Countrywide Shares – A safe investment punt?
Looking at the very recent tumble in share value of Countrywide – Is it now at a value that is worth investing in?
Such a nationally recognised brand surely must have within its tanks some fuel to re-ignite its presence within high street estate agency? Countrywide can not go from somewhat hero status to zero in such a rapid decline in value unless of course there are plans internally that we do not know about and it is all part of the re-building process that we are not privileged to?
In the last calendar month (July – Aug 2018) we have seen a share price high of 55.76 to a low today (Aug 2nd 2018) of 18.58 which is a 66.67% drop! Live Stock Exchange price here.
Can Countrywide reclaim share value? Is it the fact that the company are looking to raise a net sum of £111m? What if eMoov comes knocking???