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Foxtons Share Price And The Housing Market - Merged


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HOLA441

TMT ( The Masked Tulip ) and 1 tother explained this to me...it seems it's could be being sold sideways...which means someone's offloading the share in dribs and drabs and keeping the price at a level.

 

Not a good sign if true.

 

 

 

 

 

 

 

 

 

 

 

 

Let's hope it's true, eh :lol:

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17 minutes ago, TheCountOfNowhere said:

TMT ( The Masked Tulip ) and 1 tother explained this to me...it seems it's could be being sold sideways...which means someone's offloading the share in dribs and drabs and keeping the price at a level.

Not a good sign if true.

Let's hope it's true, eh :lol:

Equally could be someone building a stake providing a support level.

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http://www.propertyindustryeye.com/shares-in-foxtons-fall-after-firm-says-revenue-down-25/

'Group revenue in the first three months was £28.7m compared with £38.4 in the first quarter last year.

Sales were particularly badly hit, falling to almost half of the revenue brought in during the first quarter of last year, while letting revenues held up.

First quarter revenues were: sales £11.1m, compared with £20m in the same quarter last year; lettings £15.5m, compared with £15.8m; and mortgage broking fees £2.1m, against £2.6m.

City analyst Anthony Codling of Jefferies said:

“However, trading is in line with the board’s expectations and revenues are balanced across sales (39%), lettings (54%) and mortgage broking (7%).

“Foxtons is reassuringly expensive with fees at 3% (inc VAT) equating to £14,250 on the average London home, some 12 times greater than the Purplebricks base fee of £1,199.

Last year, Foxtons delivered pre-tax profits of £18.77m. The firm has no debt. '

 

 

I can't imagine what's going to happen when lettings fees get banned.

 

 

Another

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  • 3 weeks later...
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HOLA4411
1 hour ago, Doctor SickoPants said:

Bear positions spiking:

http://shorttracker.co.uk/company/GB00BCKFY513/all

Add in Old Mutual's 0.37 which doesn't show in the headline figure and 7.11% of the company is being shorted.

DS - I see that George Osborne's sponsor has a large hand in casino stuff here. Or am I wrong? Not entirely sure how to intepret the tabels.

Edited by jonb2
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3 hours ago, jonb2 said:

DS - I see that George Osborne's sponsor has a large hand in casino stuff here. Or am I wrong? Not entirely sure how to intepret the tabels.

Well the last holding RNS, in May, put Blackrock above 5% . They've been steadily increasing shorts since May last year, long time before Osborne joined. I guess it's a hedge.

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5 hours ago, Doctor SickoPants said:

Well the last holding RNS, in May, put Blackrock above 5% . They've been steadily increasing shorts since May last year, long time before Osborne joined. I guess it's a hedge.

Thanks DS. Although I think Osborne and Uber were connected before this.

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They have 'issues' coming from all angles- letting fee legislation, falling sales volumes, new competition. However these external factors are all things a business has to deal with. Still though I am surprised they are still a plc and have not been taken private. Management buyout ?

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