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Countrywide - Lettings grows to 35% of profits

February 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CWD
  • Price:
  • 351p
• Bears have been having a field day in the housing sector, with share prices in free fall. The sector is, in general, massively oversold especially as it looks like mortgage rates are not likely to be rising for a while. If this lifts the housing market out of the doldrums, the effect on estate agents' profits will be dramatic.A good example of a company whose share price has received a bloodied nose is Countrywide (CWD; 351p), having now halved from a high of 687p in May 2014. Last month we touched base with finance director Jim Clarke and it’s interesting that despite the prevailing gloom, Countrywide has made its intentions clear: to double EBITDA by 2020 to £250m. Anyone can make punchy pr ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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