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
  1.65 3.43% 49.70 49.70 50.50 50.80 48.30 48.30 448,205 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 93.6 -1.4 -1.0 - 162

Foxtons Share Discussion Threads

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07:46 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.
From today's Guardian...... ‘Frenzied buyer activity’ drives UK house prices to new high Property site Rightmove says it expects official figures to show June was busiest month ever for sales......
Well it looks as though the share price is currently rejecting further downside. Hopefully the tapering of the tax incentives is priced in. Time will tell I guess.
Im'hoping that was the first tick up indicating a change in direction. I dropped half, but have retained half and for the moment am happy to buy back and potentially increase.
I am buying here now. Any reasons not to? Technically a falling wedge should break upwards. Lets see.
Personally it seems to be well worth paying attention at the moment. Fell back to 58 but is moving ahead now to 60 and above. It's challenging a descinding tl resistance on the daily chart. It could mean that someone has started to accumulate. I do hope this is not a self fullfilling fantasy where I convince myself that the share price will move up, start buying and it moves up. Not much profit in that.
SP has drifted down for a while now. Starting to look as though the drift is over as the price is pepping up now. 59p as I type. I've been buying in the hope the rot is done for the moment.
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.
A little activism wouldn't hurt here... More dissent over Foxtons’ performance among key shareholders Hosking Partners, which holds a 11.3% stake in Foxtons, has written to the agency's chairman to complain about its poorly performing share price. The battle for control over Foxtons future direction has taken a new twist after it has been revealed that major shareholder Hoskyn Partners has written to the estate agency’s chairman Ian Barlow outlining its dissatisfaction with the company’s performance. The city fund, which is run by prominent Brexiteer Jeremy Hoskyn (pictured), recently increased its holdings in the company from 10.93% to 11.21%, making it one of the largest shareholders in the estate agency. Hoskyn’s letter to Barlow outlines concerns over Foxtons share price, which has fallen from a 2014 high of £4 a share to 59p today, and remains a third lower than its pre-Covid price of 93p a share. The complaints come despite the launch of a radical expansion plan by Foxtons’ C-suite team on Friday which includes using tech to increase profitability and opening virtual offices in the Home Counties and 15 cities around the UK. But Hoskyns is not the only shareholder unhappy with the company’s performance. Robin Paterson’s investment fund Catalist Partners, which holds a much smaller number of shares in the company, last week launched its own broadside against the Foxton board. A Hoskyns spokesperson told The Times: “Hosking Partners believe the time has come for radical board-level change at Foxtons.” The estate agency told the newspaper that: trading had been strong and that it “has a clear plan for growth and the board has total confidence in the executive team’s ability to deliver on the strategy”. Https://
Sold 20k at 61.50p 5 weeks ago and have now bought them back under 57p, a tiny & net 4p gain.
Management just utterly dire, using company as a pigs trough and should probably be locked up. See from article in Times yesterday 11 per cent fund holder has had enough and contacted chairman. It is a given that U.K. companies are sxxt capital destructive rubbish but this is in a league of its own management must go.
Management just utterly dire, using company as a pigs trough and should probably be locked up. See from article in Times yesterday 11 per cent fund holder has had enough and contacted chairman. It is a given that U.K. companies are sxxt capital destructive rubbish but this is in a league of its own management must go.
Management just utterly dire, using company as a pigs trough and should probably be locked up. See from article in Times 11 fund holder has had enough and contacted chairman. It is a given that U.K. companies are sxxt capital destructive rubbish but this is in a league of its own management must go.
Paul Scott mentions Foxtons (FOXT) at 24m40s in the latest piworld Interview. Watch the video here: Https:// Or listen to the podcast here: Https://
Expect a re-rating in the next couple of days, price is undervalued.
Under valued for a while imo I have a taken advantage of the weakness since the pandemic started. HOLD!
ny boy
Since the Group's Trading Update on 14 April 2021, trading momentum within the business has continued to be strong. Following a 49% increase in Foxtons Q1 sales revenue versus both 2020 and 2019, the sales commission pipeline has continued to grow and is now 65% ahead of last year and 17% up on 1 January 2021(1) . As a result of the strong trading momentum, adjusted operating profit for the first half of the year is expected to be significantly ahead of both 2020 and 2019.
bit more volume than usual and a move up!
'Fear of missing out' fuels record house prices in April HTTPS://
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:
WAZZUP People Big chunks hitting sell side, leak? BR IN BR WE TRUST RED MERCURY CREW
bad robot
Anaemic response to yesterdays results. I'm still out and haven't missed anything yet, but I could be tempted back in soon. For the moment I still have the share price in an uptrend on the 24 and 2h charts. share price is consolidating in an triangle (pennant?) formation at the moment. I'll see how that develops, but more often than not share price comes out of such formations the opposite to which it enters them. Waiting game still for me.
Boozey, Totally agree but I wish holders here luck. D
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