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Countryside Properties PLC (CSPC.L)

CSPC.L on London Stock Exchange

376.00GBp
18 May 2018
Change (% chg)

0.80 (+0.21%)
Prev Close
375.20
Open
375.60
Day's High
380.40
Day's Low
374.00
Volume
999,871
Avg. Vol
1,012,799
52-wk High
387.00
52-wk Low
291.10

Latest Key Developments (Source: Significant Developments)

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

‍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

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