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Business Analysis: Is It Time To Sell Up?

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Guest wrongmove

Business Analysis: Is it time to sell up?

" The founder of Foxtons is selling up. He is as canny an estate agent as they come, so if he is getting out, should the rest of us be worried too?

When the director of a public company sells a large block of shares in his business, the stock market usually takes fright. As any City trader will tell you, no one knows more about the health of the business than the men and women who sit in the boardroom. So it is little wonder the property world has been thrown into some sort of turmoil over the news that Jon Hunt, multimillionaire founder and owner of the controversial Foxtons estate agency chain, is selling out for an estimated £390m.

If Hunt is getting out, then is the over-cooked housing market on the brink of a collapse, people are asking? And with good reason.

After apparently flirting with a stock-market listing, Foxtons is going down the now familiar route of a sale to a private equity house, BC Partners.

Foxtons, like its much larger rival Countrywide, which has just been snapped up by the private equity group Apollo, generates a lot of cash, although expansion into the US has been expensive. So the offer from BC would have been pitched at the top end of the price range, and attractive to Hunt - especially if he felt the bid had come at the top of the UK property market.

But experts have been predicting a crash for the last couple of years - and although house price inflation has been slowing, there are still no indications of an imminent collapse.........."

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2 years ago for the W Midlands was the time to have sold. IMO, too late now for most to get out at miracle prices.

Watch now as the rats run for their lives.......scampering like crazy to jump ship... The canny ones left ages ago.......

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I have a colleague at work who has bought a property in Slovakia. He was telling me that he was thinking of selling his UK home and renting as he thinks things are looking a little top heavy. I was quite surprised, as he is an idiot (usually).

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Business Analysis: Is it time to sell up?

" The founder of Foxtons is selling up. He is as canny an estate agent as they come, so if he is getting out, should the rest of us be worried too?

When the director of a public company sells a large block of shares in his business, the stock market usually takes fright. As any City trader will tell you, no one knows more about the health of the business than the men and women who sit in the boardroom. So it is little wonder the property world has been thrown into some sort of turmoil over the news that Jon Hunt, multimillionaire founder and owner of the controversial Foxtons estate agency chain, is selling out for an estimated £390m.

If Hunt is getting out, then is the over-cooked housing market on the brink of a collapse, people are asking? And with good reason.

After apparently flirting with a stock-market listing, Foxtons is going down the now familiar route of a sale to a private equity house, BC Partners.

Foxtons, like its much larger rival Countrywide, which has just been snapped up by the private equity group Apollo, generates a lot of cash, although expansion into the US has been expensive. So the offer from BC would have been pitched at the top end of the price range, and attractive to Hunt - especially if he felt the bid had come at the top of the UK property market.

But experts have been predicting a crash for the last couple of years - and although house price inflation has been slowing, there are still no indications of an imminent collapse.........."

Any bets on what price will he buy back for after the crash? £1? (deja vu with the previous estate agent buyouts)

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