Foxtons Share Discussion Threads

[aishah] 09/3/2016 14:38

Foxtons: why the estate agent you love to hate is losing its grip

[rubberbullets] 09/3/2016 14:34

In its earnings report this month, Foxtons, a British estate agency, said sales of London residential properties could be impacted by political and economic uncertainty in the run-up to the referendum on June 23

[aishah] 08/3/2016 10:11

Lacklustre results.

[ny boy] 08/3/2016 08:02

London property market..the party is well and truely over, huge over supply of apartments, no one buying, prices will fall heavily.

[dt1010] 07/3/2016 10:10

JLL has downgraded its forecast for house price growth in central London residential developments from 1% to -3% in 2016. It said demand for central London residential has weakened, driven by a deepening of global economic uncertainty, notably from China, but more significantly by the imposition of an additional 3% stamp duty charge for second home purchasers and investors.’
Alexander Peace | Investment/finance | Residentia

[ny boy] 02/3/2016 13:21

Oh dear, now we really have trouble down at Battersea/Vauxhall riverside. Thousands of foreign buyers duped maybe?

Disaster in the making, simply way too many apartments being built that no want can afford!

Only 5000 sold last year with 35/50,000 more either unsold, under construction or about to be built.

[ny boy] 01/3/2016 07:05

Party is well and truly over!

[aishah] 26/2/2016 16:15

Foxtons faces £2.2m legal case from 55 landlords after charging £204 mark-up for a changed lightbulb

[dt1010] 19/2/2016 22:18

Let me guess lol NY, you're not on the housing ladder yet haha, whats for din dins mummy?! lol

[ny boy] 15/2/2016 06:35

William White is well respected,if he is predicting London property prices will collapse,they are very likely to do so,in fact prime London market is in a terrible state, a flood of multi million pound listings and very few buyers, the party is well and truly over.

The bubble has been inflated mainly through cheap money sloshing around the World, along with all the stolen money from poor Countries that's hidden behind secret off shore structures, now the criminals can't sell, the have no more crooks to sell too, market is already showing signs of a collapse, with asking prices being slashed daily.

[hillofwad] 15/2/2016 04:44

I mentioned no timetable just inevitable doom .What will happen eventually is the share price will sink to a point where its worthwhile for the current managers of the business to undertake a management buyout with perhaps some individual offices going their seperate ways The whole game starts over again Salarymen who have had their eye firmly on the exit door become newly invigorated as equity holders with the company upping their game Purpelbricks eat your heart out

[dt1010] 14/2/2016 20:24

Foxtons won't disappear as fast as u think.
I am not interested if it does or not.
Only in shorting it.
For its arrogance and aggression and shyte staff and corruption it deserves to go bankrupt though.

[hillofwad] 14/2/2016 10:26

Irrespective of any property crashing Foxtons like any listed estate agents are doomed who have been bought and sold by various capital funds sucked out all the equity leaving behind very little incentive for staff above a certain level to stay as they have no equity A high salary and generous commissions are all thats on offer which unlesthey are salarymen holds limited appeal to an entrepreneurial negotiater Best ones leave with cliets in tow leaving deadwood behind Exception to this rule is Savills who havent been bandied around like a parcel and have a wide property offer

[dt1010] 14/2/2016 09:48

In the next crash I can see 100p or below coming for Foxtons.

[dt1010] 10/2/2016 22:47

I think QE will come before June.

I hate catching falling knives and I hate this business so I won't buy it any time soon. But as a swing trade when the market does bottom out, and it will, this will be worth a look.

Note than everyone is calling the market lower right now.

The crowd is always wrong.

[ny boy] 09/2/2016 15:33

148p important support from nov 2014, if that breaks then maybe as low at 100/120p, especially if the prime London bubble completely bursts.

[ny boy] 08/2/2016 13:54

Citigroup, are just copying me, I should charge them for research!

Prime London property market is really taking a hammering now, too much stock hitting the market, even in the golden postcodes.

[dt1010] 05/2/2016 08:58

Citi are right.

[moopdoom] 05/2/2016 07:42

They fat-fingered a zero on the end.

[aishah] 04/2/2016 13:00

Citigroup reiterate SELL. Cuts price target to 150p from 185p

[ny boy] 04/2/2016 07:05

And more apartments to flood the market, price reductions have already started, too much supply, not enough buyers as the asking prices.

[moopdoom] 03/2/2016 14:43

Don't think it was unreasonable to think that ahead of the open. But the way it's traded back to unchanged from 172.5p shows the potential downside here; they deliver on the statement, and the market sells the rally? Not great.