Member Info for Yawksha

Absolutely, not gone unnoticed sain.

Leaving the lower hanging fruit until March, seemingly.

What a mess we're in, and what a desperate bunch they are ...

You're probably right ...

Converium also recently upped their stake, so to be making such comments is a bit rich.

The other thing all this does, however, is create further 'noise' around the business which is no bad thing, not least when the current regime are receiving plaudits, unlike the last time this reared it's head.

Look at the other thread, it's suggesting someone's come knocking ...

It must be by design.

This is a bit like a game of Cluedo, and all will be revealed in due course.

Gittins. In the Estate Agents with the Digital Portal!

I tend to agree.

It's alright throwing champagne bottles around, issuing shiny new motors and sabre rattling etc., but even in the current economic environment the latest numbers leave one feeling that there are a few things not quite stacking up. Increased headcount certainly doesn't come cheap ...

They did £31.5m in Q4 LY.

But you're right, citing a Q4 number of £26.7m to take us to the FY concensus is barely credible ...

And I don't understand why ...

When Revenues YTD Q3 F'22 were £108.9m, and FY'22 was £140.3 ...

Then if YTD Q3 F'22 Revenues are £114.8m, how can the 'concensus' FY 23 number of £141.5m be anywhere near realistic?!

Certainly either the Chestertons news, and / or the imminent announcement of the Q3 numbers has given a filip to the SP ... Onwards and upwards.

Yes, Thu 26th!

Clearly not today! (And suggested as such on the other site).

A bit disconcerting that they can't even get their ducks in a row on the financial calendar ...

Sit tight now until next Thu 27th Oct.

F'22 FY identified medium term operating profit target of £25 - 30 million;

and more importantly, but without definition, improved shareholder returns.

We may well be heading for the former, the jury is out on the latter.

In my book Gittins needs to continue to focus on operational delivery, it's Rich that needs to press flesh and build the network etc. to get us the right levels of return ...

Interesting stuff 5eights. Wonder whether Foxys were in the mix or chose to leave it alone. They'll have sure been aware.

A big week coming up, and as others have articulated there must likely be something bubbling under that will become visible, sometime soon ...

Yes indeed... even Gittins himself has done a disappearing act!

It's not all gloom & doom sain ...

Hounslow 7 of 62 under offer

Sloane Sq 10 of 99

Wapping 2 of 75

Earls Ct 9 of 97

All from the numbers scrolling down just the first page of listings.

Agreed not shooting lights out, but these are very diverse markets and they include significant new build properties.

Numbers are better elsewhere, and with mortgage rates now subject to increasing competition across lenders, I believe there is room for optimism ...

And still it goes on ...

https://www.landlordzone.co.uk/news/new-rents-still-rising-fast-in-london-as-up-to-38-tenants-chase-each-property/

This is the Linkedin link from the Foxtons director in charge of auctions, Alex Isidro. Without quoting specific numbers It supports the belief that this arm of the business continues to grow every quarter, and they're keen to increase the resource behind it! :-

https://www.linkedin.com/posts/alexisidro93_property-auctions-broker-foxtons-activity-7092066093506162688-FIJQ?trk=public_profile_share_view

And over 60 job vacancies currently advertised across all departments as additional resource is put in place across the business.

I keep randomly checking Foxtons branches Sales portfolios and over the last couple of months I would suggest there has been a noticeable increase in properties Sold and particularly Under Offer.

What they have also acquired are a significant number of new build listings (apartment blocks)