Foxtons Share Discussion Threads

[professor pettigrew] 21/2/2017 18:50

Many years ago Hambro Countrywide fell to 39p after a long drop in property prices and interest (around 1994 I believe).

Bucketloads were bought - and eventually when the market recovered they went over £3.

A prudent nibbling of FOXT shares is the order of the day.

[opodio] 21/2/2017 18:29

Euro zone agrees to restart talks with Greece on bailout



Elephant in the room

Very worrying for foxt

[opodio] 21/2/2017 18:27

The markets will probably have a 5-10% correction over the coming months, so I am questioning to myself, what price could these go to?
Possibly under 40

Wouldn't want to be holding when this warns on trading

[ny boy] 21/2/2017 16:57

Can you see sellers with property over £2M using purple bricks ffs!

Foxtons have plenty of cash and you'll see a recovery in London prices this year,it's not all that bad out there. Anyway see you at the first pit stop 120p

[dt1010] 21/2/2017 16:53

Purple bricks mcap now double this

Foxtons are a big lumbering dinosaur

[jockthescot] 21/2/2017 14:39

Greed and fear NY Boy. Markets always over compensate and under compensate so I certainly wouldn't assume that true pricing has halved, as at today. A 50% drop in some cases is not much if there was 30% of fluff in the pricing anyway.

[ny boy] 21/2/2017 13:23

Jockthescot, you of course maybe right but I think most of this negative stuff is priced in since the fall from 150p, in fact the top of the PCL market was Dec 15 when Osborne killed the market with huge SDLT increases and at that time FOXT were closer to 200p, so at half price, start to look attractive for a long term hold.

I don't see lots of institutional investors running for the exit door. If they fell to 75/80p I would definitely add.

[jockthescot] 21/2/2017 12:20

NY Boy - I admire your bravado but you're beginning to sound like a broken record.
Optimism is great, but I think you may have your head in the sand here in the short/medium term anyway.

I do believe that in, perhaps 2 years or so this will come back over £1, but everything is against Foxtons at the moment as an undiversified business, particularly the market, and I work in in the London residential real estate world. It's bleak currently.

[ny boy] 21/2/2017 10:54

Yawn, see you at 120p

[chiragmahe] 21/2/2017 10:14

Lots of sellers today

[hillofwad] 21/2/2017 09:43

Why does everybody assume that Foxtons future success is wholly aligned with the strength of the market They have been prudent unlike CWD by expanding organically and not buying existing businesses with debt like CWD and sure an improved market will improve revenue/profits cant do no harm!

However ,the problem they have is more deep seated .Those who contribute most to the business by earning fees and driving the offices dont own the business and the only thing they can hope for is a bit of status and improved commissions
At £4m per leased office current market valuation and an entry price for the branch manager to move next door for probably less than £120k with clients next door or move into an equity position with a competitor with clients and star players in tow is how the scene is set

[tjbird] 20/2/2017 21:23

Euro zone agrees to restart talks with Greece on bailout

[dt1010] 20/2/2017 20:40

Knowing what's going on in London makes this 80p at the next results

Currently mcap is £266m

Will go sub £200m before the slump is over.

[opodio] 20/2/2017 14:59

Not a buyer here, has all the hallmarks of an imminent profit warning, tried to go up but it fizzled and has become unloved. Maybe if the market allows me to buy around support 40p, I'll get some but would like to see more positive updates first. Growing pains,these ones with profit warnings


Warns again and again and again. Needs to close a lot of those loss making new shops

[opodio] 20/2/2017 13:53

Letting fees getting fried with the new law changes

[no dice] 20/2/2017 11:28

Total London transaction volumes are still in the doldrums: 6,166 for Oct 2016, compared to 11,200 for Oct 2015 but slightly better than Oct 2008 (5,225). Revenue growth will require either volumes or prices to start moving upwards.

[ny boy] 20/2/2017 11:19

Getting silly now

[opodio] 20/2/2017 10:33

Juding bu the price action i would imagine a profit warning is imminent

[opodio] 20/2/2017 10:31

:)))))

New low on FOXT soon


Hold tight endure pain

[ny boy] 20/2/2017 10:25

Opodio, at least copy & paste correctly to gain some credibility ffs!

[ny boy] 20/2/2017 10:22

Does not relate to FOXT ..I was referring to "outside" London silly, it's a totally different market, London will be the new Singapore without the humidity.

These are heading North but I am not bothered about short term movements.

[opodio] 20/2/2017 10:15

Over-valued property prices in London, eventually the market collapses and takes these down ..just a matter of time, the halcyon days are over.



That post by NY Boy on bovis

[dt1010] 17/2/2017 14:22

It'll be when you're 30% down you numpty
Haha

[ny boy] 17/2/2017 12:18

When? Pls remind me,so I can add more

[opodio] 17/2/2017 12:17

All the rich bankers selling and moving to new finance centre in Germany or Paris after Brexit

Prime London properties set to tank

I think you will see FOXT share price soon @70p