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Foxtons Share Price And The Housing Market - Merged


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You beat me to that :lol:

Could be below 50% down by the end of the day/week.

What does it al mean ?

You wait until Gorgeous George and Clooney Carney come out with some other house price ramping plan and this shoots up to £3.00 in a day. You will be sorry then that you did not take this buying opportunity ;)

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You wait until Gorgeous George and Clooney Carney come out with some other house price ramping plan and this shoots up to £3.00 in a day. You will be sorry then that you did not take this buying opportunity ;)

I think gorgeous george think's his low volume London mega bubble will make it to the next election now. I doubt they will risk throwing anything else at the bubble.

HTB was lambasted any more support for the rich wont go down well.

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Hedge funds continue to bet on market slowdown

Hedge funds are continuing to set up so-called short positions against quoted companies from the residential industry as worries grow of a slowdown in the housing market and house-building sectors.

In recent weeks fund managers have been shorting Foxtons, because of its particular vulnerability to a fall in London prices. With a market cap of £590m Foxtons’ share price has fallen around 14 per cent since the start of September.

Barratt Homes, Rightmove, Zoopla and high-end agency Savills are amongst other residential industry names targeted by the funds.

Shorting is an strategy associated closely with hedge funds and, to the outside, appears another example of a casino-style approach to investment.

It involves an investor - or hedge fund - ‘borrowing’ shares from a broker and selling them on the open market. The investor must eventually buy back the shares from the open market and ‘return them to the broker, but the trick is in time the buy-back so it costs less than the sale price, thus creating a profit.

Online financial services have this week quoted Tom Walker, co-head of global property securities at UK fund manager Schroders, as saying that the ‘shorting’ process of well-known residential companies follows recent figures suggesting that London house prices have peaked and a potential slowdown next year.

“What [the hedge funds] are calculating is that the trend continues and it isn’t just a one off or a seasonal slowdown” he says.

Last week’s Royal Institution of Chartered Surveyors figures are quoted by several analysts as an indicator of the market’s volatility.

RICS says momentum in the market has faded with house price growth slowing to the same level as 16 months ago and demand from new buyers faling for the third month in a row in September. In London "caution took a particular toll", with demand down for the fifth consecutive month.

http://www.estateagenttoday.co.uk/1454-hedge-funds-continue-to-bet-on-market-slowdown
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Why is shittywide's share price so high?

They posted good profits and the share collapsed stopped and the price shoy up.....it's dropping again now..................

52 Week High 701.00 52 Week Low 445.80 52 Week Low Date 29-SEP-2014

It's not rocket science as to what is coming next.....

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