onedb1
27 Jun 2016
Re: NEW ARTICLE: Foxtons shares suffer major... Brexit probably just accelerated the trend . At least in my opinion But chart seems to imply so . It will be a case of at what levels is the new low too low . Tough call
II Editor
27 Jun 2016
NEW ARTICLE: Foxtons shares suffer major correction " Its 230p IPO price a distant memory, London estate agent LSE:FOXT:Foxtons plumbed new lows Monday after warning that profits will be much worse than expected this year. Prospective homeowners, who put off one of the biggest investment decisions ..."[link]
onedb1
27 Jun 2016
Am not long yet but at some point I will as despite not liking the agency and business , it is fair to say that the stable rental market and property demand supply issues in London will still be there , whatever happens in the future ! London is not going to be able to print land after all So at some point I will dip in to this one
II Editor
27 Apr 2016
NEW ARTICLE: Foxtons sunk after fresh warning "George Osborne's decision to increase stamp duty on buy-to-let investments and second homes caused a stampede to beat the 1 April deadline. It guaranteed a record first quarter at LSE:FOXT:Foxtons. Unfortunately, this flood of activity reduced ..."[link]
onedb1
05 Apr 2016
Chart has been bearish for ages Wondering if we see a break out of the long term downward channel or the 170p is not going to get breached and we don't get any breakout As the chart has been ranging since Jan , I wonder if its bottoming out ? Not Long or Short here just waiting for a new trend to start
MichaelPortfolio
08 Mar 2016
Re: Excellent BUY Shot down in flames more like
Sir Singh
25 Jan 2016
Excellent BUY Estate agency is not slowing down in 2016. I'm in. It's on fire. I expect a massive positive update soon.
Sir Singh
25 Jan 2016
Excellent BUY Estate agency is not slowing down in 2016. I'm in. It's on fire. I expect a massive positive update soon.
onedb1
14 Dec 2015
Re: Why is this dropping so much Actually what is factually happening is a fall in transactions which hurts Foxtons and similar companies You can read their latest RNS and get the data from there , so not discussing this point as its a fact . Ie Transactions have fallen a lot ,way more that your view on prices. No one is selling and stock is scarce. This is also fuelled by the brakes from the extra stamp duty . I think that the market will stall . We'll continue to see renters increase and staying much longer in rented accommodation . There is nearly no hope to get on the housing ladder . But unless we see a strong rise in interest rates and a population decrease I can't see the actual price of a home / flat fall by too much . Might be stagnant for ages and we may see many stay put in their flats/homes for ages ! Making a job at Foxtons less lucrative for sure . The market is somewhat broken as its been pushed high for too long and now there is no mobility What may happen is that London becomes less appealing ( i find it hard to believe for now ) and businesses move to find talent at cheaper costs elsewhere . Banks have done that massively and IT firms are doing so too now. But I fear that for now the numbers are just showing a big influx and no decrease in population whatsoever . The only borough showing a decrease in population is Chelsea and Kensington .
MichaelPortfolio
04 Nov 2015
Re: Why is this dropping so much Foxtons tactic is to overprice their properties and wait for the market to catch up with them. Not an ideal tactic in a falling market.
parinej
04 Nov 2015
Why is this dropping so much House prices in central london are expected to fall over the coming months, but as prices drop we will see a new influx of people wanting to buy therefore increasing the number of transaction. After all FOXT make money on the number of transaction it makes which has no bearing on house prices!Please correct me if you think I'm wrong
II Editor
22 Oct 2015
NEW ARTICLE: Foxtons outdone by canny Zoopla "With buyers put off by high house prices and stamp duty charges, the number of property transactions in central London is at historical lows. With a massive footprint in London and Surrey, that's shaken the foundations at estate agent ..."[link]
oldjoe1
25 Aug 2015
Hedge fund Adds to FOXT SHORT.... Hedge Fund adding to its short position.........Fund manager % short Change Date changed/createdAKO Capital LLP for AKO Master Fund Limited 1.72% ↑ 0.06% 2015-08-18Total 1.72%
oldjoe1
30 Jul 2015
EVIL K Says SELL FOXT........... The Evil Diaries: Foxtons, Pets At Home and Globo:You could knock me over with a feather. As soon as I went through today’s half year RNS from Foxtons (FOXT) I decided that the share price would go straight down through 200p. But, instead, at the time of writing, it is hovering around 240p. It is true that I do not like the cut of FOXT’s gib (spivvy staff and very questionable practices in the management department) but earnings have declined on last year and there is no reason to believe they’ll get better. Anyway, this is a slam dunk short up here.[link]
oldjoe1
30 Jul 2015
FOXT Broker Says SELL....... CITYWIRE........Lettings risks and Budget problems dog FoxtonsBudget changes affecting buy-to-let will pose a ‘fresh challenge’ for estate agent Foxtons (FOXT), which saw first-half profits fall 22%.Peel Hunt analyst Gavin Jago retained his ‘sell’ recommendation and reduced the target price from 230p to 205p. The shares rose 7.4% to 239.4p yesterday.‘First-half profit before tax was down 22%, driven by lower sales and higher costs from new branches,’ he said. ‘While the sales pipeline has improved since the election, we believe the removal of certain tax breaks for residential landlords in the Budget presents a fresh challenge for Foxtons, as its fees are at a premium to most of its peers.’Jago noted the increased risks around lettings which mean ‘risks remain weighted to the downside’.‘We believe the risks around lettings have increased and we have revised the multiples used in our target price,’ he said. ‘While we retain our forecasts at this stage, we have reduced our target price to 205p.’hxxp://citywire.co.uk/money/the-expert-view-taylor-wimpey-barclays-and-foxtons/a829910?ref=citywire-money-latest-news-list#i=6
