Foxtons Share Discussion Threads

[dt1010] 14/12/2015 20:16

awww, don't you feel for all that corrupt money made from stolen utility assets...

[aishah] 14/12/2015 20:10

Thousands of London flats to come back on to the market, estate agent says

Overseas buyers are cutting their losses and reselling yet-to-be built flats in London as strong pound and oil price plunge takes its toll, warns Cluttons

Thousands of unbuilt flats and apartments could come back on to the London property market over the next two years as foreign investors seek to cut their losses, according to a new study.

In their latest report on the residential market, researchers at estate agent Cluttons said a large volume of newbuild stock was flowing on to the off-plan resales market, “as buyers, particularly those of an international flavour, try to exit the market as currency advantages, especially for those from emerging markets, fade”.

Cluttons’ head of research, Faisal Durrani, said he had seen figures suggesting 60,000 residential properties were due to be finished in London during 2016 and 2017, and said that about half of these were likely to be owned by overseas investors who would return them to the market.

[aishah] 14/12/2015 12:28

The government's buy-to-let stamp duty increase will cost landlords the equivalent of 11 months' rental income


No doubt landlords would try and recoup some from Agents' commissions.

[ny boy] 13/12/2015 21:36

Yes the scary thing is there is trillions, much of it dirty money supporting the central London property market, when it goes, it will really go into freefall. Years later new distressed buying funds will scoop up the debris, like what will happen in the energy commodity sector but that is more advanced.

[dt1010] 13/12/2015 20:54

Stocks and bonds crashing already.
Commodities and oil still some way to crash still.
All assets are over priced.
That's what happens when central governments print and print and print.
Can only end one way.

[ny boy] 13/12/2015 20:41

Just another boom bust cycle DT

[dt1010] 13/12/2015 19:45

Ny boy. Companies will buy them and let them - after the developer has gone bust (will buy them off the banks).

There will indeed be a correction. Crash. Call it what you will. But...! There needs to be. London has sustained so many corrections. It's had a great run. Time now for a retrace and then......it will come back.....it always does!!! Where will prices be in 10 - 15 years? That's what you need to think as an investor - and that is how the big money is made in property.

When prices crash the big funds move in and sweep up the distressed assets.

Not looking good for Foxt though.

[ny boy] 13/12/2015 19:12

Developers are building flats they won’t be able to sell and it’s close to midnight for London property prices

[aishah] 10/12/2015 14:01

FTSE UK Index Series
Quarterly Review December 2015
02 December 2015
FTSE announces the quarterly changes to the FTSE UK Index Series. All constituent changes will be applied after the close of business on Friday, 18 December 2015 and will be effective on Monday, 21 December 2015 (rankings by capitalisation are as at close of business on Tuesday, 01 December 2015).

FOXT drops out of FTSE250 and FTSE350

FTSE 250 Index

Exclusions
SEDOL Company Name
B1Z4ST8 Provident Financial
0242493 DCC
BCKFY51 Foxtons Group
0447889 Hunting
B0HZPV3 Kaz Minerals
0683564 Petra Diamonds
B43G057 Premier Oil

FTSE 350 Index

Exclusions
SEDOL Company
BCKFY51 Foxtons Group
0447889 Hunting
B0HZPV3 Kaz Minerals
0683564 Petra Diamonds
B43G057 Premier Oil

[dt1010] 08/12/2015 19:16

Welli have always hated Foxtons so I hope this becomes a penny stock.

[marcu saurelius] 08/12/2015 10:54

Heading down fast

[ny boy] 08/12/2015 10:06

No, this will slump further, the global commodity rout has killer off all the dodgy funds previously being pumped into prime London, prices are now just starting to correct at least 40% to come off this asset bubble. If you think of some commodity stocks, some are down 90% that's more of a bottom than buying over priced prime London asset bubble.

Long way to slide yet

[dlku] 07/12/2015 20:03

It may look cheap on fundamentals but that doesn't mean the share can't fall further.
They will be laying off staff if volumes decline

[dt1010] 07/12/2015 08:55

My boy ny boy it's time to buy this counter trend rally as a swing trade, maybe...

[cockneyrebel] 07/12/2015 08:45

Well the chart looks like it might be turning up to me NY Boy, not seen the chart do this type of reversal on the chart in a long while.

Can move rather fast when it rallies as shorters get squeezed imo.

All imo

CR

[ny boy] 06/12/2015 23:17

It's more like the corrupt monies from dodgy Countrues is diverting elsewhere, amid much higher costs in London to hide the monies, buying London prime,via offshore structures, especially now Uk investigations are underway, targeting numerous suspicious property transactions.

There are very, very few buyers above £5M, for the above reasons.

Plenty of dodgy money trying to off load big end properties too, in a dead market, prices dill savagely readjust to the downside.

[dt1010] 06/12/2015 13:35

About time...

The money is in lettings now.....!!!

[cockneyrebel] 06/12/2015 11:11

Earnings are still forecast to grow this year and next year.

13.25p eps forecast next year and a 12.2p divi. A PE of 13.5 going fwd and a yield of 6.8%.

There's a heck of a lot priced in now and the slightest beat on earning would make these look like great value imo.

Sector definitely seems shunned at the moment, and on long term lows - which is often the point most investors have wrongly given up on them imo.

I also think the shareprice will tell you what's happening to property next year rather than thinking property prices will be the signal to know when to buy FOXT.

All imo/dyor etc - I'm long again so would say that.

CR

[dt1010] 05/12/2015 20:02

amazing your ability with tea leaves NY Boy. How can you know what's going to happen next year?

fact is rents are going up as landlords are taxed more, there'll be a rush to buy by April before the +3% comes in...Foxtons is making £1m profit per branch and earning MORE from lettings than sales.

[cockneyrebel] 04/12/2015 08:23

Well BKG doing rather well in London, flying on results today - and saying this:

"the demand fundamentals remain strongly embedded in the substantial housing shortage evident across London and the South of England"

CR

[cockneyrebel] 03/12/2015 15:19

stock prices price in 6-9 months fwd.

I'm not arguing about what the market is doing now, I'm asking is the share price about to price in an improvement from mid-summer.

CR

[ny boy] 03/12/2015 15:13

Not the bottom here until well into 2016/17

Prince London market is dead in the water, way too much supply and very few buyers. Many high level buyers have called the end to the London property party and moved into NYC, half the price of London, makes a lot of sense, they will return when prices have dropped 40/60% over the coming years.

[cockneyrebel] 03/12/2015 11:29

Double bottoming off long term support?


free stock charts from uk.advfn.com


The whole sector seems to be bottoming here imo, as builders firm.

All imo

CR

[market sniper1] 03/12/2015 10:44

Foxtons Group broker views

Date Broker Recommendation
30 Nov Peel Hunt Sell
28 Oct Citigroup Sell
23 Oct Barclays Capital Underweight