Foxtons Share Discussion Threads

[diku] 15/1/2017 13:39

London is getting just too crowded...only got to look at the traffic situation.....& all the new builds still going on yet to impact....every available space used up to build then what next?...some of these new build so called contemporary apartments are match box sizes...

[topazfrenzy] 15/1/2017 12:58

Watch the money flow back into London fast:



I'll be adding to my stake here pronto.

I think a reduction of stamp duty across the board could be on the cards for the spring.

The EU has been truly trumped at its own blackmailing game, a tax haven UK means the destruction of the EU in my opinion, quickly and efficiently. There is no way Germany can keep propping up all its terminally injured neighbours, they are doomed.

[alex1621] 15/1/2017 12:37

High operational gearing is a factor to consider, can impact profits heavily when sales slow down. London property looks as if it will continue to slow ... I don't think this one has bottomed yet.

[kendonagasaki] 11/1/2017 16:26

Still a long way to fall here!

[ny boy] 11/1/2017 16:00

Glad that's out the way, used the opportunity to top up, can't see much lower now with no debt and an attraction to an overseas bidder, probably Chinese ..looking 3-5 years ahead, looking to establish a base in London to expand into Europe.

[analyst] 11/1/2017 10:15

Trading update even worse than expected.

[topazfrenzy] 11/1/2017 09:50

Purple Bricks is seen as tacky and pretty rubbish and does not affect anything other than council homes in London, properties under £500,000. Look at their offerings and you will realise that no one would touch them in the mid to luxury market. As for the one 'local expert' they have for each region of London, it's totally risible! It's quite frankly embarrassing, but it may work in less salubrious areas. In well heeled areas many people like to remain anonymous and not have to sell their house themselves etc.

hxxps://www.purplebricks.com/search-local-expert?ref=header

Anyway, I did trim a few here a week or two ago as it seemed stuck, still holding and will add when/if it goes down further as the recovery for the Foxtons share price will be dramatic. I see this much higher in a year to 18 months, once Article 50 has been served and the pounds starts to recover. The rush for London property will take people by surprise imo, as Europe will then be in a pickle and that's always good for London and Surrey.

[chiragmahe] 11/1/2017 09:31

Purple Bricks etc

[chiragmahe] 11/1/2017 09:31

is the whole estate agent sector finished?

[diku] 11/1/2017 09:21

In a slow housing market staff look for opportunities else where...does anybody know average earnings of Sales staff?...

[hybrasil] 11/1/2017 09:17

Still way overvalued

[chiragmahe] 11/1/2017 08:44

huge fall today..

did everyone sell?

[diku] 09/1/2017 10:17

50p would be good...but I think if & when the market does correct soonish then possibility drifting down to 70-80p area as capitulation...this 100p price is becoming too stale now...some sort of move up or down coming...

[anony mous] 09/1/2017 10:12

Maybe worth a punt at 50p.

[diku] 09/1/2017 09:15

I think they reading my earlier post...

[aishah] 09/1/2017 08:42

Peel Hunt downgrades to SELL. Target price 80p

[dt1010] 06/1/2017 16:32

We can hope 100p holds..

I see Purple Bricks up a lot today...hmmm...jeez I hate that business!

[ny boy] 04/1/2017 15:38

Looks like decent support here, no debt is an attraction which is supportive, let's see if buyers return this week onwards.

[aishah] 04/1/2017 11:27

Small Cap Value Report:
"My hunch is that UK property prices may have peaked now, and hence it's not a sector I want any exposure to. I'm currently shorting Foxtons (LON:FOXT) because I reckon their profits could be hit very hard, with the London market already slowing.

Other estate agents look incredibly vulnerable to both a downturn in property prices, and online disruption from the likes of PURP. I struggle to see how conventional estate agents will be able to maintain their expensive branch networks, when online competitors can so drastically undercut them on price. Estate agency has been a gravy train for years, which is hitting the buffers now, in my view."

hxxp://www.stockopedia.com/content/small-cap-value-report-3-jan-2017-my-investing-themes-for-the-year-164482/

[diku] 02/1/2017 22:09

Rather than banning the admin fees payable by tenants they could have introduced a maximum cap on the fees...say £50 or £100 max....

[larva] 02/1/2017 21:45

Is this one finished

[dt1010] 01/1/2017 22:15

I have revised my thoughts on this.

I don't see 50p. I see around 100p being the bottom.

IF the right win a french election or a german election next year, London prime will be seen as a safe haven from a collapsing euro.

There are - I happen to know for a fact - no signs of a turn around in London prime now. Some deals are being done - but very thin on the ground. Top people are being culled in agencies at JLL and KF..the pain is clear to see. It is VERY tough to be a prime agent in London right now.

But I think we have seen the worst now.

I am a buyer at these levels, scaling in, not all at once.

One to tuck away though that will look like a shrewd buy in a years time I reckon. I have already bought some. at 101p.

Not betting the farm.

HNY!

[ny boy] 29/12/2016 09:42

Me too, I know a few of the people in the industry

Foxy is considered good value at around 100p..if 80p was offered I would double my stake.

[topazfrenzy] 29/12/2016 09:35

80p would suit me fine, I'd like to add at those levels and then forget about them for a year or two ;)