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  1. Home
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  6. Foxtons Group Plc (FOXT)

  7. Foxtons Group Plc (FOXT) Share Price

FOXT

Foxtons Group Plc

39.10
-0.40 (-1.01%)
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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
Upgrade Icon
  -0.40 -1.01% 39.10 93,698 16:29:42
Bid Price Offer Price High Price Low Price Open Price
39.10 39.50 39.55 39.10 39.55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Agents & Mgrs 140.90 9.13 2.80 13.22 129.07
Last Trade Time Trade Type Trade Size Trade Price Currency
17:41:57 O 9,055 39.30 GBX
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Foxtons (FOXT) Latest News

Foxtons News

Date Time Source Headline
08/6/202318:00UKREGFoxtons Group PLC Director/PDMR Shareholding
01/6/202307:00UKREGFoxtons Group PLC Total Voting Rights
31/5/202310:29UKREGFoxtons Group PLC Holding(s) in Company
18/5/202315:50UKREGFoxtons Group PLC Transaction in Own Shares
18/5/202311:46UKREGFoxtons Group PLC Holding(s) in Company
17/5/202317:39UKREGFoxtons Group PLC Transaction in Own Shares
16/5/202317:09UKREGFoxtons Group PLC Transaction in Own Shares
12/5/202317:15UKREGFoxtons Group PLC Transaction in Own Shares
12/5/202312:09UKREGFoxtons Group PLC Holding(s) in Company
11/5/202317:10UKREGFoxtons Group PLC Transaction in Own Shares

Foxtons (FOXT) Discussions and Chat

Foxtons Forums and Chat

Date Time Title Posts
06/6/202311:26Keep Your Finger Off the Housing Trigger20
09/3/202308:53Foxtons - Highly desirable shares...5,571
08/3/202314:58FOXTONS - a bugle call to investors?335
08/2/202313:09HEDGE FUNDS Target FOXTONS............968
29/7/201819:16Foxtons (FOXT) One to Watch on Monday 1

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Foxtons (FOXT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-09 16:42:1439.309,0553,558.62O
2023-06-09 16:41:1839.133,3581,314.09O
2023-06-09 16:41:1839.1022688.37O
2023-06-09 16:40:5639.306023.58O
2023-06-09 16:06:3839.124,1151,609.83O

Foxtons (FOXT) Top Chat Posts

Top Posts
Posted at 22/5/2023 08:06 by i of the tigers
Rightmove report giving cause for cautious optimism!

https://uk.news.yahoo.com/amphtml/average-price-tag-home-hits-053347873.html
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Posted at 17/5/2023 11:52 by porsche1945
Amazed this hopeless dogshxt is still over .20p. It’s an .18p share max. U.K. heading into a standard 7 year property recession…..chart looks just like 08 and 1990….this will end up like Purp probably😂28514;
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Posted at 20/4/2023 07:08 by ivanborsky
As expected, a very strong Q1 statement from Foxtons this morning, to quote Guy Gittins in the statement...........'"I am encouraged by the early results achieved to date. We have grown our market share of Sales instructions and completed the highest number of viewings in the last 5 years, delivered growth in the cross-sell of Lettings
property management services, and in Financial Services delivered growth in
both the volume of mortgages underwritten and the cross-sell of protection
products.


"I remain confident in our refocused strategic priorities and the
determination of the business to deliver market share growth and shareholder
value by making Foxtons London's go-to estate agent."
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Posted at 06/3/2023 07:11 by ayl30
Another good move and with results due soon it could be a good week for FOXT
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Posted at 31/1/2023 15:25 by 2bluelynn
If interest rates get put up Thursday by .50 of a basis point will this be bad news for the share price ? Less people buying ? Thanks in advance
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Posted at 27/1/2023 07:29 by tole
Peel Hunt: Foxtons investment will strengthen its positionEstate agent Foxtons (FOXT) isn't immune from the economic downturn, but investment will likely put it on a surer footing, says Peel Hunt.Analyst Sam Cullen retained his 'buy' recommendation and target price of 55p on the stock, which slipped 1.1% to 37.6p after a full-year trading statement yesterday. After a difficult 2022 the shares have soared over 29% in the past month.Annual revenues for 2022 came in 5% ahead of Cullen's expectations but there are still challenges ahead for 2023.'While lettings will remain strong, the turmoil in the mortgage market means sales revenues will be lower... and profit in full-year 2023, meaning consensus profits forecast will likely fall,' he said.However, he said longer-term, the 'investment in the business will likely increase, creating a sounder footing from which to operate'.This increased investment will be pinpointed by new boss Guy Gittins through an operational review that is 'focused on driving growth and rebuilding 'the Foxtons' DNA''.
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Posted at 02/11/2022 07:17 by bigbigdave
Foxtons Group PLC

