|Bid||420.60 x 0|
|Ask||421.60 x 0|
|Day's range||417.80 - 426.80|
|52-week range||248.80 - 544.00|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||12.92|
|Earnings date||19 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||19 Dec 2019|
|1y target est||388.75|
(Bloomberg) -- Countryside Properties Plc is facing demands from activist investor Browning West to break itself up and provide the U.S. hedge fund with a board seat, Sky News reported.Browning West, which has acquired an 8% stake in Countryside, has told the U.K. developer to sell its homebuilding unit, Sky reported, citing unidentified people with knowledge of the matter. The Los Angeles-based hedge fund made its demand some weeks ago and further dialog is expected before the end of 2020, the news service said.“Browning West has raised matters which the board and management have previously considered, and we will continue to engage with Browning West and our other investors in that context,” a Countryside spokesperson said by email on Monday.A London-based spokesperson for Browning West declined to comment.Countryside builds homes for private sale as well as operating a partnerships business that develops mainly low-cost housing for public bodies and affordable housing providers.Shares in Countryside rose as much as 4.4% in London trading on Monday morning. It has a market value of about 2.2 billion pounds ($2.9 billion).(Updates with company comments starting in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Countryside’s housebuilding arm is one of its two main operating divisions and one of the largest in southeast England, accounting for around 40% of its total group revenues.
Most readers would already know that Countryside Properties' (LON:CSP) stock increased by 9.1% over the past three...