Jump to content
House Price Crash Forum

Foxtons Share Price And The Housing Market - Merged

Recommended Posts

  • Replies 2.1k
  • Created
  • Last Reply

Top Posters In This Topic

Not considering buying, correction just getting started but good buys usually follow material correction. Wouldn't touch with barge pole at present. That said, balance sheet has little debt and they are profitable and generating cash. Would be interesting to look back at all past accounts, come up with a conservative profit after tax and play around with valuations. But good point - anyone can setup and foxton geared to rising market cause they are so aggressive.

Link to post
Share on other sites

At a market cap of 550 million and 51 offices, that is still more than 10 million per office. While they are printing money thanks to the idiot snobs who prefer to sell via Foxtons even though they have to pay a higher commission, it is still an astounding figure.

At 2.5% minimum commission how many billions has each office have to sell + there are the business costs staff, tiny cars, rent etc?

It needs to turnover about 0.5 Billion (500,000,000) per office!!

Link to post
Share on other sites
  • Guest featured this topic

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.