CountrysideTEF,s near neighbour floated just and will come to the market at the bottom of the price range .£304m was sucked out of the market for this which couldnt have helped the sector or TEFs shareprice last week.At that level they are valued over 4 times TEF There are 10 year fixed mortgage offers at 2.89% which should in theory help mortgaees on affordabilty testing
Not impressed . Cant believe the company based on a hope and prayer is deemed to be more valuable thanTEF They place much credence on this "hybrid " model with their local property experts who are anything but mine is 50 miles away and only just heard of the name of the village Just an expensive advert which you have to pay up front .at least with an agent -its no hay no pay Theres room for them but they arent unique and nothing to stop Rightmove and Zoopla providing a… Read More
It will be a good few years before their gross turnover matches TEFs profits ( let alone profit).They have a total of 5055 properties listed,even though they have promoted their services widely on TV and the media.Difficult to see this being another internet blockbuster success like Comparethemarket.com etc....what do you reckon?.
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