Guest Posted September 27, 2017 Share Posted September 27, 2017 In terms of brands, I don't think EAs rely on brands. I cant remember the name of the EA I used to sell a property 2 years ago, nor the ones I've viewed through in last 3 months. Quote Link to comment Share on other sites More sharing options...
Option5 Posted September 27, 2017 Share Posted September 27, 2017 5 minutes ago, Grab_Some_Popcorn said: In terms of brands, I don't think EAs rely on brands. I cant remember the name of the EA I used to sell a property 2 years ago, nor the ones I've viewed through in last 3 months. But even so you've heard of Foxtons and know what their business is....Brand awareness is high for them, especially in London Quote Link to comment Share on other sites More sharing options...
Lambie Posted September 27, 2017 Share Posted September 27, 2017 (edited) Another day, another low.. How soon will it be eclipsing that other bastion of sound financial management, Lloyds.. Edited September 27, 2017 by Lambie Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted September 27, 2017 Share Posted September 27, 2017 7 minutes ago, Lambie said: Another day, another low.. How soon will it be eclipsing that other bastion of sound financial management, Lloyds.. haha, just how low can this crap go? Quote Link to comment Share on other sites More sharing options...
Option5 Posted September 27, 2017 Share Posted September 27, 2017 2 minutes ago, GreenDevil said: haha, just how low can this crap go? Zero? Quote Link to comment Share on other sites More sharing options...
Lambie Posted September 27, 2017 Share Posted September 27, 2017 There we go.. Foxtons now officially more of a basket case than Lloyds. Sweet dreams, EA's. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted September 27, 2017 Share Posted September 27, 2017 On 26/09/2017 at 10:48 AM, Confusion of VIs said: I am not sure Purple Bricks will do well out of the downturn. If you cannot sell your house a commission based deal is better than paying up front. I suspect we will soon be hearing sob stories about how Purple Bricks took hundreds of pounds off me and didn't sell my house. If you look at last sold price knock off the extra agents fees off your price and list with PB = logical think you can do better and put 10/20% what the agent told you to list for on PB = Illogical Round here its mostly the second option tbh how dare you tell me my dead nans house is not worth 500k+ Quote Link to comment Share on other sites More sharing options...
Option5 Posted September 27, 2017 Share Posted September 27, 2017 Countrywide PLC LON: CWD - Sep 27, 3:40 PM GMT+1 112.25GBX2.25 (1.97%) Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted September 27, 2017 Share Posted September 27, 2017 Ha ha ha loving this slow decline. Old age creeps up on you. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 27, 2017 Share Posted September 27, 2017 Only 30 more 2p falls before foxsh1t hits 0p. Quote Link to comment Share on other sites More sharing options...
Lambie Posted September 27, 2017 Share Posted September 27, 2017 (edited) found an interesting site that has details on the daily trades. https://www.share.com/find-investments/advanced-finder/company-overview/foxtons/trades/20913/?pass=1&chart_type=volume Whoever spent 54k on the shares earlier today at 69p hoping for a quick flip must be questioning his life choices by now.. Edited September 27, 2017 by Lambie Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 27, 2017 Share Posted September 27, 2017 A nice chart from Initial public offer to today 38 minutes ago, Lambie said: found an interesting site that has details on the daily trades. https://www.share.com/find-investments/advanced-finder/company-overview/foxtons/trades/20913/?pass=1&chart_type=volume Whoever spent 54k on the shares earlier today at 69p hoping for a quick flip must be questioning his life choices by now.. A nice chart from Initial public offer to today. It's the past performance but I 'm not really seeing anything in the environment that screams buy. I don't even think the staff can manage to get the finance in place to take the thing private. http://www.foxtonsgroup.co.uk/investors/ Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted September 27, 2017 Share Posted September 27, 2017 4 hours ago, Grab_Some_Popcorn said: In terms of brands, I don't think EAs rely on brands. I cant remember the name of the EA I used to sell a property 2 years ago, nor the ones I've viewed through in last 3 months. I bet you knew a couple to avoid when it came to selling your place. In Croydon it's Foxtons wannabee Streets Ahead and of course Foxtons itself. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted September 27, 2017 Share Posted September 27, 2017 1 hour ago, Lambie said: found an interesting site that has details on the daily trades. https://www.share.com/find-investments/advanced-finder/company-overview/foxtons/trades/20913/?pass=1&chart_type=volume Whoever spent 54k on the shares earlier today at 69p hoping for a quick flip must be questioning his life choices by now.. Musta been an EA with his finger on the pulse ? Quote Link to comment Share on other sites More sharing options...
