Member Info for onlyagame

Like tricky752 I have been looking for shares for the recovery. Bank share prices seem a reasonable bet to double in value in a couple of years when business returns to the new normal and dividends are restored. My current criteria is looking for shares to at least treble in value in a couple of years. I know the market will make mugs of a lot of us but nevertheless have Purp as a possibility if purchased sub 33p. I have also been looking at oil companies and brewers. Good luck to all.

Goodness, they are showing the share price to four decimal places.

For me the hardest thing in the current market is showing patience. We are constantly hitting new lows and have several more weeks of bad news to come. So many share prices look attractive now, CWD are 47p as I post this.
What makes the market so fascinating is trying to predict (guess) which way the price will move next. We know it never moves in a straight line so we will have ups and downs over the coming days/weeks but in my opinion the trend is still down and I keep my buy in figure at 25p and this is really testing my patience. I am following the same strategy with the banks and have some ridiculous buy in figures which daily get closer.
Good luck to all and make money.

You are correct, there have been no further consolidations.
It is always wise to look at the historical data but this is no guarantee to future performance.
Ask yourself "how long will this downturn last?" and "how long before the recovery starts?". Nobody can predict the market and make your own decisions. Also decide if you are a trader or long term holder. Don't be frightened of taking a loss if the market moves against you.
Personally I am keeping my powder dry as there is as much chance, in my opinion, of a further drop in the share price in the short term as there is of a recovery.
Good luck and keep it fun.

Choosing when to invest is what makes this such a fascinating game.
In the unlikely event of my investing any more money in CWD I would need the share price to drop further and have a buy in figure of 25p in mind. Will it ever go so low? Only time will tell. With the hiatus in the housing market it must be possible.
Expect a bounce tomorrow!

Good luck to you. A new buy in at circa 60p (1.1p pre-consolidation) is a reasonable bet. Either CWD will go into administration or it will survive and a target of 100p per share (2p in old money) is probable.
Many of us on this share chat board have had our fingers badly burned in the past, I for one bought in at £4 + a few years ago and followed the share all the way down to 3.5p pre-consolidation (approx 175p at todays post consolidation prices). I sold over 95% of my holding at circa 350p so took a hit. I kept a few shares just because so still regularly read this board.
Recent postings are really a warning of what has happened in the past. Only a month or so ago investors were buying this as a recovery stock circa 375p so a whole new generation got burned.
It will be a red letter day if having just bought in you could sell out with a 40% profit. I expect you then to start a "we made money out of Countrywide shares club". You may well be the founding an only member.
Good luck, you have been warned.

There are still opportunities for traders to make money but I tend to be a long term investor so am wondering more about the possible share price in June/July, than the share price on Monday or Tuesday.
The market will of course make fools out of most of us but I am holding back thinking we could well be below 90p (9p in old money) in the coming couple of months. I also worry that the dividend may be put on hold. Good luck to all.

there is still money to be made. I posted on Wednesday when the share price was 47p, convinced myself the only way was down, and today we are at 69p (a near 50% return within 24 hours). I certainly wasn't brave enough to get in and it still looks very risky in the short term but there were buyers under 50p. Good luck to all.

CONVB.
Your idea that the banks may go bust before CWD is not very sensible and I accept you may have just been trying to be amusing. This government cannot let any bank go under, do you not remember the bail outs of LLoyds and RBS, the government is printing money like crazy so it may make more sense to sell CWD at 47p and buy LLoyds at 31p. Who knows. DYOR.

Possibly.
One of my earliest investing errors was JJB sports (remember them). It was a classic case of a company with no tangible assets. They did not own their premises and apart from a few cars had nothing to sell when they went under. My investing buddy said we should not touch retail again (apart from the supermarkets as everyone still needs food).
Leaving aside agency, Countrywide has value in a number of their businesses such as letting, surveying, conveyancing, LSH.
But the question is the value of these businesses greater than the debt pile?
I can see administration looming, with various parts of the business being sold off, but no money left for the shareholders.
Lets hope it doesn't come to that.

I think the hardest thing for we investors is understanding that this pandemic has several months to run. In my opinion we are going to have these recoveries but it more about the share price in June/July than the share price on Monday. Once you have convinced yourself the company is not going under and it is reasonably safe to invest, it could be as far away as 2022 before we get back to the £1 levels. Who knows. I bought yesterday at sub 20p (only 5,000 shares) and will now wait for them to drop below 10p before buying more (which of course they may never do). I am now holding for the medium/long term. Good luck to all.

They are now approx 1.5p in pre-consolidation old money. It's so hard to relate to the optimism of only 2 months ago when this was seen as a recovery stock with a number of large buys. There are parts of the business that still have value such as surveying and conveyancing (and dare one say LSH) but I rather fear shareholders will lose all. I have followed this share for many years but we have never before been so close to being wiped out. What on earth will happen next?

the 24th February when I posted about waiting for the share price to fall to £2.50 (5p in old money) before possibly getting back in, as the shares then climbed to £3.80.
This market is impossible to call especially the way the banks have fallen and we are coming into dividend season.
The virus could be with us for several more months but there is money to be made but timing is critical. I feel however that £2 is possible before a strong recovery so will be keeping my powder dry for a while yet.
Good luck to all.

With all health scares it comes down to the individual and how they react. Face masks, self-isolation (back into the world after 14 days to find the virus still out there.....so further self isolation?), panic buying, disinfecting bank notes.
Or Chinese scientists reporting 80% of cases are quite mild with some victims having barely any symptoms and that for under 50 year olds a 0.2 to 0.4 per cent death rate.
And bear in mind not everybody will catch the virus.

JVSOZ - good advice, I sold out last week @ 93.5p and took my hit. Will leave it a while to see whether to get back in.

Just bought in, will get out at £1.10 whenever that is. Good luck to all.

Having sold out last year, I'm back in again at 93.5p, good luck to all.

Did the BBC define what "affordable housing" meant.
Up until 2000 this was a term one seldom, if ever heard. That was when a loan of 3 x salary allowed people to purchase a home in most parts of the country including the London suburbs. Supply and demand were roughly in balance.
I wonder what happened.

Once again the market keeps us on our toes, opened at £3.60, up to £3.71, down to £3.19, back to £3.30.
I thought wait until £2.50 before topping up, cursed myself when I missed £2.97 as being too bearish when they hit £3.80.....now I really don't know.
Long experience now makes me treat this share as a short term trading opportunity as holding long term has always resulted in pain.
Good luck one and all.

The question remains, who caused the financial crisis in 2007? Was it the banks or was it Gordon Brown with his disastrous economic policies?