Foxtons Share Discussion Threads

[elcapital] 07/7/2015 10:16

There is a program on channel four on wednesday I think about suspcted dodgy russian money buying in London

[ny boy] 07/7/2015 09:59

Yes can't wait to see which top end agents have been in the sting ;-)

They should also investigate how the government has turned a blind eye to the thousands of central London properties purchased under off shore company vehicles using highly dubious monies from overseas.

Now that would make good Telly!

[dlku] 07/7/2015 09:46

wonder if Foxtons Money Laundering checks are up to speed!!

This could take a battering tomorrow dependig on what is aired toniht

[ny boy] 07/7/2015 09:27

I have been posting for a while that Prime Central London property market has slumped, the market peaked in Q2 2014 there are simply no buyers around, the wealthy don't buy market tops.

Mostly from where Foxtons derive their income.


Lucian Cook, Savills UK Head of Residential Research: “There was a feeling prior to the autumn statement that the prime markets of London were looking fully priced following a sustained period of growth. The stamp duty increases introduced in December 2014 mean they now also looked fully taxed, despite mansion tax fears being confined to history.

“In the early part of the year we could put buyer reluctance to commit down to political uncertainty pre election. Only now is the dual effect of taxation at the top end of the prime market and mortgage regulation at entry level becoming clear.

“These constraints are keenly felt by buyers, while some sellers are clinging to expectations that values can keep on rising. That has created a gap in price expectations in parts of the market which is likely to hold back any recovery in transaction levels.

“With those transactions having been suppressed prior to the election, it seems inevitable that high value sales will have peaked, at least in the short term, in 2014. That means current constraints on the market could have a negative on impact on stamp duty receipts from most expensive housing upon which the Treasury has become increasing reliant.”

[onjohn] 07/7/2015 09:15

Noticed all CR stuff is rolling over now and coming off

cant really see what he sees at FENR

[dlku] 07/7/2015 09:13

falling prices and volume down. Ouch!

[mike740] 07/7/2015 09:01

Falling again.

[mike740] 07/7/2015 08:47

200p coming here quickly.

[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.