Foxtons Share Discussion Threads

[ny boy] 08/3/2018 12:42

Definitely imho not the time to be an estate agent, unless you can work out of very low overheads, can build an online presence and can become a niche player and have plenty of cash. Maybe better to build an app in the industry that could be useful.GL

Here we can go to 90p short term if volumes build into spring.

[ny boy] 08/3/2018 12:18

The housing market will deteriorate dramatically once rate hikes kick in, causing much lower prices, no demand all those that got sucked into new developments are suffering or walked away losing deposits. The attraction from foreign buyers has gone, brexit is not good news and the real effects won’t come though until 2020 onwards, I would say a 5-7 year slump in house prices.

Still I hold Foxtons as no debt and perfectly placed to gain market share as other agencies fail, FOXT have a decent lettings business.

[shaunie1] 08/3/2018 11:29

The downturn in housing market activity accelerated in February, indicating that the stimulus to demand from the Chancellor’s stamp duty reforms has been outweighed by the prospect of further increases in interest rates. The new buyer enquiries balance fell to -16, from -11 in January, remaining below zero for the 11th consecutive month. Demand hasn’t fallen for such a protracted period since the 2008/09 financial crisis. We fear that demand will continue to fall rapidly over the coming months, as new mortgage rates pick up. Wholesale funding costs have increased this year and the Term Funding Scheme no longer is subsidising new lending. Prices, however, are being shored up by tightening supply; the new sales instructions balance fell to -14—its lowest level since July 2016—from -17 in January. As a result, the stock of homes for sale per estate agent fell to a new record low in February. The strong labour market means that few homeowners are being forced to sell their homes in this weak market; as a result, house prices should hold steady, not fall, this year. from friends at Pantheon...

[ny boy] 08/3/2018 10:23

resistance 83.38, 92p & 100p

[f15jcm] 08/3/2018 10:15

Hunters Property (HUNT) looks like a much better buy to me. P/E ratio: 12.13, revenue and earnings heading in the right direction. Also, they're not focused in London where the UK market is at its worst.

[blackbear] 07/3/2018 20:59

I got lucky closing a profitable short at 74 as I needed margin elsewhere. I thought 65 was nailed on... I might get short again tomorrow 85 is at its short term channel, the housing market is hard going, can't see further rises here.

[ny boy] 07/3/2018 18:37

Yeah me and a few others want higher

[shaunie1] 07/3/2018 17:05

well should certainly shake the shorts a little, i must admit i don't understand why the aggressive ramp on no volume...this stock after the recent down move should be a little stagnant, so either someone has a axe or someone thinks they know something....makes it interesting - if a little expensive for little old me

[ny boy] 07/3/2018 16:49

It’s a stock to buy on the dips and hold now, see the difference between traditional and online, PURP, heading down, investors realise there is value in Foxtons, no debt and a likely takeover candidate going forward, should start to head back to 110p + in Q4

[funkmasterp12] 07/3/2018 16:04

Sudden bump?

[ny boy] 07/3/2018 12:11

Added a few more this morning

[shaunie1] 06/3/2018 20:09

cheers my friend

[f15jcm] 06/3/2018 20:03

Click the 3 horizontal lines at the top left of the chart and then click 'market data'.

[shaunie1] 06/3/2018 18:27

by the way I'm on IG where do you see that info re how many shorts / longs if i may ask , only been with them a month of so///

[shaunie1] 06/3/2018 18:26

cheers f15jcm , I'm playing purely on results and fact the 10% gain after was on jack and smelled of mkt maker playing, but people that short cld pose me problems lolol

[f15jcm] 06/3/2018 16:57

71% of IG spreadbets are short.

[ny boy] 06/3/2018 11:52

No debt, keeps investors interested, plenty of buyers around for this stock, especially on each pull back.

Don’t rule out a takeover later in Q4

[kmann] 06/3/2018 10:43

More new houses, help to buy, brexit exodus, all makes the london scene look even more unattractive and overpriced. As for foxtons, trading at 40 p/e? Hardly a growth stock! The bots will take one look at that and sell it imo.

Difficult seeing how this can go higher from here. Low volume too. Peel Hunt 55p, about right.

[ny boy] 05/3/2018 20:05

Watching carefully, could see a big breakout from here

[chinese investor] 05/3/2018 17:23

Great Day !

[shaunie1] 05/3/2018 17:19

someone very badly wanted this stock above 80 by the close / drove it further in closing auction....no news out ....so it seems a little odd and a stand out / looks like a bit of mkt maker manipulation ...still lets wait and see with tues price action...

[ny boy] 05/3/2018 17:05

Very strong move today, sumin up, bottom in again 73p Not added but still got half a holding but looks like I will have to double up here

[ny boy] 02/3/2018 12:50

Still not back in with a fresh purchase, just waiting to see if 73p holds, if not 67/68p area but not sure if it goes that low.