Member Info for Ejackson

All valid points f15jcm but what they are doing and unlike for example Countrywide, is generating cash and are debt free, so that is probably why the SP is where it is. I remain invested, rightly or wrongly, as the market will change and they are best positioned to take advantage when it does take a turn for the better. I don't disagree with your short position but you have a more short term strategy to mine, so we could both end up being right over a period of time.....

He also sold 1,000,000 shares yesterday which seems to have gone unreported and contradicts the companies belief that he is taking the business in the right direction. Putting aside the general market conditions, a sale such as this doesn't inspire me with confidence.

So a peculiar year is what is quoted. Like London buses, the pipeline waits for the awarding of contracts to come in and after a long period of waiting, they all come at once. Next 6 weeks look very important to realising full potential. Last year disappointing, looking forward see,s to be positive both in how its started and how it will develop.At least it is this way around and the SP should go in the right direction.

Spot on Columbo.

Core debt still came down previously despite the payments and we are in a new era of making a decent profit. I am not advocating anything large but the resumption of a small dividend would make a massive difference to sentiment and change in direction from the 'dark years'.

All very good reading with the usual 'cut and paste' from Jeremy Helsby about geopolitical risk etc going forward helping to manage expectations again. I suspect the share price will not move greatly in either direction until the next TU comes through which if previous years are anything to go by, will then push the SP upwards. Steady as you go.

The payment of a small dividend would send to the market the clearest message possible that the BOD believes the heavy lifting has been done and they have full confidence in the future direction of the company.

....is total car crash f15jcm as shown in todays RNS. That will be a long path to recovery, if indeed it is possible. Foxtons have got their own challenges being entirely London focused but these are market sentiment driven. Given this though, they are managing the company very well and have a strong balance sheet. I agree, the valuation looks racy at the moment but it wont take much for them to reap the rewards of a market that bounces off historic low transaction levels. There may well be some predatory interest lurking too...

...Skindle and marvelling at your alleged powers of influence in getting the company to issue an early RNS!!! I am delighted that we have entered into the agreement with SPD. Far too long in coming for something that was so obvious would be of benefit to both parties, however, it has come at the expense of allowing Liam Rowley into the boardroom, albeit in an observational capacity with confidentiality agreements in place. Believe that and you will believe anything. You and I have very different views on MA, Skindle. Mine are based on informed and well placed opinion and I respect these views. My hope is that Liam Rowley will advise sensibly and keep SPD's involvement to one that only benefits us both and not solely SPD in the future. I gave a lot of consideration to yesterday's announcement and have bought again having taken a birds eye view of the company. I feel it is now so well placed to move forward and the newsflow in the foreseeable future will reflect this with numbers to confirm the same. As a result, I believe that the SP is woefully undervaluing its true worth. We should be trading at a minimum of �2.50 but I sense we will need a TU at the end of March to get there and beyond.

Such a rise after the latest RNS would suggest something is afoot and I would agree with you cestepe09, the conditions would appear to favour a predator. Begs the question as to what would be a fair price?

A pleasant finish to the day. Anyone know/ heard any rumours as to why this has happened?

Agreed f15jcm. my hope is that things pick up and they can issue a positive TU in the next 6 months at which point the SP will respond positively and quickly. Until then though, it does look pricey.

Disappointed Sain. The results themselves had been well telegrapghed so no surprises there. The recent and steady rise in the SP led me to believe the London market had turned a corner and anecdotaly I had heard that was the case, so when it was announced that the current pipeline was below last year, that was not what I was expecting nor wanted to hear hence imo the sole reason behind the fall today. Given this, I thought we might have gone lower but your comments, I believe, are well founded and there were rumours of a possible takeover not so long ago so that might lend some support to the SP. The rationale for such a cash generative and debt free company where the upside over the next 3-5 years wont be lost on some players....

Chaps (an assumption on my part and forgive me if I am wrong) I am not quite sure where the burst of posts sprung from but your thoughts/ analysis are both valued and I for one would prefer to see these without having to suggest impropriety towards one another. You are better than that.

On this day exactly a year ago, Ian Burke bought 40,000 shares at �2.05 and Philip Maudsley sold 90,000 at the same price. Wouldn't it be nice if the the former topped up and the latter bought back in to provide a clear vote of confidence in the company's future and lack of recognition of fair value in the current share price.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FDL/13299290.html The above link is to their last update back in July 2017 and taking everything into account, including exceptionals, they saw a fair value of �3.24p I don't tend to pay too much attention to brokers, however, Edison have snuggled up to our board and appear to have an inside line. I would be very interested in reading what their thinking is now given the substantial pace of change since then. Two general thoughts. Firstly, as a growth, in the vast majority and growing all the time, online offering, with debt coming down progressively each time we report, the market is hugely undervaluing an excellent and sustainable growth story. I am at a loss as to what will shine a light on Findel and draw attention to the fact. More broker recommendations, director buying, an MBO, takeover? Secondly, I can't help get away from our 'Activist Shareholders' and believe their presence is acting as a drag to our SP heading north. Total conspiracy theory on my part but the City loathes Mike Ashley and maybe it's just a coincidence that despite all the good news, we never seem to break out above the price at which he became invested, thereby denying him a profit on his CFD's. Will he remain stubborn and wait or will his new head of 'Strategic Investments,' who should have got his feet firmly under the desk by now and done all the necessary research, be advising a different course of action. Either way, it smacks of classic Mike Ashley playing a glorified game of his favourite poker. I noted that our board are keen to, and have engaged in talks with third parties over expanding our offering. This may or may not include SD, which might have a bearing on his investment given how we know he behaved over Kitbag....I would love to see the back of him.

I will not pretend to be anything other than disappointed with the closing SP after an excellent TU. If the market is only focusing on a reference to a slightly slower January which traditionally is slow at best, I really am lost for words. We languish on p/e under 10, way behind our peer group who have their problems. When will the market recognise just how cheap we are given our now proven road to recovery. On every front it is good news apart from a reflective SP.

The business is being run well in a continuing difficult market and these numbers, given the circumstances, are pretty good. I hear more homeowners are looking to move out of London and are prepared to take on board a selling price that will attract interest. The follow on from this is that there should be higher transaction levels which are key to the business being more profitable. It will come but patience will be rewarded. Lettings in the meantime continues to keep everything steady. Cash balances increased too which the car crash that is Countrywide can only dream of. A complete mess and only the very brave would want to be part of that at the moment. Given how Platt destroyed the business and the mass defection that has gone on, forced or voluntary, it is difficult to see how the agency model will survive in its current form. The new CEO will be forced to address its current balance sheet to survive and that can only mean selling off parts of the business. Morale in the meantime, will be sapped further and difficult, at best, to turn around. I know where I would rather have my money invested.....

Very, very happy with this and a healthy change to the board. Just down to the market to acknowledge an undervalued SP.

....under the table Oxo would be detected by one of our products....there we go, a sale, so lets see an RNS announcing the order!!