About Countrywide plc
Countrywide plc, the UK's largest integrated property services Group, including the largest estate agency and lettings network, operates more than 1,300 associated branches across the UK.

Countrywide plc's network of expertise helps more people move than any other business in the UK and is a leading provider of estate agency, lettings, mortgage services, land and new homes, auctions, surveying, conveyancing and corporate property management services.

Countrywide plc's award-winning service has earned the business 142 high-profile industry awards in the last five years, with customers voting Countrywide Best Large Chain - National category, at the 2013 ESTA awards. Other awards include our Land & New Homes team was named the UK's Best New Homes Agent at the Estate Agency of the Year Awards 2012 and Countrywide Surveying Services and Countrywide Conveyancing Services won the award for Best Anti-Fraud Measure at the Mortgage Finance Gazette Awards 2012.

this one has suddenly got excited (+23p) on no news at all
the stock is fairly thinly traded, so most probably something of nothing, but worth keeping an eye on

this one has suddenly got excited (+24p) on no news at all
the stock is fairly thinly traded, so most probably something of nothing, but worth keeping an eye on

Ex dividend tomorrow.

so why +24 today???

This and similar may have helped - UK house prices accelerate, ONS figures show

this bit was interesting ...... Excluding London and the south east of England, house prices were up 3.8% in the year to the end of January

i really can't bothered with the sort of silly political comments that fossy and sticky will no doubt attach, but i think the ebbsfleet development is quite exciting ..... tnat said it will be almost certainly too expensive for legit first-time buyers, unless some sort of artificial ceiling or similar is put on a good number of those houses

it would certainly be good to see a significant proportion built at ~£100k or even a bit less in a mixed development, as there's more of a chance that those could be afforded by the prudent ..... unfortunately, far too many are brought up with champagne tastes and beer incomes - i.e. they want 3 bedroom houses with gardens from day 1

Interim Management Statement

Listen: Countrywide Plc - Half yearly report

Click here

Countrywide plc - Preliminary Results 2014

click here

Watch: Alison Platt, CEO, Countrywide plc - Executive Interview Series recorded at the London Stock Exchange, London.

click here to watch

Having another stab @ 600p

Having another stab @ 600p

A wrecking ball used on this one

lost a slab of money on this one a while back, but RMV is a different kettle of fish per below

I hate Estate Agents.

as shares is one thing, but if they do their job properly, then they provide an invaluable service

This isn't one I have followed at all, but divi yield is approaching 10% (which may not be sustainable). Shame the sp has tanked from nearly £4 for the long term holders.

Countrywide plc Trading Update

Countrywide plc (the "Company" or the "Group") (LSE:CWD), the UK's largest integrated property services group, issues its trading update for the year ended 31 December 2017.

Group

Total Group income for the full year is expected to be circa £672m (2016: £737m), with Q4 income of circa £164m (2016: £179m).

EBITDA for 2017 is expected to be around £65m (2016: £83.5m).

Sales and Lettings

Total income in the sales and lettings business for the full year is expected to be circa £360m, down 14% on 2016, reflecting a disappointing fourth quarter performance. Income in the UK business is expected to be circa £205m, down 17% year on year, and in London is expected to be circa £155m, down 10% year on year. Lettings income is expected to be down 4% at circa £169m, driven by an 8% decline in the UK, with London lettings revenue flat year on year.

EBITDA is expected to be circa £26m, down 45%, principally as a result of the changes in the sales and lettings structure made over the last 12-24 months. We have begun to take a range of actions over the last quarter that we believe can restore the business back to profitable growth.

B2B

The B2B business, including Lambert Smith Hampton, is expected to deliver strong EBITDA growth of 14% to circa £36m (2016: £31.5m).

Financial Services

Financial Services delivered a resilient performance overall with double digit income growth across the combined Buy to Let Business, Mortgage Bureau and Mortgage Intelligence channels offset by lower transactional volumes from estate agency; the resulting EBITDA in Financial Services is expected to be circa £20m (2016: £22.6m).

Cashflow and net debt

Operating cashflow is expected to be circa £59m (2016: £28m) and net debt is expected to be circa £193m (2016: £248m). The Group remains committed to reducing leverage further in the medium term.

The Company will announce its preliminary results on 8 March 2018.


-Ends-

Big faller today.