Foxtons Share Discussion Threads

[elliotset] 27/7/2017 08:15

Cold be heading to mid 70sNothing inspiring

[jockthescot] 27/7/2017 07:43

Not exactly awe inspiring. Sadly, can see this heading lower.

[jockthescot] 26/7/2017 07:50

I'll answer my own question. Results tomorrow.

[alphahunter] 29/6/2017 15:54

Lol.
But no, that's a general top down sweeping statement.

Alpha

[dt1010] 27/6/2017 16:57

Er yeah...all of them.

[alphahunter] 27/6/2017 11:22

Any other stocks specifically vulnerable to hard Brexit or the General Election wobble?

[alphahunter] 27/6/2017 11:20

The main risk about shorting the stock is that 8% of the capital base is already borrowed. Fine if you can live with that or have a tight risk management tool - like a SB with GSL to avoid being done in an overnight gap.

[jockthescot] 27/6/2017 08:54

When are the results here guys? Thanks

[dt1010] 26/6/2017 15:05

Nor me.

Still has an mcap of £245m

That means the market is valuing it at £3.65m PER OFFICE.

Totally unjustified.

Worth 60-70p IMO

[opodio] 26/6/2017 14:58

Won't be surprised if shorts will rip its legs off

[dt1010] 26/6/2017 14:54

NY that's your stop gone at 90p

What a shambles. Glad I steered clear.

This could really go bust unless sales market picks up

[dt1010] 26/6/2017 10:45

Well not gonna get better before it gets worse that's for sure

[opodio] 26/6/2017 10:22

Back is broken

40p here

[dt1010] 23/6/2017 09:40

The lettings fee abolition and the low sales transactions in those core areas is a perfect storm for an undoubted profit warning here before long.

One profit warning RNS pre open and these will open at 70p

Not worth holding them for that one reason.

[tarrant777] 23/6/2017 00:46

The core central London market in which Foxtons operate is in melt down.Additionally, the government are obviously hell bent on abolishing fees charged to tenants which will have undoubtedly added millions to Foxtons revenue/profits in recent years.Looks a solid intellectual short.

[dt1010] 22/6/2017 07:23

They say they'll get you more, lock you in to a 3 month agreement and gradually reduce the price...to what you would have got had you gone to another cheaper agent.

Dinosaur agent business model.

[dgarvey] 21/6/2017 22:24

Having just listed a property in Richmond I was surprised at the 2.5% sole agency fee Foxton quoted. All the other agents quoted 1 - 1.25% and one would have to be stupid or desperate to chuck away 10-15 grand unnessarily to achieve a sale. It's not as if they offer anything the others don't so I suspect that they may struggle to find listings in a downturn.

[dt1010] 21/6/2017 21:54

Have to say NY why hold on...

This is gonna get worse before it gets better

Of that I have not a shread of doubt.

[mr hangman] 21/6/2017 11:28

Fools and their money are easy parted

[ny boy] 21/6/2017 10:56

DT

It's at 90.75p as support is at 92p

If I get stopped out, not that important as bought in early 90's

If the share price drives lower I will look to take advantage of a lower entry level

[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.