ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

FOXT Foxtons Group Plc

54.70
2.00 (3.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Foxtons Group Plc LSE:FOXT London Ordinary Share GB00BCKFY513 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 3.80% 54.70 53.40 54.00 54.60 52.80 52.80 516,046 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 140.9M 9.13M 0.0303 17.82 162.7M
Foxtons Group Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker FOXT. The last closing price for Foxtons was 52.70p. Over the last year, Foxtons shares have traded in a share price range of 34.00p to 60.50p.

Foxtons currently has 301,294,980 shares in issue. The market capitalisation of Foxtons is £162.70 million. Foxtons has a price to earnings ratio (PE ratio) of 17.82.

Foxtons Share Discussion Threads

Showing 2426 to 2448 of 7175 messages
Chat Pages: Latest  107  106  105  104  103  102  101  100  99  98  97  96  Older
DateSubjectAuthorDiscuss
04/5/2016
13:23
How many millions of their own shares did this lot buy? Might have been better off keeping the cash to pay the inevitable redundancies!
cancun tango
03/5/2016
10:22
Critical support here for the Bulls, this level needs told hold, market looks like it's sell in May and go away, so could easily fail here.
ny boy
29/4/2016
09:11
Q. Is the trap door about to open @ 143.25p?
ny boy
28/4/2016
08:40
gong to 90p
dlku
28/4/2016
08:38
Testing 2014 low 143.25p if that breaks could see 100p but I guess they will keep it just above for now.
ny boy
28/4/2016
08:06
Significant volume yesterday - largest in 12months
jakedog2
27/4/2016
07:10
Decided I didn't like what I saw re the outlook. Thought it might get hit quite badly this morning. But pleasantly surprised that I got out for what I thought to be a reasonable enough price first thing all things considered.

Good fortune to remaining holders.

cwa1
25/4/2016
18:44
Yawn NYBoy. Are you short here? Bit late aren't you?
dt1010
25/4/2016
09:44
Way too much supply, hardly any buyers, as they know by waiting, they can get much cheaper prices, for buyers there is no rush to buy apartments.

At least two London-based brokers have organized tours of new-build accommodation for clients to assess the extent of overcapacity
* Short case rests on the fact oversupply has been underestimated, according to one of the brokers, who estimates there may be 150,000 new-build apartments costing over £1,350/sq ft coming to the market in the next few years
* Latest estimate from property firm Arcadis pinned supply significantly lower, at around 35,000 over the next decade [nNRA1unds8]

ny boy
22/4/2016
09:14
Collapse at Battersea, surprise surprise...

HOMENEWS
Battersea developer holds on to flats amid prime resi slump
21 April 2016 | By Allister Hayman


The developer of Battersea Power Station is holding back nearly a third of the apartments in phase three of the scheme, as a downturn in the prime London residential market hits sales.

Battersea Power Station
The Battersea Power Station Development Company (BPSDC) launched the first part of the Foster + Partners and Frank Gehry-designed third phase in October 2014, but 18 months on the developer has only sold 350 of the 539 flats.

Speaking to Property Week, BPSDC chief executive Rob Tincknell said that 35 apartments from the initial tranche were currently on the market, and around 150 were being held back.

The sales figures are in stark contrast to the first phase of the scheme, which launched in early 2013 and all 865 apartments sold in just a few weeks.

“If there is market demand, we will release more units, but the market has softened,” said Tincknell.

“When we sell the 35 we will probably release some more, but the market is the market, and we don’t need to be chasing sales.”

Tincknell said there were also “around 20” luxury apartments in phase two of the scheme, which involves the redevelopment of the power station itself, that have not been sold.

The 254 apartments in phase two were launched two years ago.

The sluggish sales in the £8bn Battersea scheme are a further sign of the slump that has hit London’s prime residential market.

Luxury struggle
Last month, British Land admitted it was struggling to sell luxury flats – and that its Hempel scheme in Bayswater had been particularly badly hit by the slowdown.

That followed an admission by Capco earlier in the year that sales on its Lillie Square scheme in west London had all but ground to a halt.

A pipeline of around 20,000 apartments is planned for the wider Nine Elms area, with 4,000 proposed for the Battersea Power Station site.

Analysts have claimed an oversupply of flats could see prime resi prices fall by 20% or more.

Tincknell said discounts were being offered to buyers to drive sales through, but the developer would not consider heavily discounted bulk sales to institutional investors, as other London developers were now doing.

“The market is quite challenging – there are fewer buyers around,” he said.

“That doesn’t mean we have stopped – we are still selling apartments, but we’re not chasing the marker and we’re not worried.”

ny boy
22/4/2016
07:24
This says it all for the disappearance of foreign resi investors from London:
dt1010
22/4/2016
07:03
Now we have the double whammy..commercial property bubble but even bigger than London prime residential


In a classic economic perfect storm just as demand fades there is a tsunami of supply that is about to hit the market. In the London market there is 26m sq ft of new office space due for completion within the next four years. That is the staggering equivalent of 40 new Gherkins in four years.

ny boy
19/4/2016
18:55
But there are very few buyers of property above £5M+ And none above £10M


The big boys called the top before others, sold prime Mayfair and bought a chunk of under-valued SE1


The review carries some very interesting comments on the current resi climate from the top table, including this from Chief Exec Mark Preston: “In the UK, the top end of the residential market in London has passed its peak, due in part to the recent changes to stamp duty, along with the strength of Sterling during 2015. This, I suggest, vindicates our decision to sell a part of our London residential portfolio in 2013 to provide funds for other developments.” Grosvenor effectively called the top of the luxury London property back in 2013, selling off around £240m of super-prime developments.

ny boy
15/4/2016
13:33
Not forever, I didn't say that. But for the forseeable future rates will remain flat.