02 November 2022

FOXTONS GROUP PLC (the "Company" or "Foxtons")

UP TO GBP3 MILLION SHARE BUYBACK PROGRAMME

Wednesday 2 November 2022

Foxtons Group plc (LSE: FOXT) announces the commencement of up to GBP3m share buyback in line with the Company's policy of returning excess cash to shareholders. The proposed share buyback will be funded from accumulated cash resources. After considering the strength of the Group's balance sheet, forecast liquidity, timing of further lettings portfolio acquisitions and the prevailing share price, the Board has decided to accelerate the return of excess capital to shareholders through the buyback announced today. Year to date, GBP3m of shares have been bought back and GBP8.7m of cash invested in lettings portfolio acquisitions.
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Posted at 01/11/2022 16:41 by tole
https://masterinvestor.co.uk/equities/sysgroup-centralnic-and-nine-other-interesting-small-cap-stocks/Foxtons Group (LON:FOXT) – no letting up it is going strongLondon's leading estate agency, continued to make progress in the third quarter delivering growth across all areas of the business, with revenue in the three months ended 30 September 2022 up 25% to £43.8m (Q3 2021: £35.1m).Revenue for the nine months ended 30 September 2022 was £108.9m, up £10.4m, or 11% on the prior year.Guy Gittins, CEO, stated that:"We enter Q4 with a less certain sales market backdrop, but cost action taken in H1 and our resilient lettings and financial services businesses leave us positioned to weather further macroeconomic and political challenges.Whilst we are mindful of the ongoing macroeconomic and political uncertainty, the strength of our performance in the third quarter gives us confidence in the outlook for the full year. Accordingly, we now expect to deliver a result for the 2022 financial year ahead of our previous expectations."From a week's low of 27p right up to 33.5p was the reaction to the third quarter indications.The shares are still a very long way off my entry value over a year ago, and as for the Target Price – well what can I say? I was too previous.Perhaps it may mean that a takeover for the group could be the only way for my price aim to be achieved.Analyst Greg Poulton at Singer Capital Markets rates the shares as a Buy.He is looking for revenues this year to end December of £134.9m (£126.5m), with adjusted pre-tax profits of £11.7m (£7.8m), taking earnings up to 2.7p (1.9p) and covering a dividend of 0.80p (0.45p) per share.His price objective is 69p.
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Posted at 27/10/2022 07:12 by bigbigdave
AHEAD!


27 October 2022

Foxtons Group plc

Q3 Trading update

Lettings continues to drive solid performance alongside strong sales revenue growth

27 October 2022 - Foxtons Group plc (LSE:FOXT), London's leading estate agency, continued to make progress in the third quarter delivering growth across all areas of the business, with revenue in the three months ended 30 September 2022 up 25% to GBP43.8m (Q3 2021: GBP35.1m). Revenue for the nine months ended 30 September 2022 was GBP108.9m, up GBP10.4m, or 11% on the prior year.

