Foxtons Share Discussion Threads

[mike740] 06/7/2015 08:57

Fighting back, but its futile.

Interest rates coming up sooner rather than later after Osbournes pledge to get employers to pay a living wage.

[mike740] 06/7/2015 08:27

Yes indeed, honky tonk..........he he.

[onjohn] 06/7/2015 08:15

getting tonked

[mike740] 04/7/2015 13:43

he he , brilliant.

[dlku] 04/7/2015 13:10

not good news for foxty

[mike740] 03/7/2015 14:29

Recovering a little today but we all know stocks dont go down in straight lines.

Wait until events in Greece this weekend and 200p will only be days away.

[elcapital] 02/7/2015 22:33

i agree, maybe, but my trade is the drop until then, after I move on

[anony mous] 02/7/2015 20:29

Heading towards 2.00.Might be worth a punt when it goes sub 2.00.

[connor23] 02/7/2015 12:33

Cheers CR. Sold out recently (more luck than judgement) as needed the cash. In two minds here as there are some short term headwinds. However, price is attractive, and I tend to suspect London property mkt is simply taking a breather. Surely any chaos in Europe would see some cash flow into it as well. Tough call whether to buy now or wait a little longer.

[cockneyrebel] 02/7/2015 12:27

Results date confirmed as July 29.

CR

[mike740] 01/7/2015 14:04

Support at 240p given way. New support at 200p.

Citigroup Inc. started coverage on shares of Foxtons Group PLC (LON:FOXT). Citigroup Inc. issued a sell rating and a GBX 215p ($3.37) price target on the stock.

[brahmsnliszt] 01/7/2015 13:26

Or is it?When the mkt bounces healthily and this bounces like a dead cat then maybe it's correction time. What do I know though....only a small time hustler creaming on a £500 profit eh

[cockneyrebel] 01/7/2015 09:58

Bouncing off that trendline again

CR

[mike740] 30/6/2015 13:57

From broker Citi.........

Foxtons has the strongest Brand Profile and margin performance of the three
stocks examined; however it is largely focused on London where we have concerns
regarding End Market Dynamics given affordability issues which may curtail
volumes. We also suggest there is limited scope for margin expansion and given
management’s organic growth plans there is also no Consolidation Optionality.
The stock also trades at a significant premium to peers.

BE
Sell London, basically.
BE
 Foxtons provides residential sales and lettings services operating from a network
of 56 offices focused solely on London (54) and Surrey (2). Foxtons commenced
trading in 1981 and listed in 2013. The business also offers mortgage advice and
other related services through Alexander Hall. The business growth strategy is
organic with a target of between 5-10 new branches each year.
 Our target priced is based on an equally weighted average valuation using DCF
(215p), EV/EBITDA based SoTP (215p) and PE based SoTP (225p). At current
levels the stock is trading on 17.0x Dec 16e P/E, 11.4x EV/EBITDA. Our target
price implies CY15 PE of 15.2x and EV/EBITDA of 10.1x offering a -9% ETR.
 We note particular strength regarding the business transactional/nontransactional
revenue balance as well as the strength of the brand and
competitive positioning. We have worries however regarding the London
focussed residential end market exposure, suggest limited scope for margin
upside or potential peer consolidation, we also highlight earnings risk from online
only disrupters and note the material valuation premium to peers.

[mike740] 30/6/2015 13:49

2 quid ELcapital, yep think thats about right. Could see it go lower though if the hedge funds load up

[cockneyrebel] 30/6/2015 13:44

Holding firm here - ready to bounce? Down on more broker noise than any substance imo:


free stock charts from uk.advfn.com

[cestnous] 30/6/2015 12:03

Bounce due?


free stock charts from uk.advfn.com

[elcapital] 30/6/2015 11:55

I maintain my two quid ish target price

[mike740] 24/6/2015 11:23

"One of the MPC’s nine members, Dr Martin Weale, has indicated that the Bank of England should be prepared to raise the cost of borrowing as early as August".

[mike740] 24/6/2015 11:22

hxxp://www.cityam.com/218706/bank-england-monetary-policy-committee-could-split-over-timing-first-rate-rise?utm_source=dlvr.it&utm_medium=twitter