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Well the contagion is happening pretty fast now, the hedge fund run by Adam Levinson is now shutting its doors ...........oh dear , oh dear, oh dear !!

But don't worry folks, no doubt Biden will address the nation and tell all the American citizens and the rest of the world that America has the biggest and fastest growing economy in the world, with employment up, unemployment down, inflation on its way down together with interest rates and the US Dollar still strong despite a small hiccup in the banking sector !

Keep printing those Dollars, QE infinity is not departing the scene for quite some time and who knows what will happen over the weekend !!

This is a good read :-

https://twitter.com/business/status/1636790227501973505

And another interesting day, in the last 15 minutes of trading just over 200,000 shares sold to keep the price below 40p !!

All we need now is a new declared short position in Foxtons, the first since January 2019 to give the impression that someone is 'shorting' the stock, which would be a green light that the smokescreen is in place ahead of a takeover of the company.

Lovely stuff !!!

The death of the US ponzi scheme otherwise known as the US dollar is rapidly upon the world, the only way the US can now save the manipulated 'strength' of the Dollar is to back it with GOLD and hence we'll see the the new US Digital Dollar a lot sooner than everyone expected !!!

:)

Oh no, this is getting boring........yet more GOLD !!!!

Love it !!!

Just heading off to the Cheltenham races, and in the 15.30 a horse runs called 'Gold Tweet' and then in the following race, two horses running, 'Champagne Gold' and 'Two for Gold ' !!

It must be a sign !!!!

Lovely !!!!

Hmmmm, very interesting of a shy half a million shares traded this morning, 97% are sells.

Nothing strange about that before the budget then !!

Not expecting too much price action for the next week few weeks as JPM will be too busy with their FED printed Dollars buying up all the debt stricken US banks that will be coming their way soon !

So the Chancellor stands at his despatch box this week to deliver his sermon about the dire state of the UK economy although he will spin it as 'the UK economy is faring better than the rest of Europe' or something to that effect knowing full well that the real carnage to the UK economy is waiting in the wings.

So what rabbits are waiting to be pulled from the Chancellor's magicians hat here and how will it affect the property market going forward into 2023, I have already mentioned some but here's a few more that could surprise (all good for Foxtons !) :-

1. More Stamp Duty incentives for first-time buyers
2. Increased pension tax free LTA - (Currently £1,073,000) - Anyone falling into this category and looking to take a 25% tax
free sum could now be even more incentivised to buy property for a rental income.
3. Confirmation of the abolishment of the Section 21 notice relating to rental properties although that judgement may be
reserved for the levelling-up and housing minister, together with the cladding scandal resolutions.


For Foxtons the company, well any reduction in business/corporation tax rates, tax relief on capital expenditure (Foxtons are looking to expand their UK geographical reach) and any tax incentives for staff training, systems upgrades, tech investment etc. will be welcomed enormously.

After a stellar set of annual results this week, the road ahead could be looking even more rosier for the company.

Onwards and upwards !!

No surprise really, expect a few more in the coming days.

Cheap !!

For those whom can remember, it wasn't until HAD005 that the big numbers came rolling in !!!

Could history be repeating itself ???

:)

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230308:nRSH2737Sa&default-theme=true

Conference all is at 09:00am, if anyone is interested just enter your details in the link below (give yourself a fictitious company name) :-

https://secure.emincote.com/client/foxtons/preliminary-results-2022

Well, well, well, the highlights :-

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


2022 2021 Change
Revenue £140.3m £126.5m +11%
Adjusted operating profit(2) £13.9m £8.9m +56%
Profit before tax £11.9m £5.6m +115%
Adjusted earnings per share (basic)(3) 3.1p 1.9p +63%
Earnings/(loss) per share (basic) 3.0p (0.4p) -
Total Group(4):
Net free cash flow(5) £7.7m £6.6m +17%
Total dividend per share 0.90p 0.45p +100%

Looks good to me, the dividend increase is a major surprise and just reading through the statement the only negatives are the 'unrealised potential' of the company historically, will be interesting to see how the market spins this !!

Nice.

All looking good this morning however we know the last thing that the American Banks and US hedge funds need right now is a raft of new buyers and especially after decimating the stock and the institutional shareholders list since 2020, they can't let all that 'good work' go to waste after their stealth mass accumulation of shares !

So tomorrow we know that the results are going to be better than the January statement from Foxtons, to quote from their 2022 trading review:-

'Lettings, Sales and Financial Services all delivered revenue growth in 2022, with Group revenue ahead of market expectations at c.£140m (up c.11% year-on-year). Adjusted operating profit is also ahead of market expectations.'

And in the same statement :-

'(2) FY22 market expectations/estimates per Bloomberg: Revenue £133.8m; Operating profit £12.5m'

So all good on all fronts but the 'market' will have to focus on any negatives in the numbers tomorrow to get the price back down, so what sort of things will they concentrate on to try and pull the wool over peoples eyes :-

1. Foxtons report say £12.5m-£13m operating profits, the best in six or seven years - Not good enough the market was expecting £14-£15m !

2. Dividend held -Market was expecting an increased dividend !

3. Letting figures of 27,500 -Market was expecting 28,000 !

4. Lacklustre sales mentioned in the January statement - repeated again in the numbers

5. Inflation and the downturn in the economy

And the rest, you can add your own as no doubt the market will pull something out of the magicians hat !

But all the smoke and mirrors can't hide the fact that the stock is cheap now on all fronts, cash rich, dividend payers, low borrowings etc. etc.

Look to pick up stock on any weakness !!

And just seen on the Sky news feed :-

https://news.sky.com/story/foxtons-swoops-for-atkinson-mcleod-in-latest-lettings-deal-12826869

Okay, a bit of wishful thinking on my part for today perhaps but no reason to suggest otherwise of the stock returning to that level and beyond now financing looks certain to be nailed on and the holding hands with 'strategic partners' looks comforting as the road ahead gets busier than ever !!

Onwards and upwards !!

Good morning onedb and thank you for your reply to my post, your comments are duly noted.

I should also add that come next week, Foxtons will report their highest pre-tax profit numbers in some six/seven years or maybe since they were offloaded by BC Capital and the company will also highlight a some £30-£40m cash pile on their books !!!

And as at todays valuation the company has lost around 90% of its value when it peaked after flotation.

Its no-brainer for me but that's just my opinion.

Having 'strategic partners' on board as well, so no need for further share dilution in the near future that's for sure, they won't be coming on board just for the sake of it.

No doubt that the short was more than likely closed ahead of this RNS !!!

GSA Capital Partners - 'The principal activity of the partnership is to provide investment management and investment advisory services to a wide range of investment funds'.............

'Oh yes and sorry we forgot, penny shares on the AIM market as well !!!

An investment house that made the best part of £80m profit last year decides that right across the UK market there's a shed load of money to be made in shorting an Aim stock with a market cap of just shy of £50m !!

A 0.6% short in the company works out at just over 20m shares or in £ value at 1.35p, £270,000, good grief !!

Even the lightest of sleepers won't have any trouble sleeping tonight worrying about GSA's short position in the stock but good news for us whom are looking to add more stock as the market is obviously trying its best to keep a lid on things here by the looks of it for for one reason or another.

Things are about to get interesting !!

Nite nite.

Yep, previously (or still maybe) a hedge fund !!

So we now know what's really going on here, there's only one trade here from hereon in and that is to pick up stock on all the forthcoming false drops which we'll see no doubt judging from yesterday's price actions.

A multi-million pound hedge fund trying to disrupt an 'orderly' market in a little 'ol AIM stock !!!

Ah......bless.