Foxtons Share Discussion Threads

[alphahunter] 14/9/2017 01:29

No Europeans in Foxton's book of willing buyers in my 'hood I woz told, coz banks in Canary Wharf not so sure anymore about bringing over the EU passport-carrying folks. BTW, we aint never had no oily Sheikhs nor hitman Russians in our gentle leafy area.
So yeah, Brexit and the General Demotion on top of the valid points raised by DT1010.

[alphahunter] 14/9/2017 01:10

Shorted a while back but added a Guaranteed Stop Loss at 10% with IG just in case...

[dt1010] 13/9/2017 14:37

Er no it is isn't. It's stamp duty and drying up of a lot of money from China and the Middle East and Russia. By drying up I mean controls over shifting currency out of those countries into foreign assets.

[hybrasil] 12/9/2017 15:55

its just brexit.

[dt1010] 11/9/2017 13:37

Target has gotta be 50p lovely ;)

[alphahunter] 11/9/2017 10:32

The issue with a short position in a portfolio is that you need to add to your position to keep a constant weighting if it moves in the right direction, unlike with a long position, when you just have take profit :-))

[dt1010] 08/9/2017 18:20

This arrogant dinosaur is doomed.

[alphahunter] 07/9/2017 16:23

60% of positions in FOXT on IG are short.

[dt1010] 07/9/2017 08:54

All sales is!

[diku] 05/9/2017 22:34

Estate Agency is all about mind manipulation...

[dt1010] 05/9/2017 17:46

Yes diku. To make out their fee is affordable.

They lock you into a 12 week agreement...

And chip away the price!!

70p coming.

[jockthescot] 05/9/2017 06:27

And double the fee!

[diku] 04/9/2017 23:19

Get a local high street Estate Agent to value a property...and then get Foxtons to value the same property...Foxtons valuation will be at least 10 - 15% higher than the others...just to win vendors (seller) instructions!!...

[dt1010] 29/8/2017 20:34

No appetite for MBO at these prices.

Will need to crater first.

Then bounce.

No sign of improvement in London trading yet. None.

[ltcm1] 26/8/2017 14:47

Maybe a bunch of the branches need to go on the market!!!

[hillofwad] 25/8/2017 11:20

I wonder what level it would need to be before an MBO is on the cards backed by yet another VC and the h whole band strikesup once again

The major fee earners have little stake in the business and from a personal level are treading water

The current share price still breaks back to about £370k per leased branch Maybe £300k might be the level ie about 70p share price ?

Cerainly a dfrift down below 80p during the next few months

[dt1010] 25/8/2017 09:51

65-70p

But going lower defo.

[opodio] 23/8/2017 21:56

50p coming when they warn

[ny boy] 11/8/2017 10:41

Alphahunter.. he's the one that bought the 125yr leasehold one right? these developers actually did well, paid £10M,spent £3M + ancl. Costs - sold £21.250M.

[ltcm1] 10/8/2017 10:56

Unfortunately I too see another sharp leg downwards for Foxt and 40p could be the next destination over the next few months.

It does seem the perfect storm is hitting Foxt and the business could have to undergo a restructuring of some kind.

[dt1010] 09/8/2017 21:09

NY BOY

there is no recovery in London. Please believe me. Why would I lie to you?

London is shagged. The whole market. And it will get WORSE before any recovery.

This share is DOOMED to go far lower.

You are crazy to expect otherwise.

I know the head of Marsh and Parsons personally. I know senior people at Foxtons. I know senior people (equity) at KF and Savills.

Put it this way. I will post on here when improvement is real. And that ain't yet.

[alphahunter] 08/8/2017 13:52

I know the buyer in Belgravia: he's a hedge fund manager who's been adding to his already successful short position in Foxtons.

For the more fundamentally minded, the brokers' forecast are being cut right left and center.

[ny boy] 07/8/2017 12:28

2 big deals (£20M+)in Belgravia done in recent weeks, signalling a bottom in the luxury housing market, should improve sentiment over time. Still loads of luxury parts unsold though, prices just have to reach a level to get them away, buyers are around if the price is good but they are not in any rush.

[albanyvillas] 07/8/2017 11:59

In the top 10% of the PCL market, where prices average £6,515,594 and where Stamp Duty has doubled on average, prices now stand 8% lower than in Q3 2014

[dt1010] 04/8/2017 17:30

DEAD CAT NY nothing more nothing less.

London has shown no trading improvement s d no propect of one any time soon.