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Foxtons Share Discussion Threads
Showing 2526 to 2545 of 2550 messages
|A 34% decline in revenue and this trend will continue as the market starts to crash.London has been in free fall for 16 months and we have worse to come.This is going own.|
1) well positioned, vertically integrated brands which straddle two growth markets and have plenty of runway for growth; 2) successful formats in a variety of guises and multiple routes to market; 3) strong and consistent cash flows to internally fund growth and an ungeared balance sheet with net cash of £8.9m; 4) no sizeable direct competitors; and 5) a highly experienced management team.
|Just read the Travis Perkins update as well and that's not so hot. Post Brexit hangover looks like it's about to kick in.
The problem is the U.K. is reliant on foreign investment. Once that dries up we up the creek.|
|The pound was overvalued and so was the london property market, yeah well done.|
|Trading update shows how subdued London property is. Well done on all those who
Voted for brexit.|
|Finally slump to penny status, the super rich aren't paying for over priced prime central London property, simples, market is in a huge bubble, which has just started to burst.|
|sub 60p soon imho|
|240p last October..says it all really!|
|Foxtons I heard built their model on winning instructions by quoting over the top asking prices, thus beating other agents to the instruction, then blaming the market when they have to tell the vendor prices are no longer achievable. Can't see them surviving in this post Brexit market, unless they start recruiting every foreign language bird around the globe, to spin a new story, the £ is collapsing buying into London, don't worry you're only buying into a bubble lol!|
|Jugears. What's that smell?
|Tell em Cancun.Sometimes people are blind toward the truth?|
|London house sales down 46% in May yoy
|Jugears I concour.The London property market started crashing evidently last August. I sold all my properties two years ago and kept a couple of commercial units, that I am off loading within the next month.The quickening of the crash will be even more evident in 2017,Interest rates at all time low, property at all time highs?This time I see a decade of stagnation and decline in the private and public property sectors if not longer.Kendonagasaki is short all the way here.|
|Foxtons is not the same company that Jon Hunt started and is not driven by stakeholders and irrespective of vagaries of the proeprty market e was always set to stumble to a price where the maangers can buyout probably with the help of another vulture fund and the whole merry cycle kicks off again .Jug The London market is not finished -there will always be transactions but sales are more difficut to achieve s you say its easy for individual companies to blame market conditions but a good agent will always earn decent fees whatever the market . Unfortunately thats unlikley to be Foxtons|
|A company that knows no rules out on the street. Would love this to go bust, unfortunately I doubt that will happen. This is the Tesco of the Estate Agency game.|
|Foreign buyers don't want or need to buy market cycle tops, the currency gain isn't all that if you have just started a property cycle correction.
Global cities are experiencing corrections, London will likely to be more severe as the market simply became way too expensive and out of sync. Also with high end apartment developments, supply is way to high and rising and demand dwindling to a trickle, the outlook is negative for at least a year or unless The government have a re think on SDLT rates, possible, as Osborne has gone.|
|Brexit uncertainty and stamp duty hikes are to blame for a fall of almost 50% in profits at Foxtons this yearhttp://www.thisismoney.co.uk/money/news/article-3704812/Foxtons-set-say-profits-halved-half-year-estate-agent-bore-brunt-stamp-duty-increases-Brexit-uncertainty.html|
|Transaction volumes in prime central property have dipped lower than their last trough in 2008, according to research from property data company LonRes.
In the second quarter of this year, there were only 286 sales in prime central London property recorded, lower than the 347 sales recorded in the fourth quarter of 2008.
|House prices in London are set to suffer a more severe blow than any other part of the UK, according to the first major survey to be conducted in the wake of last month’s shock Brexit vote.
Chartered surveyors in the capital expect prices to tumble during the next 12 months, as post-referendum fears grip the property sector.
Across the UK as a whole, surveyors report that the level of interest from prospective homebuyers has collapsed to its lowest level since the depths of the financial crisis.