Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Here was my post a few days back :-
'Ditto that, 2024 could be another record year for Foxtons as interest rates 'normalise' ahead of a UK General election and rents stabilise.
Remember Gittins down played both the interims in the Summer and the last quarter trading statement where records were being broken left, right and centre !!
Will he finally come clean about Foxtons come 2024 and tell everyone exactly how well the company is performing ???
Well, now take a look a this on his linkedin page and how all the staff at Foxtons 'down played' 2023 :-
'Tonight’s the night… The legendary Foxtons Christmas party!'
'Over 1300 people have worked tirelessly all year, to make sure we’ve delivered for our clients and each other.
Time to celebrate one of the most amazing years in recent history, with lots of records, broken along along the way!' 💥💥💥💥🚀
https://www.linkedin.com/posts/guygittins_tonights-the-night-the-legendary-foxtons-activity-7139042116952846337-r30G
Expect rates to stay unchanged and that numpty to announce possibly an easing of interest rate policy come next year (general election year).
Basically he just needs to copy and paste what the FED said last night, just like that 'transitory' nonsense speech a couple of years back.
All good for Estate Agents and house builders though come next year !
As I have said on here numerous times, Foxtons are poised to clean up in EVERY area of their business !!!
Long & strong !!
Ditto that, 2024 could be another record year for Foxtons as interest rates 'normalise' ahead of a UK General election and rents stabilise.
Remember Gittins down played both the interims in the Summer and the last quarter trading statement where records were being broken left, right and centre !!
Will he finally come clean about Foxtons come 2024 and tell everyone exactly how well the company is performing ???
And throw in an agency cross trade of 583,000 shares at 44.625 (mid price) at 15:27pm yesterday afternoon.
I mentioned on 30/10/23 about the volume in Foxtons shares pre 08.00am that morning, the volume some 42.6m shares traded ahead of the opening.
Well, I have kept a record of the pre-opening of Foxtons shares since Sept just in case of any huge volumes being reported outside of the normal trading reporting requirements and here's my findings so far :-
11/09 - 308,000
12/09 - 501,000
14/09 - 1,100,000
18/09 - 640,000
20/09 - 370,000
21/09 - 391,000
22/09 - 3,157,000 (I posted about this volume on the same morning)
30/10 - 14,782,440 (I posted about this amount as well)
31/10 - 5,800,000
14/11 - 42.6m (I also posted on the same day)
17/11 - 1.2m
29/11 - 650,000
08/12 - 560,000
and this morning around 1.5m shares were traded pre 08.00am
As I mentioned on here before where all this volume is being executed is outside of our resources but the total so far is around 25% of the company being traded on a 'stealth' basis !!
Someone out there is slowly building a nice stake in Foxtons for peanuts courtesy of the MM's and their collaboration in keeping the stock at low prices all year !
Following on from yesterday, Cluttons residential have announced a management buyout of the company this morning :-
https://propertyindustryeye.com/partners-complete-management-buyout-at-258-year-old-estate-agency/
We've seen all the latest merger and acquisitions in the last month or so and expect the activity in the sector to move forward a gear or two as we move into 2024.
I mentioned the collaborations between house builders and estate agents some weeks back after Dexters spending spree and it appears that Foxtons and Berkeley Homes are ramping things up a notch as well.
Take a look at the nice office and promo in Camden (get that salesperson to sort out his trousers !!)
https://www.linkedin.com/company/foxtons
Nice, some lumpy buys going through this afternoon and the stock has just hit a year's high.
😀
Agree with all the comments this morning, I'll just copy and paste my post in April next year or whenever the 2024 Budget is scheduled providing Foxtons are still around that is !!
But there was some salient news for the property sector behind the headline grabbers, here's an extract from property eye this morning :-
The Mortgage guarantee scheme :-
The mortgage guarantee scheme has been extended by 18 months to June 2025 from December 2023.
Launched in April 2021, the scheme offers lenders the financial guarantees they need to cover the other 95% of the mortgage on a house worth up to £600,000.
The scheme was due to close to new accounts on 31 December 2023. Chancellor Hunt announced its extension, alongside expanding the affordable homes guarantee scheme.
