Countryside Properties Share Price (CSP)

Yes the sp has rallied strongly in the past week, its also extremely encouraging to see the directors and senior management putting their own money into the placing. A nine year order book will be the envy of many.

Trumpets blare....today is the first day this has been above the 335p placing price. Been a wait....

So we shall have a trading statement on 15th. October. They actually seemed quite upbeat looking forward on 22nd. July - https://www.lse.co.uk/rns/CSP/q3-2020-trading-statement-eownrbf4m9xo03s.html

"We have excellent visibility of future work through our strong forward sales position of 7,504 homes compared to 5,723 homes at the same point last year at a value that is up 34% at £1.5bn (Q3 2019: £1.1bn). Within this order book, our sales performance during lockdown contributed to a 25% increase in the private forward order book on the prior year to £514m (Q3 2019: £411m)."

"We continue to see attractive opportunities for growth in Partnerships given the strength of our secured work, equivalent to nine years' work at FY 2019 volumes, and the resilience of our mixed-tenure model."

And the directors and senior management bought into their 22nd. July optimism on the same day in the 335p ( today's price ) placing "The total gross proceeds of such Director and senior management participation will be approximately £402,000."
https://www.lse.co.uk/rns/CSP/result-of-placing-zb50zx9fb6ht6wc.html

addition, our mixed tenure business model remains robust and provides us with a degree of resilience with only around 40% of our business reliant on the private for sale market."

I think that this, like Vistry ( and perhaps others ) is comparatively well-placed in these times due to its partnership/mixed tenure model. It is getting old, but tie ups with such as this with local authority provide greater resilience.
https://www.countrysideproperties.com/news/countryside-chosen-partner-bracknell-forest-council-next-stage-ps124m-regeneration-bracknell