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Humour aside am looking forward to the update and rates coming down . am mortgage free but have several investments that would benefit from lower rates overall . Bumpy year with ups and downs but general trend for rates 'should' be down Good for the government and national debt repayment too not just houses
Ok, will do !
:)
If you think that there is market manipulation then you should inform the FCA and London Stock Exchange about the SETS system .
The MM's game play will be well and truly on this week, remember that they want sellers , so expect the unexpected !!
Hoping to see a run up in the SP before Thursday. 60p by the WE!
I mentioned a few weeks back how the government's think tank were hard at work on helping first time home buyers or those struggling with the affordability with their mortgages, well here's the first idea pitched, expect a few more in the next few weeks ahead of the early March budget.
All good for the housing market and yet more goods news for Foxtons :-
https://www.lettingagenttoday.co.uk/breaking-news/2024/1/row-over-government-bid-to-turn-renters-into-first-time-buyers
Sounds like the year is starting in dramatic fashion for Foxtons sales business
https://www.estateagenttoday.co.uk/breaking-news/2024/1/foxtons-records-new-year-sales-and-viewings-uplift
As of Monday's close this week Foxtons finished at 52.40p and after the shenanigans of the last few sessions the stock closed last night at.........52.40p no less !!!
What will the market do today ahead of the weekend press just in case there's a leak of the trading statement, very much doubt it if they take the stock to new highs again today but who knows ??
In any case I wouldn't mind adding a few more today in any tree-shake and will keep some powder dry ahead of next week just in case on trading statement day we get the narrative 'stock is down today as investors take profits after its 50% gain in a year........blah, blah, blah' and all that nonsense that goes with it.
Good luck with whatever your trading strategy is for today and next week, its going to be fun !!
#Long & Strong
Plenty of space to do so technically
Slowly but steady am enjoying these rises
Trend in the last 100 days or so has been very good and shows no signs of stopping in my view
Back to 2021 highs of circa 76p ? Slowly I hope so . with a longer view of 100p plus
Judging by the price action in yesterday's closing auction to prevent the stock from closing at yet another year high for 2024 and todays price action already with no doubt the obligatory 'tree-shake' around 12.00pm -14.00pm, could it be that the wider public gets to know how Foxtons are really doing as a business when the company announces next week ??
Will we finally get 'historic' or 'records broken' mentioned in the trading statement ??
Not long now !!
Yes I think the business cycle will do the heavy lifting for us now. Just a matter of how steeply rates fall
Was just looking at the 5 year gilts closing in on 3.6% ! Despite all the stress for those renewing at historically low and close to zero rates, one should admit that rates are still very low , I remember when they were high and this isn't the case . We are getting low again which in turn will be bullish economy and property
Yes have to agree a real potential for a multi bag God speed
I’m almost hoping there are no bids for Foxtons, as I can see they’re on an exciting path with Mr Gittins. If I ever have a son, I might call him Guy.
I’m hearing lots of good things about the state of the central London market. If/when Foxtons sales can get back to 2015 levels, our share price should be closer to 2 quid. In 2015 we sold 5,500 properties. So there’s a way to go, and it won’t happen this year but perhaps will closer than a lot of people imagine. Current stock of properties for sale with Foxtons is 6,400. Number of properties under offer has certainly jumped up since Christmas. Isn’t this normally a quieter time of the year?
As you say, it’s interesting times and not many clouds on the horizon. Good luck to us all
Missed it it Superfast LOL Must have been the excitemt of the Belvoir/ TPG merger .Winkies as expected Some of the barnches are running very low on inventry there so maybe Q2 a bit concerning
So where will Dexters be flashing the cash next ?
You cant rule them out here What do you think it would take 125p?
WINK have already reported.
https://static1.squarespace.com/static/57179171b09f950e24ee4da0/t/659ecd3ff51fe149427e8369/1704906047316/Trading_Update_100124.pdf
Yes he does talk some sense.He has been around the block.
Maybe the use of fhe word "meteoric" more appropriate for Countrywide SP during their last 9 mths rising frrm 47p to 394p in Jan 2021
More like recovering a bit of lost ground for Foxtons
Still maybe our day will come and the door gets knocked. ?
He is right though about Purplekbricks/Strike though .The customer realising thatyou can't get a good service on the cheap.
Already potential buyers complaining of being grilled by financial services for 40 minutes trying to sell a mortgage before a viewing is confirmed.
Should imagine Winkies will be reporting next week They are usually quick off the mark . Maybe revenue down 20% in H2 for them ?
Yep, that's one headline we'll never see, we've seen the headlines 'Foxtons share price up 50% in the last few months' and the 'Foxtons share price up by 75% in a year' but these numbnut market commentators never mention the fact that the company lost around 93% of its valuation since 2014 after hitting £4.00 a year after its floatation !
After all the 'experts' tips in the weekend papers since the turn of the year, I think its only the Telegraph that gave a brief mention about Foxtons, the next few weeks will be very interesting indeed !
In the meantime here's a good article posted on Friday on the property eye website, its from Paul Smith at SpicerHaart with some good points and a very interesting last paragraph :-
https://propertyindustryeye.com/buckle-up-for-another-challenging-year/
So-sales may be down 20% and costs are up not to mention buying businesses do not come free-whats your reasoning to think the results will be the best in the history of Foxtons .You on about TO or making money
As long as its 120-150 plus I multi bag and can live with that lol
On a more short term view , my post on the retrace and reload to what think will be new highs ( recently hit) sticks . am comfortable that we'll pass the recent highs Lets see as I hold
Yep, another takeover/merger this morning to add to the wave of consolidation in the sector and here's a thought.
Remember all those large volumes in Foxtons shares late last year which I posted on here and which made up roughly about 25% of the shares in the company.
Well, if a predator wanted to pounce on Foxtons would they wait for the trading statement in a couple of weeks time which will be the best in Foxton's history since 2014, hoping that Mr. Gittins may throw in a curve ball of some sorts to get the price down and deter new buyers of the shares ??
I can't see it myself or it could just be that someone out there like the rest of us on here are just building a nice healthy and profitable stake in the company to milk the good times ahead ?
Not long to find out.
Belvoir/TPFG merger can only be good fo the listed estate agent sector as tjhe predators look for abit of action
Sit back ,tighten those seat belts
IiIt's kicked off alraedy Belvoir and TPFG to merge
https://www.londonstockexchange.com/news-article/BLV/recommended-all-share-merger-with-tpfg/16282259
I suspect momentum is about to re gather and re-test the recent highs a pullback was necessary as too stretched but now it isn't anymore and on a healthy uptrend could re-test the highs and go through them as it has space to do so . I prefer a slow up trend personally .
Of note the healthy gilt auction today was good . Wonder if it will put pressure on rates to decrease hence positive for real estate
Revenue of £150m seems nailed-on for 2023 imo. And maybe £175m for 2024.
Just a couple of weeks until the next update.
The CEO needs a sp of 70p plus for a sustained period for his share scheme to pay out. That could happen this year.