By Steve Moore | Monday 16 March 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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…
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