Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
At 16:35pm today !
:)
Any guesses when we’ll hit 60p?
Can't ask for more , as I said 1 sometimes 2p a week ! Brilliant till we reach 120-150p
Thanks for that.
Final count before the first trade of the morning of 2758 shares........8.1m !!
Brilliant stuff eh, expect more 'cloak-and-dagger' game play via the order book again today for yet the umpteenth time !
I mentioned a few weeks back just after the Foxtons end of year trading statement about all those huge volumes being dealt in the shares but away from the main exchange and away from prying eyes more importantly !! Well, we saw some 65m shares traded the day after the trading statement and around 2.5m shares traded on the following Monday.
Half term school holidays this week so many people taking time away except for these lot :-
Foxtons Group plc (FOXT.L)
LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
Add to watchlist
Quote lookup
58.00+0.70 (+1.22%)
At close: 13 February 04:35PM GMT
Summary
Chart
Conversations
Statistics
Historical data
Profile
Financials
Analysis
Options
Holders
Sustainability
1D5D1M6MYTD1Y5YMaxFull screen
Previous close 57.30
Open 0.00
Bid 0.00 x 0
Ask 0.00 x 0
Day's range 0.00 - 0.00
52-week range
Volume 6,950,640
Avg. volume 600,441
Market cap 174.751M
Beta (5Y monthly) 1.71
PE ratio (TTM) 19.33
EPS (TTM) 0.03
Earnings date 05 Mar 2024
Forward dividend & yield 0.01 (1.55%)
Ex-dividend date 03 Aug 2023
1y target est 59.50
Yep, nearly 7m traded before the market open this morning. We know this figure will get scrubbed once the first trade is reported from 08:00am this morning but good to see there's no let up in keeping a lid on the share price by those devious market players.
And the link :-
https://uk.finance.yahoo.com/quote/FOXT.L?.tsrc=fin-srch
The company has already telegraphed around £147m turnover for 2023 with operating profits around £14m, with the rental side of the business accounting for just over £100m of that total.
With Alexander Hall and the sales side of the business to perform the best since 2014, this financial year could see the best numbers in Foxtons history as a a company.
We also know that the Foxtons management are completely f***ed off with the dire share price performance despite all the bullish and forward statements issued by the company and hence why all those share buybacks were stopped as it did nothing to the price and just ate up loads of cash !
But !
And it is a hypothetical but, what if management decide to stick a spanner in the works and really put one up the Banks and Hedge funds that are destroying the true value of the company here ?
We know Foxtons is a cash generating business and with all that money saved from the cancellation of share buybacks what if management decided on declaring a special dividend this time round ??
This will have a two-pronged attack on those keeping a lid on the price, it will encourage new buyers as the yield will improve no-end and thus attract income funds but with the end of the financial year just around the corner it will also encourage a further wave of institutional buyers and private clients as they look ahead to the next financial year with a bit more optimism.
It will also make a takeover of Foxtons a bit more difficult and a bit more expensive for those printing US Dollars like confetti !!
Just my thoughts but the next few weeks are going to be very interesting indeed !
Interesting. But what's your view on the Foxtons bottom line for last year ?
Doesn't surprise me . You have some very rare hard working agents but most are just uneducated , lazy , and certainly not hard working without the qualifications or business skills to run anything . They see a tv show and think they are capable too as its made to look all so simple for the very few. The few CEOs like ours who are business savvy and a few others too will simply eventually dominate leaving a few boutique' agents who are generally high end specialists .
Its been a while but thought I'd just take a look at the list of UK real estate companies appointing liquidators in the last quarter or so. We know that the trend is growing as the 'BIGS' get increasingly bigger in the sector and can pick off the minnows that is if they add value of any kind.
Nothing in the list that would interest Gittins & Co. but alarmingly over 100 small property businesses bit the dust in the last three months or so, expect this number to increase significantly as the government brings in tougher regulation for landlords and rogue property companies over the next few months :-
https://www.administrationlist.co.uk/search?SelectedNoticeTypeID=2&SelectedBusinessSectors=2
Well, its look like Alexander Hall are also smashing it out of the park as well as every other area under the Foxtons umbrella.
Expect much more of this as the year progresses and even more so after the March budget where the government will throw everything at the UK housing market.
Here's what Mr Gittins had to say yesterday :-
'Guy Gittins, CEO of Foxtons, commented: “Interest rates being held at 5.25% since September 2023 has helped to both steady and stimulate the UK property market, with buyers reacting positively to a greater degree of economic stability and a reduction in mortgage rates. Since the start of the year, weekly mortgage referrals to our mortgage broker, Alexander Hall, have been higher than any weekly level seen throughout 2023.
“This has led to an improvement in mortgage approval numbers in recent months as buyers have acted with urgency to secure these lower rates while they last, while also taking advantage of their improved position in the market with respect to their purchasing power.
“In turn, this has caused mortgage approved house prices to increase and today’s figures from Halifax provide further evidence of this growing market momentum.
“However, it’s important to note that interest rates remain at 5.25% and there is no guarantee of when this will change.
“In the meantime, those looking to purchase with the help of a mortgage are best advised to do so with the support of an experienced mortgage broker to ensure they secure the best available rates and avoid overpaying on their monthly repayments.” '
And the article in full :-
https://propertyindustryeye.com/property-industry-reacts-to-latest-rise-in-uk-house-prices/