ValueSeeker8
05 Aug 2018
Going! Going! Gone! This situation raises an interesting dilemma for an opportunistic investor. Should such an investor count on the survival and recovery of CWD and try to gain an appropriate entry point as a speculative buy for a potential multi-bagger, or count on their collapse and speculate on a competing real-estate agent such as FOXT who claim that they are debt free and count on the recovery of FOXT instead? Or maybe take a position on BOTH with one acting as a hedge against the other?
IAmShareCrazy
05 Aug 2018
Going! Going! Gone! The Beneish M-Score is handy for detecting whether a company is cooking the books! I use Stockopedia for all this information. There is also Guru Focus.
Sara_Racano_HardcoreUproar
05 Aug 2018
Going! Going! Gone! I had no idea what these scores are (I have just looked these up). I suppose these could come in handy with junk bonds especially should the bond market go into a downturn. It´s interesting when the few posters that actually mention the word “risk/reward†never mention the above algorithms But you have to be careful for things like Carillion type accounting where debts might be hidden. There is many, many companies out there close to bankrupcy being supported by low % rates!
IAmShareCrazy
05 Aug 2018
Going! Going! Gone! All pretty much predictable using the Pitroski F Score and Altman Z Score. Businesses with a F Score below 2 five times more likely to get into trouble. Altman below 1.80 - a business runs a severe risk 80-90% of buckruptcy in the next two years. Talk Talk next?
Sara_Racano_HardcoreUproar
04 Aug 2018
Going! Going! Gone! Wolf Street – 4 Aug 18 UK “Housing Downturn†Pushes Biggest Real-Estate Agency with 10,000 Employees to... Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble.Â
Sara_Racano_HardcoreUproar
04 Aug 2018
Director Buys Probably only about 15k worth of shares, nothing massive.
Ripley94
02 Aug 2018
Director Buys Placing 80% discount wow. OO @ 10p so much for them being cheap in September
Einstein the Second
05 Jan 2018
Re: Chart reversal Called this wrong before, but looks like it has reversed now. Think I will be in againon Monday
Einstein the Second
25 Sep 2017
Re: Director Buys From 5 quid a share to just above one quid a share in 2 years. I wouldn't trust these driectros judgement.
jres
08 Sep 2017
Director Buys I like the look of a director buying 100,000 shares at these levels. Must be cheap.
Einstein the Second
03 Feb 2017
Chart reversal Looks like a chart reversal is starting.
Einstein the Second
23 Dec 2016
Re: Brands Investment LLP now at 12% These guys are value investors rather than takover merchants. The market doesn't seem tobe getting excited about their stake building, presumably because of that reason. Still, it is reassuring that someone sees some undervaluation .....
Baker2005
23 Dec 2016
Brands Investment LLP now at 12% the contrarian view.
portfolio peter
21 Dec 2016
Very shaky Bad results, bad business model, bad management, bad market, unhappy staff. I've been trying to see some upside in this one, but I'm at a loss.They need to get an experienced management team in place to stop this one flying into the ground. Next set of results will be crucial - either way, I think the management team has to change.
Buffettsluvchild
07 Dec 2016
Dangerous game Alison Platt (the £960,000 CEO despite crushing shareholder value) has pinned her colours to a retail model now. They have a very diversified business that in theory guards against fluctuations, but their high rewards were based on an overshoot in the fees generated from the London market in the boom which will not be repeated. Now there are lots of offices in prime central London that milked a gravy train which will now drop to a new level. Watch stories about John D Wood, Hamptons, Faron Sutaria, Gascoigne Pees etc They are closing offices and merging brands...there was a time that people used to talk about Mann & Co and Bairstow Eves...these are old hat now. Hamptons Int used to get a separate report to the city, especially as they had such a large new homes biz in Prime Central London, but no more. Lettings has been a big diversification which has challenges with the new fee regime after the autumn statement and is much commented on, but has caused their hedge to the sales business problems.The real threat though is the policy to follow the retail principle which is online, going head to head with Purplebricks etc. They are piloting this at £995 + VAT which has immediately crushed the average fees those firms used to generate from probably over £4,000. Commercial suicide unless you close all your High Street branches and they are already closing their legal and sales progressing call centres which in the past produced big fees. The issue is they are inefficient and incompetent as all call centres are and destroy good will. Their reputation in the conveyancing world is utterly dire! They however have to keep their High Street shops open as they are offering a two tier service where you can upgrade to a full service with a phone call. Rest assured the clients who signed up to £995 and are still dealt with by the same office will not want the big hike in fees...human nature gets used to the price it has agreed.
