Yep, no dramas here !
The Times and City Am as well as those 'activist' shareholders will be disappointed.
My advice, keep quiet and let Gittins & Co. do their jobs accordingly !
🤐
We'll find out in the morning after yet another trading statement will be released by the company, although expect management to play down the fortunes of the company for yet the umpteenth time.
I'm looking to add on the dip which comes around like clockwork whenever the company reports to the market !
Good and searching question, especially for all those major shareholders that are severely under water here and want as much as possible to mitigate their losses after holding for all this time.
Here's my thoughts.
Anything under £1.00 no-one is getting out of bed for that let's be honest here !
£1.10 - £1.20 - success probability say 10-20%
£1.20 - £1.30 - success probability say 20- 30%
£1.30- £1.50 - success probability say over 50%
What any potential bidder has to be extremely mindful of is that pitch the bid price too low and then the likelihood of a bidding war for Foxtons could easily ensure.
Good for us !! 😉
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 ?
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.
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.
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 .
Mr Gittins will be on Sky Business shortly.
Pretty much word for word as back in January, not sure why the company has trading statements between all the interims and finals (there's another next month !) but tomorrow's budget will bring much more anticipated good news on the housing front.
No dramas here and looking even better in 2024 for Foxtons !
Talk about timing, here's an article just published on-line this afternoon with regards to Foxtons and its BTR division :-
https://thenegotiator.co.uk/build-to-rent-growing-23-times-faster-than-prs/
Connells Group are in trouble as a lot of other estate agency brands whom failed to foresee what's happening in the sector and where renting will become the norm for many as we move forward with interest rates settling down to around 4-5% for the next few years or so.
I posted a list of estate/letting agencies that are in liquidation since the last quarter and that figure is now around 120 businesses, again nothing of interest to Mr Gittins & Co. to wet their appetites currently.
Dwindling competition for Foxtons and with only say three or four 'majors' to be left in UK Estate agent markets once all this plays out and with UK regulation hammering down the final nail to all the rogue landlords and agents out there I am expecting Foxtons to increase their UK market share no end.
Lets see how those market bandits play the stock in the next few days, its going to very interesting indeed !!
More excellent news with regards to UK house sales from Zoopla, keeps things ticking along nicely for Foxtons.
As I mentioned a few days back it will be the sales and financial areas of Foxtons (Alexander Hall) that will take centre stage for the company this year whilst rental income and services will continue to generate over £100m in revenue again for this financial year.
#Long & Strong
https://propertyindustryeye.com/property-industry-reacts-to-zoopla-house-price-index-4/
Yep, bang on there. Its where the main registered office of Ludlow Thompson is located according to Companies House latest :-
https://find-and-update.company-information.service.gov.uk/company/02826702
RNS just out.......interesting !
https://www.lse.co.uk/rns/ARV/new-target-identified-at-paterson-gold-project-ooaxcbvwu8cs4xo.html
Nice find, albeit a bit of a swerve ball that one ?
I wonder if it has anything to do with Berkeley Group new homes division ? We know that Foxtons are in partnership with them and maybe its their 'build to rent' homes division perhaps, that is if Berkeley has a new development there ?
Worth doing a bit of research tomorrow to see what I can find but very interesting nevertheless !!
Interesting !!
Big week for Foxtons and the property market next week, time for a last bit of market game play ??
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