Foxtons Share Discussion Threads

[porsche1945] 07/6/2021 14:39

Management just utterly dire, using company as a pigs trough and should probably be locked up. See from article in Times yesterday 11 per cent fund holder has had enough and contacted chairman. It is a given that U.K. companies are sxxt capital destructive rubbish but this is in a league of its own management must go.

[porsche1945] 07/6/2021 14:37

Management just utterly dire, using company as a pigs trough and should probably be locked up. See from article in Times 11 fund holder has had enough and contacted chairman. It is a given that U.K. companies are sxxt capital destructive rubbish but this is in a league of its own management must go.

[tomps2] 03/6/2021 08:34

Paul Scott mentions Foxtons (FOXT) at 24m40s in the latest piworld Interview.

Watch the video here:

Or listen to the podcast here:

[paulisi] 03/6/2021 07:02

Expect a re-rating in the next couple of days, price is undervalued.

[ny boy] 03/6/2021 06:52

Under valued for a while imo

I have a taken advantage of the weakness since the pandemic started.

HOLD!

[tole] 03/6/2021 06:06

Since the Group's Trading Update on 14 April 2021, trading momentum within the business has continued to be strong. Following a 49% increase in Foxtons Q1 sales revenue versus both 2020 and 2019, the sales commission pipeline has continued to grow and is now 65% ahead of last year and 17% up on 1 January 2021(1) . As a result of the strong trading momentum, adjusted operating profit for the first half of the year is expected to be significantly ahead of both 2020 and 2019.

[harleymaxwell] 02/6/2021 00:42

bit more volume than usual and a move up!

[strollingmolby] 10/5/2021 13:52

'Fear of missing out' fuels record house prices in April

[tonysss13] 23/4/2021 09:12

hxxps://www.betaville.co.uk/betaville-intelligence/uncooked-alert-foxtons-said-to-part-2/

UNCOOKED ALERT: Foxtons said to ... - Part 2
Wednesday, 21 April 2021, 4:08 pm
Catalist Partners, the activist property investor, is rumoured to be looking at Foxtons, the UK-listed estate agent.

People following the situation have heard rumours Catalist was the firm examining Foxtons back when the original takeover rumours were first on Betaville Intelligence in February.

However, it's not clear whether Catalist is interested in initially buying a large shareholding, it recently disclosed a 2pc holding in Foxtons, or considering an offer for the whole company, said these people following the situation.

Catalist, which was co-founded by entrepreneur Robin Paterson, has a strong track reocrd of taking activist positions in London-listed property companies and agitating for change.

The firm bought a sizeable holding in Countrywide and led an attack against the company's management, which eventually resulted in a sale of the business to rival Connells for £134 million in February.

Foxtons is currently buying back shares, purchasing 50,000 shares on April 20 as part of a share buy back scheme launched in December 2020.

That would suggest that, if Catalist is interested in an outright buy-out of Foxtons, it hasn't yet approached Foxtons about a deal.

Catalist didn't respond to requests for comment from Betaville.

To be clear, the above story is UNCOOKED. In case you don't remember I have pasted the definition of UNCOOKED below:

[bad robot] 21/4/2021 15:16

WAZZUP People

Big chunks hitting sell side, leak?


BR
IN BR WE TRUST
RED MERCURY CREW

[stupmy] 15/4/2021 07:20

Anaemic response to yesterdays results. I'm still out and haven't missed anything yet, but I could be tempted back in soon. For the moment I still have the share price in an uptrend on the 24 and 2h charts. share price is consolidating in an triangle (pennant?) formation at the moment. I'll see how that develops, but more often than not share price comes out of such formations the opposite to which it enters them. Waiting game still for me.

[dennisbergkamp] 15/4/2021 00:11

Boozey,

Totally agree but I wish holders here luck.

