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'Housing market downturn pushes UK estate agents to consolidate'
Its nothing new which has already been commented on here previously but worth a read nevertheless. Its on the paid access platform but you can read the link once or print the article it to file.
https://www.ft.com/content/3b165342-e418-4426-8863-67000f6de965
Simon Agace That's Winkies of course
A good fit for Foxtons as an instant reach into the regions with plenty of gaps to be filled in between
Perhaps expand the idea that Winkies have adopted in Tooting and Crystal Plaace of a "hybrid franchise" where the company and the franchisee share equity
Keeps the best performing staff fully vested
Its certainly working out well for Winkies
Foxtons would have certainly had their eye on FSH Smart Move by Dexters
Looks like its the place to be for a bit of M&A
All eyes wil be on Simon Agace whose 81st birthday was this month Holding 41.25% Just a question of time when that comes into play
And another :-
https://propertyindustryeye.com/leaders-romans-group-agrees-major-deal-to-buy-31-branch-estate-agency-giant/
Gone quiet over the last two weeks or so, think again Dexters aren't hanging around that's for sure :-
https://propertyindustryeye.com/eye-exclusive-dexters-set-to-acquire-major-london-rival/
Lets hope so , but today's US CPI really ignited US equities even real estate.
Some lively action in the last hour, over 40 trades executed after just a handful again this morning .
Good to see that the US boys are up to their games again, should be a fun afternoon all !!!!
Well as rates are decreasing a lot on the back of the CPI data in the US , the UK ones down too today 5y at 4.223. That usually correlates well with Foxtons. Rates down Foxtons up . I don't really see a slowdown for Foxtons so keep on holding my position here .
Quelle surprise, another US institution topping up !
#matesrates
Well, it seems that you're right, today is looking as interesting as yesterday. Long may it continue!! This has been something of a 'wait' for me.
Don't know what you are looking at mate but Yahoo shows 4.46m shares traded yesterday
Final count before the first reported trade of 5 shares this morning :-
42,551,265 shares or just over 14% of the company
Lets see the market take down the stock again today (not !)
:)
I very much doubt it, we had a similar instance at the end of last month with 14.7m shares traded and 5.8m shares traded all before 08:00am at the end of last month on two separate days and which I posted, then came the RNS holdings announcement the following day.
Now take a look, we're up to 41m shares now !
https://uk.finance.yahoo.com/quote/FOXT.L?p=FOXT.L&.tsrc=fin-srch
I mean 4m shares is still significantly higher than normal.
What I find strange is how that high a level of stock share can change hands at no significant price variation. Could be the MMs have been gathering stock to fill those large late reported trades?
I think there's something wrong with their data.
If you click on the graph it shows 1.4m odd up until the close, I guess the after close reporting is not shown but even then its 4m shares.
Well, just had a look on the Yahoo business website this morning and share volume reported in Foxtons .........36,682,125 .
Yes, that's over 12% of the company !!
Here is the cut and pasted screen shot :-
Foxtons Group plc (FOXT.L)
LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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Quote lookup
40.00+0.95 (+2.43%)
At close: 13 November 05:15PM GMT
Summary
Chart
Conversations
Statistics
Historical data
Profile
Financials
Analysis
Options
Holders
Sustainability
1D5D1M6MYTD1Y5YMaxFull screen
Previous close 39.05
Open 0.00
Bid 0.00 x 0
Ask 0.00 x 0
Day's range 0.00 - 0.00
52-week range
Volume 36,682,125
Avg. volume 347,880
Market cap 120.518M
Beta (5Y monthly) 1.60
PE ratio (TTM) 13.33
EPS (TTM) 0.03
Earnings date N/A
Forward dividend & yield 0.01 (2.25%)
Ex-dividend date 03 Aug 2023
1y target est N/A
And here is the link to see it in full before 08:00am today or when the first trade in Foxtons is reported this morning :-
https://uk.finance.yahoo.com/quote/FOXT.L?p=FOXT.L&.tsrc=fin-srch
Well, just 22,000 shares traded up to 12.00pm today and then 2 lots of 500,000 shares followed by some order book shenanigans by the MMs in the afternoon to keep the price back under 40p and then some lumpy trades just published after hours.
Tomorrow could be just as interesting !
Was about to say something similar. Be good to see a close over 41.5 (42 to be safe) and it would seem plausible that the SP favours a move to 57-58 (57.7). This is starting to look very interesting.
Just shows that when we get a minimum of trades the stocks rallies quick ! Imagine if we really had some volume Tells me this may be ready for movement and big one too. I hold a few .
Hardly a surprise considering the lengths the MMs are going through to keep a lid on these !!
Although it says it includes gross assets of £5m so it looks as if the freeholds have been thrown in !
The founding g partners have a proprty portfolio in asperate company which includes 5 of the branch offices which are paying a rental of c £280,00pa https://find-and-update.company-information.service.gov.uk/company/11535537/filing-history
Sounds very much these arent included on the sale The value of these of course enhanced if Foxtons are on the hook on long leases.
Their current available e sales and lettings inventory doesn't look overfull either
Less than 400 sales and 125 rentals
https://www.zoopla.co.uk/find-agents/company/ludlow-thompson-14699/
Correction they didnt make a trading loss but a profit of £100 k on T/O of £7m + but showing a defefcit
Yes, if you look at the tenancies that have been bought via acquisition this year and last year, it’s clear that the business has been organically losing tenancies. We should have hundreds more than the 28,200 reported today.