Foxtons Share Discussion Threads

[topazfrenzy] 28/12/2016 11:47

diku, this is old news for stock market investors, all baked-in here, the rally will start with the stock market first, and it'll catch every doom-monger out, and fast.

Foxtons valued at 250 Million is absurd considering it has no debt and is profitable even in difficult times, it'll hit a $1 billion valuation in 3 years imo, or be taken over.

People underestimate the wave of middle-class Asian buyers who will keep pouncing on London as their first choice, this trend is only just beginning according to some property analysts, only the tip of the iceberg of Asians wanting to get their money out into 'safe havens' like London.

[diku] 27/12/2016 11:18

Dramatise it...prices in parts of London collapsed as much as 13%!!...considering they have risen near 60 - 80% over the last 7 years!!....


LONDON — House prices in parts of central London have collapsed by as much as 13% over the last year, according to new figures from property consultancy and advisory Knight Frank.

[dlku] 27/12/2016 10:59

Asking prices crash for homes in Camden as expensive London areas struggle
Rightmove said house sellers in London slashed asking prices entering December.
Shane Croucher By Shane Croucher



General view of Camden High Street, London: Camden saw the largest fall in asking prices on homes of all the boroughs in London during DecemberiStock
Asking prices on homes are crashing in the London borough Camden, according to Rightmove data, as the priciest inner city areas feel the heat of stamp duty rises and Brexit uncertainty.

[topazfrenzy] 27/12/2016 10:39

I think Foxtons could well be one the big winners in 2017 when revenues beat, the market has priced in the bad news and it's just biding time for now. No debt of course and still paying a dividend as far as I know. I see a 50-100% rise from here in the next 12 months.

[loveandmoney1] 23/12/2016 07:58

LONDON — House prices in parts of central London have collapsed by as much as 13% over the last year, according to new figures from property consultancy and advisory Knight Frank.


buyers will be out soon after correction plays out?

[ny boy] 22/12/2016 15:13

Added a few more at 100p

[ny boy] 09/12/2016 12:46

Due diligence carried out shauney2, cash pile, no debt, probably see them take out some minnows next year. It was these or purple bricks, I hate the latter name, pretty naff.

[shauney2] 07/12/2016 12:18

Make your mind up mick

NY Boy
24 Nov '16 - 08:17 - 918 of 936 0 0
Dead cat bounces to 1p

[ny boy] 07/12/2016 11:35

I guess as these have no debt and a potential take over target next year I bought some at 100p as a spec. punt

[topazfrenzy] 04/12/2016 10:50

London will prove itself as the only investable big city in Europe just about, with Italy on the verge of a major shift, even Euro money will have to flow into London.

The EU is looking like a doomed zone, expect money outflows from it and inflows into London property and the Pound.

I'm buying on further weakness here, as the no debt situation is what makes Foxtons a good investment at this stage, not to mention the dividend. Cash flow should be fine too, ticking along nicely. When this turns it will in a big way imo.

[ny boy] 02/12/2016 14:42

I see next year being rather challenging, unless Hammond reduces SDLT rates in the next budget, seems unlikely though, I think May doesn't want to be seen as being too friendly towards the wealthy, I mean if you can buy a property over £5/10M what's the whingeing about!

[kendonagasaki] 01/12/2016 18:43

Alex I see 78p as my closure minimum unless the housing market crash quickens!

[alex1621] 01/12/2016 11:26

Hi KendoBe careful when it turns, as it surely will. This sector could present a very successful 3-5 year turnaround if you can get in around the bottom of the cycle. I don't believe that is now though. Good luck.

[kendonagasaki] 01/12/2016 01:38

Hi Alex.Short on Foxtons, Savilles, INTU and countrywide.You know fully well I expected a Brexit and know the property market has just started its downward trajectory path.Been a great short so far on all of these and I see further falls all around.

[topazfrenzy] 30/11/2016 22:16

NY Boy

Sorry but you probably know very little about the London property market, do you/have you ever owned property in the capital? It is something I actually understand very well, having dealt in it since the late 80s, and on behalf of many clients!

London is seen as the safest haven of the lot, along with Switzerland, if it collapses then the whole world collapses, not to say that corrections do not happen of course, never exceeding 20% with recoveries happening very fast thereafter.

The collapse that some keep predicting ain't happening, whatever the doom mongers keep repeating every year. You'll find that every ten to twelve years London doubles, it is a market that is funded a great deal with cash and is not reliant on mortgage finance for many.

As for the Asian middle classes, what we have seen over the last ten years is only the beginning. London is at the top of their desirable list for real estate purchase, this is set to grow.

Please do some proper research before spouting out ignorant suppositions.

[ny boy] 30/11/2016 13:38

Hello out of 14,000+ property over £1M inside the M25..0nly 300+ have sold lol! Plenty that need to sell and buyers don't need too buy, they can wait for lower prices over the next year or two London real estate is a huge asset bubble, probably the biggest asset bubble in the World, prices have a long way to drop yet.

[alex1621] 27/11/2016 13:30

I suppose I agree with both of you. London prices will pick up as will sales volumes, but with Brexit concerns, interest rates increasing, and an uncertain economic outlook today might not be the best time to be loading up ... the best time to buy might just be when the doom and gloom has peaked ... in my opinion, that is not now. For now, a sector for the watchlist.

[topazfrenzy] 27/11/2016 11:59

NY Boy

Sales in London will pick up, in fact it is the only safe haven in Europe as far as property, it is the only international market, maybe with a smaller version in Switzerland. Foxtons is part of the agents that service that market, they also service local demand, and they have rentals that are strong and recurring.

Markets look ahead not behind as you know, at this time the market is undecided, the bad news has been baked in I believe and the market is overreacting, this company makes a profit and has no debt. So I am certainly looking forward, this will soar very fast when things get going again.

Just look at Anglo American, Evraz, Kazakhmys to realise how things turn when the money floods back into hated sectors. Foxtons will come back big time imo.

[ny boy] 27/11/2016 11:37

How can sakes pick up, central London has fallen and stagnation has set in, outside areas are following, no stamp duty reduction which some were expecting last week have not happened, interest rates will rise the end of cheap money has arrived, all of this is bad for property as an asset. Fee income will deteriorate further, they have huge branch over heads too, a sell in my books.

[topazfrenzy] 27/11/2016 11:07

(... as for Zak Mir, all his predictions should be ignored, he just talks rubbish all the time and only relies on PIs following his lead for him to cash in. Companies like Foxtons do not fall within his pathetic radar on the whole, sorry.)

[topazfrenzy] 27/11/2016 11:04

I find it funny how people's personal judgments on the property market cloud the investment case for Foxtons.

This share price is super cheap and people should be loading up in my view, Foxtons is a huge brand in London and the South East, with no debt and an excellent business model that delivers. When sales pick up again the share price will storm up, as the rental side ticks along nicely in the meantime, contract fees or not. This fee is a recent introduction in the rental market in London and therefore the main business model is not really reliant on it. They charge and get more than the others for finding tenants, at 11%, and of course more to manage properties.

The share price may of course go down further, but to be loading up at these levels for the upward journey to £3 is for me the thing to do now. This company is worth more than £1bn at the end of the day. I for one will be looking forward to the dividend being reinstated at some point.

[alex1621] 25/11/2016 18:02

You on here too Kendo? This one's on my watchlist for later .. but not just now.

[kendonagasaki] 25/11/2016 08:07

Shocking news from countryside but not overly surprised.Foxtons, Savills, Countrywide all in trouble and all are falling.American markets close at 1pm today so keep an eye out.