Foxtons Share Discussion Threads

[stupmy] 09/4/2021 12:30

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 09:47

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

[nr 1] 06/4/2021 20:00

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 14:23

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.'

[mcmather] 01/4/2021 21:19

Sales appear to be going extremely well based on data from their website. FOXT are also one of the founding members of Boomin, which "officially launched to the public on 2nd April 2021", and which will hopefully assist;

[js2021] 31/3/2021 04:14

Out of interest, why?

[js2021] 31/3/2021 04:13

Check out the annual report.CEO targets were lowered during the year to ensure that once again he gets almost full bonus for more poor performance. Total package almost £1m... essentially 1% of revenue. Meanwhile market share keeps dropping in both sales and Lettings.Sheer madness.I haven't bothered looking, but I would guess he's pulled out a good £10m over the years. Pretty good result for running the business into the ground!

[mcmather] 30/3/2021 08:34

Looking good.

29 Mar 2021 - "The pandemic property boom has driven mortgage approvals up nearly 40 per cent on the 10-year average, according to official data";

[ny boy] 30/3/2021 08:27

Added more recently, I mean you just have to have these beauties

[stupmy] 29/3/2021 08:07

The chart AH, the chart. And it's come back to 59. I'm watching to enter.

[onedb1] 27/3/2021 12:52

Am unchanged after this week. The recent highs will get retested am quite sure. Been on a very good ride here and only looking at these on a weekly basis

[ah1990] 26/3/2021 15:40

@Stupmy - out of interest, what makes you think price will come back to 59 next week?

[stupmy] 26/3/2021 15:00

I'm out for the weekend. I think the price will come back to 59 next week. If it doesn't it doesn't matter, I've taken a small profit.

[mcmather] 26/3/2021 14:07

Rock Star, re 5035, I don’t think they should contemplate paying back the money until the company is in the position it was – including the share price – prior to the lockdown.

[stupmy] 26/3/2021 09:03

I added yesterday at 60 (spread isn't great). If the mid-price comes back to 59, I'll add more.

[stupmy] 23/3/2021 10:24

There were too many 'nows' in that sentence weren't there.

[stupmy] 23/3/2021 10:22

I've been trading this in and out for a while now and just re-entered now.

[onedb1] 15/3/2021 07:56

My thought too. At least a retest

[yorked] 11/3/2021 08:42

I would hope the share price to be on a flat line for the remainder of the month, don't want to be tempted to sell and take the profit before we enter the new financial year.

[smicker] 11/3/2021 08:33

Ongoing buyback it is then.

[rock star] 11/3/2021 08:30

Sorry. Capitalist that I am Foxtons should pay back their furlough payments.

Discuss.

[topazfrenzy] 11/3/2021 07:06

80p would be nice by the end of the month

[topazfrenzy] 11/3/2021 07:06

The buybacks are back too!