is currently 3.10p.
There are currently 1,638,050,452 shares in issue and the average daily traded volume is 10,741,145 shares. The market capitalisation of Countrywide Plc is £88,782,334.50.
trader4ever: It is amazing to see this utterly incompetent BOD not making any statement to support the share price or buying any share at this price level to give confidence.
barnetpeter: hxxps:// "Countrywide have closed 3 of their remaining 5 ‘Watson Bull & Porter’ branded branches. Happened last week. 5 years ago there were 9, now only 2, and they look uncertain. Such a shame for the staff - they were failed from the top down. closing loads of branches on the quiet it seems..... "we can confirm that we are not closing all of our King & Chasemore branches". 3 gone in Brighton someone reckons. Equity worthless
trader4ever: Someone should take over this company and kick this incompetent management out of this company immediately. It's amazing to see there is no response from the management after collapse of the share price to this level.
ltcm1: What will happen when the share price goes to zero? What is the next stage for the business, can they do a CVA say or will it be administration and sale of Hamptons etc say?
tarrant777: Hell fire. Share price under 10p. How have this BoD survived? Must bring tears to the eyes of large numbers of people who spent 20+ years building Countrywide into the demonstrable market leader and principal innovator in the sector to see it spiralling into oblivion.
smithless: Some of the new investors in placing will be forward selling at a 40% profit, but the situation will stabilize. The enterprise value post placing is approx £115m at the current share price, which doesn't seem a lot if it can get its gearing to work. Not in yet as too many flippers in the mkt, but old investors putting yet more money in (will want a many x share increase) gives hope of a turnaround here. If they saw no hope, they would have walked and let it go administration. Need a decent CEO, as exe chairman not up to it. New and old serious investors would have insisted on this at pre-placing talks imho
typo56: You say £750m to £800m, but what timescale? No guessing? I don't see how it can be anything other than guessing, since the effect of the biggest short term risk factors to the UK market can't even be agreed upon by the 'experts'. Perhaps this time next year things will be a bit clearer. At the moment all we can consider is a wide range of possibilities. I doubt even Peter Long would stick his neck out and predict a market cap (even if he were allowed to). His job is to focus on saving the company and let the share price go where it will. I'm not sure things went wrong on just one year's poor accounts. It looks like margin and cash flow started falling off around 2014/2105, but I'm certainly no expert at reading accounts. Even the company talk about their operations being materially adversely impacted by the Group’s prior strategy between 2015 and 2017. So not just one year. This fund raising has the feel of a panic rescue. It's a right royal shafting for existing holders, but without it they'd probably be bust. It may buy them 18 months, by which time we should have a much better idea of the state of the market and see if their turnaround plan has been successful. If there are signs of improvement, they may get snapped up and taken private, with PIs missing out on the best gains. If things go downhill, they may be dumped onto the unsuspecting bottom fishing PIs before going under. At their peak CWD were valued at over £1bn. I can't see the market returning to those heady days any time soon, if ever. At market close on Friday they were valued at about £260m (if you include the new shares). I expect they'll still be quite a lot of volatility short term, up and down, but would be surprised to see them top £450m cap without a material uplift in expectations, which is what existing holders would need to get them back to where they were on Wednesday, even if they were to take up the offer shares. I'm not denying they're worth a sniff short term trading though. Not at all, if you can find the volume.
thesloth2: Just looked at CWD for the 1st time today. Frankly I am staggered. I sold my House in London in early 2015 and moved 250 miles away. CWD share price at 550p. Even went to 600 for a while. Now look at it.This is a Company with earnings over that time not some flaky O&G or Mining outfit. Surely oversold ?
typo56: £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: It will take a time to settle. I think they'll end up with about 6x the existing number of shares in issue, but they'll have raised £129m. If you believe the shares were worth 50p yesterday that translates to about 8.3p per new share, before taking account of the new funds. Of course, that 50p per share yesterday may have already been priced in the anticipation of a fundraising The fundraising will raise about 9.2p per new share. How much of that should be added to the share price? If you think less than 9.2p, why bother raising the funds? Ah, but then there wouldn't be the £11m in estimated commissions, fees and expenses - nice work!
Countrywide share price data is direct from the London Stock Exchange
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