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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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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.
Market might like it but i am fairtly luke wrm over an all cash offer which is effectively a golden goodbye for retiring founding partners.
Much of the goodwil evaporating when they leave and no gurantee that those lanflords will continie using services
Also a disgruntled layer of sebior stff who were hoping to have a lump of equity now reduced to salarymen
Furthermore they have just posted a thumping great loss
Decent outfit but sounds expenive to me
https://find-and-update.company-information.service.gov.uk/company/05955309/filing-history
Another earnings enhancing acquisition announced this morning and the Kings speech later as a prelude to the Chancellors Autumn statement later this month and which will be predominantly based on housing will tick further boxes for Foxtons.
Nice.
Well if someone has come knocking at £1.25, I suggest they do an about turn and come back with something more realistic !
Ok, £1.25 is a nice opening gambit but arguably Foxtons are performing better now than since the days when Jon Hunt was at the helm and where sales was the key driver of the business, my goodness how things have changed in just the last couple of years.
I doubt if Converium Capital would be too happy either, especially after this letter last year (in case anyone hasn't seen it) and have they added another 2% to their Foxton holdings since.
https://www.businesswire.com/news/home/20220316005214/en/Converium-Capital-Sends-Letter-to-Foxtons-Group-Board-of-Directors
Look at the other thread, it's suggesting someone's come knocking ...
It should. Look at GB05Y curve on trading view Everytime rates start to fall Foxtons goes up and rates are now forecasted to fall . Was looking at the SOFR in the US and 2024 should see rate cuts based on the forward swap curve , am looking for the UK one .
Me am bullish here as activity will pick up as financing costs fall . Rents already doing very well . Recession or not London will get busy
Can it break 40p!
Yep, somethings happening
As predicted.
Nice.
Proving to be resilient based on today's stats , MoM +0.9% vs -0.4% forecasted and YoY -3.3% vs -4.8% forecasted+
Strikes me as once the extreme low rates are washed out the market will settle to more realistic expectations and better financed mortgages . Too many had interest only type mortgages. Very wrong .
At least in London all I hear is that finding a place is very hard , so not much has changed at all. Always has been the case
Yes interesting.Certainly worth keeping a tight grip on the golden vouchers .
For Paterson et al to come out ahead of the game they will need to see above 70p
I mentioned yesterday of 14,782,440 shares traded in Foxtons before the open and again today the volume so far is 5.4m shares, so that's just over 20m shares traded or 6.7% of the company.
Someone out there is obviously trying to keep attention away from prying eyes and is conducting trading in Foxtons shares away from the main exchanges.
If anyone knows where to get this information, please do by all means post it here but I will make enquiries.
The stock was held at 37p yesterday around 900,000 shares were sold to keep a lid of 37p on the order book, expect more of the same today.