Foxtons Share Discussion Threads

[ny boy] 04/2/2016 07:05

And more apartments to flood the market, price reductions have already started, too much supply, not enough buyers as the asking prices.

[moopdoom] 03/2/2016 14:43

Don't think it was unreasonable to think that ahead of the open. But the way it's traded back to unchanged from 172.5p shows the potential downside here; they deliver on the statement, and the market sells the rally? Not great.

[blackbear] 03/2/2016 12:49

Thought I was to make a quick 10% on this today. hayho....

[kmann] 03/2/2016 10:09

Flat may not good enough at this stage of the game in this market, as mad as it seems. Rental renewals good for sustained divi though.

Large trades going through today, hard to tell if buy or sells, but someone is hell bent on shorting this. Concerns of bubble etc.

No position.

[moopdoom] 03/2/2016 09:20

Why not >10% on that news flow?Market knows FOXT has few quarters of revenue growth left in it, with earnings flat at best.

[kmann] 03/2/2016 08:40

Resiliant update, fairly priced now, but any appitite to hold in this market? Growth droping off on the rental side is intresting considering the buy to let increase.

But I'm told people are doing buy to let through specialized companies now (tax reasons), so could explain that.

Other wise better than most thought

[dual313] 03/2/2016 07:31

Looks like a pretty good statement considering the doom and gloom...

[dt1010] 02/2/2016 22:02

They are the lucky ones- dumping out NOW.

[ny boy] 01/2/2016 12:06

These should head sub 150p do on as the prime central London property market slumps, increasing supply, asking prices being slashed, as no buyers around, all the dodgy money from overseas that was helping support the market, has disappeared.

[ny boy] 30/1/2016 04:45

Ummm., now I wonder where that ended up?




Malaysia 1MDB scandal: Investigators say about $4bn may be missing from fund


Some of 1MDB's money was transferred to former officials, Switzerland's attorney general says
About $4bn (£2.8bn) may have been stolen from a fund owned by the Malaysian state, a prosecutor says.

[ny boy] 26/1/2016 15:46

Oh dear..

Are we on the edge of another crash? The latest 2008 crunch movie, The Big Short, is an eerie sensation for Londoners. In the last quarter, prices in prime central London property (PCL) have started to slide. Sales of those over £5 million are down by a quarter to a half. Hundreds of off-plan luxury sales are being returned before completion. The consultants Property Vision calculate that 54,000 flats priced at more than £1 million are coming to market in the next two years, thanks largely to Mayor Boris Johnson’s tower block free-for-all. Such flats currently have 3,900 buyers a year. This must mean trouble.

[ny boy] 26/1/2016 12:20

Prime London market is in trouble, warning signs have been clear for sometime now.


Across all price ranges, the LonRes research team recorded a 3.7% fall in average per square foot values during the last three months of 2015, compared with the same period a year earlier.

Up above £5m, however, the decline was pronounced. An 8.6% fall in average values combined with a staggering 53.5% drop in transactions to paint a pretty bleak picture of the top of the market.

[kmann] 25/1/2016 12:50

I see Simon Cawky Cawkwell is upping his short on foxt. seems to be selling in to any rise. His followers seem to be piling in short too. Could go lower on momentum

[dt1010] 22/1/2016 22:25

The market will recover a bit....

But in the months to come there's going to be a far bigger crash I should think.

FOXT should then get to 100p

[dt1010] 22/1/2016 09:20

who knows, I wouldn't want to try and predict a bottom here.

Prime London will see a resurgence - you know, articles in the Twelegraph and Daily Mail saying international money returning to Prime in London etc etc...

These will shoot up when that news hits - and it will happen. When? dunno.

Meanwhile, talk of ECB stimulus yawn, has given the market a boost yesterday and today....its all so predictable.

[ny boy] 21/1/2016 15:27

More to the downside again, sub 130p I reckon, maybe a final bottom @ 87/95p?

[dt1010] 20/1/2016 12:29

Hey we could move there for a week for £20k each to make a documentary about crime and vandalism. And drugs. And slum landlords.

But yeah, Manor Park...that's the nearest Crossrail to East Ham, walking distance, it will have a big impact. Houses in that area in 20 years might well have quadrupled in price!

[ny boy] 20/1/2016 12:24

Obviously buy to let mate, wouldn't live there lol!

Not tempted though, never like going east but I do like areas around the crossrail stations, that is a game changer, looking forward to trying out crossrail but only in if peak hours!

[dt1010] 20/1/2016 12:18

Good old Telford, I do love that company.

East Ham is seriously going to be put on the map by the West Ham stadium developmemt, with or without its mochas, rapists and hooligans.

The builders need to agree the affordae ratio first tough. A few brown envelopes in the right hand at Newham Planning lol

[hillofwad] 20/1/2016 11:49

Dont forget Telford Homes building next door to the Boleyn Stadium who have stolen a march and satrted on site

[dt1010] 20/1/2016 11:39

That's what makes it a charming area, the murder rate lol.
But don't live there NY. No no. Buy houses for skilled labour to rent.
Barratt and Galliard homes are going to build a village out of West Ham stadium.
It will transform the areas and drive out the murderers and rapists lol
What's more, you'll be able to get a Starbucks without being stabbed lol

On a serious point though...don't buy leasehold, only freehold. Leasehold is for mugs!!

[ny boy] 20/1/2016 11:29

I guess still a no go area after midnight, no matter what BS agents & developers dish out. How nanny stabbings & murders last year?

[hillofwad] 20/1/2016 11:25

Go thee to Newham and buy a Telford Homes apartment Yes price changes filter down like new to secondhand cars butbut dont ignore regneration ,Stratford is the new Canary Wharf with commercial occupiers moving to the "wasteland" revitalised with the Olympic divdend and Crossrail

[ny boy] 20/1/2016 11:17

What prime us telling you, is there are too many people at the party in the outer London wastelands, too many getting sucked in, these markets will follow prime but say 6-12 months later and that is where you start getting problems down the line.