Country Wide PLC the largest so called high street estate agency woes continue snowballing
Two more key people are leaving Countrywide CIO Oliver Skagerlind and unsurprisingly public relations manager Christine Webb. Last week Online estate agent purplebricks.com CIO, commented on their in-house tech team , growing rather than leaving.
Skagerlind joined in 2011 from Royal Bank of Scotland. His CV includes stints at businesses relying heavily on High street retail like Carphone Warehouse, he will be departing in March. Carphone Warehouse founder Charles Dunstone [pictured below] has , also invested heavily in online estate agent housesimple.com
Sir Charles Dunston
The chief executive Alison Platt currently at Countrywide CEO who has been under-performing since her appointment at the helm.18 months ,shares dropped sharply in early November last year .
CEO Alison Platt Like for Like ? or lost in translation ? speaking in July 2015
A CEO who seems to be completely out of their depth, contradicting everything said in prior statements.
The company trading statement 21st Jan 2016
"It is too early to predict what the trend in residential transactions will show in 2016 although approved mortgage volumes including owner occupiers ... in recent months have been ahead of the previous year, which is a positive indicator. Both our Retail and London business units enter 2016 with transaction pipelines ahead of the previous year. At this early stage we maintain our previous expectations for 2016"
Country Wide plc [CWD] shares rose on the news of though very vulnerable to market forces , with a CEO who is running out of excuses on performance and with investors.
whats is interesting the trading results hark back to mortgage sales of 2014 before Alsion Platt Joined .
CWD buying a house builder and promoter of SMEs, makes good city headlines despite shares falling south since May 2015 last year.
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