Foxtons Share Discussion Threads

[kmann] 23/5/2016 10:27

Some cat, Some bounce!

Look at the buying man! 10-1

[ny boy] 20/5/2016 22:57

Just a dead cat bounce in a bear market

[kmann] 20/5/2016 16:08

Looklike the shorts have thown in the towel after a reality check. Property/price crash = more buyers = good news for foxtons. Post brexit should see this back to 250-300p pretty fast on a short squeeze/trend reversal imo

[ny boy] 09/5/2016 12:21

Rachel Davies, head of U.K. advocacy and research at the U.K. arm of the global non-governmental organization Transparency International agrees, telling CNBC via email that "this will make it much harder for corrupt individuals to use London as a safe haven for their illicit wealth."

"The impact of this damages the lives of people in the countries of origin, who have their resources and national budgets plundered by corrupt individuals, but it is also likely that this has skewed London property prices, pricing locals out of the market," she said.

[hillofwad] 08/5/2016 09:04

Posters seeme to think that the success or failure of Foxtons is wholly dependent on the state of the London property market Win ,lose or draw the share price is going to drift downwards The original investors only have about 4% further to jettison the remainder of their stock and say thanks for the ride The fee earners at Foxtons arent the equity owners. A new long term incentive scheme isnt going to be enough to satisfy their ambitions who will up anchor and leave with clients in tow Their reputation as a letting and management agent for landlords has been permanantly trashed ranished This is going to sink to a pointwhere its down to 350k per office and a management buyout A business model always destined to ultimately fail for the investor

[ayl30] 06/5/2016 17:44

Look at the spread of Foxtons offices - C London prime is a tiny part. Also lettings revenue is c50% of total and recurring - people are still renting.
Market sentiment and chatter may be against E Agents but facts speak louder than words. I hold - and will continue to do so

[cancun tango] 06/5/2016 16:38

NYSurely the prince central London market is a very limited one and probably way out of foxton's demographic.

[ny boy] 06/5/2016 14:36

Prince Central London market is in serious trouble, agents are still trying to keep a rosy picture but underneath it's dire, no buyers, price reductions across the board, simple..the party is over, prime London is way over priced and the bubble is bursting.

[cancun tango] 04/5/2016 14:23

How many millions of their own shares did this lot buy? Might have been better off keeping the cash to pay the inevitable redundancies!

[ny boy] 03/5/2016 11:22

Critical support here for the Bulls, this level needs told hold, market looks like it's sell in May and go away, so could easily fail here.

[ny boy] 29/4/2016 10:11

Q. Is the trap door about to open @ 143.25p?

[dlku] 28/4/2016 09:40

gong to 90p

[ny boy] 28/4/2016 09:38

Testing 2014 low 143.25p if that breaks could see 100p but I guess they will keep it just above for now.

[jakedog2] 28/4/2016 09:06

Significant volume yesterday - largest in 12months

[cwa1] 27/4/2016 08:10

Decided I didn't like what I saw re the outlook. Thought it might get hit quite badly this morning. But pleasantly surprised that I got out for what I thought to be a reasonable enough price first thing all things considered.

Good fortune to remaining holders.

[dt1010] 25/4/2016 19:44

Yawn NYBoy. Are you short here? Bit late aren't you?

[ny boy] 25/4/2016 10:44

Way too much supply, hardly any buyers, as they know by waiting, they can get much cheaper prices, for buyers there is no rush to buy apartments.

At least two London-based brokers have organized tours of new-build accommodation for clients to assess the extent of overcapacity
* Short case rests on the fact oversupply has been underestimated, according to one of the brokers, who estimates there may be 150,000 new-build apartments costing over £1,350/sq ft coming to the market in the next few years
* Latest estimate from property firm Arcadis pinned supply significantly lower, at around 35,000 over the next decade [nNRA1unds8]

[ny boy] 22/4/2016 10:14

Collapse at Battersea, surprise surprise...

HOMENEWS
Battersea developer holds on to flats amid prime resi slump
21 April 2016 | By Allister Hayman


The developer of Battersea Power Station is holding back nearly a third of the apartments in phase three of the scheme, as a downturn in the prime London residential market hits sales.

Battersea Power Station
The Battersea Power Station Development Company (BPSDC) launched the first part of the Foster + Partners and Frank Gehry-designed third phase in October 2014, but 18 months on the developer has only sold 350 of the 539 flats.

Speaking to Property Week, BPSDC chief executive Rob Tincknell said that 35 apartments from the initial tranche were currently on the market, and around 150 were being held back.

The sales figures are in stark contrast to the first phase of the scheme, which launched in early 2013 and all 865 apartments sold in just a few weeks.

“If there is market demand, we will release more units, but the market has softened,” said Tincknell.

“When we sell the 35 we will probably release some more, but the market is the market, and we don’t need to be chasing sales.”

Tincknell said there were also “around 20” luxury apartments in phase two of the scheme, which involves the redevelopment of the power station itself, that have not been sold.

The 254 apartments in phase two were launched two years ago.

The sluggish sales in the £8bn Battersea scheme are a further sign of the slump that has hit London’s prime residential market.

Luxury struggle
Last month, British Land admitted it was struggling to sell luxury flats – and that its Hempel scheme in Bayswater had been particularly badly hit by the slowdown.

That followed an admission by Capco earlier in the year that sales on its Lillie Square scheme in west London had all but ground to a halt.

A pipeline of around 20,000 apartments is planned for the wider Nine Elms area, with 4,000 proposed for the Battersea Power Station site.

Analysts have claimed an oversupply of flats could see prime resi prices fall by 20% or more.

Tincknell said discounts were being offered to buyers to drive sales through, but the developer would not consider heavily discounted bulk sales to institutional investors, as other London developers were now doing.

“The market is quite challenging – there are fewer buyers around,” he said.

“That doesn’t mean we have stopped – we are still selling apartments, but we’re not chasing the marker and we’re not worried.”

[dt1010] 22/4/2016 08:24

This says it all for the disappearance of foreign resi investors from London: