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I previously wrote on “the UK's largest integrated property services group, including the largest estate agency and lettings network”, Countrywide (CWD) in 2018, noting the shares down towards 17p and concluding so it’ll still be net debt and adjusted EBITDA is of course adjusted bullshit earnings – even maintaining an ‘adjusted’ basis there was a £2.5 million operating loss and £5.8 million post-tax loss in the first half. With also the new funding not coming cheap - it net, “approximately £129 million” - this certainly currently remains on the bargepole list. I now update with the shares down towards 75p BUT…
A “Proposed Remuneration Policy and Countrywide AGP” announcement from Countrywide (CWD) looks to require the ShareProphets RNS translation service (Countrywide in italics, ShareProphets RNS translation service in bold)…
I wrote last week on estate agency and property services company Countrywide (CWD) updating including “the adjusted EBITDA for the group for the six months ended 30 June 2018 was slightly better than the guidance previously provided” - and the shares have responded currently higher, back above 50p, but concluded the market cap is still now circa £120 million and with also it to be attempted significant equity fundraising ahoy in far from propitious circumstances, the stance remains avoid / sell. Today half-year results and a “Firm Placing, Placing and Open Offer 2018” announcement – and the shares down towards 17p!...
Countrywide (CWD), “the UK's largest integrated property services group, including the largest estate agency and lettings network”, has updated including “the adjusted EBITDA for the group for the six months ended 30 June 2018 was slightly better than the guidance previously provided” - and the shares have responded currently higher, back above 50p. However…
A “Capital Structure, Recovery plan & Trading Update” announcement from Countrywide (CWD) – discounted fundraising ahoy to fund changes due to poor trading?...
Following Foxtons earlier this week, Countrywide (CWD) has now updated for the 2016 calendar year with CEO Alison Platt claiming “it is pleasing to report modest full year revenue growth”. Hmmm…
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