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Some might see Foxtons Group (FOXT) as a good recovery play given how far the share price has fallen in recent times... but is it?...
London estate agency Foxtons (FOXT) has updated on the first quarter of 2017, seeing a significant decline in revenue on the corresponding 2016 period though arguing “performance has been in line with the board's expectations”…
Already down to sub 100p having commenced 2016 at 188p, has a full-year trading update helped shares in London estate agency Foxtons (FOXT) recover somewhat? Er, nope…
Estate agents took a big hit last week when Chancellor Philip Hammond’s Autumn Statement revealed a surprise, in the form of a ban on letting fees.
Hello Share Chippers. An estate agent with a big interest in London is Foxtons (FOXT). But how could anyone suggest this share is worth a look after Brexit? Surely properties in the Smoke will be in the firing line now that we are to leave the EU?
Foxtons (FOXT) shares reached an all-time low since their 2013 flotation in the wake of the EU referendum, and despite recovering from that nadir, sentiment remains weak. The shares are changing hands today at 113p, 8% lower on the day, in the aftermath of their latest interim results.
Oh dear, all those posh kids who were too thick to do anything else and ended up working at upmarket London Estate Agents Foxtons are going to get fired. It is almost P45 time for the young toffs as a dreadful profits warning is out today which, utterly unfairly, blames Brexit. Bloody Boris Johnson. He's not only screwed half the woman in London now he's fucked Foxton's too. The rotter.
I’ve been fairly bearish on property in general for the past year or so, and whilst I was possibly a little premature in covering a couple of the larger estate agents as shorts, they have ultimately fallen since then.
Current opinions on the direction of the UK property market over the coming year certainly wouldn’t send me rushing to invest in any estate agents. That is even more the case when you look at London, and especially high-end properties, and is why I currently see Foxtons Group (FOXT) as a sell and would expect the share price to drift during 2015.
As we head into 2015, infamous bear raider Evil Knievil and I had a brief chat this morning about his top shorting ideas for 2015.
Shares in Foxtons (FOXT) have been sliding for a while – the market anticipating that sooner or later London’s poshboy Estate Agent would serve up a profits warning. Last week it duly obliged but even at 158p post warning the shares remain a pretty safe short for Christmas.
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