Foxtons Share Price (FOXT)

Spectre

Who are the conspirators working away to keep a lid on Foxton's share price? And why are they doing it?

I mentioned a couple weeks back about how markets were due to turn South and that the US Dollar would start to strengthen.

Well, quelle surprise here we are and already we're seeing bid and merger activity involving US companies and hedge funds as the Dollar gains across all world currencies.

Total manipulation of course and expect the Dollar to gain parity versus the Euro and break $1.20 versus GB sterling as we move into the Summer months.

Makes a US fund more than likely a bidder for Foxtons in my opinion and especially after all the market antics in keeping a lid on the share price of Foxtons over the last year or so preventing any real price appreciation of the stock.

'could be sold for 70p to 100p' suggests they'd be surprised if they actually got a bid of 70p then!

These ST stories are likely being placed by one of the players. Either Foxton's or more likely the Foxton's bankers to drum up interest or the unhappy shareholders to do the same. One way or another Foxtons is up for sale, question is, is there a buyer at the right price? My feeling, judging by the lack of movement in the SP, is its not obvious there is.