Edition:
United Kingdom

Countryside Properties PLC (CSPC.L)

CSPC.L on London Stock Exchange

338.00GBp
18 Mar 2019
Change (% chg)

-1.20 (-0.35%)
Prev Close
339.20
Open
339.20
Day's High
341.20
Day's Low
335.80
Volume
410,477
Avg. Vol
800,311
52-wk High
387.00
52-wk Low
265.60

Latest Key Developments (Source: Significant Developments)

Countryside Properties Says Q1 Performance In Line With FY View
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Countryside Properties PLC ::Q1 PERFORMANCE IN LINE WITH FULL YEAR EXPECTATIONS.TOTAL COMPLETIONS UP 28% TO 1,094 HOMES (2018: 852 HOMES) IN QUARTER.QTRLY TOTAL FORWARD ORDER BOOK UP 78% TO £946M (2018: £532M).QTRLY NET DEBT OF £12M BETTER THAN EXPECTATIONS (2018: NET CASH £65M).  Full Article

Countryside Properties FY Adj Operating Profit Of £211.4 Mln
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Countryside Properties PLC ::FY GROUP FORWARD ORDER BOOK UP 40% TO £900M (2017: £644M) OF WHICH PRIVATE FORWARD ORDER BOOK £215M (2017: £242M).NET RESERVATION RATES FOR FIRST 7 WEEKS OF YEAR ARE IN LINE WITH SAME PERIOD LAST YEAR AND TOWARDS TOP OF EXPECTED RANGE.FY ADJUSTED REVENUE £1,229.5 MILLION VERSUS £1,028.8 MILLION.FY ADJUSTED OPERATING PROFIT £211.4 MILLION VERSUS £165.3 MILLION.GUIDANCE FOR THE MEDIUM TERM REMAINS ON TRACK, INCLUDING 10% TO 15% COMPLETIONS GROWTH.REMAIN WELL POSITIONED TO DELIVER CURRENT YEAR EXPECTATIONS.  Full Article

Countryside Properties Names CFO Becky Worthington As COO
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Countryside Properties PLC ::APPOINTMENT OF BECKY WORTHINGTON, CURRENTLY GROUP CFO, TO ROLE OF GROUP CHIEF OPERATING OFFICER WITH EFFECT FROM OCT 1.ON SAME DATE, MIKE SCOTT, CURRENTLY GROUP FINANCIAL CONTROLLER, WILL JOIN BOARD AS GROUP CHIEF FINANCIAL OFFICER.  Full Article

Countryside Properties Says Current Trading To Week 38 In Line With Expectations
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Countryside Properties PLC ::CURRENT TRADING TO WEEK 38 IN LINE WITH EXPECTATIONS.FOR MEDIUM TERM, SEES GROWTH IN TOTAL COMPLETIONS OF 10-15%+ PER ANNUM.SEES ADJUSTED OPERATING MARGIN OF 17% PLUS FOR MEDIUM TERM.COUNTRYSIDE PROPERTIES PLC SEES RETURN ON CAPITAL EMPLOYED OF 35%+ FOR MEDIUM TERM.Q3 OPEN SALES OUTLETS UP 25% AT 60 (2017: 48).COUNTRYSIDE PROPERTIES PLC - Q3 AVERAGE WEEKLY SITE VISITORS UP 3% YOY.Q3 NET RESERVATION RATE 1 AT 0.88 (2017: 0.89).Q3 HOUSE PRICE INFLATION OF 3%; BUILD COST INFLATION AT 3% TO 4%.  Full Article

Countryside Properties Announces Framework Agreement With Sigma Capital Group
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Countryside Properties PLC ::FRAMEWORK AGREEMENT WITH SIGMA CAPITAL GROUP.AGREEMENT WILL SEE TWO COMPANIES TARGET DELIVERY OF A FURTHER 5,000 PRIVATE RENTAL SECTOR ("PRS") HOMES OVER NEXT THREE YEARS.  Full Article

