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ARTICLECountrywide – “confident in the strength of the underlying business as an independent company”. Really?...
2020-03-16 16:55:46
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…
Countrywide (#CWD) – confirms in discussions with #LSL Property Services “regarding a possible all-share combination”
2020-02-24 07:59:59
Countrywide (#CWD) – delay to completion of sale of Lambert Smith Hampton, states been re-assured by prospective acquirer that completion is imminent
2020-02-07 07:24:19
Countrywide (#CWD) – proposed sale of Lambert Smith Hampton for £38m & 50 for 1 share consolidation
2019-11-29 07:17:53
Estate agent Countrywide (#CWD) blames Brexit as it issues another profits warning, nothing to do with bursting housing bubble then
2019-04-30 06:15:06
Countrywide (#CWD) – 2018 earnings slump on revenue -7% amidst “a challenging market”
2019-02-13 00:23:20
Countrywide (#CWD) – 72.34% open offer take-up, remainder to be allocated to conditional placees
2018-08-21 06:48:35
Countrywide – ShareProphets RNS translation service on “Proposed Remuneration Policy and Countrywide AGP” update
2018-08-20 15:00:37
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)…
Countrywide (#CWD) – remuneration proposals being withdrawn following discussions with major shareholders
2018-08-20 06:57:00
Countrywide – significant equity fundraising reflects far from propitious circumstances. As warned!
2018-08-02 15:20:39
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) – proposed placing & open offer to raise £140m at 10p, an 80% discount!
2018-08-02 06:47:21
Countrywide – updates “slightly better than the guidance previously provided”. BUT…
2018-07-24 13:33:32
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…
Countrywide (#CWD) – H1 adj. EBITDA “slightly better” than previous guidance, in “constructive” refinancing dialogue
2018-07-24 06:42:26
Countrywide – “Capital Structure, Recovery plan & Trading Update” = Confetti Aplenty Ahoy, Changes due to poor trading & Profit Warning
2018-06-25 03:40:36
A “Capital Structure, Recovery plan & Trading Update” announcement from Countrywide (CWD) – discounted fundraising ahoy to fund changes due to poor trading?...
Countrywide (#CWD) – profit warning, recovery plan update, fundraising ahoy
2018-06-24 23:56:37
Countrywide (#CWD) – notes some progress, but Q1 total income £145m v. corresponding prior year £162m
2018-04-24 23:39:44
Countrywide (#CWD) disastrous results, profits warning, debt far too high - nightmare
2018-03-08 00:59:54
Countrywide (#CWD) – Q4 income of c. £164m (2016: £179m), expected 2017 EBITDA c. £65m (2016: £83.5m)
2018-01-18 00:36:02
Countrywide (#CWD) – Q3 revenue -7% YoY, expects FY “towards the lower end” of expectations
2017-11-09 00:49:48
Countrywide (#CWD) – continuation of declining sales trend, financial performance ‘consistent with plans’
2017-04-26 23:50:11
Countrywide – full-year trading statement, a “pleasing” performance?
2017-01-13 08:46:49
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…
Countrywide (#CWD) – Q4 income down & expects 2017 sales market to show reduction on 2016 volumes
2017-01-13 00:49:55
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