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
  +0.00p +0.00% 11.00p 38,130 08:45:34
Bid Price Offer Price High Price Low Price Open Price
11.06p 11.46p 11.00p 11.00p 11.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 661.05 -212.06 -89.56 180.2

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Date Time Title Posts
25/9/201809:43Countrywide 2015 with charts1,537
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 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 11p.
Countrywide Plc has a 4 week average price of 10.86p and a 12 week average price of 10p.
The 1 year high share price is 139p while the 1 year low share price is currently 10p.
There are currently 1,637,983,693 shares in issue and the average daily traded volume is 3,471,288 shares. The market capitalisation of Countrywide Plc is £180,178,206.23.
typo56: Credit Suisse:- "whilst the current share price looks depressed, we still see some headwinds ahead of the group and thus do not believe the risk/reward trade-off has yet swung to the upside. Specifically: i) UK housing transactions are showing little sign of improvement; ii) we estimate the group is facing a potential £14mln EBITDA hit when the ban on lettings admin fees is introduced next year; iii) we believe the group's desire to grow profitability through cross-selling could be hindered by a potential ban on estate agent referral fees (which is currently in consultation).”;
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
horndean eagle: Shorters closing out. Thats the only thing propping up the share price. Most will have closed by now. Buying pressure will dissipate going forward. Those in placing forward selling won't help. It will have a big bounce at some point but we are a fair way from that yet.
typo56: hTTp:// 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: 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?
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!
w1ndjammer: LSE:CWD OKSearch Countrywide Share News (CWD) 4 Follow CWD 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade +0.00p +0.00% 170.25p 170.75p 171.25p - - - 0.00 05:00:10 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Real Estate 718.7 47.7 18.9 9.0 368.55 Print Alert Countrywide PLC Trading Statement 13/01/2017 7:00am UK Regulatory (RNS & others) Countrywide (LSE:CWD) Intraday Stock Chart Today : Friday 13 January 2017 Click Here for more Countrywide Charts. TIDMCWD RNS Number : 0777U Countrywide PLC 13 January 2017 13 January 2017 Countrywide plc Trading Update Countrywide plc ("Countrywide" or the "Group") (LSE:CWD), the UK's largest integrated property services group, issues its trading update for the year ended 31 December 2016 ahead of its results announcement on 9 March 2017. Total group income for the year was circa GBP737m (2015: GBP734m) with income for Q4 of GBP179m (2015: GBP196m). EBITDA for 2016 is expected to be in line with the current range of market expectations. As anticipated, the underlying level of market transactions in Q4 continued to run below 2015 and we continue to expect full year 2016 market volumes to reflect a drop of circa 6% on 2015 levels. Commenting on the Group's performance, Alison Platt, CEO said: "It is pleasing to report modest full year revenue growth against the backdrop of a challenging residential sales market. Our Retail and London divisions were impacted by the lower market volumes which were partially offset by a strong performance from our Lettings business. It is encouraging to note that both Financial Services and Surveying reported profit growth notwithstanding the external environment. "We continue to focus on delivering cost and productivity efficiencies across our business which will mitigate the impact of a 2017 sales market which is expected to show a reduction on 2016 volumes. The roll-out of our digital proposition remains on track and we continue to see performance in line with our expectations. As set out on 15 December 2016, we are currently underway with a strategic review of our Lambert Smith Hampton business and further announcements will be made as appropriate." -Ends-
Countrywide share price data is direct from the London Stock Exchange
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