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Looks like Ludlow Thomson had an office there. My guess would be they are moving back office staff out of London. IIRC the Chiswick HQ lease is coming to an end soon. They'll ditch that cost soon and move those that don't need to be in London to a cheaper location and downsize the size of the HQ.
Ah yeah could be BTR. This was published earlier today https://www.lettingagenttoday.co.uk/breaking-news/2024/2/foxtons-says-build-to-rent-has-vast-growth-potential-as-tenants-age
Nice find, albeit a bit of a swerve ball that one ?
I wonder if it has anything to do with Berkeley Group new homes division ? We know that Foxtons are in partnership with them and maybe its their 'build to rent' homes division perhaps, that is if Berkeley has a new development there ?
Worth doing a bit of research tomorrow to see what I can find but very interesting nevertheless !!
Https://careers.foxtons.co.uk/vacancies/557/property-manager--worcester.html
A lettings role in Worcester!??
They tried.... which in a way is good for those buying the dip in the trend .
After Friday's big fall in the 2s and 5 year rates this is the time that real estate gets a boost . Come April I think we get the energy cap dropping by 15% which should lower inflation by quite a bit too. I reckon that somehow and miracously the government will get lucky as inflations drops and things improve fast
Interesting !!
Big week for Foxtons and the property market next week, time for a last bit of market game play ??
With a splash of Joop ,the neggies are pumped primed and loaded .The Minis are revved up
The high value postcodes Sloane Square.Knightsbridge etc are still treading water
Foxtons offices at Fulham and Earls Court have healthy inventories agan with pedestrian level of sales
The potential here for uplift as and when the market gets motoring is huge
Patience required.
To see the level of algo trading starting to nudge up. Institutional trading has been returning. Could be someone trying to pick up stock on the cheap post the results?
If the Government back 1% mortgages this will transform the london market in terms of sales.has to be agreat time to buy in beofre the 6th IMO
We’re halfway through Q1, and by my reckoning, Foxtons sales are more than 20% up on the same time last year.
I haven't posted too much with regards to these posts as we all know by now that Foxtons are smashing it in every division and are now even offering finance on Auctioned properties, yet another CASH income stream.
UK property focused Budget in two weeks time and now quelle surprise the Chancellor has a few quid to spend so all looking good and whisper it quietly but who knows we may even get an interest rate cut ?
Foxtons now the fastest growing UK Estate Agency brand in the UK ??? :-
https://www.linkedin.com/posts/georginahowell_wegetitdone-foxtonscareers-workforus-activity-7165356160697503744-EmQ1?trk=public_profile
"Trustpilot reviewsare littered with complaints about poor commuincation and no show"
That was meant for Yopa and Bricks not Winkies who have some excellent franchisees They go head to head with Foxtinsins s in Tooting
There are currently 15 Foxtons branches carrying in excess of 100 sales instructions
The onliners of course have been the grateful recipients of investors money. Fingers badly burned there
Unlikley those behind Purplebricks/.Strike will be able to head to the market for a listing to raise capital orcash in some chips for at least sometime if ever .
Early days of course but no evidence that the Purplebricks/ Strike merger is achieving any synergy . Trustpilot reviews are littered with complaints about poor commuincation and no shows .
Recently announced a push in London Suspect Foxtons are.nit too concered LOL
Similalry Yopa are treading water
Beggars belief classy Savills decided to throw some more £ into the pot there having already written off a substantial investment
Meanwhile Winkies have kicked off Q1 satisfactorily without setting the Thames alight
Trustpilot reviewsare littered with complaints about poor commuincation and no show
Https://thenegotiator.co.uk/foxtons-high-flyer-moves-to-lrg-to-head-up-mortgages-operation/
The whole industry seems to be gearing up
The question is will 2024 see fresh listing in the sector or is too premature?
You would have thought one of the following at some stage investors would be llooking to cash in some chips
Leaders Romans
Dexters
Lomond
Emeria (Chestertons)
And for the industry as a whole, article published by Rightmove yesterday just re-affirming how property sales have accelerated since the beginning of the year.
Expect more of this in the coming weeks and especially after the housing focused Budget in early March following on From Foxtons annual results, the company's best results since 2014, the article in full :-
https://uk.investing.com/news/economy/uk-property-prices-show-first-annual-rise-since-august--rightmove-3342600
Https://thenegotiator.co.uk/adam-walker-why-is-foxtons-so-undervalued/
I crudely interpret this to mean that Foxtons lettings revenue should increase by approx 25% this year. That’s huge!
Nice article this morning to kick off the week, half term over and everyone back to their desks this morning lets see what the bandits do with the share price this week after it registered five out of five day for gains last week.
https://www.mpamag.com/uk/news/general/london-lettings-market-sees-surge-in-listings-foxtons/477616
No complaints .The thick end of 30% rise in 2024
Maybe a pause for air around 65p as the market cap circles around £200m & possibly a few banking a profit
As suggested t not the time to lose a position with every likelihood a predator sniffing
Should imagine it might need a big shot to achieve with the fragmnted ownership
Double bubble?
Looks like the market was desperate for stock yesterday, hence this article in the Daily Mail lunchtime yesterday pointed out to me this morning , looks like they're trying everything to get shareholders to sell up and move on !
Not happening here so pretty much wasting their time but good to see that the Daily mail are now finally printing more than a paragraph of text about Foxtons when in the past its just been a few lines :-
https://www.thisismoney.co.uk/money/markets/article-13074027/What-Foxtons-recent-revival-London-estate-agent-hold-stock.html
Wonder if there is a bid coming? If you were looking at FOXT then you would have to move soon I reckon. If they hit their 25-30m target in the next couple years then at 2023 PE you would be looking at 120p minimum plus the premium. Today you could probably take it out for a quid.
Any guesses when we’ll hit 65p?
Hehe
60 was hit right at the close
HAPPY DAYS !
I really wasn’t expecting it to happen today. I’m expecting this trend to continue until 5th March at least. And isn’t it interesting that we havent seen any RNS announcements about shareholdings.