Foxtons Share Discussion Threads

[ny boy] 08/2/2018 14:08

Seems pretty resilient considering the general state of the property market, I guess strong cash position & no debt is supportive

Will watch closely, another dip into 60’s and I will enter the game again for another go.

[anony mous] 05/2/2018 15:35

There's no lol about it.

[topazfrenzy] 05/2/2018 12:55

looking like a safe haven stock here lol

[anony mous] 02/2/2018 18:42

get exitedLol!

[ltcm1] 02/2/2018 18:11

What about the lettings income and the legislative threat?

Also as Purp grows the margins will get forced ever down imo.

A lack of debt can be a bad thing, can indicate a lack of profit to be had.

Gla but can't get exited here.

[topazfrenzy] 02/2/2018 15:22

London market to benefit once risk markets start to crash, it is the ultimate safe haven, it worked in 2009 and will do so again, get in here cheaply, no debt so lots going for it

[jockthescot] 01/2/2018 16:45

Not that they're incentivised in any way?! :)

[topazfrenzy] 01/2/2018 12:06

Douglas & Gordon are confident that prices have bottomed in Prime London, here's their latest report:

hxxps://www.douglasandgordon.com/posts/the-dg-central-london-index-q4-2017/

"Furthermore, with a degree of nervousness around the historic high levels of stock markets, and three and a half years of falling Central London property prices, investor sentiment is beginning to return: the early stage of a reverse ripple effect is seeing money come back to central London, and its solid yields, particularly in Emerging Prime. Whilst we are seeing a small decline to the Emerging Prime market, our data tells us that Prime has bottomed out."

[topazfrenzy] 01/2/2018 11:56

Bought back in today, only 3000 shares though

no debt and £18 million in cash, way more than last year

[3dwd] 31/1/2018 09:32

A straight sell in my opinion..

[ny boy] 30/1/2018 19:16

Stopped out @ break even, will keep my powder dry on this one until a clear direction, clearly no rush yet to buy in, it could be a tough year for property in a rising rate scenario. Stronger £ won't help either.

General markets maybe under going the start of a serious correction but at this stage we don't know, if it's just a 5-10% or something larger.

Wise to be cautious at this juncture

[costax1654x] 25/1/2018 21:09

I think after FFI with Massive directors buys this one is one to watch as well!

[costax1654x] 25/1/2018 21:05

I think after FFI with Massive directors buys this one is one to watch as well!

[wantage] 25/1/2018 18:49

I guess none of you have been near a foxtons office lately or spoken to them. Anyone who is long is living in a fantasy land. Corbyn, brexit, stamp duty and rising interest rates have put residential property on hold in London prime locations.The only way is down. If you don't believe me ring up a few agents in Hammersmith and Fulham and ask them about the state of the market.

[eastbourne1982] 25/1/2018 12:53

I don't hold however I thought the update was fine, cash flow looks good, I'd buy if they go back into the 60's over the next few months, I expect them to keep moving between 60p and 90p over the next year.

[nortic 007] 25/1/2018 11:12

Happy days

[anony mous] 25/1/2018 10:57

Alot of shorters will be disappointed today. Closing shorts at loss as the rise will continue.Strategic initiatives planned shortly will be positive and 28 Feb FY results next catalyst.

[ny boy] 25/1/2018 10:49

Worst is over, I recently bought the pull back, nothing in the trading statement makes me rush for the sell button. GLA

[funkmasterp12] 25/1/2018 08:38

That was already in the price. The cash generation wasn't though.

[jockthescot] 25/1/2018 08:18

Their outlook forecast is still poor according to statement

[cancun tango] 25/1/2018 07:53

In CWD's profit warning update last week, ebitda was down 22%. Foxt is down 39% in today's update.

[anony mous] 25/1/2018 07:39

Group cash performance for the year was strong, supporting a strong balance sheet with no debt. Year end cash was circa GBP18m (2016: GBP9.5m).Doubled.

[funkmasterp12] 25/1/2018 07:06

Countrywide - bloody phone.

[funkmasterp12] 25/1/2018 07:06

In line - no Countryside bump here! Should move up today given the cash generation, well done anyone buying the recent dip.

[gliderpilot2002] 24/1/2018 18:25

Good eveningWe will be announcing our trading update tomorrow 25 Jan 2018Thank you for your comments on our website- we are about to embark on an update of the site and the calendar is one of the key things to changeBest regardsJennySent from my iPhoneOn 24 Jan 2018,Dear investor relationsWhen is the January year end trading update to be announced? I had understood it was to be today.Also, could you please update the financial calendar for 2018.Kind regards_____________________________________________________________________This e-mail has been scanned for viruses by MessageLabs.Privacy and Confidentiality Notice:This is strictly confidential and intended solely for the person or organisation to whom it is addressed. It may contain privileged and confidential information and if you are not an intended recipient, you must not copy, distribute or take any action in reliance on it. If you have received this message in error, please notify us as soon as possible and delete it and any attached files from your system. The views and opinions expressed in this email message are the author's own and may not reflect the views and opinions of the author's employer.Foxtons Limited is registered in England and Wales (registered number 01680058). Our registered office is at Building One, Chiswick Park, 566 Chiswick High Road, London, W4 5BE.________________________________This e-mail has been scanned for viruses by MessageLabs.