Some nosey buying this morning ??8 Feb 2023 10:57
I noticed yesterday that there were only a handful of trades in Foxtons before lunchtime and then afterwards some 80% of the total volume was traded, i.e once the Americans woke up !!
Just having a look at the latest shareholder list although I don't take it as gospel but around 50% of Foxtons shares are held by American Banks and hedge funds by the looks of it and therefore no surprise to see a lid being put on the share price for the last two years despite Foxtons making great waves especially in the rental market, they now have over 26,000 rental properties on their books and growing.
Remember, US hedge funds and US banks are awash with FREE US Dollars courtesy of the FED Dollar printing machine and there are no signs of this being curtailed anytime soon.
And as a result of this American banks can control prices, markets and currencies by having the risk eliminated courtesy of the FED and its what we've witnessed over the last few years with American companies swallowing up overseas companies for peanuts after driving their respective shares to absurdly cheap levels !!
Foxtons share price has been in and around the 30p mark for some two years now and is looking to break out to the upside, some more nosey buying again this morning but this suppression of the share price in my mind is deliberate and as a result many institutions have left the scene citing 'market underperformance' and its exactly what the crooked American Banks and hedge funds want, i.e. a lower institutional holding and thus a more favourable chance of getting Foxtons on the cheap. i.e. Less shares in public hands !!!
Sadly a lot of people and institutions fall for this and lose patience but I am hoping that at least some of them wake up to this before the American Banks and hedge funds get Foxtons on the cheap !!!