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FOXT Foxtons Group Plc

53.80
0.30 (0.56%)
Last Updated: 11:25:46
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Foxtons Group Plc LSE:FOXT London Ordinary Share GB00BCKFY513 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.30 0.56% 53.80 26,554 11:25:46
Bid Price Offer Price High Price Low Price Open Price
53.60 54.40 54.20 53.50 53.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 140.9M 9.13M 0.0303 17.76 162.1M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:10:01 AT 254 53.80 GBX

Foxtons (FOXT) Latest News

Foxtons (FOXT) Discussions and Chat

Foxtons (FOXT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:10:0153.80254136.65AT
11:10:0153.80330177.54AT
11:10:0153.802,1701,167.46AT
11:07:4454.20451244.44AT
11:07:4454.20596323.03AT

Foxtons (FOXT) Top Chat Posts

Top Posts
Posted at 19/3/2024 08:20 by Foxtons Daily Update
Foxtons Group Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker FOXT. The last closing price for Foxtons was 53.50p.
Foxtons currently has 301,294,980 shares in issue. The market capitalisation of Foxtons is £162,096,699.
Foxtons has a price to earnings ratio (PE ratio) of 17.76.
This morning FOXT shares opened at 53.50p
Posted at 07/3/2024 21:38 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-time-reat-eman-and-foxt/Foxtons Group (LON:FOXT) – A Strong Property HoldingConsidering the general state of the residential property market over the last year or so London's leading estate agency group gave out a very interesting set of full year figures on Tuesday of this week.Revenues for the year to end December 2023 were £147.1m (£140.3m), while adjusted pre-tax profits were £13.8m (£13.1m), generating 2.8p (3.0p) in earnings but maintaining its 0.90p per share dividend.CEO Guy Gittins stated that:"2023 was a year in which Foxtons has been fundamentally transformed. We have achieved a lot in a short space of time by making improvements across the business and Foxtons is now in much better shape than the company I inherited 18 months ago. We have restored Foxtons' competitive advantages by investing in core capabilities, growing fee earners and reinvigorating our culture and this has been achieved ahead of schedule. As a result, Foxtons was the UK's fastest growing large lettings and sales agency brand in the UK in 2023 and reclaimed its position as London's leading estate agency.Most importantly, we have rebuilt and strengthened the Foxtons Operating Platform. The platform is a unique, industry-leading and proprietary asset which will underpin our future growth and, due to its scalability, will provide Foxtons with the capability to expand and consolidate across our industry.Our strategy to deliver growth through sales market cycles by delivering Lettings growth is working, delivering resilient earnings for the year despite a weak sales market and the investment we made in fee earners. We are on track against our medium-term target of delivering £25m to £30m of adjusted operating profit, through organic and acquisitive growth and supported by improving market conditions."Analyst Greg Poulton at Singer Capital Markets rates the group's shares as a Buy with an upgraded Price Objective of 88p (63p) per share.For the current year his estimates are for £158.3m revenues, profits of £17.0m, earnings of 4.0p and paying a 1.10p dividend per share.With a portfolio of over 28,000 tenancies and growing in number, the £180m capitalised group has set itself a medium-term target of achieving a £25m to £30m adjusted operating profit.The group's shares, which have performed well since 2nd January when they were trading at 46p, closed last night at 59p.Hold very tightly, we are only days away from my 2024 Target Price of 61p being achieved, while my 2021 aim of 76p will take just a little longer to be scored.
Posted at 05/3/2024 15:18 by saucepan
Indiestu: thanks for the further discussion. I have only just caught up with it, as I have been out-and-about since.

Arguably, a lot also depends as to whether one judges a stock to be in "Stage 1", "Stage 2", "Stage 3" or "Stage 4". I am referring here to Stan Weinstein's Stage Analysis as expounded in his book "Secrets for Profiting from Bull and Bear Markets", published in 1988.

For me, it is by far the most useful investment book I have ever read and I recommend it highly if you are not familiar with it. Second-hand copies can be picked up from the usual sources.

FWIW, my hunch was that FOXT is entering early Stage 2 (the ideal time to be buying), but it has still to prove itself: i.e. price needs to remain above a rising 150-day moving average.
Posted at 05/3/2024 09:53 by saucepan
An important, but not exclusive, reference point for me is the relationship between 8, 20 and 50 period moving averages on daily, weekly, and monthly charts. Obviously, support and resistance levels also come into the equation.

The 50 period (day) moving average is rising and providing support on the daily. On the weekly: price is above all three moving averages and all three moving averages are rising.

I am fortunate enough to be in profit with FOXT, only buying a few months ago. I can thus give things a bit of slack.

The daily chart is currently weaker than the weekly chart, admittedly.
Posted at 05/3/2024 08:56 by saucepan
But isn't the point that FOXT has already "tanked"? The share price was once 400p. The waterfall decline on the chart has now stabilised and it looks as if price is now in an early uptrend.

