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Suspect they have burnt £12 of the £26m altready shovelled in
The reality is for Foxtons Winkies etc the threat of any further disruiption by these new kids on the block has evaporated
It beggars belief that Savills lumped even more money into Yopa
All we need now is for the expensive london postcodes to get dancing.
Grant Thornton are not seeking re-election as auditors. Probably don’t wanna be associated with a slow motion train wreck
Https://find-and-update.company-information.service.gov.uk/company/07622707/filing-history
Another thumping great loss by Strike and investors have stunped up another £26.2m in the last 12 months swallowing up Bricks
Crazy stuff
Strike see theway forward as Fintech Selling a few mortgaes and trousering £60 AML fees
Your eally couldn't make it up
Foxyse must be having a right old laugh
If this goes below 50p I'll be piling in. Seems to me there is absolutely no reason for the SP to be at this price other than delayed interest rate cuts but on the credit side the London sales market is finally starting to pick up, prices rising, and FOXT with a MTP to double the profit well under way with motivated and incentivised management.
Assuming Sir Starmer doesn't f**k it up then £1 plus here is looking easily achievable and a short term 20% likely not to mention a takeout at £1 plus.
Govt doesn't have anything up its sleeve. It's as dead as a dead parrot. And as useful...
Just reclaiming some of the 15% the price lost since hitting 60p a few weeks back.
Management piled in as well last week before the last financial year ended.
Looking good on all fronts for Foxtons and I'm still scratching my head as to why there was nothing for the housing sector in last months budget.
Hmmmmm, very strange , I wonder what the government has up its sleeve ?
Tipped here today:
https://masterinvestor.co.uk/equities/foxtons-group-and-billington-holdings-set-to-move/
Stock now at its year low when priced in US Dollars.
Quelle surprise !
Ctd.
Funds will be looking to pick up cheap UK assets after driving down prices to some record lows, so expect a few takeovers in the next few months over the Summer and before the US presidential elections.
As the Dow touches 40,000 and Bitcoin reached $72,000 give or take and Gold recording historic highs when priced in US Dollars expect all three to turn South in the next few months.
US Dollar wil strengthen and thus all the US banks and hedge funds/private equity
Nice, I mentioned a few weeks back that we will see sales as well as financials from Alexander Hall reach a record high for Foxtons.
April trading statement due shortly but as we've witnessed over the last 18 months expect management to play down the performance of the company for yet the umpteenth time.
This week saw the biggest jump in sales (plus 80) since the stamp duty holiday bonanza in 2021
Looks like sales for Q1 are approx 40% up on 2023
Excellent summary of the fortunes of property companies in 2023 on the Property Industry eye website this morning.
Looks like debt will be very much the downfall of many in an industry that's rapidly losing the weak competitors.
Can't download the article on this laptop but well worth a read.
SP taking a bit of a slap since results any thoughts out there?
Sales moving along quite steadily (as you would expect in March) so no disappointments there .
Islington always a good marker with a mix of properties and prices , The last few weeks have seen a number of sales and plenty going under offer which augurs well .
For fairness and disclosure I hold a nice position in my pension fund. Long term for me and can ride and add on all the dips along the way until my retirement.
Easiest hold ever .
Plenty of opportunity to renter here I should think as its going to be bouncing along but I wouldn't leave it too long
Was happy to buy back in today at sub 55p
I was hit at my stop loss level at 56.14 ( entry point was 35p) . So closed a large part of my position here.
I do like the stock and will continue to follow and see if this reversal will allow me a new entry. Maybe yes maybe not But don't want to alienate anyone Long so I hope it keeps rising and you all bag loads of money.
I only hold a small residual amount now .
Rates on the 5 year now below 4% for the past 4 days . Will be keen to see this consolidate to see decreasing mortgage rates . That and the capital gains tax decrease is good news for London real estate .
MM's seem determined to keep this below 60p. It keeps getting close and they let algos walk it back down. I wonder why!
Mr Gittins will be on Sky Business shortly.
Prob includes acquisition numbers .All a bit cloak and dagger to me.Al;l very mice buying 300 new minis but 300 x 30k a go is a lot of dosh.
Seems a bit top line vanity but maybe medium term will come good.But disappointing when the detail is given IMO and the market agrees by looks of it