But let me tell you.

Property GOES UP in a hawkish rate environment as rates are increased to control the speed of economic growth. Rising rates are a sign of a healthier economic period.

Flat rates are a sign of stagnancy.

Property went ballistic because money became and still is extremely cheap to borrow, you get zero return in a bank on savings.

You will be calling the market down in 2017 2018 2019 and 2020.

One day you will be right but it won't be because you had any coherent understanding of either the economy or the UK property market.

dt1010
15/4/2016
12:48
I am only interested in the central London market, the rest of the areas follow about 6-12 months later.

Interest rates can't stay at zero forever, the real shocks to the over stretched market in outer prime comes when the rates start normalizing again!

ny boy
15/4/2016
09:46
Hello 3rd eye

I wonder if you(or anyone) could post a link or point me in the direction of the far9 thread you mention above. Thanks.

cwa1
15/4/2016
07:33
A couple of full broker notes on the housing sector on the far9 thread posted yesterday (notes came out yesterday aswel). More or less in line with DT1010 s last paragraph.

Oh Ill transfer them here......

So what are the experts the brokers who follow the housing sector saying?????????.

Davy on Persimmon.

Today’s trading statement from Persimmon shows that new home builders are seeing a relatively buoyant trading environment despite worries regarding Brexit and the new buy to let rules. Overall, there is little new from the statement.
AGM statement broadly in line
Ahead of its AGM later today, Persimmon has released a trading statement showing continued strong sales. The weekly private sales rate for the period from the start of the year to date was 6% ahead of last year; this has eased somewhat from the +13% seen in the first seven weeks of the year.
Persimmon has opened 75 of the 100 new sites planned for the first half of the financial year. It is now trading off 370 active outlets, and management continues to focus on driving this number towards 400 by the end of 2016. This will underpin volume growth for the full year (Davy: 5%).
Total forward sales taken, including completions, were £2.15bn – 8% higher than the same period last year. The forward order book now contains 7,598 units at an average selling price of c.£220,000. Overall, the group is in a strong position to make good progress over future periods.

Canaccord

Given the uncertainties in relation to the upcoming Brexit vote, the less favourable tax
environment for Buy to Let coming in recently and weaker Central London Prime market,
it is not totally surprising that Surveyors expect sales rates and new Buyer Enquiries to
slow off in the near term. However, the underlying fundamentals remain very strong in
terms of the structural under-supply, the UK economy and government support.
While the rate of increase in sales rates may slow in the near term, we still expect
good levels of sales in absolute terms for the UK house-builders and recent comments
on the start to the year support this. Pricing momentum, outside of Central London,
is also expected to remain positive. With very strong forward order books combined
with a good start to the year so far, consensus forecasts for the UK house-builders
look well supported and resilient to some potentially slower near-term sales rates and
uncertainties.
We would also expect the typical product being sold by the new house-builders to see
better trends than the wider secondary housing market. Overall the sector looks well
positioned (strong balance sheets, overall favourably longer-term industry outlook,
government support and strong forward order books) to cope with any potential nearterm
uncertainties, in our view. As its faces negative sentiment around these nearterm
uncertainties, we believe that the sector offers attractive buying opportunities,
particularly on a medium-term view.

3rd eye
13/4/2016
19:06
I agree that Foxtons are going to unravel as the fee earners move to pastures new just disagreeing that there is a burst bubble just because in certain Central areas the market has overreached itself Telford Homes just sold 60% of their development on the Dogs a few weeks back freshly launched completing in 2019
hillofwad
13/4/2016
17:40
For once I agree with NY Boy. Commissions are far to high to sustain this type of
business.

carbon man
13/4/2016
13:48
I have been offered new build flats in prime London developments very keen to close, can get 25%-30% off, shows how bad things are, no buyers unless you give them huge discounts.
ny boy
12/4/2016
11:54
highly undesirable chav share
dlku
12/4/2016
11:52
Down, like prime London market, the bubble has burst big time, no one can sell as no high end buyers, this will spread to the rest of London over the next 12 months, especially when interest rates start going up.
ny boy
08/4/2016
06:15
I think the whole World knows the London property market is in a massive bubble, the Panama Papers have just provided the nail that bursts it, question is having been mostly fueled by shady money, how hard will it fall now the cat is out of the bag? No buyers want to get caught now with the trap door about to fall.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.

“We think it very likely that the influx of corrupt money into the housing market has pushed up prices,” said Rachel Davies, senior advocacy manager at Transparency International. Donald Toon, head of the National Crime Agency, has gone further, saying last year that “the London property market has been skewed by laundered money. Prices are being artificially driven up by overseas criminals who want to sequester their assets here in the UK”.

ny boy
Chat Pages: Latest  107  106  105  104  103  102  101  100  99  98  97  96  Older

Your Recent History

Delayed Upgrade Clock