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For someone who has spouted much negativity here been buying back into CWD and they are now my largest shareholding
Https://www.zoopla.co.uk/for-sale/branch/bairstow-eves-nottingham-sales-nottingham-28073/
https://www.zoopla.co.uk/for-sale/branch/dixons-estate-agents-northfield-birmingham-28274/
Even Outer London
https://www.zoopla.co.uk/for-sale/branch/alan-de-maid-chislehurst-chislehurst-27958/
Sales in the regions have spurted with some offices over 60% sold Certainly an opportunity for some fresh blood to hit the ground running
Who they using to get a new CEO-lets hope its not their own HR/recruitment(useless) but a proper HH outfit.
agree here with sain@vision- has to be someone who has grown up in EA-track record
"Irrespective of high debt, which I’m sure they are looking into reducing in every area possible, they would have a much better year than expecting in light of events."
They have been fixated on reducing debt but stumbled at every hurdle ,the legacy issue weighing heavily . Morale sunk so low they have to dispatch LSH but would be surprised if they get much more than £25m
This is unfortunate as LSH have a strong logistics team ,an area where there is much activity
They have been getting plenty away in the regions with sales ratcheting up to the point where new inventory is not replacing the old
Still carrying some of the Inner London Hamptons & John D Wood sales offices
The key issue now is succession. I do hope they dont go outside the industry. Plenty of talent within
A good appointment will allow them to capital raise £15-20m which should l be sufficent to get the banks off their backs
Certainly the future is looking more hopeful
Countrywide is simply too big not to make good profits, they have many assets, valuation company, mortgage services arm etc etc etc.
Irrespective of high debt, which I’m sure they are looking into reducing in every area possible, they would have a much better year than expecting in light of events.
Record sales numbers, mortgage applications and surveys as a result of the stamp duty reduction, year end results in January, so wise to get in now before people clock on to this. And if in the mean time they are able to sell you a few assets to reduce debts, then what a bonus along the way. Brexit should have minimal affect, stamp duty until March, this is a goldmine and what a price.
BUY BUY BUY