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This is happening across many UK stocks, all part of the US Banks and hedge funds concerted efforts to pick up UK stocks on the cheap in the not too distant future as the US Dollar rapidly loses its principal status as the world's reserve currency as well as its value against other major world currencies.

You should also remember that courtesy of the FED Dollar printing press, trillions of US Dollars are being funnelled to the US banks and hedge funds for them to carry out stock manipulation right across the worlds markets and not only the UK markets.

They trade the worlds markets RISK FREE being backed by the FED !!!

But time is now running out, look at this latest bit of news for the US and its Dollar ponzi scheme :-

'Asian Central Banks To Adopt Iran's SWIFT Alternative As De-Dollarization Accelerates.............'

In the latest shot fired in the growing rebellion against US dollar dominance, the nine-nation Asian Clearing Union (ACU) has agreed to use Iran's financial messaging system as an alternative to the dollar-denominated SWIFT system that has long served as the globe's financial nervous system.

"The secretary general of the Asian Clearing Union (ACU) says Iran’s financial messaging system SEPAM will replace SWIFT, a dollar-based international system, in trade exchanges between ACU members beginning next month," Iran's IRNA News Agency reported.

At a Tehran summit in May, ACU members agreed to establish a SWIFT alternative within a month. The adoption of Iran's SEPAM will be an interim measure, as the ACU will develop its own messaging system over the next several months. '

And remember China held various meeting with Iran this year and Iran also had meetings with Russia, here's the article in full courtesy of Zerohedge, its well worth a read. Could we soon see a 'cross-border' like currency backed by GOLD now by passing US Dollar denominated trade, it definitely feels that way !!

https://www.zerohedge.com/economics/asian-central-banks-adopt-irans-swift-alternative-de-dollarization-accelerates

Don't know if anyone has seen this documentary but I would say it's a must watch !!!

It revisits the 2007/08 financial crisis, its always worth a reminder of what actually happened back then but this documentary shows how the US banks are in control of everything (as if we didn't know already !) including the 'crashes' !!

Its an eye opener :-

https://youtu.be/npXbFUAFtYk

So Biden has kicked the US Debt ceiling talks into the long grass for another couple of years (as he's due to run for president again next year) and tells us all again of the strong US economy, job creation, blah, blah, blah and more blah !

He also spoke of continued strong growth in retail sales as did the FED in their last bit of nonsense a few days back and here's some footage of very strong retail sales in the US , remember America is supposed to be the worlds biggest and strongest economy :-

https://twitter.com/i/status/1664693862504202240

Interesting post there, maybe read the latest RNS from earlier this morning in which Converium Capital also had similar thoughts about the company last year but have recently just upped their shareholding in Foxtons by another 1% :-

https://www.businesswire.com/news/home/20220316005214/en/Converium-Capital-Sends-Letter-to-Foxtons-Group-Board-of-Directors

Just in :-

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230530:nRSd9894Aa&default-theme=true

Same old, same old !!! The Yank Banks and their US Hedgie mates up to their usual nonsense tricks again with their never ending conveyor belt of FREE QE Dollars courtesy of the Fed.

The end of the US Dollar as the worlds reserve currency is now just around the corner and with a BIG BIG meeting of China & Russia and a few other countries scheduled for August the Yank Banks and their mates will be looking to drive down prices in order to pick up assets on the cheap whilst they spend billions trying to prop up the Dollar !

Here is just one of many examples of the booming times (not) happening over there :-

https://twitter.com/i/status/1660699724985298944

And again today, now down over 10% since the day of the results. Its worth a quick reminder why the MM's and hedgies are hell bent on keeping a lid on this, here are just some of the latest headlines regarding the company :-

20th April 2023 - Foxtons-sees-significant-growth-in-revenue-as-operational-turnaround-progresses

20th April 2023 - Foxtons-starts-2023-well-1q-revenue-rose-10-on-lettings-growth

20th April 2023 - Foxtons-reports-growth-in-lettings-to-compensate-for-lower-house-sales

20th April 2023 - Foxtons-cashes-in-on-london-rents-aided-by-longer-non-cancellable-tenancy-deals

21st April 2023 - Foxtons-viewings-hit-five-year-high-despite-first-quarter-sales-decline

24th April 2023 - Foxtons-says-tenant-affordability-problems-starting-to-ease (rental clients now over 30,000 from around 25,000 at the beginning of the year)

Just copy and paste the headlines and it will take you to the relevant news article in full and its also worth a quick re-cap of the last full set of numbers :-

'Significant unfulfilled potential, medium-term growth ambition to deliver £25m to £30m operating profit' !

Revenue - £140.3m (2022) v £126.5m (2021) +11%

Adjusted operating profit - £13.9m v £8.9m +56%

Profit before tax - £11.9m v £5.6m +115%

Adjusted earnings per share (basic) - 3.1p v 1.9p +63%

Earnings/(loss) per share (basic) - 3.0p v (0.4p)

Net free cash flow - £7.7m v £6.6m +17%

Total dividend per share - 0.90p v 0.45p +100%

'Strong trading performance driven by significant growth in non-cyclical, recurring Lettings revenue

· Revenue up 11% to £140.3m with growth across all businesses: +17% in Lettings, +1% in Sales and +8% in Financial Services. 65% of revenue generated from non-cyclical, recurring activities.