Commenting on Q3, Guy Gittins, Chief Executive Officer, said: "I'm delighted to be back at Foxtons and to have met with so many of the talented team since my arrival in September. The business has significant unfulfilled potential and there is a shared understanding and vision of how we can deliver this. I am excited about leading this reset and determined we can get Foxtons back on the front foot. This quarter has seen continued positive momentum with growth across all areas of the business. Our lettings business performed strongly as we delivered both organic and acquisitive growth. Our investment in sales negotiators, combined with strong buyer demand and a renewed focus on sales intensity has benefitted our sales business. We enter Q4 with a less certain sales market backdrop, but cost action taken in H1 and our resilient lettings and financial services businesses leave us positioned to weather further macroeconomic and political challenges."
Lettings revenue was up 18% in the quarter to GBP29.2m (Q3 2021: GBP24.8m), comprising GBP3.1m of organic growth and GBP1.3m of incremental revenues from the acquisitions of Gordon & Co and Stones Residential in May 2022. Both acquisitions are performing in line with our expectations and integration is well progressed. Organic growth was driven by a 23% increase in average revenue per transaction, as higher average rental prices and longer tenancies offset a 9% decrease in lettings volumes. Rental price growth was underpinned by strong domestic tenant demand and growth in international tenants and corporate relocations over the summer months, while rental stock levels remain constrained. Lettings revenue for the nine months ended 30 September 2022 was GBP68.6m, up GBP10.9m, or 19% on the prior year.

Sales

Sales revenue for the period was up 44% to GBP11.9m (Q3 2021: GBP8.3m) reflecting a 39% increase in sales volumes and a 2% increase in average revenue per transaction. Higher volumes were driven by a more normalised market in Q3 2022, in comparison to the prior year which was impacted by the pull forward effect of the 30 June 2021 stamp duty deadline. The increase in average revenue per transaction reflects early progress in targeting higher value properties in our addressable markets.

At the end of Q3, the under offer pipeline was 15% higher than the same point last year. Despite a robust quarter and growth in the pipeline, we enter Q4 with a less certain market backdrop and are alert to the macroeconomic and political challenges which may impact conversion to revenue in Q4. Sales revenue for the nine months ended 30 September 2022 was GBP32.7m, down GBP0.8m, or 2% on the prior year.

Financial Services

Financial services revenue was up 37% in the quarter to GBP2.8m (Q3 2021: GBP2.0m), reflecting a 27% increase in mortgage transaction volumes and an 8% increase in average revenue per transaction.

The Group is committed to profitably growing financial services over the medium-term and Q3 revenue growth reflects progress in building adviser headcount and delivering increased cross-selling of protection products, alongside a more normalised sales market. Financial services revenue for the nine months ended 30 September 2022 was GBP7.6m, up GBP0.3m, or 5%.

FY22 full year outlook

Whilst we are mindful of the ongoing macroeconomic and political uncertainty, the strength of our performance in the third quarter gives us confidence in the outlook for the full year. Accordingly, we now expect to deliver a result for the 2022 financial year ahead of our previous expectations.
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Posted at 22/6/2021 15:29 by strollingmolby
A little activism wouldn't hurt here...

More dissent over Foxtons’ performance among key shareholders
Hosking Partners, which holds a 11.3% stake in Foxtons, has written to the agency's chairman to complain about its poorly performing share price.

The battle for control over Foxtons future direction has taken a new twist after it has been revealed that major shareholder Hoskyn Partners has written to the estate agency’s chairman Ian Barlow outlining its dissatisfaction with the company’s performance.

The city fund, which is run by prominent Brexiteer Jeremy Hoskyn (pictured), recently increased its holdings in the company from 10.93% to 11.21%, making it one of the largest shareholders in the estate agency.

Hoskyn’s letter to Barlow outlines concerns over Foxtons share price, which has fallen from a 2014 high of £4 a share to 59p today, and remains a third lower than its pre-Covid price of 93p a share.

The complaints come despite the launch of a radical expansion plan by Foxtons’ C-suite team on Friday which includes using tech to increase profitability and opening virtual offices in the Home Counties and 15 cities around the UK.

But Hoskyns is not the only shareholder unhappy with the company’s performance.

Robin Paterson’s investment fund Catalist Partners, which holds a much smaller number of shares in the company, last week launched its own broadside against the Foxton board.

A Hoskyns spokesperson told The Times: “Hosking Partners believe the time has come for radical board-level change at Foxtons.”

The estate agency told the newspaper that: trading had been strong and that it “has a clear plan for growth and the board has total confidence in the executive team’s ability to deliver on the strategy”.

Https://thenegotiator.co.uk/foxtons-hosking-dissent/
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