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FOXT Foxtons Group Plc

54.60
-1.00 (-1.80%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Foxtons Group Plc FOXT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.00 -1.80% 54.60 16:35:17
Open Price Low Price High Price Close Price Previous Close
55.00 54.40 55.40 54.60 55.60
more quote information »
Industry Sector
REAL ESTATE

Foxtons FOXT Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
05/03/2024FinalGBP0.00711/04/202412/04/202428/05/2024
27/07/2023InterimGBP0.00203/08/202304/08/202312/09/2023
07/03/2023FinalGBP0.00713/04/202314/04/202331/05/2023
28/07/2022InterimGBP0.00225/08/202226/08/202227/09/2022
02/03/2022FinalGBP0.002712/05/202213/05/202224/06/2022
29/07/2021InterimGBP0.001826/08/202127/08/202128/09/2021

Top Dividend Posts

Top Posts
Posted at 07/3/2024 21:38 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-time-reat-eman-and-foxt/Foxtons Group (LON:FOXT) – A Strong Property HoldingConsidering the general state of the residential property market over the last year or so London's leading estate agency group gave out a very interesting set of full year figures on Tuesday of this week.Revenues for the year to end December 2023 were £147.1m (£140.3m), while adjusted pre-tax profits were £13.8m (£13.1m), generating 2.8p (3.0p) in earnings but maintaining its 0.90p per share dividend.CEO Guy Gittins stated that:"2023 was a year in which Foxtons has been fundamentally transformed. We have achieved a lot in a short space of time by making improvements across the business and Foxtons is now in much better shape than the company I inherited 18 months ago. We have restored Foxtons' competitive advantages by investing in core capabilities, growing fee earners and reinvigorating our culture and this has been achieved ahead of schedule. As a result, Foxtons was the UK's fastest growing large lettings and sales agency brand in the UK in 2023 and reclaimed its position as London's leading estate agency.Most importantly, we have rebuilt and strengthened the Foxtons Operating Platform. The platform is a unique, industry-leading and proprietary asset which will underpin our future growth and, due to its scalability, will provide Foxtons with the capability to expand and consolidate across our industry.Our strategy to deliver growth through sales market cycles by delivering Lettings growth is working, delivering resilient earnings for the year despite a weak sales market and the investment we made in fee earners. We are on track against our medium-term target of delivering £25m to £30m of adjusted operating profit, through organic and acquisitive growth and supported by improving market conditions."Analyst Greg Poulton at Singer Capital Markets rates the group's shares as a Buy with an upgraded Price Objective of 88p (63p) per share.For the current year his estimates are for £158.3m revenues, profits of £17.0m, earnings of 4.0p and paying a 1.10p dividend per share.With a portfolio of over 28,000 tenancies and growing in number, the £180m capitalised group has set itself a medium-term target of achieving a £25m to £30m adjusted operating profit.The group's shares, which have performed well since 2nd January when they were trading at 46p, closed last night at 59p.Hold very tightly, we are only days away from my 2024 Target Price of 61p being achieved, while my 2021 aim of 76p will take just a little longer to be scored.
Posted at 05/3/2024 15:18 by saucepan
Indiestu: thanks for the further discussion. I have only just caught up with it, as I have been out-and-about since.

Arguably, a lot also depends as to whether one judges a stock to be in "Stage 1", "Stage 2", "Stage 3" or "Stage 4". I am referring here to Stan Weinstein's Stage Analysis as expounded in his book "Secrets for Profiting from Bull and Bear Markets", published in 1988.

For me, it is by far the most useful investment book I have ever read and I recommend it highly if you are not familiar with it. Second-hand copies can be picked up from the usual sources.

FWIW, my hunch was that FOXT is entering early Stage 2 (the ideal time to be buying), but it has still to prove itself: i.e. price needs to remain above a rising 150-day moving average.
Posted at 05/3/2024 09:53 by saucepan
An important, but not exclusive, reference point for me is the relationship between 8, 20 and 50 period moving averages on daily, weekly, and monthly charts. Obviously, support and resistance levels also come into the equation.

The 50 period (day) moving average is rising and providing support on the daily. On the weekly: price is above all three moving averages and all three moving averages are rising.

I am fortunate enough to be in profit with FOXT, only buying a few months ago. I can thus give things a bit of slack.

The daily chart is currently weaker than the weekly chart, admittedly.
Posted at 05/3/2024 09:08 by indiestu
Maybe but 400p would make a 1.2 billion market cap. For a shady lettings agent that's a little optimistic. With a 5% yoy growth in revenue that's going to take a long time. So if no growth then you are only buying for a dividend which is hardly worth taking. There are much better dividend plays out there.
Posted at 05/3/2024 08:56 by saucepan
But isn't the point that FOXT has already "tanked"? The share price was once 400p. The waterfall decline on the chart has now stabilised and it looks as if price is now in an early uptrend.

That, to me, seems to correspond with reported fundamentals: (a) numbers stabilsiing; b) bullish future outlook.
Posted at 05/3/2024 08:41 by indiestu
I don't understand why this hasn't tanked yet No significant improvement in revenue or profit on any measure. No dividend increase and a big debt pile in a high interest rate environment. All talk from the board and a run of poorly thought through acquisitions. Trouble ahead. Good luck.
Posted at 02/2/2024 10:52 by whites123
Well, Topaz, I agree with your assessment. FOXT seems to be teetering on the brink of its demise.
The year-end update was, to put it mildly, a lackluster affair, failing to ignite any excitement or provide insights beyond the already known market information.
Some might go so far as to label it a damp squib, but I concede that the share price uptick did conveniently align with the very vocal PUMP campaign you championed.
Now, my curiosity is piqued about the impending fallout when you and your cohort decide to start the DUMP.
I'm willing to bet that when the dump occurs, there won't be a grand announcement; we'll just notice your sudden enthusiasm for a "New" can't-miss stock series of posts. Your predictability has reached such levels that it's bordering on monotony, a trait I suspect has accompanied you throughout your life
Posted at 31/1/2024 11:53 by topazfrenzy
You are so obsessed with me Whites, you need to seek help lol

I am holding DEC for the 30% dividend but have little to say there so am keeping quiet .. unlike you who just chases me around these discussion boards like a stray dog
Posted at 29/1/2024 12:57 by indiestu
What justifies a higher share price? FY 21 revenue 120 mil and 20 mil in cash. FY 23 revenue 147 mil and 7 mil in debt. Not exactly spectacular. A few less share in issue I guess, business a little leaner, dividend sucks.
Posted at 03/1/2024 11:36 by topazfrenzy
They're buying all the laggards from last year and dumping the outperformers

Foxtons is in the best financial health it's ever been

NO DEBT

Decent dividend

Profit monster

BUY BUY BUY!

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