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Countrywide - pure comedy gold


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4 minutes ago, rantnrave said:

But aren't EAs busier than ever at the moment?

Thats the paradox

The property market can be bu buy buy/ great time / boom / get in before  its too late.....whilst at the same time needing massive subsidies/tax cuts etc etc/banks removing products.

At best its a boat with holes in it with the government desperately under the waterline patching and pumping out water with agents selling tickets.

From the quay side its bobbing along nicely in the sunshine but out in that sea it could sink any time.



 

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12 minutes ago, Fromage Frais said:

Thats the paradox

The property market can be bu buy buy/ great time / boom / get in before  its too late.....whilst at the same time needing massive subsidies/tax cuts etc etc/banks removing products.

CW are a huge unwieldy company that have been ,losing money for years even in a good market 

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2 hours ago, crazypabs said:

Headline: 

  • Major Countrywide shareholder demands “bold action" to save company

https://www.estateagenttoday.co.uk/breaking-news/2020/8/major-countrywide-shareholder-demands-bold-action-to-save-company

Catalist Partners has 10.48 per cent of Countrywide’s shares; it is led by agency industry veteran Robin Paterson who was an influential figure behind Hamptons International and Barnard Marcus in the 1990s.

I hope that was recent pruchase.

Id have hate to have bought that 10% when shares were £150 rather than todays £1.33

Market cap of 43.90M today.

https://www.robin-paterson.com/career.php

 

 

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  • 2 months later...

Countrywide: Strategic investment by Alchemy

"Countrywide plc ("Countrywide", the "Group" or the "Company") today announces a proposed recapitalisation that includes a fully underwritten equity raising of approximately £90 million. As part of this recapitalisation, funds advised by Alchemy Partners will invest up to approximately £90 million in the Company by way of a Firm Placing and Placing and Open Offer and by funding the repurchase of shares by the Company pursuant to a Tender Offer. Following the recapitalisation, Countrywide will have a streamlined Board, with a new Chairman, Carl Leaver, joining the Board following completion. Alchemy is also in discussions with a potential new Chief Executive Officer to lead the development of a detailed execution plan following a strategic review."

An Estate Agent and Private Equity:  they deserve each other.

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  • 3 weeks later...
 

Share price went up 40% today, though it is a penny share even though its a penny share (was refactored to make it look more valuable) that's still a good gain. 

 

I've been wondering why it's share price has been clinging....now we know.

 

Skipton BS will own a lot of debt pushers 

 

Ps...just read the statement, that's proper comedy gold. 

 

Cant trust estate agents

Even if connells buy them, they'll go bust when Skipton bs goes under 

Edited by TheCountOfNowhere
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Share price went up 40% today, though it is a penny share even though its a penny share (was refactored to make it look more valuable) that's still a good gain. 

 

I've been wondering why it's share price has been clinging....now we know.

 

Skipton BS will own a lot of debt pushers 

 

Ps...just read the statement, that's proper comedy gold. 

 

Cant trust estate agents

Even if connells buy them, they'll go bust when Skipton bs goes under 

Cor blimey, could've had another cheeky 20k on that!!

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Cor blimey, could've had another cheeky 20k on that!!

I'll stick to shares in stuff that society needs if you don't mind. 

Oils not a gamble, the big energy companies will evolve too. Big dividends come pension time too. 

 

Chain of commission based spivs.... Too risky to put real money in 

Edited by TheCountOfNowhere
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I'll stick to shares in stuff that society needs if you don't mind. 

Oils not a gamble, the big energy companies will evolve too. Big dividends come pension time too. 

 

Chain of commission based spivs.... Too risky to put real money in 

Funny one isn't it. The world needs oil but increasingly it's the last thing it needs. 

Oil/ energy companies are good for dividends going forward imho.

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