||EPS - Basic
||Market Cap (m)
Foxtons Share Discussion Threads
Showing 2626 to 2648 of 2650 messages
|I work in the industry NY boy and believe me when I say SDLT changed are simply not going to happen. Perhaps abolishing the 3% surcharge for PRS landlords rather than BTL landlords, but there is no chance they're going to change what is perceived as a fair tax on the "haves" to be spent on the "have nots".
The economics of the decision don't matter - it's always going to lose more votes than it gains.|
|Mostly in the price now, I think you will see fresh buying before 08 March Budget, rumours of SDLT changes being muted, early days but I don't see a lot more downside, no debt is still an attraction, I don't see any institutional investors bailing out either.|
|Everyone knows that London is not the place to invest for rental yield, so I don't see the point of this last post, regarding the North East.
When the Chinese, Malaysians, Indians, Greeks etc buy in London it is not for rental income primarily but for security, to also get their money out of China etc. They buy for capital protection (and eventual gain).|
|Buy-to-let landlords buying up property in the North East as central London rental market shows signs of 'topping out'
Proportion of landlords in the North East looking to buy more homes doubled
Only 5% of landlords operating in central homes look to add to their portfolio
By Jane Denton For Thisismoney
Published: 14:03 GMT, 19 January 2017 | Updated: 15:10 GMT, 19 January 2017
Buy-to-let landlords are snapping up more properties in the North East to take advantage of high annual yields, findings suggest.
The proportion of existing landlords in the North East looking to buy more homes in the region over the next three months has doubled to 19 per cent since last year, the National Landlords Association said.
Meanwhile, just 5 per cent of landlords who operate in central London said they plan to buy more properties in the next quarter, the lowest across all regions and down from 15 per cent this time last year.
Heading North East: Buy-to-let landlords are turning to the North East in a bid to increase their annual yields
The central London rental market is starting to show signs of 'topping out', with tenant demand sliding and landlords looking for higher yielding investments elsewhere in the country, the NLA said.
The number of landlords in central London reporting a rise in tenant demand has dropped from 45 per cent to 17 per cent in a year.
Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-4136004/Buy-let-landlords-turn-North-East-returns.html#ixzz4WJ6zdtPd|
|I can see an overseas investor investing in the underlying real estate NYboy, but not Foxtons sadly, which IMO, has further to fall.
I agree there will be a recovery, but I don't see this happening in 2017 unless there is a significant fall in London HPI which will swiftly be followed by an increase, both of which will increase transactional activity rather than the current, steady sideways/downwards focus.
|Any sniff of an overseas predator circling and the share price will be right back to 150p+ risk reward ratio quite good down here at these levels imho|
|Agree, I usually buy when there is too much fear about|
|Grab some now is my advice and top up if it sinks further. When it decides to re-rate we'll see a 30% move upwards in the first day most probably.|
|Think if & when the general markets gets a jolt in Feb...75p - 80p...there is a risk of a profits warning...then down to 65 - 70p...|
|For sure I will add more if that level arrives.|
|80p better price...|
|Support/resistance battle @ 95p, stays above then likely move to 123p in Q1, failure to hold 95p then down to bottom of Channel around 80p|
|Decent yield at 5% too|
|It's a buy here and at anything down to 70/75p..prime takeover target by an overseas predator wanting to establish a strong footprint in the Capital at a cheap entry level.|
|Value buy or value trap?
Foxtons shares have been popular for their cash generation and high yield. But earnings have fallen steadily from a peak of 30p per share in 2012, to a forecast level of 6.4p per share for 2016.
Analysts' forecasts currently suggest that Foxtons' earnings will rise by 12% to 7.2p per share in 2017. On this basis, it could make sense to buy at current levels.
The risk is that weaker market conditions will last longer than expected. Although Foxtons' debt-free balance sheet and lettings business mean that there's no danger of the group running into financial difficulties, it may be forced to downsize if property sales continue to slump.
Foxtons is beginning to show signs of value, but I plan to wait until the group's 2016 accounts are published in March before making a decision.
Can see this plumbing 70p by March tbh|
|Divi chop coming...|
|Blackrock clients have increased shorts by 200,000 shares.
Total short now 10.8 million shares|
|I don't see any of the institutional holders selling here, see what the spring budget brings, certainly pressure on to reduce SDLT or change the format completely. I see these bottoming out around 75/80p in the short term|
|Foxton,s failure or success is not wholly dependent on the London market .Their reputation hasnt been ripped apart by the management fees fiasco They have expanded organically and incrementally unlike CWD and carry little debt
The negatives are high premises rents where the leases are liabilities rather than assets and staff costs Its difficult to see revenue being other than flat Instructions are lingering longer which cost more time to service In that sort of environment the best staff who earn the fees are contemplating pastures new The problem with listed agents is that the equity has flown out of the windows aht they cant reward their best fee earners properly
The budding Jon Hunts are already planning ther moves clients in tow especaily on the property management side The current market valuation is still £4.5m per leased office certainly too high for a management buyout
The best that can be hoped for is treading water at current levels|
|If you don't live in London or have London property you'll find it hard to understand the valuations, which actually are quite cheap compared to most 'safe havens' like Hong Kong, Switzerland and Monaco etc. It is ultimately an international and recognised market that is second to none and it will always keep its investment value in the medium to long term term, blips are just that, blips. The money in London property has nothing to do with Europe really, it is Russian, Middle Eastern, Chinese, Malaysian, Indian, Nigerian, countries that have nothing to do with Brexit, and of course mainly British for most of London.
Doom mongers of course always wish for Armageddon to 'buy into' (which they never manage to do as they are not astute to what a good price is), and they get bitter when they miss out, so spout nonsense before, during and after.
Foxtons' share price may fall further but the bad news is all baked in at this stage and I for one see the London market moving faster after Article 50 is triggered, in the prime areas then trickling down into the fringe areas (which are still doing very well btw). People in London do not sell on the whole if they do not have to.
The great advantage here is the no debt situation and Fontons may still pay a dividend this spring, despite the wrong information stated earlier by one poster stating that they won't.
Volumes have to rise of course for this to soar again, but I trust that Mrs May and her handbag carriers may want to relax the dire stamp duty move adopted by humpty dumpty Osborne earlier in the year.|
|And one of the main root causes of price rises is QE & artificially low rates...this medicine is just too good to let go...|
|Sadly guys I think today's prices are the new norm. Around where I live in Bucks the prices continue to creep up, even flats for older people are fetching record prices due to demand from downsizing|
|...you think thats crazy I cant buy a decent house in Edinburgh for under £300K either.|