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Countrywide share price


The Masked Tulip

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The Masked Tulip

What caused them to plunge down to 13p?

The last I heard they had raised around £140 million back in July but the share price was around 48p then. Anyone know what is going on?

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43 minutes ago, The Masked Tulip said:

Ah, they issued a billion shares at 10p each on Tuesday.

Previously there were 250 million shares.  A billion issued is just desperate -- and it'll only cover half their debt.  I can't see how they can actually survive at this point -- I suppose it'll be used to keep them going for a few years, always hoping that the dream days are just around the corner.

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longtomsilver

Shorts are closing out. I bought 5000 DEB (13p) yesterday and as a bit of fun I'll do the same here tomorrow (5000 CWD) using dividend income (free money). 

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