Kilham Posted September 27, 2017 Share Posted September 27, 2017 1 hour ago, Lambie said: found an interesting site that has details on the daily trades. https://www.share.com/find-investments/advanced-finder/company-overview/foxtons/trades/20913/?pass=1&chart_type=volume Whoever spent 54k on the shares earlier today at 69p hoping for a quick flip must be questioning his life choices by now.. They'd have had more luck using it flipping a couple of terraced houses in 'pool. Quote Link to comment Share on other sites More sharing options...
Guest Posted September 27, 2017 Share Posted September 27, 2017 2 hours ago, Confusion of VIs said: I bet you knew a couple to avoid when it came to selling your place. In Croydon it's Foxtons wannabee Streets Ahead and of course Foxtons itself. Actually I asked 3 for valuation, but went for one that sounded most human in their emails. This was in a quiet Dorset town though, very different to foxtons world Quote Link to comment Share on other sites More sharing options...
ronpember Posted September 28, 2017 Share Posted September 28, 2017 http://preview.*******.com/ybpgswjc “Trading remains challenging for Foxtons due to the low levels of housing activity in the capital. “In our view, this is being exacerbated by the group’s relatively high commission fees, which are increasingly detached from average rates charged by its competitors. “Self help could come in the form of a reduction in fees but, as yet, management seems reluctant to take such action. The lettings fee ban looks set to come into force in 2018, which will create a further drag on profitability.” Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 28, 2017 Share Posted September 28, 2017 66.50... Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 28, 2017 Share Posted September 28, 2017 Countrywide, LSL and Foxtons facing £26m annual profit cut from lettings fee ban http://www.propertyindustryeye.com/countrywide-lsl-and-foxtons-facing-26m-annual-profit-cut-from-lettings-fee-ban-analyst/ Opinion piece: Is it time to break up Countrywide and sell off the parts? http://www.propertyindustryeye.com/countrywide-lsl-and-foxtons-facing-26m-annual-profit-cut-from-lettings-fee-ban-analyst/ Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted September 28, 2017 Share Posted September 28, 2017 Well according to my analysis, this is going lower. A lot lower, like 9p. This is what happens when the business is no longer a viable business. Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted September 28, 2017 Share Posted September 28, 2017 9 minutes ago, GreenDevil said: Well according to my analysis, this is going lower. A lot lower, like 9p. This is what happens when the business is no longer a viable business. How is a company with no debt, pre-tax profits of £3.8m and net free cash flow of £2.1m not a viable business? Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted September 28, 2017 Share Posted September 28, 2017 Latest on Foxtons (and Countrywide) from a stock market analyst Jago maintains a sell recommendation for Foxtons, predicting a £3m hit on lettings per year. He also warns its high commission fees are impacting the firm’s activity and may need to be reduced. He said: “Trading remains challenging for Foxtons due to the low levels of housing activity in the capital. “In our view, this is being exacerbated by the group’s relatively high commission fees, which are increasingly detached from average rates charged by its competitors. “Self help could come in the form of a reduction in fees but, as yet, management seems reluctant to take such action. The lettings fee ban looks set to come into force in 2018, which will create a further drag on profitability.” Quote Link to comment Share on other sites More sharing options...
Option5 Posted September 28, 2017 Share Posted September 28, 2017 5 minutes ago, Patient London FTB said: How is a company with no debt, pre-tax profits of £3.8m and net free cash flow of £2.1m not a viable business? When the profits dry up and the cash runs out Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 28, 2017 Share Posted September 28, 2017 1 hour ago, rantnrave said: Countrywide, LSL and Foxtons facing £26m annual profit cut from lettings fee ban http://www.propertyindustryeye.com/countrywide-lsl-and-foxtons-facing-26m-annual-profit-cut-from-lettings-fee-ban-analyst/ Opinion piece: Is it time to break up Countrywide and sell off the parts? http://www.propertyindustryeye.com/countrywide-lsl-and-foxtons-facing-26m-annual-profit-cut-from-lettings-fee-ban-analyst/ Sell of what parts? To whom? The artcle assumes theres some value there. Its just a colleciton of offices. Plently of empty commercial real estate out there. Quote Link to comment Share on other sites More sharing options...
Option5 Posted September 28, 2017 Share Posted September 28, 2017 1 minute ago, spyguy said: Sell of what parts? To whom? The artcle assumes theres some value there. Its just a colleciton of offices. Plently of empty commercial real estate out there. And I bet the Minis are leased Quote Link to comment Share on other sites More sharing options...
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