Foxtons Share Discussion Threads

[rochdae] 09/11/2020 16:03

Might get my 48p after all.

[purple11] 09/11/2020 14:11

fine and dandy gl

[onehanded] 09/11/2020 13:21

bid situation soon...

[srpactive] 09/11/2020 13:19

100000 buy at 37.8p just gone through, looking good.

The US futures markets up 5%, going to be some day today.

dyor

active

[srpactive] 09/11/2020 11:12

One

Yes and that would still be lower than March 2020 valuation,
but agree would get through though.

active

[srpactive] 09/11/2020 10:04

s25

Yes here is the headline in DM.

I feel the Yanks will take out foxt.

dyor

active

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BUSINESS LIVE: Markets rally as Biden wins US election; Taylor Wimpey ups profit forecasts; Estate agent Connells tables £82m offer for Countrywide

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[topazfrenzy] 09/11/2020 09:31

It's definitely coming

the Directors loaded up too recently ... all the signs are there, just the final shake before it soars imo

[onehanded] 09/11/2020 09:25

yes bid soon.... 70p would be a very cheap and would attract more and may well see 80p at the end.

[topazfrenzy] 09/11/2020 09:11

Yes and for that reason I am back in

Soros buying here is an indication of what's coming

Take out offer at 80P?

[sphere25] 09/11/2020 08:32

CWD bid.

FOXT to get gobbled up by someone soon?

[purple11] 05/11/2020 14:07

hopefully stay firmly in the 35-40p range and make a move on 40p soon gla

[purple11] 04/11/2020 08:31

no point dithering anymore im in for a few at 34

will see where we are in the spring.

could be an absolute steal here gl holders

[discodave45] 30/10/2020 10:21

Glad to see (at long last) some Directors putting their hands in their pockets.With cash equal to over a third of its mk cap it's screaming value IMO.....or a bidder.

[srpactive] 30/10/2020 10:08

Happy to hold here, I too thought the results were okay
taking into account the London situation.

dyor

[rockyiv] 29/10/2020 12:30

In 2015 sales per branch was 104
In 2019 it was 42
At the peak of 2007, it was 240 if memory does not fail
In 2013, it was 140

2015 is kind of right in terms of what a mid-cycle year would look like for foxtons, that's why i used it

I assumed that only 50% of ebitda from 2015 comes back. If I put 100% of it, then the stock trades at 1.5x ebitda

Share price 0.33
Share count 330
Mkt cap 107.3
Net cash 36.5
EV (pre-IFRS 16) 70.8

Sales 2015 149.8
Sales 2019 106.9

Cost base 2015 103.8
Cost base 2019 104.4

EBITDA (pre-IFRS 16) 2015 46.0
EBITDA (pre-IFRS 16) 2019 2.5
Incremental EBITDA 43.5

Assume half of EBITDA comes back 46.0
EV (pre-IFRS 16) 70.8
EV/EBITDA 1.5

[sleepy] 29/10/2020 11:27

Why look at 2015?

[purple11] 29/10/2020 08:24

nope, nothings rallying in this market.glh

[onehanded] 29/10/2020 07:48

wow good results. Money in the bank. Looks like a takeover target to me.

At the end of the period, the Group's cash balance was GBP43.2m, benefitting from VAT deferral of GBP3.5m and lease deferrals of GBP3.2m, part of which will be repaid in the remainder of the financial year. The Group has no external borrowings.

[rochdae] 29/10/2020 07:31

Good statement I think. The market looks forward. Figures for September are excellent up 9% on prior year. 43 million on the balance sheet and an accelerating outlook. Hope to see a move back to the high 40's.

Roch

[purple11] 28/10/2020 13:21

nope its breaking down too risky for me.gl

[hillofwad] 27/10/2020 13:51

Progress has largely been disappointing but nevertheless a number of offices enjoying profitable training

Central London has been relatively quiet amongst all the noise

Certainly the current price is a good entry and sit tight

[purple11] 22/10/2020 11:08

cant decide wether to get in for the quarterlies or not.

market is waiting for news by the look of it.

could be an easy trade back up to 40p.....but the markets so weak

[srpactive] 19/10/2020 09:37

Lets hope a close above 35.7p, could send us northwards.

dyor

active

[purple11] 16/10/2020 08:42

nope broken down im out

[purple11] 13/10/2020 08:54

well its bounced of 35 now hoping for 40p