Foxtons Share Discussion Threads

[topazfrenzy] 29/12/2022 09:33

It's results time then and they will surprise the market

I think this is being primed to be sold to the Arabs

[buffettjnr] 29/12/2022 09:07

What happens when the buyback is over?

[topazfrenzy] 29/12/2022 08:52

What is astonishing is who is selling, the buyback is ongoing so there's background buying from that ... with £1.2M still to go .... but who is still selling at these prices??

At least they are buying back at rock bottom prices which makes a change for companies on the whole lol

[topazfrenzy] 28/12/2022 13:42

£93 m market cap, 0 debt

[topazfrenzy] 28/12/2022 13:39

This is so so so cheap now lol

[sleepy] 22/12/2022 14:11

How much better are the profit margins from sales than from lettings?

[onedb1] 21/12/2022 09:12

As a reminder sales are not Foxtons prime revenue stream ;In Q3 it was Lettings GBP 29.2 Sales GBP11.9m

[onedb1] 21/12/2022 09:07

Try rent a flat in central London . You'll get queues . The rental business is strong and Foxtons big earner now . As for unemployment I see more shortages of labour in fairness . Never seen so many local business advertising for staff . At least in my part of London

[porsche1945] 18/12/2022 10:35

Wow these panned out exactly as I predicted 6 months ago. Housing cycles last about 7 years, this meltdown just getting going. Sales will crater further with prices going down 25/30pc but expect rental market to roll over next with unemployment and cost of living nightmare in U.K. and mad scramble by useless boe to get it under some sort of control. Weak sterling will keep sucking in inflation tho. Brexit basket case U.K. in terminal managed decline, next few years will be brutal, it’s been coming since 2016, Traynor the liquidation specialists saying company failures higher now than 08. Would expect these to go to single digits and end up with some sort of management buyout, it’s been a shxt company for years. There won’t be a takeover, that’s all I ever hear about these U.K. dogs, Vod/bt/imperial etc, but nobody wants them.

[topazfrenzy] 16/12/2022 10:16

Wen takeover?

[topazfrenzy] 16/12/2022 10:15

So boring here lol

Zzzzzzzzz

[topazfrenzy] 08/12/2022 09:53

'Demand for homes in the UK rental sector is continuing to rise as home buyer activity drops off, according to surveyors. This is contributing to an upward pressure on rental prices, at a time when house prices have been falling month-on-month, the findings from the Royal Institution of Chartered Surveyors indicate. A net balance of 35% of property professionals saw a pick-up in rental demand in November, while a balance of 27% reported a decline in landlord instructions. The mismatch between demand and supply continues to drive rents higher, with a net balance of 43% of contributors anticipating rental prices moving higher over the coming three months.'

From ii this morning

[brianblu] 05/12/2022 16:16

Must admit I don’t understand this share performance,good updates the last few and near all time low and many others do so well on nothing.

[buffettjnr] 01/12/2022 10:20

Should be seeing the RNS shortly. My bet is Platinum are out

[brianblu] 01/12/2022 09:48

Wow some volume going on here mmm 🤔

[dudishes] 22/11/2022 07:38

10 bagger for TW, dogs with fleas comes to mind.

[onedb1] 21/11/2022 10:53

Just one way traffic here . Pretty much all buys . Try rent your flat out in London and see what happens . It's crazy . The rental market is booming

[onedb1] 14/11/2022 18:26

The only recent trade that is giving me joy here . Going as predicted

[onedb1] 04/11/2022 15:42

Shame I cannot add via CMC on a cfd bet . They won't allow me . Tells me this a long all the way . I have plenty in my account to add . Wanted at 31.5 now 33 and they won't allow anyone to add only reduce . Tells me this is going back to the 40s or at least up

[bigbigdave] 02/11/2022 07:17

Foxtons Group PLC

02 November 2022

FOXTONS GROUP PLC (the "Company" or "Foxtons")

UP TO GBP3 MILLION SHARE BUYBACK PROGRAMME

Wednesday 2 November 2022

Foxtons Group plc (LSE: FOXT) announces the commencement of up to GBP3m share buyback in line with the Company's policy of returning excess cash to shareholders. The proposed share buyback will be funded from accumulated cash resources. After considering the strength of the Group's balance sheet, forecast liquidity, timing of further lettings portfolio acquisitions and the prevailing share price, the Board has decided to accelerate the return of excess capital to shareholders through the buyback announced today. Year to date, GBP3m of shares have been bought back and GBP8.7m of cash invested in lettings portfolio acquisitions.

[tole] 01/11/2022 16:41

https://masterinvestor.co.uk/equities/sysgroup-centralnic-and-nine-other-interesting-small-cap-stocks/Foxtons Group (LON:FOXT) – no letting up it is going strongLondon's leading estate agency, continued to make progress in the third quarter delivering growth across all areas of the business, with revenue in the three months ended 30 September 2022 up 25% to £43.8m (Q3 2021: £35.1m).Revenue for the nine months ended 30 September 2022 was £108.9m, up £10.4m, or 11% on the prior year.Guy Gittins, CEO, stated that:"We enter Q4 with a less certain sales market backdrop, but cost action taken in H1 and our resilient lettings and financial services businesses leave us positioned to weather further macroeconomic and political challenges.Whilst we are mindful of the ongoing macroeconomic and political uncertainty, the strength of our performance in the third quarter gives us confidence in the outlook for the full year. Accordingly, we now expect to deliver a result for the 2022 financial year ahead of our previous expectations."From a week's low of 27p right up to 33.5p was the reaction to the third quarter indications.The shares are still a very long way off my entry value over a year ago, and as for the Target Price – well what can I say? I was too previous.Perhaps it may mean that a takeover for the group could be the only way for my price aim to be achieved.Analyst Greg Poulton at Singer Capital Markets rates the shares as a Buy.He is looking for revenues this year to end December of £134.9m (£126.5m), with adjusted pre-tax profits of £11.7m (£7.8m), taking earnings up to 2.7p (1.9p) and covering a dividend of 0.80p (0.45p) per share.His price objective is 69p.

[topazfrenzy] 28/10/2022 08:01

They should increase the dividend going forward

[theonewhoknows2] 27/10/2022 14:47

...and flop.....

[devonlad] 27/10/2022 08:19

Mr market has got this one wrong, time to take advantage. First stop 40p but it should really be significantly above that imho.

[topazfrenzy] 27/10/2022 07:12

Finally some great news!!

Let's get to 60p please!