Edition:
United Kingdom

Countryside Properties PLC (CSPC.L)

CSPC.L on London Stock Exchange

335.00GBp
22 Jan 2018
Change (% chg)

-3.80 (-1.12%)
Prev Close
338.80
Open
338.80
Day's High
341.20
Day's Low
334.00
Volume
494,947
Avg. Vol
2,030,445
52-wk High
372.80
52-wk Low
219.93

Latest Key Developments (Source: Significant Developments)

Countryside Properties announces results of placing
Friday, 1 Dec 2017 

Dec 1 (Reuters) - COUNTRYSIDE PROPERTIES PLC ::OAKTREE ANNOUNCES THAT SELLER HAS INCREASED SIZE OF ACCELERATED BOOKBUILD IN COUNTRYSIDE DUE TO STRONG INVESTOR DEMAND​.OAKTREE HAS SOLD 67,500,000 ORDINARY SHARES AT A PRICE OF 340 PENCE PER SHARE, REPRESENTING 15.0% OF COS ISSUED SHARE CAPITAL​.  Full Article

‍Oaktree Intends To Sell About 58.5 Mln Ordinary Shares In Countryside​ - bookrunner
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Countryside Properties Plc's Bookrunner::SAYS‍​ ‍OAKTREE INTENDS TO SELL APPROXIMATELY 58.5 MILLION ORDINARY SHARES IN COUNTRYSIDE.SAYS ‍PLACING SHARES REPRESENT APPROXIMATELY 13% OF COMPANY'S ISSUED SHARE CAPITAL​​.SAYS‍​ ‍BARCLAYS BANK PLC AND NUMIS SECURITIES LIMITED ARE ACTING AS JOINT BOOKRUNNERS.SAYS ‍PLACING SHARES ARE BEING OFFERED BY WAY OF AN ACCELERATED BOOKBUILD, TO BE LAUNCHED IMMEDIATELY ​.  Full Article

Countryside Properties increases proposed dividend by 147 per cent
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - COUNTRYSIDE PROPERTIES PLC ::FULL YEAR RESULTS.‍FY NET RESERVATION RATE OF 0.84 (2016: 0.78) FROM 47 SALES OUTLETS (2016: 43 SALES OUTLETS)​.‍FY PRIVATE AVERAGE SELLING PRICE ("ASP") OF £430,000, DOWN 8% IN LINE WITH OUR STRATEGIC OBJECTIVES​.FY RECORD YEAR END GROUP PRIVATE FORWARD ORDER BOOK OF £242.4M, UP 8% (2016: £225.4M)​.‍CURRENT TRADING REMAINS ROBUST WITH STRONG DEMAND FROM OWNER OCCUPIERS FOR OUR HIGH-QUALITY HOMES​.‍OUR PROPOSED DIVIDEND PER SHARE HAS ALSO INCREASED BY 147 PER CENT WITH A RECOMMENDED FINAL DIVIDEND PER SHARE OF 5.0 PENCE​.  Full Article

Countryside Properties announces phase 2 planning approval at South Oxhey central development
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Countryside Properties Plc :‍THREE RIVERS DISTRICT COUNCIL HAS GRANTED PLANNING CONSENT FOR PHASE 2 OF £172M REDEVELOPMENT IN SOUTH OXHEY, HERTFORDSHIRE​.COUNTRYSIDE AND HOME GROUP WILL WORK WITH COUNCIL TO DELIVER 174 NEW HOMES, 7,500 SQ FT OF RETAIL SPACE AND A NEW MARKET PLACE​.‍PHASE 2 WORKS WILL BEGIN IN APRIL 2018.​.  Full Article

Countryside Properties says FY ‍open sales outlets up 9%
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Countryside Properties Plc :‍FY COMPLETIONS UP 28% TO 3,389 HOMES​.FY ‍OPEN SALES OUTLETS UP 9% AT 47​.‍FURTHER 18 SITES UNDER CONSTRUCTION TO ENSURE INCREASE NUMBER OF OPEN SELLING OUTLETS IN FY18​.  Full Article

Countryside says FY total completions up 12 pct
Wednesday, 12 Oct 2016 

Countryside Properties Plc : Countryside FY 2016 trading statement . Fy total completions up 12% to 2,657 units (2015: 2,364 units) . Fy private average selling price up 21% to £466,000 (2015: £385,000) . Record private forward order book up 64% at £225.4m (2015: £137.5m) . Total land bank increased to 27,205 plots (2015: 26,213) . Fy private sales rates 1 remained robust at 0.78 (2015: 0.76) . Our partnerships division has delivered a strong performance, with total completions up 10% at 1,874 homes versus 1,711 homes in 2015 . Trading over summer months and into autumn selling season has been robust . During 3 month period following eu referendum we saw an initial increase in cancellation rates but this has been more than offset by trading since . We enter 2017 with strong outlet growth and a record order book which leaves us well positioned to meet market expectations . While we are mindful of medium-term uncertainty over brexit, our targets, as outlined at ipo, remain unchanged .Continue to be firmly on track to deliver over 3,600 completions/year, operating margin of over 17%, improvement in roce to over 28% by 2018.  Full Article

Countryside Properties says well placed to deliver 2016 expectations
Wednesday, 18 May 2016 

Countryside Properties Plc : Unaudited results for half year ended 31 March 2016 . Sales rate of 0.79 (HY 2015: 0.81) from 37 sales outlets (HY 2015: 27 sales outlets) . Group private forward order book of £205.3m, up 4 pct (HY 2015: £196.7m) . Adjusted operating profit for housebuilding: £27.7m (HY15: £19.0m) up 46 pct . Adjusted operating profit for partnerships: £23.1m (HY15: £16.3m) up 42 pct in half year . Remain on track to deliver medium-term plans of 3,600 completions, 17 pct adjusted operating margin and 28 pct return on capital employed by 2018 .Well placed to deliver 2016 full year expectations across all areas of group - chairman.  Full Article

BRIEF-‍Oaktree Intends To Sell About 58.5 Mln Ordinary Shares In Countryside​ - bookrunner

* SAYS‍​ ‍OAKTREE INTENDS TO SELL APPROXIMATELY 58.5 MILLION ORDINARY SHARES IN COUNTRYSIDE