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Agree-CWD is a dog and worthless
Major
Considering 2019 was a bad year for everyone generally I thought the Connells results were v. satisfactory more importantly cash to splash to take advantage of any situations
In many towns their offices having more instructions than the CWD brands In many ways possibly a better partner than LSL having a cash reserve ?
Where do CWD go to from here? Its the worst possible time The banks are in full panic mode and will want their money back
They wont take any great confidence from Foxtons results today
Hoping for them to say 2020 has got off with a bang post election and we are exceeding sales targets
A set of BODS who have proved to be extremely poor negotiaters The shareholders are going to get stuffed-again if you were LSL with all what is going on take on CWD unless a giveaway?
You are correct Sain resilient although IMO its not a great result for Connells historically.In 2017 they made twice this so as with most other EA its well done.
CWD results are down for a whole number of reasons not just the market as well we know and are struggling to stay afloat
I hope that the BODS at CWD are suitably embarrassed by Connells results .It just goes to show what they could have achieved if they had just sat on their hands . I somehow doubt it though .Pass the Port
"The company and its staff āare determined to maintain our position as the UKās most successful estate agency groupā according to Connells Group chief executive David Livesey.
The claims come in the agency groupās 2019 results, which show that the company - owned by the Skipton building society - made pre-tax profits of Ā£50.1m, well down on the Ā£56.9m the year before but nonetheless described as āresilientā in the light of Brexit and other market challenges, especially on the sales side.Connells also ended last year with no debt and cash reserves on the rise - Ā£75.5m compared with Ā£51.9m at the end of 2018."
NO DEBT AND A CASH RESERVE OF Ā£75.5M !!!!!!!!>