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No doubt questions will be asked about the ongoing takeover talks of the company and will no doubt over shadow the exciting prospects of the company as we head into another busy Summer season in the property rental market.

Could we see more market game play today ahead of the weekend, more than likely !!!

And at a year high on 10x average volume over there currently.

Live price on the WSJ.com website for more details.

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 ??

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.

Just reading all the reports in the media this afternoon, nothing in the Daily Mail money section nor the Times business and the Investors Chronicle report 'tentative recovery' at Foxtons.

City Am were quite bullish surprisingly but as there were no negatives in the trading statement for a change the market did their best to once again keep a lid on these.

Tree shake Friday tomorrow ahead of the weekend ??

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/