Foxtons Investors - FOXT

Foxtons Investors - FOXT

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Stock Name Stock Symbol Market Stock Type
Foxtons Group Plc FOXT London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-1.10 -2.01% 53.60 16:35:17
Open Price Low Price High Price Close Price Previous Close
55.20 54.50 56.40 53.60 54.70
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tole: looks for buyer for mortgage broker Alexander Hallby: Samantha Partington20/07/2021 • 0Foxtons looks for buyer for mortgage broker Alexander HallLondon estate agent Foxtons is in the process of finding a buyer for its independent mortgage advice arm Alexander Hall. Several mortgage advice firms have been approached by third parties acting for Foxtons with marketing packs targeting the acquisition of the Alexander Hall in the last two months.Mortgage Solutions understands that Clearwater, an adviser brokering the deal for Foxtons, has drawn up a prospectus to show to eligible mortgage advice businesses.Clearwater is a corporate finance house that specialises in mergers and acquisitions, debt raising and refinancing.One source, who has been approached with a prospectus but has declined the proposition because they are not planning to expand, said to be an attractive deal the transaction would have to come with a mandate relating to the ongoing relationship between the two businesses."Any acquirer of the business would be looking for reassurance that Alexander Hall's relationship with Foxtons to serve its estate agency branches would continue," said the source. "Perhaps in the region of a 10-year service agreement."One broker firm thought to be an interested party is Pivotal Growth, a new intermediary established as part of a £200m joint venture between LSL and investors Pollen Street Capital.Simon Embley stepped down as chairman of LSL Property Services to join Pivotal as chief executive in April.Through funding from LSL and Pollen Street Capital, Pivotal is armed with a war chest of close to £100m to support acquisitions.Mortgage Solutions asked Foxtons to confirm the sale of Alexander Hall but it declined to comment.Clearwater declined to comment.LSL said it would not comment on market speculation.
strollingmolby: Https:// And more positive noises from management on the Capital Markets Day on 3 June, with plans for expansion with 'virtual' regional offices and establishing in more UK cities. Time will tell if they can take this in their stride and not be seen to expand for the sake of it to pacify shareholders agitating for change.
tonysss13: hxxps:// UNCOOKED ALERT: Foxtons said to ... - Part 2 Wednesday, 21 April 2021, 4:08 pm Catalist Partners, the activist property investor, is rumoured to be looking at Foxtons, the UK-listed estate agent. People following the situation have heard rumours Catalist was the firm examining Foxtons back when the original takeover rumours were first on Betaville Intelligence in February. However, it's not clear whether Catalist is interested in initially buying a large shareholding, it recently disclosed a 2pc holding in Foxtons, or considering an offer for the whole company, said these people following the situation. Catalist, which was co-founded by entrepreneur Robin Paterson, has a strong track reocrd of taking activist positions in London-listed property companies and agitating for change. The firm bought a sizeable holding in Countrywide and led an attack against the company's management, which eventually resulted in a sale of the business to rival Connells for £134 million in February. Foxtons is currently buying back shares, purchasing 50,000 shares on April 20 as part of a share buy back scheme launched in December 2020. That would suggest that, if Catalist is interested in an outright buy-out of Foxtons, it hasn't yet approached Foxtons about a deal. Catalist didn't respond to requests for comment from Betaville. To be clear, the above story is UNCOOKED. In case you don't remember I have pasted the definition of UNCOOKED below:
boozey: I am already in from long ago Dennis - but I agree with you in principle, and institutional investors have a high moral compass these days too - witness the disaster of an IPO at Deliveroo. If you disregard investor sentiment it will come back to haunt you. Budden is clearly either too thick, too arrogant or too pig-headed to care (or a bit of all of them). I also lay blame at the door of the Non-Exec team here too. What were they thinking of allowing this mess. Anyway rant over! :)
boozey: I see Budden took £1M bonus for Foxton's performance in the last financial year - during which the company took government financial support. Absolutely outrageous. The Non-Execs should have advised him not to take it or resigned in protest. Too many Non-Execs are nodding dogs. Budden should be fired for being completely insensitive to the point of ignorance. Let's hope some of the bigger investors, or even Soros, put him straight. No wonder the share price retraced today.
ny boy: Investors buying ahead of the Budget on Wednesday, also FOXT share buy back programme continues until then
ny boy: General markets are positive as investors sense a big recovery as we come out of lockdown and ramp up the economy, everything is a hold now after accumulating opportunities recently GLA
ny boy: Tarrant777 Welcome aboard, pull back are being bought by investors who are looking ahead 12/28 months min Long term hold for me GL
davidosh: Just to let shareholders and potential investors know that it is likely that we will be featuring Foxtons in the #MelloMonday show on Monday evening in the MelloBASH (Buy, Avoid, Sell or Hold) Https:// Tickets are still available and if you would like one at half price then enter the code MMTADVFN50
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