Countryside Properties Share Price (CSP)

Any public reason for the rise this afternoon all of a sudden after 2pm?

My speculation (and only that) was buying pressure from one of the American activist investors?

…but I guess if that’s the case we won’t know for a few days until an RNS is published.

Overall I would say the results are poor.

Although there is a return to profitability the results undermine the long term strategy of the company which is to invest in its Partnership and Timber Frame businesses and sell the House Building business.

Despite a massive investment in the Partnerships business and an increase in volume, profitability has fallen and the margin has dropped significantly. The timber frame business has been impacted by an increase in lease costs and is likely to be impacted further by the increase in the cost of timber which will result in a lower demand over the 6 months for timber frame houses.

The only silver lining is the increase in the profitability of the house building business. But they are selling that!

Any thoughts on this?

What’s going on today? Saw some price target upgrades but presume something else is going on as they are far outperforming peers?

Seem in-line with expectations. Taking a long-term view I feel Countryside is well placed with good cash management and can only see the PRS demand increasing over the next few years. Short-term bumps for all housebuilders in 2021 but CSP has the right product and area mix to make gains and I'd expect a good rise in SP in the long term