Sigma Capital Expands Partnership With Countryside Properties
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Sigma Capital Group ::EXPANSION OF PARTNERSHIP WITH COUNTRYSIDE PROPERTIES; TARGETING DELIVERY OF FURTHER 5,000 PRS HOMES OVER NEXT 3 YEARS.  Full Article

Countryside Properties Says Confident Of Delivering On Expectations For Current Year
Thursday, 17 May 2018 

May 17 (Reuters) - Countryside Properties PLC ::HY ADJUSTED OPERATING PROFIT FOR PARTNERSHIPS 46.8 MILLION STG (HY 2017: 38.5 MILLION STG).TRADING IN FIRST HALF IN LINE WITH EXPECTATIONS WITH GOOD MOMENTUM INTO SECOND HALF.HY ADJUSTED REVENUE £468.0M VERSUS £435.4M.HY NET RESERVATION RATE OF 0.87 (HY 2017: 0.89) FROM 52 SALES OUTLETS (HY 2017: 48 SALES OUTLETS).HY PRIVATE AVERAGE SELLING PRICE ("ASP") OF £392K, REFLECTING UNDERLYING HOUSE PRICE INFLATION OF 3% (HY 2017: £441K).HY GROUP PRIVATE FORWARD ORDER BOOK OF £327.6M (HY 2017: £347.1M).HY COMPLETIONS 1,655 VERSUS 1,437.REMAIN CONFIDENT OF DELIVERING ON EXPECTATIONS FOR BOTH CURRENT YEAR AND MEDIUM-TERM.HY ADJUSTED OPERATING PROFIT £80.6 MILLION VERSUS £71.0 MILLION.  Full Article

Countryside Properties Says HY Total Completions Up 15 Pct
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Countryside Properties PLC ::HY TOTAL COMPLETIONS UP 15% TO 1,655 UNITS (H1 2017: 1,437 UNITS).HY PRIVATE AVERAGE SELLING PRICE DOWN 11% AT £392,000 WITH UNDERLYING SALES PRICE GROWTH OF 3% (H1 2017: £441,000).HY PRIVATE FORWARD ORDER BOOK OF £327.6M (H1 2017: £347.1M).  Full Article

Countryside Properties acquires Westleigh Group for $192m
Thursday, 12 Apr 2018 

April 12 (Reuters) - Countryside Properties PLC ::ACQUISITION OF WESTLEIGH GROUP LIMITED.COUNTRYSIDE PROPERTIES PLC ("COUNTRYSIDE"), A LEADING UK HOME BUILDER AND REGENERATION PARTNER, ANNOUNCES TODAY THAT IT HAS ACQUIRED WESTLEIGH GROUP LIMITED ("WESTLEIGH") FOR TOTAL CASH CONSIDERATION OF UP TO 135.4 MILLION POUNDS ($192.00 million) ON A DEBT FREE AND CASH FREE BASIS.CONSIDERATION OF UP TO 135.4 MILLION POUNDS BASED ON FUTURE GROWTH AND FUNDED FROM EXISTING BANK FACILITIES.EXPECTED TO DELIVER HIGH SINGLE-DIGIT ACCRETION TO ADJUSTED EARNINGS PER SHARE IN FIRST FULL YEAR OF OWNERSHIP.UP TO 23.5 MILLION POUNDS IS DEFERRED FOR TWO YEARS FROM COMPLETION, A PROPORTION OF WHICH IS SUBJECT TO PERFORMANCE..IAN SUTCLIFFE, CHIEF EXECUTIVE OF COUNTRYSIDE, SAID: "WESTLEIGH IS A WELL RUN BUSINESS WITH A STRONG STRATEGIC, GEOGRAPHIC AND CULTURAL FIT TO COUNTRYSIDE AND PROVIDES US WITH AN EXCELLENT PLATFORM FOR FURTHER PARTNERSHIPS GROWTH.".  Full Article

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

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Investors grab Brexit bargains among UK housebuilders

LONDON Daring investors are dipping their toes back into UK housebuilders, attracted by high dividend yields and low valuations even though they are seen as among the most vulnerable sectors in the event of a messy Brexit.