Foxtons Group Live Discussion

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duknweev 09 Jun 2015

Re: quite cheeky "Foxtons charged lecturer £616 to change light fitting... now class action could cost firm £42m"[link]

onedb1 08 Jun 2015

Re: quite cheeky Dodgy Foxtons !! That is always how I feel about these estate agencies. They hire uneducated kids , make them wear a suit and make them believe that they are some sort of business man/woman for showing you around a small flat in London . Time they got their comeuppance . At least the share has been knocked down 50p from recent rally highs .

lambrini girl 07 Jun 2015

Re: quite cheeky [link]

onedb1 03 Jun 2015

quite cheeky Its all conjecture but ... a little too close to be totally void of suspicion in my book So yesterday I saw Foxtons and Savills retreat quite nicely . in fact they went from 289 2 days ago till today . Now, suspicious me says how weird when at 7.00 am this morning we had the Nationwide data ... Its almost like some knew in advance ... Just saying Am neither long or short here . Still out .

onedb1 02 Jun 2015

kicked back down tough to make my mind up here lol I'd like a severe retrace but it might be more wishful thinking than any real analysis .

onedb1 27 May 2015

on a bull run , strong RSI 50% retrace did not last too long as resistance , on to the 61.8 level now , so north of 300p In my view . Absolutely no advice intended

onedb1 20 May 2015

looks like it doesn't want to stop at the 50% retracement level ! 61.8 next ? Still no trade for me . Am conflicted here . At 273.75 it would suggest no retrace at this level though it found so temporary resistance today it looks like it will not stop . No trade either way so far . Maybe its a good thing , let it rise and rise , the more the merrier. Today I missed out on Vodafone so am a bit upset lol !! had the 228 bid and did nothing ! !damn

MyHobby 19 May 2015

Re: Foxton TA , 50% retracement I'm not a chart expert but I just can't see how they are worth 35% more than a month ago and 80% more than Xmas lows unless the first decline was overdone. My nee local Foxtons still looks empty. D

onedb1 19 May 2015

Re: Foxton TA , 50% retracement meant to say "revisiting the 20sma" not "revisiting the 50sma' .

onedb1 09 May 2015

Hope no one got caught out post Fridays rally With the threat of the elections now dead , am bullish again on the sector , not mansion tax no polices of envy . Market prefers stability clearly

onedb1 07 Apr 2015

Re: FOXTONS JOB CUTS....... I take it you are short then Oldjoe ) Whats your target and at what level did you open your short ? ( if you wish to disclose ) I am looking at this too now . on the back of a chart indicator which I am looking at today .

albent 05 Apr 2015

Established income payer, in a sound financial position with a proven track record. Any thoughts on LSE:FOXT [link]

oldjoe1 13 Mar 2015

Foxtons SP Lowered to 178p Target... Foxtons Group PLC PT Lowered to GBX 178 (FOXT)Posted by paymon on Mar 12th, 2015, Updated Mar 13th 2015Research analysts at Credit Suisse lowered their target price on shares of Foxtons Group PLC (LON:FOXT) from GBX 181 ($2.73) to GBX 178 ($2.68) in a report released on Wednesday. The firm currently has a “neutral” rating on the stock. <b>Credit Suisse’s price target suggests a potential downside of 8.01% from the company’s current price.</b>Foxtons Group PLC (LON:FOXT) opened at 193.50 on Wednesday. Foxtons Group PLC has a 52-week low of GBX 142.70 and a 52-week high of GBX 392.40. The stock’s 50-day moving average is GBX 195. and its 200-day moving average is GBX 189.. The company’s market cap is £545.88 million.

oldjoe1 13 Mar 2015

FOXTONS JOB CUTS....... FOXTONS JOB CUTS......<b>Foxtons has made up to 60 of its agents redundant after a sudden downturn in the London property market that caused the estate agent’s annual profit to fall.</b>The London-based agent hired extra staff early last year expecting the frenzied property market to continue. But an abrupt slowdown in the second half prompted it to cut between 50 and 60 jobs – representing up to 7% of its workforce – towards the end of the year. Foxtons’ chief executive, Nic Budden, told industry analysts: “We saw very significant activity in the market during the first half of 2014. We had already used up excess capacity in the business in 2013. We began to recruit for what we thought was a longer term uplift and as the downturn came we were a little bit overstaffed and we reduced that overstaffing.”The job losses may not draw that much sympathy from buyers and sellers of houses in London. Foxtons’ sharp-suited agents are known for their aggressive sales tactics, high commissions and for driving round in liveried Minis.Foxtons employees are encouraged to live on their wits and have little security from the outset. When a new agent is hired, they are given the use of a boldly painted Foxtons Mini and can choose to earn a £10,000 salary – less than the minimum wage – plus 10% commission or a £17,500 salary plus 5% commission.The group’s earnings before interest, tax, debt and exceptional items fell by 6.9% to £46.2m in the year ending 31 December. The figure, Foxtons’ preferred measure, was roughly in line with analysts’ average forecasts. Pre-tax profit rose 8.2% to £42.1m.Foxtons blamed much of the market slowdown on wariness among buyers and sellers created by the approaching general election.Budden said: “We see the sales market remaining somewhat constrained until at least after the general election and even then we will need some certainty and clarity in the market before we can predict with any level of certainty where volumes are likely to move in the market.”

oldjoe1 12 Mar 2015

Re: FOXT Profit Warning....... <b>Market buzz - The speed of the slowdown in house price rises in the capital surprised markets and investors in Foxtons were no exception. Yesterday the firm reported interim adjusted earnings of £46.2m, well below the £57.2m which analysts had pencilled in. To some degree the lettings business has acted as an offset to property sales, rising by 7.7% over the last three months. The company timed its flotation very well, hitting the market at a peak. Having begun its life as a listed company at a price-to-earnings multiple of approximately 19 times' earnings in February at one point last year they changed hands at 27 times earnings. Now, at 16 times earnings they still look overvalued. Avoid, says The Daily Telegraph's Questor column.</b>

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