· D&G Lettings, acquired in March 2021, delivered £5.3m of operating profit in 2022 and a 35% return on capital. £10.6m invested in Lettings acquisitions in 2022.

· Adjusted operating profit up 56% to £13.9m and profit before tax up 115% to £11.9m reflecting high levels of operating leverage driving strong revenue to profit conversion.

· Net free cash flow of £7.7m (2021: £6.6m) and year end net cash of £12.0m (2021: £19.4m).

· Final dividend of 0.7p per share declared, total 2022 dividend of 0.9p per share, an increase of 100%. £4.9m returned through share buybacks in 2022.

........keep calling the stock down on 'we think the is fairly priced at these levels' or 'the economic outlook is uncertain going forward' or 'interest rates may rise in the coming months'.... or any other boloney similar then I am more than happy to add to my existing holding.

Good weekend all !

Makes perfect sense eh ??

Suits me just fine, picked up a few more today, same again please tomorrow.

😀

Another step towards tightening the legal ramifications with regards to landlords and estate agents and something that Mr. Gove will no doubt address.

Kamma will help reduce a lot of fines that Foxtons may have racked up in the past going forward and is yet another positive for Foxtons.

MM's and hedge funds are still hoping for some bad news to land for a change and don't be surprised if we start hearing the nonsense narrative that at 38p Foxtons is fully valued !!!!

Yep, and again this morning for the umpteenth time. 90% of the volume MM's sells , all rather predictable. How many hours/days before they 'buy' them back ??

Yawn.........

Obviously can see the risk/reward here just like a few of us, now holding 10 per cent of the company.

Mam's still keeping the stock below 40p, time to add a few more !!

Once again they're all trying to keep the stock below 40p and ahead of tomorrow.

Could be a very interesting afternoon session !

So Michael Gove addresses parliament this week with regards to the long awaited Renters Reform Bill which should help ease concerns for renters and fingers crossed accelerate the demise of all those rogue landlords out there abusing the system with little or nor regard for tenants as well as the current Landlords and Tenants act 1985 and its updates.

I am hoping to see some sort of regulation for letting agents, a licence or certificate of some sorts as anyone can start a property rental business nowadays without any sort of checks or scrutiny whatsoever and this has led to an increase of illegal evictions, harassment of tenants cases etc.

Fingers crossed we should start to see these 'opportunists' disappearing from the market place and about time too !!

Here's a link which explains what we should expect from Mr Gove this week :-

https://www.landlordtoday.co.uk/guides-tips/breaking-news/2023/5/renters-reform-bill--12-major-policies-its-likely-to-contain

Yep, decent volume today, just over 45m shares. Yesterday was around 35m, so could be a lively last half an hour before the long weekend.

Good to see that the Yank Banks are up to their games again today, GOLD down at one point $50 but also a weak Dollar on the rigged US job numbers out at lunchtime.

Another bank failure at the weekend...........more than likely !!!

:)

So the US Dollar has hardly budged this morning and it does like GS is working overtime to keep the manipulated strength in the currency going after all the bank did say that they would do anything and everything to keep the US Dollar strong !!

With Gold now back over the $2000 level , I think yesterday was either the 12th or 13th time in the last month or so that the hardest and most trusted form of money broke through the $2000 level, it will be interesting to see if the Yank Banks take Gold back down again through the $2000 level with their paper contracts !!

Remember there is another bank holiday Monday next week and we all know the Yanks love to get up to mischief when the UK markets are on holiday !!!

It's beginning to look that way !!

Nice:))

Oh yes and the small matter of Gold futures just touching a historic high of $2040.

Nice.

Shhhh, don't tell Biden though, he still thinks the US is the strongest and fastest growing economy in the world !!

The latest :-

BREAKING: US Regional Bank stocks are crashing after hours as PacWest, $PACW, says they are looking for a buyer.

- PacWest, $PACW, now down 57%

- Western Alliance Bank, $WAL, now down 30%

- Metropolitan Bank, $MCB, now down 20%

2 hours ago the Fed said the "system is strong."

Brilliant stuff !!!

Decent trading update from Barratt Developments this morning and with a lot of new build homes sold to first time buyers, could it be that we may have now seen the bottom of the housing market underpinned, it looks very encouraging !!

Here's a snippet :-

'David Thomas, Chief Executive commented:

"In February we reported early signs of recovery in our reservation rates following the exceptionally challenging trading conditions experienced at the end of 2022.

Whilst the economic backdrop remains difficult, we are pleased that more positive sales rates have been maintained through this period and we are now fully forward sold for FY23. As a result, we expect to deliver full
year adjusted profit before tax in line with current market expectations'.

Lets face it, SD will have 100% more chance of realising the true share value of GGP on the ASX and those Yank banks and hedge funds that have destroyed many UK companies valuations can then go and f''k themselves !!!

Just my thoughts !

:)