D

[boozey] 14/4/2021 23:22

I am already in from long ago Dennis - but I agree with you in principle, and institutional investors have a high moral compass these days too - witness the disaster of an IPO at Deliveroo. If you disregard investor sentiment it will come back to haunt you. Budden is clearly either too thick, too arrogant or too pig-headed to care (or a bit of all of them). I also lay blame at the door of the Non-Exec team here too. What were they thinking of allowing this mess. Anyway rant over! :)

[dennisbergkamp] 14/4/2021 22:56

Ethically, no way I can invest in this.

D

[boozey] 14/4/2021 21:53

I see Budden took £1M bonus for Foxton's performance in the last financial year - during which the company took government financial support. Absolutely outrageous. The Non-Execs should have advised him not to take it or resigned in protest. Too many Non-Execs are nodding dogs. Budden should be fired for being completely insensitive to the point of ignorance. Let's hope some of the bigger investors, or even Soros, put him straight. No wonder the share price retraced today.

[ny boy] 14/4/2021 06:44

Should see strong gains after those nos, definitely v happy with all my accumulating over the dark days of the pandemic it’s been a tough winter but the outlook looks much better.

Not long before we are in triple digits again

PURP has just started a move higher so strong holds for that and here. GL

[deeppockets] 14/4/2021 06:32

Q2 last year must have been dreadful so beating H1 2020 is easy! From what I hear property market is booming so should be good news for next few months

[farrugia] 14/4/2021 06:24

'As we look forward, the strong trading momentum is expected to continue through the second quarter and together with tight cost control gives us confidence that operating profit for the first half will be significantly higher than last year".'

[paulisi] 14/4/2021 06:11

Excellent trading statement.Should see a jump this morning.

[bad robot] 13/4/2021 19:39

Genuine Gamblers


BR has a 150p target on the Fox. Loaded 90K shs sub 60p.

Enjoy getting rich together with BR's Crew.

BR
IN BR WE TRUST
RED MERCURY CREW

[stupmy] 09/4/2021 11:30

I'm out again for the weekend. I thought it would move to at least 70p, but am happy to be out at a good profit again. Who knows, I might get another entry next week!!

[ny boy] 09/4/2021 08:47

Big move up to 100p + underway, stay patient as always

[nr 1] 06/4/2021 19:00

London estate agents cheer busy first quarter, helped by the stamp duty holiday
A stamp duty holiday has contributed to a number of estate agents experiencing a busy period

A stamp duty holiday has contributed to a number of estate agents experiencing a busy period / Dominic Lipinski/PA
By Joanna Bourke
4 hours ago
A
number of London estate agents have reported a strong performance in the first quarter, during what buyers originally thought was the last chance to get the stamp duty holiday.

A suspension of stamp duty on property sales of up to £500,000 had been due to finish at end of last month, but in the Budget in early March the deadline was extended to June 30.

Guy Gittins, chief executive of Chestertons, which has 31 branches across the capital, said the start of the year was off to a “incredibly strong start but really accelerated and set new records in March”.

He said his offices last month conducted twice as many viewings compared to March 2020, offers increased by 71% and the number of exchanges more than doubled.

However, part of March last year was hit by the lockdown starting, and the market effectively beginning to largely shut down until May due to the covid crisis.

[tole] 02/4/2021 13:23

https://citywire.co.uk/funds-insider/news/the-expert-view-foxtons-atalaya-mining-and-next/a1489549Peel Hunt upgrades Foxtons as London market recoversBroker Peel Hunt has upgraded estate agent Foxtons (FOXT) on the back of a recovery in the London residential property market.Analyst Sam Cullen upgraded his recommendation from 'hold' to 'add' and nearly doubled the target price from 36p to 70p on the stock, which closed up 0.2%, or 0.1p, 63.7p on Thursday.'With the London sales market in recovery, we increase our estimates and upgrade our recommendation. Foxtons remains the purest way to play recovering transaction volumes in London,' he said.He added that the acquisition of rival Douglas & Gordon looked like 'a good fit'.'Our new estimates could prove too low given the market's current momentum and operational leverage in the business,' said Cullen.'The balance sheet remains in good shape following the equity raise, and further M&A is possible in the latter part of the year.'