Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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 like this part of the article ( thanks for sharing) Over 2 years if a bidder doesn't snatch it this could be around 110-120 minimum as we see earnings per share rise and the multiple staying similar to todays Good share to keep this one . the quick take out will be good from a personal annualised return for sure but dont' mind holding either
Broker’s View – Price Objective 88p
Analyst Greg Poulton at Singer Capital Markets rates the group’s shares as a Buy, with a Price Objective of 88p.
He is now estimating current year revenues of £158.3m, £17.0m profits, 4.0p earnings and a 1.10p dividend per share.
Over the next two years to end 2026 he sees revenues rising to £179.6m, £25.2m profits, 5.9p earnings and a 1.50p per share dividend.
Https://ukinvestormagazine.co.uk/foxtons-group-is-rothschilds-looking-for-a-buyer/
The sector in general had a good Friday , Foxtons did quite well but it wasn't an isolated stock to go up in the sector .
Think the sector especially in London is starting to pick up . Good article in the weekend press on how flats are starting to outperform as office workers are returning to the office . Foxtons rents out 1000s of flats in London and demand here is huge .
I haven’t seen any coverage in the weekend press, or any rumours on Twitter. Will we see an RNS at 7am on Monday morning? Or a pull back?
Now to clear 61 and head towards 75
GLA
It's unusual price action and seemed to come from nowhere. Happy to be still holding all of my shares, but did try a little (sadly) leveraged addition on that move. Was hoping to build in but it's finished high on a sudden move. News next week?
It's being tee'd up by Rothschild, no doubt they have been placing all the media stories. Let's see what the papers bring on Sunday. Any bid from here would need to be at 80p starting point I guess. They'll be hoping to bid a bidding war going. Cant see this going for less than £1.
Oh and thanks for all your posts 58, i read them and do my best to digest them sensibly.
I've been waiting for that for a little while and couldn't help wondering. Something changed.
I mentioned only a few days ago about how we would see a wave of US companies bidding up for UK Plc, Darktrace being the latest to be on the receiving end this morning.
Could this now be it for Foxtons ??
WTF ing from home is going on here. We're back to 60 very sharply? Something's a foot and it's not my foot (although that is a foot).
SV, love that link/vid. Not sure today's rise is due to that, so what's happening here? I'm hoping for 90p
Great data points in that link by the way . Rude health it would seem .
My neighbours put there home up for rent and I have never seen so many come to see it. A property I have that I placed on rent had a bidding war . Its immaculate had in 2 hours I had about 10 couples come see it . All good people too . Good quality rentals are rare and when they are advertised they are like gold dust . My agents always bombard me . I have done property on a good scale as well as trading for over 2 decades
Touch wood mate .
Am hoping to see 65-70ish on this leg up . I trade but like the underlying business too so lets see.
My last sell at 56.08 ( from 35) I was hoping to rebuy lower say in the 40s but didn't get there , on this new trade at 54.8 am hoping to see 65 to possibly 70 and then retrace a little take profits rinse and repeat , I like the trend here which is intact . So I play some momentum to get a little better performance than a simple buy and hold . Not for everybody so no advice to do the same. Its all spread bets in my case as I do hold a core shareholding too always at circa 35p. Those stay still till we get to 120-150.
Onedb
Good timing me thinks
https://propertyindustryeye.com/what-is-currently-happening-in-the-uk-property-market-10/
Just rebought in
Spectre
Who are the conspirators working away to keep a lid on Foxton's share price? And why are they doing it?
I mentioned a couple weeks back about how markets were due to turn South and that the US Dollar would start to strengthen.
Well, quelle surprise here we are and already we're seeing bid and merger activity involving US companies and hedge funds as the Dollar gains across all world currencies.
Total manipulation of course and expect the Dollar to gain parity versus the Euro and break $1.20 versus GB sterling as we move into the Summer months.
Makes a US fund more than likely a bidder for Foxtons in my opinion and especially after all the market antics in keeping a lid on the share price of Foxtons over the last year or so preventing any real price appreciation of the stock.
'could be sold for 70p to 100p' suggests they'd be surprised if they actually got a bid of 70p then!
These ST stories are likely being placed by one of the players. Either Foxton's or more likely the Foxton's bankers to drum up interest or the unhappy shareholders to do the same. One way or another Foxtons is up for sale, question is, is there a buyer at the right price? My feeling, judging by the lack of movement in the SP, is its not obvious there is.
Https://www.thetimes.co.uk/article/foxtons-gets-its-house-in-order-but-is-a-for-sale-sign-about-to-go-up-0s0rx8gxq
Convervium are quoted “ Foxtons could be sold for 70p to 100p.”
Paterson says “we believe the business could grow organically, but it would need to do some big acquisitions. If the business was sold today, you’re not going to get the premium it would probably be looking for”
We know from the acquisition announcements how many tenancies were bought last year. They should have added about 10% to q1 lettings revenue. But actually only 5% was added. Perhaps commissions are being reduced, or landlords are selling up?
I believe the Q1 comparisons will exclude the business purchased in March last year, so Q2 in isolation would be a better comparison.
What’s going on with the lettings business?
Last year Foxt spent millions buying two agents to acquire their lettings books. This added approx 10% to the size of Foxtons lettings business. Yet Q1 lettings revenue is only up 5%.
How can this be?
Are landlords leaving to go elsewhere?