Foxtons Share Discussion Threads

[dt1010] 04/7/2016 19:01

look at inland homes - what a drop!

[rubberbullets] 04/7/2016 15:41

MARKETSUK construction output falls at fastest pace since ’09 – Markit
6 hours ago
URL
Twitter


Britain’s construction industry suffered its worst performance in June for seven years and has slumped into contraction territory, a closely-watched survey of activity has suggested, as the sector was rocked by uncertainty over the outcome of the EU membership referendum.

The UK construction purchasing managers’ index dropped to 46 for June from 51.2 the previous month – economists had expected it to fall to 50.7. Any reading below 50 indicates contraction. Just over 80 per cent of responses were received before the result of the referendum, writes Nathalie Thomas.

The fall in the PMI was triggered by a steep decline in residential building work while the commercial sector was also hit. The result is the worst PMI reading since June 2009 and the first time the index has fallen below the crucial 50 mark since April 2013.

[dt1010] 02/7/2016 08:10

Snore NY big snore.

WE KNOW.

[ny boy] 01/7/2016 13:02

Party well and truely over as prices in central London collapse, no buyers, foreign buyers now being put off by being viewed as unwelcome here, who is going to gp uy all these luxury flats, 50%+ drop needs to clear the stock levels that are piling up. Developers are getting desperate to get rid of stock, just too many developments, only the best located, best designed and best discount offered will sell.

Going to be very difficult period ahead. Yesterday's news that UOB of Singapore have stopped lending to London, will see other banks globally follow to protect their lending books. No foreign buyers, the perfect storm for a market crash, London was perceived to be a safe haven but with a current account deficit running at 6.5%+ and unwelcome comments from some, you can see foreign buyers looking elsewhere globally.

This is just another asset class imploding, just like what happened in the energy/commodity sector.

[ny boy] 30/6/2016 07:38

Brexit: Singapore bank UOB suspends London property loans

[dt1010] 28/6/2016 18:56

25p it is then chap.

[rubberbullets] 28/6/2016 14:16

i make it 29p target dont know where you getting 25p from mate

[dt1010] 28/6/2016 13:55

I can see this dropping to 25p over the next 2 years.

Mortgage rates won't kill this. General property market sentiment will. The market is now contracting. No one is buying. No one with a brain in their head anyway.

The hubris this arrogant aggressive company has traded on for so long is finally quite rightly coming home to roost.

It cannot survive on lettings alone. And the sales market is dead where it operates.

So the outcome is inevitable.

[ny boy] 28/6/2016 11:32

Wait until they have to normalise interest rates in a year of two. Trap door opens, this is just the pre-falls.

[hillofwad] 27/6/2016 23:15

The main problem Foxtons now have is their senior staff How do they keep their big fee earners sweet The share price fall has kicked the value of their share options in to touch Do they stay or do they go Staying they can hope that the share price tanks an dthey can arrange a management buyout and the whole merry dance starts up a gain going they can cherry pick the best clients Either way the PI is stuffed this is heading for 50p in double quick time

[dt1010] 27/6/2016 17:49

They deserve to go bust

60p target for this dog. London market is shot to pieces. No one is buying!!

Lovely short so far ;)))))

[panic investor] 27/6/2016 16:03

Couldn't happen to a better company !

[tsmith2] 27/6/2016 15:15

London property bubble about to burst (if it hasn't already)..

[dt1010] 27/6/2016 13:47

65p target

[dt1010] 27/6/2016 13:42

Bad robot you are scum personified.

Everyone filter him.

[ny boy] 27/6/2016 10:19

Ok..useful 🙄

[bad robot] 27/6/2016 09:58

I am a buyer at 25p for the dead cat bounce to 49p.


Hope this helps

[ny boy] 27/6/2016 09:30

Can't see the next support level but I guess 95-100p area but agree to early for a dip but with Sterling falling could be eyed up by an overseas predator looking for value on two fronts currency and a property market recovery within 2yrs.

[apfindley] 27/6/2016 09:16

Oh well.Time to get into Gold for safety. GWMO

[tsmith2] 27/6/2016 08:29

Not one to touch

[ny boy] 27/6/2016 08:14

I have been saying these would drop for over 6 months, maybe longer, they will find a bottom I will need to check my long term charts for support levels.