Foxtons Share Discussion Threads

[dt1010] 20/6/2017 19:27

Market is very tough everywhere in Foxtons patch. V few people buying. Floods of stock. Investor appetite hugely diminished.

It's a mess.

NY your stop loss kicks in at 93p I remember you saying.

This will go well sub that.

Glad I steered clear.

70p on next profit warning anyone? Can see it happening. The electoral result has shagged the market even further.

Too much uncertainty stops people from buying. Or wanting to sell into weakness.

[alphahunter] 20/6/2017 16:57

We live in an area typical of Foxton's market. High end apartments and houses are not shifting at the moment. Hammond's renewed talk of taxes does not help either.

Best bet might be to invest in flats with broken windows in Belfast, courtesy of May's weak and wobbly government - and deport all those (b)re(xi)tards over there.

[ny boy] 19/6/2017 17:10

No sign they want to take this lower at present, must be sumin brewing on the long side trade. Happy holding

[blueball] 18/6/2017 16:21

stay in cas h.

[opodio] 18/6/2017 10:53

lease liability on all those shops must run into tens of millions

[hillofwad] 18/6/2017 10:47

Edward Foxtons the brand created by Jon Hunt and his cohorts who have long since departed is severely weakened Some of the cohorts immedaitely y after trousering millions moved into other London practices built them up and some of them have been acquired by CWD for fancy prices Rinsea nd repeat and the original Foxtons agents trousered many nore millions and you say they aren't entrepreneurial

Salarymen they ain't looking out for the main chance Just have a word with the lads at BTW Shiells in Belfast who have made a right old game of it taking millions off VC's and those buying listed agents Bought out by LSH for many millions some time ago brought the practice back a few years later for SFA built it back up and sold back to LSH now a part of CWD for another fancy price Sitting on millions collecting their salary waiting for the opportunity again n to pick up their old practice again for SFA when CWD sell LSH

[edwardt] 16/6/2017 16:18

off to the pub now so no more. I bet I lose my shirt on this idea!

[edwardt] 16/6/2017 16:18

if they are ambitious then they should be kept and paid on decent commission. Most won't understand equity, they will only care about paying their mortgage and keeping a job. If they are entrepreneurial, what are they doing being an estate agent in the first place? If they leave and steal client lists, they should be sued for data theft. Private equity may screw it up but they love a leveraged deal cos they get lots of 'carry' if it works.

[hillofwad] 16/6/2017 16:06

Edwards
So you think that an ambitious entrpreneurial estate agent who missed out on the bonan za when Foxtons first sold as they have long gone with a client list they have cultivated will be just content with keeping their jobs without a big slice of the action whilst the shareholders take all the money

It isn't how it works when equity awaits elsewhere and they can simply leave clients in tow

[mr hangman] 16/6/2017 15:20

Hardly surprising Edwards children don't listen to him, they know the internet is the future, there is a reason why PURP is on a PE OF 540, posters were saying the same
things about ARM on a PE600, the future for Estate Agents is not the high st

[chiragmahe] 16/6/2017 15:02

Shorts are probably over 7% now, the whole sector is up except do tons.

[hillofwad] 16/6/2017 13:48

Edward So you would pay £300m + to take on the liability of some very expensive leases and how are you going to reward the main players who are at street level earning the fees . Offer them some share options? Remember they dont own the business business and unlikely to benefit from an M&A

You can guarantee as soon as the cheque is cleared the star players will be disapearing next door to Gazump & Gazunder offered some equity and taking the clients and business with them

[edwardt] 16/6/2017 13:03

i do think my ideas are great but as a mere punter my opinion has little weight. Even my children don't listen to me! i guess private equity chaps have minds of their own and i hope someone somewhere is putting it forward to some investment committee where the expensive suits may get their cheque books out.

[ny boy] 16/6/2017 12:37

Edwardt.. why don't you set this up, I'm an investor in such an operation

[edwardt] 16/6/2017 12:28

fwiw if I was a large private equity house I would do a m&A spree buying listed agents, take them private, strip costs , use scale to squeeze rightmove and then re-float in 5 years time when housing activity picks up..

[edwardt] 16/6/2017 12:11

fwiw purplebricks trades on a p/e of 540 2019 expected earnings. its market cap is now past the sum of foxtons, countrywide and lsl combined. Its share of the uk market is less than 4%. As the americans say, go figure!

[mr hangman] 15/6/2017 11:12

Can't imagine anyone wanting to buy into any high rise blocks in London at 750/-+
a pop, after yesterdays events

[ny boy] 15/6/2017 10:48

No still here as my stop is 93p

Not planning to sell so may get stopped out, its around where I bought so if the market doesn't agree with me,I will get stopped out, sorry not posted on here as been busy making a lot elsewhere.

Trade without emotion.

[dt1010] 12/6/2017 09:06

I don't think there'll be a crash in prices to be honest....

Sentiment is shyte but pricing won't crash

Revenues will shrink further here though due to transaction levels dipping further and lettings fees drying up.

Foxtons could go to 60-70p on the next profit warning.

Where's NY? Me thinks he's bailed out.

[chinese investor] 12/6/2017 08:28

I'm waiting and watching.

[ade45] 12/6/2017 08:24

Softer Brexit = more population growth = higher house prices

[astute person] 12/6/2017 08:22

Prof - I'm going to the Maldives for the next 6 weeks - what's the weather going to be like?
Thanking you in anticipation.

[john ross ewing] 12/6/2017 07:29

Ignore pettigrew.

His only use on these threads is as a weather forecaster.

[chinese investor] 12/6/2017 07:22

I expect you'll be needing to sell your Barratts terraced house after your disastrous investment in LEG !