That, to me, seems to correspond with reported fundamentals: (a) numbers stabilsiing; b) bullish future outlook.
Posted at 02/2/2024 10:52 by whites123
Well, Topaz, I agree with your assessment. FOXT seems to be teetering on the brink of its demise.
The year-end update was, to put it mildly, a lackluster affair, failing to ignite any excitement or provide insights beyond the already known market information.
Some might go so far as to label it a damp squib, but I concede that the share price uptick did conveniently align with the very vocal PUMP campaign you championed.
Now, my curiosity is piqued about the impending fallout when you and your cohort decide to start the DUMP.
I'm willing to bet that when the dump occurs, there won't be a grand announcement; we'll just notice your sudden enthusiasm for a "New" can't-miss stock series of posts. Your predictability has reached such levels that it's bordering on monotony, a trait I suspect has accompanied you throughout your life
Posted at 31/1/2024 09:53 by gargoyle2
Article in yesterday's Guardian -- finishes with: "The shares, which floated at 267p in 2013 and reached a peak of 399p in 2014, are changing hands for about 54.9p. But they have risen more than 40% in the last three months. Django Davidson, portfolio manager at 10% shareholder Hosking Partners, says: “A sale is one way to close this valuation gap – a fact that we’re sure is not lost on the current board.” Cory Bailey, co-founder of 3G Capital, which also owns 10% of Foxtons, agrees: “It’s going to be hard for Foxtons to become a significant part of the consolidation in the sector unless they’re part of a private equity firm.” He says Foxtons’s lettings book of 30,000 properties in London is a “prime asset”. Chestertons was recently sold to European real estate services group Emeria, owned by the Swiss private equity firm Partners Group, for a reported £100m. Gittins dodges the buyout question. “We’re 100% focused on delivering the strategy that we set out, which is to deliver £25m to £30m of adjusted operating profit within the next three years,” compared with £14m last year, he says. Then again, everyone has a price."
Posted at 29/1/2024 12:57 by indiestu
What justifies a higher share price? FY 21 revenue 120 mil and 20 mil in cash. FY 23 revenue 147 mil and 7 mil in debt. Not exactly spectacular. A few less share in issue I guess, business a little leaner, dividend sucks.
Posted at 25/1/2024 12:37 by ivanborsky
Ooooh,big buy of 2M shares just gone through without pushing the price up this morning. MM's helping out their mates again !! Looks like the buyers are lining up after reading all the good financial headlines about Foxtons this morning !! 🤫
Posted at 03/1/2024 16:02 by topazfrenzy
FROM THE CEO'S MOUTH

'WOW! 2023... what a year and there is so much more on the horizon for 2024!'

I am bursting with pride as I reflect on the remarkable achievements of our incredible team in 2023. It will be etched in our history as one of the most phenomenal ever at Foxtons a testament to the unwavering commitment and hard work of every individual who is a part of the Foxtons family.

Last year was all about rebuilding our position in the industry and I can proudly say we reclaimed our position as London’s number one sales and lettings agency brand. This achievement was a direct result of the dedication and relentless efforts poured in by each person at Foxtons.

Not only this, but we acquired two brilliant agencies, Atkinson McLeod and ludlowthompson meaning team Foxtons is growing to be bigger and better than ever before.

2023 was our best revenue year in almost a decade! Sales made a significant leap forward in market share and our Lettings and Property Management achieved record-breaking revenue. Not forgetting Alexander Hall who finished a fantastic year with the foundation laid for substantial growth this year.

Our achievements were not limited to business alone – we celebrated success on three amazing superstar trips to Courmayeur, Marbella, and Bruges. At our monthly car ceremonies, a record number of new cars were given out to reward the outstanding contributions of our team. We also created the first truly end-to-end digital lettings solution in the UK.

It's clear that Foxtons is poised for even greater success in 2024. We have kick-started the year with our brilliant new campaign, Grab January by the Foxtons. With the team's proven track record of helping people sell their homes faster than the average estate agent, if you're looking to buy, sell or let a property, why not Grab January by the Foxtons and our amazing team of sales and lettings experts will guide you towards your perfect home.

Thank you for all your efforts in 2023 team Foxtons. We have so much more to achieve in 2024.'
Posted at 01/1/2024 16:24 by ivanborsky
Nice, and here is an extract from the negotiator website, '......The figures show that Foxtons has seen a 36% increase in market share across the UK lettings sector in 2023 when compared to last year.

Across the UK sales market, Foxtons growth has been equally as dominant, with the firm seeing its market share climb by 28% year-on-year.

This rate of growth also outperforms the closest competitor, with Connells ranking second having seen a 9% increase year on year....'

And the article in full:-

hxxps://thenegotiator.co.uk/foxtons-now-has-londons-largest-market-share-claim/
Foxtons share price data is direct from the London Stock Exchange

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