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Countrywide PLC (CWD.L)

CWD.L on London Stock Exchange

24 Mar 2017
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-1.50 (-0.92%)
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Latest Key Developments (Source: Significant Developments)

Countrywide announces placing of up to 21.6 mln new ordinary shares
Thursday, 9 Mar 2017 02:00am EST 

Countrywide Plc : Non pre-emptive placing of up to 21.6 million new ordinary shares in company . In 2016, uncertainty caused by EU referendum result in UK alongside UK stamp duty changes led to falling volumes in residential property transactions . Countrywide paused all M&A activity after Q1 of 2016 and initiated significant cost cutting . Estimated run rate reductions of £10 million already embedded and a further £9 million expected in 2017 . Company is seeking to return leverage to long-term target levels .Working towards leverage of approximately 2.0x in 2017 and 1.5x to 2.0x in longer term.  Full Article

Countrywide FY pretax profit 19.5 million stg
Thursday, 9 Mar 2017 02:00am EST 

Countrywide Plc : FY pretax profit 19.5 million stg . FY basic EPS 8.0 pence . FY total income 737.0 million stg versus 733.7 million stg . 2017 outlook sales market volatility likely to continue . New dividend policy to pay out between 30 and 35% of earnings; no final dividend for 2016 . 9.99% placing of share capital announced to reinforce balance sheet . Key cost initiatives underway to underpin future profits . In 2017 expects headwinds from tenants' fees regulation and pressured landlord environment . In 2017 focus on share gain through digital rollout, planned to be in 50% of branches by june 2017 . Expect a resilient performance in 2017 . In 2016, political uncertainty and stamp duty changes had a significant impact on uk property market .Looking forward expect difficult market conditions for foreseeable future.  Full Article

Countrywide sells all of its stake in Zoopla Property for 29.2 mln stg
Thursday, 22 Sep 2016 03:00am EDT 

Countrywide Plc : Announces that it has sold in aggregate 9.2 mln ordinary shares in Zoopla Property Group Plc . Sale at an average price of 3.17 stg between period from 9 August 2016 to 21 September 2016 . Following disposal, Countrywide no longer has a holding in Zoopla's ordinary share capital. . Gross proceeds of share sales amount to 29.2 million stg. .Proceeds of disposal will be used to reduce corporate indebtedness and for other general corporate purposes..  Full Article

Countrywide shares open down after FY warning
Wednesday, 27 Jul 2016 11:28pm EDT 

Countrywide Plc shares open down about 3 percent after co warns will not meet FY EBITDA level of 2015 as Brexit had hit property transaction levels For full story, click on:.  Full Article

Countrywide PLC recommends final dividend
Thursday, 25 Feb 2016 02:00am EST 

Countrywide PLC:Recommended final dividend of 10.0 pence (net) per share (2014: 10.0 pence), giving a total 2015 dividend of 15.0 pence (net) per share (2014: 24.0 pence, including a 9.0 pence special dividend).Says dividend will be paid on May 5, 2016 to shareholders on the register at March 29, 2016.  Full Article

Countrywide PLC raises FY 2015 EBITDA guidance
Thursday, 21 Jan 2016 02:00am EST 

Countrywide PLC:Expects that underlying EBITDA for FY 2015 will show a modest improvement on the company's previous expectations.  Full Article

Countrywide PLC declares interim dividend
Thursday, 30 Jul 2015 02:02am EDT 

Countrywide PLC:Interim dividend of 5.0 pence (net) per share (2014: 5.0 pence (net) per share), amounting to total dividend of 10,981,333 Pounds.Dividend is payable on Oct. 9 to shareholders who are on register at Sept. 11.  Full Article

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UPDATE 1-Estate agency Countrywide profit plunges; tax hike hits demand

March 9 Countrywide Plc's profit more than halved in 2016 as the largest estate agency by revenue in Britain saw a slump in demand due to higher property tax and the country's vote to leave the European Union last year.