Foxtons Share Discussion Threads

[ny boy] 09/2/2017 08:16

Our seller look to have finished. Could see a move to 120p over Q1/2

[topazfrenzy] 06/2/2017 13:24

Opodio's talking to himself again

[opodio] 06/2/2017 09:49

Getting slashed again

[opodio] 03/2/2017 16:09

New LOW

Bad news coming]


Im expecting this to capitulate at around 45p

[opodio] 03/2/2017 12:14

I wouldnt want to be holding when they report

Could crater

[chiragmahe] 03/2/2017 10:53

shorts increases to 4.15%

hxxp://shorttracker.co.uk/company/GB00BCKFY513/all

[opodio] 02/2/2017 21:50

Carney warns of finance jobs moving to Paris or other centres after Brexit


All that wealth will leave UK shores



Very bad news for FOXT

[onjohn] 02/2/2017 14:52

getting slashed again

[chiragmahe] 02/2/2017 10:14

94.44 -2.06 (-2.14%)

[onjohn] 31/1/2017 20:18

Wonder how many of the newly opened shops are loss making

All those onerous lease provisions when they close them

Could suck up cash for years as 20 years leases not uncommon

Ouch

[wookie77] 31/1/2017 20:16

Thats not Foxtons market though. And one or two deals does not help agents. They need liquidity! Market is gridlocked its all about SDLT. Brexit is a sideshow.

[ny boy] 31/1/2017 15:48

Greetings chiragmahe Prime Central London

[chiragmahe] 31/1/2017 15:40

hello NY BOy what is PCL?

Also have much have u bought so far and whats ur average.

thanks

[ny boy] 31/1/2017 15:27

Jeez some people get carried away, I have been told to acquire these,so have have been doing so over the last few months. Sp has priced in the worst imho but hey dyor as usual.

I know a fair bit about PCL, private off market deals at the top end above £10M are being done but quietly, I have just done one myself but higher up towards £20M, it's not all gloom & doom.

As far as I can see the main institutional holders are not sellers of the shares here.

You are more likely to see some stake building going forward, budget March 8 could be interesting.

[chiragmahe] 31/1/2017 10:18

ONJohn good point, but doesnt lower prices mean it makes it more attactive to buyers which might improve sales?

[topazfrenzy] 31/1/2017 09:59

ONJohn I dare you to short it and see yourself lose YOUR house lol

This is when the clever money starts buying, these figures posted are old news, the market knows about the slowdown. London is not expensive for an international market and once Article 50 is triggered I believe the money will start flowing in again, ESPECIALLY from the Eurozone as that's the one that is looking doomed.

It happened in 2009 and it'll happen again, where only London (and the prime South East) are seen as stable and a store of wealth.

[onjohn] 31/1/2017 09:47

PCL’s more luxury areas, where prices average above £2m, on the other hand, typically suffered price falls. Chelsea was worst affected with price falls of -12.2% and a 28.5% fall in transactions.


If you previously had £100m turnover apply price falls of 12.2% and it leaves £87.8m and then apply the 28.5% fall in transactions and it gets to £62m

Thats scary as the cost base of those offices is so very high

They are gonna start laying off people , close offices and those minis are gonna have to go back


Could go bust i believe

[opodio] 31/1/2017 09:41

No, this will slump further, the global commodity rout has killer off all the dodgy funds previously being pumped into prime London, prices are now just starting to correct at least 40% to come off this asset bubble. If you think of some commodity stocks, some are down 90% that's more of a bottom than buying over priced prime London asset bubble.

All those lossmaking new offices i hear

Long way to slide yet