RE: Comment30 Jul 2025 15:03
Hi HBLU,
Just a different opinion from me as I felt the “must buy to grow” line is too negative. In H1’25, Foxtons did lean on M&A to lift lettings, but the group P&L improved materially, which is what you want to see when you’re rolling up recurring revenue. It only turns into a problem if organic metrics refuse to budge and the acquisition economics deteriorate—neither of which is evident from today’s numbers
Just my opinion
All the best