Foxtons Share Discussion Threads

[dt1010] 11/9/2018 16:50

Sub 50p coming

[ltcm1] 11/9/2018 10:34

Still in a downtrend, sell into the rally.

[dt1010] 04/9/2018 19:25

There will be a cash call here next year.

Holders: you have been warned.

[fred splange] 30/8/2018 19:05

Pelham calling bottom?https://shorttracker.co.uk/company/GB00BCKFY513/

[hvs] 28/8/2018 13:08

Very desireable indeed.

Buy Buy Buy lol !!!!!!!

[analyst] 28/8/2018 12:35

Estate agents Foxtons knows how to sell an area. In its blurb for “What’s So Great About Living In Hammersmith”, it writes: “Hammersmith Bridge has been subject to not one but three separate bomb attacks. In 1996, the IRA planted the largest Semtex bomb ever found in mainland Britain on the bridge at a whopping 15kg in size.”

[kendonagasaki] 26/8/2018 14:32

Alex closed short Friday.This years shorts are as follows.Barrat.Taylor Wimpy.Persimmon.Berkely.Bellway.Bond market collapse imminant and interest rates going one one way..UP!This is stage two and its hoing to be a hugely profitable one.PS. ref Brexit, Europe will collapse in the next three years!

[dt1010] 14/8/2018 08:45

There is a recession coming that May will blame on Brexit.

Foxtons has one issue that needs to be addressed over all others: it’s senior management. Nick Budden is not an estate agent. He is a finance man.

Until they get rid of the top brass and parachute in some top class aggressive estate agents to run the company, it simply WILL NOT recover.

Budden and his mates need to go.

[ltcm1] 13/8/2018 11:38

It's blindingly obvious they need to shut half these branches. This is a company so far up their own backside they can't see why they don't make any money.

Any sort of recession will wipe Foxton's clean out!

[magnetjonathan] 13/8/2018 10:43

These are large fitted estate agent A2 offices with high rent and rates
If they are not able to trade profitably from the location then none of their rivals will be taking up the lease
Also the message this would send by shutting down branches and the negative consequences would probably outweigh savings
Better off trimming staff and other cots any branch closures will be last resort

[ltcm1] 13/8/2018 09:25

Thanks DT1010.

This may be a daft question but why don't they simply cut the branches down to 40???

Presumably being in London they won't have too much trouble finding new tenants for these units.

It seems so obvious but there must be a flaw or they would be doing it wouldn't they???

[dt1010] 08/8/2018 19:16

Read this NY boy if you think the worst is over.

[burtond1] 08/8/2018 13:51

https://total-market-solutions.com/2018/08/08/british-estate-agents/

[dt1010] 08/8/2018 08:26

Figures will get worse for Foxtons before they get better

[emeraldzebra] 07/8/2018 15:55

Guess Crispin Odey will be all over this one, and others in the sector soon...! lol

[emeraldzebra] 06/8/2018 15:47

An aspect of brexit much overlooked haw meant that the pound reduces in value and makes houses much cheaper for overseas buyers. And they have been the driving force in the market up to 2014. Pockets of London are now on the rise again But will traditional agents see much of the benefit ? I doubt it. They will be screwed down to wafer thin commissions or face sellers running off to the new cheap/flat fee people.

[dt1010] 04/8/2018 12:06

The model of offices on high streets will not be sustainable ... but it’s good to be visible...so clients know you’re there...there’ll be less agents. No bad thing. There are too many anyway.

We have not seen the bottom here with Brexit up ahead.

Oh look back down we go.

No doubt NY idiot will perk up on here again when the price goes up 1p

[magnetjonathan] 03/8/2018 21:48

I said 1/3 of agencies not all of them
High rent and rates and staff costs cannot keep the least efficient alive in a low volume market with online competition as well

[superslickrick10] 03/8/2018 21:11

Totally agree that the foxtons so will go down. But to suggest that "all estate agents will be gone within 3 and a half years" is a stretch on a biblical scale.

If the suggestion was about Purplebricks however?!

[dt1010] 03/8/2018 21:02

There will inevitably be a cash call and dilution if not a private equity takeover at far lower price.

Looks like there will be no deal at Brexit.

Will hit property hard.

The party is over for at least 5 years.

[magnetjonathan] 03/8/2018 19:11

I am a property investor and chartered surveyor and have been in property for 30 years.
Agency survives on transactions and I have never known a more dire short term outlook for sales , high stamp duty, mortgage i affordability, rising interest rates, death of the private investor , Brexit and the rise of online agency all of this is the death knell for traditional high street agency
London as the economic centre of Europe has been called into question by Brexit and the seemingly endless upward trajectory of the market is not only stopped but the real value of London residential post Brexit with all the above is very uncertain
This in the short term will take a few years to settle and with buyers not wanting to get involved in such an uncertain market and sellers not feeling enough pain to accept the new reality we have a property market that is doing nothing in a low volume slow decline
This is the worst scenario for high st agency and I believe in 3 years over 1/3 of all agencies will be gone
Therefore there is only one short term to medium term outlook for foxtons and anyone who believes there will be anything but a slow decline in revenue with high fixes costs is dreaming. Cannot see a single reason to believe the value of the company will increase and see nothing but future reduced earnings and problems ahead