i imagine they were waiting to see ow the Pandemic was panning out.
I imagine a pipeline of 55% up-must be the only firm in country currently not trying to get the pipeline through any time fast.
Elephant in the room-if Connells have money to spend on this Aq why dont they follow Savills/Belvoir etc in paying back the Gov support monies. This will come back and bite the Skipton in my opinion from moral perspective.
With a potential longer hangover now of Covid and new strains -and pressure on both groups to shut branches for safety(both dinosaurs in remote working)- its bum twitching time IMO for Skipton. Plus when the group acquired RSA (a real basket case)the Connells management team, was far stronger and lets be honest younger !I can see no one on the board good enough to parachute into CWD-most remainers being ex RSA/Sequence. Profits have been falling year on year recently and Connells brand is a shadow of its former self
form the update today-.................a strong final quarter saw the year-end sales pipeline at £61.8 million, up
55 per cent. year-on-year!!
As Skipton are a mutual and ethically driven is there pressure for them to repay back the Gov support money as has Belvoir I note today. Can it be right that they are paying millions out for CWD whilst trousering all the support monies. And if they do will they actually acquire CWD or is this the actual reason why they are in a position to do so
Do Glencore mine lithium used in electric batteries for cars.
is there a stop date on the trading statement-looks late to me. Nothing in for this week.
do they have to pay he Cjrs back??
100% the bottom line results will look very good. Massive cost savings due to Gov support and a swelling pipeline due to a mini boom. Just be interesting to see how they present the bottom line results.
Maven Investment Partners Ltd-who are these guys
Spot on.Some people just roll over
markets slowing this year so far. Uncertainty seems to be the norm.Could go either way.The H2B just for FTB will affect TW more than Persimmon.
But what about those holding form 3 years ago .Not so rosy!
I imagine most long term shareholders will be keeping their fingers crossed for a last minute change of direction=but who?
This business run correctly is a sleeping giant but it seems CWD staff who remain defining silent about every thing (like scared mice) and equity from overseas seem to just want to stand by and let it happen. Unbelievable really. Do CWd as a major aggressive competitor as once was - want to be taken over by Connells who they must hate!Not one post on linkedin from CWD staff/or on the property sites suggesting they want to remain as CWD proper.
Surely LSH sold off and say a few other bits of more marginal brands and some basic cost cutting could recoup a lot of initial pain of acquisition. I know some decent sized firms who would be very interested in some of the smaller brands. Always another way to skin the cat.
Maybe Connells have rubbed up with say LSL to do just that-but Im surprised Alchemy didn't look at an easy way to up their bid .
Have CWD even looked at who could come in and add value-some really bright non /ex Connells Senior management out there.
Connells squiring shares direct
Sain-surely this is a done deal now with Connell Group. Alchemy are out. No one else I can think off in Agency would want the risk.
I have no doubt if it stays as CWD and a management team put out to external headhunters an assemble of a high performing team is out there.Issue is it has been with the internal recruitment team to sort the solution.
If the deal is done at end Q1 wont any buyer be buying a diminished pipeline-ref Stamp Duty timeline.
why the sell off if things look so good
Wait for the Connells Chip later on down the road
Does anyone know if there Is there a timeline to agree /reject a deal. Does Alchemy need to put a new offer forward in a certain timeframe.