Foxtons Share Discussion Threads

[diku] 11/1/2017 09:21

In a slow housing market staff look for opportunities else where...does anybody know average earnings of Sales staff?...

[hybrasil] 11/1/2017 09:17

Still way overvalued

[chiragmahe] 11/1/2017 08:44

huge fall today..

did everyone sell?

[diku] 09/1/2017 10:17

50p would be good...but I think if & when the market does correct soonish then possibility drifting down to 70-80p area as capitulation...this 100p price is becoming too stale now...some sort of move up or down coming...

[anony mous] 09/1/2017 10:12

Maybe worth a punt at 50p.

[diku] 09/1/2017 09:15

I think they reading my earlier post...

[aishah] 09/1/2017 08:42

Peel Hunt downgrades to SELL. Target price 80p

[dt1010] 06/1/2017 16:32

We can hope 100p holds..

I see Purple Bricks up a lot today...hmmm...jeez I hate that business!

[ny boy] 04/1/2017 15:38

Looks like decent support here, no debt is an attraction which is supportive, let's see if buyers return this week onwards.

[aishah] 04/1/2017 11:27

Small Cap Value Report:
"My hunch is that UK property prices may have peaked now, and hence it's not a sector I want any exposure to. I'm currently shorting Foxtons (LON:FOXT) because I reckon their profits could be hit very hard, with the London market already slowing.

Other estate agents look incredibly vulnerable to both a downturn in property prices, and online disruption from the likes of PURP. I struggle to see how conventional estate agents will be able to maintain their expensive branch networks, when online competitors can so drastically undercut them on price. Estate agency has been a gravy train for years, which is hitting the buffers now, in my view."

hxxp://www.stockopedia.com/content/small-cap-value-report-3-jan-2017-my-investing-themes-for-the-year-164482/

[diku] 02/1/2017 22:09

Rather than banning the admin fees payable by tenants they could have introduced a maximum cap on the fees...say £50 or £100 max....

[larva] 02/1/2017 21:45

Is this one finished

[dt1010] 01/1/2017 22:15

I have revised my thoughts on this.

I don't see 50p. I see around 100p being the bottom.

IF the right win a french election or a german election next year, London prime will be seen as a safe haven from a collapsing euro.

There are - I happen to know for a fact - no signs of a turn around in London prime now. Some deals are being done - but very thin on the ground. Top people are being culled in agencies at JLL and KF..the pain is clear to see. It is VERY tough to be a prime agent in London right now.

But I think we have seen the worst now.

I am a buyer at these levels, scaling in, not all at once.

One to tuck away though that will look like a shrewd buy in a years time I reckon. I have already bought some. at 101p.

Not betting the farm.

HNY!

[ny boy] 29/12/2016 09:42

Me too, I know a few of the people in the industry

Foxy is considered good value at around 100p..if 80p was offered I would double my stake.

[topazfrenzy] 29/12/2016 09:35

80p would suit me fine, I'd like to add at those levels and then forget about them for a year or two ;)

[topazfrenzy] 28/12/2016 11:47

diku, this is old news for stock market investors, all baked-in here, the rally will start with the stock market first, and it'll catch every doom-monger out, and fast.

Foxtons valued at 250 Million is absurd considering it has no debt and is profitable even in difficult times, it'll hit a $1 billion valuation in 3 years imo, or be taken over.

People underestimate the wave of middle-class Asian buyers who will keep pouncing on London as their first choice, this trend is only just beginning according to some property analysts, only the tip of the iceberg of Asians wanting to get their money out into 'safe havens' like London.

[diku] 27/12/2016 11:18

Dramatise it...prices in parts of London collapsed as much as 13%!!...considering they have risen near 60 - 80% over the last 7 years!!....


LONDON — House prices in parts of central London have collapsed by as much as 13% over the last year, according to new figures from property consultancy and advisory Knight Frank.

[dlku] 27/12/2016 10:59

Asking prices crash for homes in Camden as expensive London areas struggle
Rightmove said house sellers in London slashed asking prices entering December.
Shane Croucher By Shane Croucher



General view of Camden High Street, London: Camden saw the largest fall in asking prices on homes of all the boroughs in London during DecemberiStock
Asking prices on homes are crashing in the London borough Camden, according to Rightmove data, as the priciest inner city areas feel the heat of stamp duty rises and Brexit uncertainty.

[topazfrenzy] 27/12/2016 10:39

I think Foxtons could well be one the big winners in 2017 when revenues beat, the market has priced in the bad news and it's just biding time for now. No debt of course and still paying a dividend as far as I know. I see a 50-100% rise from here in the next 12 months.

[loveandmoney1] 23/12/2016 07:58

LONDON — House prices in parts of central London have collapsed by as much as 13% over the last year, according to new figures from property consultancy and advisory Knight Frank.


buyers will be out soon after correction plays out?

[ny boy] 22/12/2016 15:13

Added a few more at 100p

[ny boy] 09/12/2016 12:46

Due diligence carried out shauney2, cash pile, no debt, probably see them take out some minnows next year. It was these or purple bricks, I hate the latter name, pretty naff.