Additional announcements: -
+ Introduce premium planning services across England with guaranteed accelerated decision dates for major applications and fee refunds wherever these are not met
+ Commit £110m available through the Local Nutrient Mitigation Fund to support LPAs in delivering high-quality local nutrient offsetting schemes, unlocking up to 40,000 homes over the next five years
+ Invest an additional £32m across housing and planning to unlock thousands of homes across the country
+ Extend the existing Affordable Homes Guarantee Scheme by £3bn to help it deliver 20,000 new homes, in addition to improving the quality and efficiency of thousands more
+ Provide £3m for a range of measures to improve the homebuying and selling process
And the article in full :-
https://propertyindustryeye.com/property-industry-reaction-to-autumn-statement/
Oops, silly me I meant the 'Autumn Statement' of course !
So, what rabbits will Hunt pull from his magicians hat tomorrow when he stands at the despatch box with so many to choose from.
Here's just a selection of possibilities that will help ignite a bit more activity in the property sector with some already being mentioned and all of which will tick even more boxes for Foxtons :-
1. Further cuts to Stamp Duty with limits up to £500,000
2. Extension and favourable terms to the Help to Buy Scheme - i.e. 1st charge Loans for those that can't afford deposits
3. Improved terms for those in Mortgage Arrears - We know about the repayment to interest only mortgages
4. Improved terms for those buying NEW homes- This will help out the struggling house building industry as well
For companies we could see a reduction in Business Rates, extra tax incentives for Capital and Asset spending as well as for employment of staff, again all the right noises for Foxtons.
And as I have explained on here many times before, the government wants to move rental property ownership away from private landlords and into the public purse, so expect a bid wallop to private landlords who have or are contemplating moving their rental properties into the ownership of a Limited Company for tax benefits !!
As I said before the budget in March when Foxtons were trading at 41.5p no less, the company is perfectly positioned as we move into the new era of property ownership.
Onwards and upwards team !!
Oh yes it is, oh not it isn't, well it must be if the stock is being marked up on that load of nonsense in the Sunday press and in the rag mag of City AM !!
This 'hedge fund' Milkwood Capital is just some bloke who used to work at Citibank many years back and started trading for himself after leaving the bank .
It ended up with him having a load of debts after an unsuccessful time of it and he filed a 'Compulsory Strike-off notice (DISS40)' at the back end of last year after accumulating losses of around £300,000.
He has had the notice suspended and then discontinued whilst the creditors chase their money.
I also searched high and low yesterday and made a few phone calls, no-one has ever even heard of this bloke and as for that 4% holding in Foxtons, well his last set of 'full' accounts on September 30th 2023 shows that has just £300,000 in assets (debt) and no mention of his alleged 4% of Foxtons which valued at its historically low of 28p would equate to 12,000,000 share at a consideration of £3,360,000.
I can't find any mention of this holding.
A complete waste of our time, expect the stock to drift back a bit lower tomorrow ahead of the Autumn Statement.
Here's the company house link if anyone is bored enough to take a look :-
https://find-and-update.company-information.service.gov.uk/company/08626819
Yep, still here and like you just one of a handful that are still holding from 0.2p no less and when Heddle lauded Greatland Gold as the largest Gold find of the century !!!
Nice. Cassandra's curves are looking better every day, Double D's yesterday and now legs 11 today !!
Can't be bad.
Could be interesting :-
https://thenegotiator.co.uk/foxtons-reveals-branch-makeover-with-digital-appeal/
'Housing market downturn pushes UK estate agents to consolidate'
Its nothing new which has already been commented on here previously but worth a read nevertheless. Its on the paid access platform but you can read the link once or print the article it to file.
https://www.ft.com/content/3b165342-e418-4426-8863-67000f6de965
Double digits, my goodness it's been a while.
Still holding and checking in from time to time with Cassandra's curves looking good !!
And good to see that some of the familiar names are still holding.
😉
And another :-
https://propertyindustryeye.com/leaders-romans-group-agrees-major-deal-to-buy-31-branch-estate-agency-giant/
Gone quiet over the last two weeks or so, think again Dexters aren't hanging around that's for sure :-
https://propertyindustryeye.com/eye-exclusive-dexters-set-to-acquire-major-london-rival/
Some lively action in the last hour, over 40 trades executed after just a handful again this morning .
Good to see that the US boys are up to their games again, should be a fun afternoon all !!!!
Quelle surprise, another US institution topping up !
#matesrates