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As predicted very strong numbers and accompanying trading statement this morning.

MM's behaving like a load of pubescent teenagers on their game stations, calling the stock up to near £6.00 early doors and then in a bink of an eye stock falls down to £5.60.

Gotta laugh !

...ctd

a tree shake although I think the penny has finally dropped that it's been a complete waste of time during previous attempts and only attracts further buyers.

Good luck.

Impressive numbers this morning from the newly owned Onthemarket.com which bodes well for Rightmove and Foxtons.

Market jitters courtesy of our American friends ahead of a rally next week no doubt so ample time for another attempt at

Markets not expecting anything but don't be surprised if the Fed make a 'surprise' rate cut next week and the BOE to follow shortly thereafter.

The US don't want Trump back in and will do anything to stop him so whilst interest rate cuts were off the agenda under Biden expect them to be back on from next week.

Our BOE haven't got a clue and will just copy and paste the narrative from the US.

Interest cycle peaked ?? It's beginning to look increasingly likely.

Rightmove report shortly and then Foxtons next week.

Very interesting times ahead.

...could be the best results since the first set of interims released by Foxtons after their return to the market at £2.30 back in September 2013.

We know management like to play down the figures despite the impressive turnaround of the company in say the last two years or thereabouts, so don't be surprised if they throw in another few more millions for a 'working capital' charge despite the £7m already thrown at it in the 2023 finals !!

Goodness knows how much cash Foxtons is currently sitting on presently but not long to find out !

#Long&Strong

Congrats to the England football team last night now bring on the Spanish !!

I'm sure the clever marketing team at Foxtons will have something in preparation for their Digital window animations just in case !

Well, truth be told it won't make a great of difference to Foxtons. Sales are still nicely ahead of estimates, more recently built apartments are coming to the market as leaseholders give up the option to renew now expensive mortgages as well as trying to stomach increased service charges and maintenance costs.

We are also seeing large houses coming up for sale as owners are fearing the prospect of huge Capital gains taxed under a Labour government, so a nice bit of sales commission heading the way of Foxtons as these get sold.

The American Banks, private equity and hedge funds want shares as we know as around 65% of Foxtons shares are still held with institutions without a seller in sight despite all the game play since 70p.

Tomorrow is Friday and we've seen the tree shakes in the past few months, tomorrow we could hear all the nonsense about how Labour will destroy the housing market etc. so I'm expecting another nice buying opportunity tomorrow or Monday.

Bring it on !

Yep, excellent performance from Dexter's yesterday which bodes very well for Foxtons, their sales teams especially.

A couple of big late trades reported yesterday hence why all the movement in the price yesterday morning and taking a look at the Yahoo business website this morning volume reported in Foxtons so far 10,625,000.

Where this 'cloak and dagger'volume is being executed, who knows but what we do know for certain is that the MM's are still up to their gameplay here and maybe stepping it up !!

Nice.

uk.finance.yahoo.com/quote/FOXT.L/

Good find, our man Gittins always speaks well in his interviews and by the looks of it someone was in the know this morning and filled their boots first thing.

Now for those that are keeping the stock below 70p, will they or won't they ???

Just doing some light research over the weekend now back from holiday and together with numerous vacancies being advertised at Foxtons letting divisions I noticed they are now advertising for sales staff at their South Kensington and Sloane Square branches.

I mentioned previously that Sales and Financials will be a mega bread winner for Foxtons this financial year and whilst the record pre-tax profits for Foxtons was back in 2015 at around £42m I feel that Gittins & Co. 'operating profit' target of around £25m could well be within target this year.

(now expect the stock to tick down slightly as it always seems to do after I post.....hmmm apart from us I wonder who else is nosing around here 😉)

March 2015 was

I mentioned last week how sales and financials will drive Foxtons to its best annual results since 2014 and the statement from Berkeley homes today more than confirms my guestimates.

We know Foxtons have been the prime real estate agent for Berkeley Homes and with forward sales of 80% already for next year and a build to rent programme of some 4000 homes for the next few years, it's more added profit for Foxtons courtesy of Berkeley Homes.

With interest rates levelling off say around 4-4.5% within the next year or so expect more sales of property as those with now unaffordable mortgages move into rented accommodation if they can't afford to downsize.

It's ching ching all the way for Gittins et al !!

You can only get rich on a profit, so we'll done you.

I'm not a seller as you probably know and have left another buy order at 65p so fingers crossed as the market buys back all the stock it sold this morning to

shake out all the low hanging fruit !!

Looks like someone was planning over the weekend whilst the rest of us was watching the footie !!

Apologies, that's 14.2m shares in Foxtons not Rightmove.

Let's see what games the market has in store for us today !

Another 14.2m shares recorded on the Yahoo business website this morning.

Lots of property ownership incentives coming from all parties ahead of July 4 general election, and thus more good news for Gittins et al !!

Nice.

Ctd....

Yikes,nothing going on here then ??? Yeah right !!

If not a Rightmove offer for Foxtons, then how about a co-ordinated interest rate cut across Europe, UK and those American bandits.

Either way, something is happening here.

Keep 'em peeled !

Just following on from my post last night and remember all those mad volume prints in Foxtons shares on the Yahoo finance website which I posted here since months ago.

Well, nothing to note of late apart from volume of 5m shares on 29th May and already up to 3.5m shares this morning.

What about Rightmove on the Yahoo website, well now over 40m shares this morning !!!!

Yikes, nothing going on here's

I've been keeping an eye on these since JP Morgan downgraded the stock a few weeks back and as well as that late reported trade today there was one day last week during the half term school holidays when around 6500 trades were reported in the stock.

Could it be shorts closing ahead of an imminent announcement ???

Hmmmm, I wonder what that could be ??

In addition, Dividend will be in our accounts shortly so nice timing to buy the dip !

So its been called today and with those inflation figures now approaching the government's target expect good news for homeowners and home buyers in the coming weeks.

70p failed today as a result of the order book being loaded on the offer side from lunchtime today.