Foxtons Share Discussion Threads

[ny boy] 19/1/2017 08:15

Decent yield at 5% too

[ny boy] 19/1/2017 08:07

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.

[dt1010] 18/1/2017 11:40

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.
Motley Fool.

Can see this plumbing 70p by March tbh

[diku] 18/1/2017 10:54

Divi chop coming...

[chiragmahe] 18/1/2017 08:27

Blackrock clients have increased shorts by 200,000 shares.

Total short now 10.8 million shares

[ny boy] 18/1/2017 07:23

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

[hillofwad] 18/1/2017 06:02

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

[topazfrenzy] 17/1/2017 22:04

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.

[diku] 17/1/2017 21:47

And one of the main root causes of price rises is QE & artificially low rates...this medicine is just too good to let go...

[ayl30] 17/1/2017 21:31

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

[netcurtains] 17/1/2017 19:11

...you think thats crazy I cant buy a decent house in Edinburgh for under £300K either.

[no dice] 17/1/2017 18:03

Just look at the most recent Land Registry sales volumes for London: 6,698 for Sep 16, the lowest since the depths of September '08 (5,191). Unless there's a rapid and significant increase in volumes or prices in H1 2017 then London-centric estate agents (and builders) are in for some tough times.

[chiragmahe] 17/1/2017 14:47

takeover merger any thoughts?

[anony mous] 17/1/2017 13:05

Is this still paying a divi ?

[ny boy] 17/1/2017 09:38

Numis are buyers.

Only drop / change in SDLT in the Spring Budget will change the market, many agents will either go under, merge or close branches, Foxtons with low debt, look well placed to ride out the storm and remain a sitting duck to an overseas predator with £ slump to 12000 against the US$ possibly hitting a low of 11200/11500 area this year.

Adding here

[topazfrenzy] 17/1/2017 08:30

Added a few more, building my stake again at these levels!

[anony mous] 16/1/2017 20:04

and NY Boy keeps buying here.LolWhat a sucker.Can't call any share right. Lol.

[aishah] 16/1/2017 19:34

Quite surprised why there is interest here. A lot more to fall imo. Dyor

[jockthescot] 16/1/2017 18:46

Hmm - that kills the notion of support at or around 100p then....

[dt1010] 16/1/2017 09:13

Drop is not over here

London market is shagged

[diku] 15/1/2017 13:39

London is getting just too crowded...only got to look at the traffic situation.....& all the new builds still going on yet to impact....every available space used up to build then what next?...some of these new build so called contemporary apartments are match box sizes...

[topazfrenzy] 15/1/2017 12:58

Watch the money flow back into London fast:



I'll be adding to my stake here pronto.

I think a reduction of stamp duty across the board could be on the cards for the spring.

The EU has been truly trumped at its own blackmailing game, a tax haven UK means the destruction of the EU in my opinion, quickly and efficiently. There is no way Germany can keep propping up all its terminally injured neighbours, they are doomed.

[alex1621] 15/1/2017 12:37

High operational gearing is a factor to consider, can impact profits heavily when sales slow down. London property looks as if it will continue to slow ... I don't think this one has bottomed yet.