Founded in 1981, Foxtons started life as a two-person agency in Notting Hill. Over the years we are proud to have become London's leading estate agent.


Estate agency Foxtons Group has announced the successful pricing of its IPO of 169.4m shares of one pence each. The price has been set at 230p per share.

Based on the Offer Price, the market capitalisation of the Company will be approximately £649m on admission.

The Offer is expected to raise gross proceeds of approximately £390m, comprising a primary component of £55m and secondary sales of £335m. Secondary sales will consist of a partial sell-down by Adnams BBPM Holdings Limited (an entity controlled indirectly by funds advised by BC Partners), executive directors of the Company and certain other employees of the Group.

Conditional dealings will commence on the London Stock Exchange at 8.00 a.m. today under the ticker FOXT.

Admission to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange and the commencement of unconditional dealings in the Shares ("Admission") are expected to take place at 8.00 a.m. on 25 September 2013. At Admission the Company will have 282,176,468 Shares in issue.

http://www.foxtons.co.uk/

i hold the shares, though on a personal level, i don't like the company aggressive approach

nevertheless, they are exceedingly efficient and effective, getting plenty of footfall through the properties and thus results

i know i go against the flow, but i am not gloomy of FOXT's behalf at all, not only for the reasons above, but also because their main market on the sales front, is medium range - ie not much affected by the new stamp duty levels - and where they don't sell, they let

Lettings will be ok, but reports across the road from a so called insider indicates bad trading in the shops for houses.

Have you checked CWD, reported yesterday......profit warning and they arent as exposed to London as much as FOXT.

See what they say about London and med term trading.

Stock as fallen through support floor.

Be very careful.

for my sins i hold both FOXT and CWD, but not with short-term trading in mind

FOXT is very much london based, but i think CWD is more widespread

My report came from Winkworth, which is quite small but very good in central london (don't know there other branches)

Manuel,

Are theses the ones you bought at about 300 sometime in Oct 13?

yup, i'm afraid so, though i have had plenty worse

Doodlebug 3 1/2

mikey, try Specsavers, it went up 10p today = 6.25%. How did HOC do?


"mike740
23 Jan'15 - 16:30 - 477 of 483 0 0


No not at all, just look how far up shorts were opened.

In the scheme of things its hardly moved today.
The whole sector as risen on some 2nd rate broker note."

Napoleon,

So have I.

Held Carter once.

Still curse and hope it taught me something.

doodlebug4 - 23 Jan 2015 17:25 - 114 of 115

mikey, try Specsavers, it went up 10p today = 6.25%. How did HOC do?


"mike740
23 Jan'15 - 16:30 - 477 of 483 0 0


No not at all, just look how far up shorts were opened.

In the scheme of things its hardly moved today. The whole sector as risen on some 2nd rate broker note."

DB 3 1/2....................





Then, Tara to use this on you.....

Would you like me to post a picture of a bottle of Lithium pills for you?

Send e-mail to GF........

www.billy.liar.c/oramptonsecurewing.com

Back to vaseline, cheap lard is no good for you DB3 1/2..............

bugger off sticks and behave yourself!

The MODERATOR has spoken.

DB 3 1/2


You can send me a bottle of Lithium as long as it is submerged in oil!

Market price is very good!

Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 21/01/2015, 2 days ago, when the stock price was 163.0000. Since then FOXT.L has risen by +4.29%.Market Outlook The bulls are strong. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security, but with a more cautious attitude.

British Bulls

Profit Warning.......

PROFIT WARNING.

Here are the forecasts, NUMIS were expecting EBITDA of £47.30 million.

The Total Broker Concensous figure was £47 million. Margins look way down.

Foxtons Group PLC

FORECASTS

2014 2015
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Canaccord Genuity Ltd
24-10-14 BUY 12.06 13.48

Numis Securities Ltd
23-10-14 BUY 42.40 11.80 10.30 47.30 13.40 12.50

GROWTH
2013 (A) 2014 (E) 2015 (E)

Norm. EPS 57.86% -3.19% 12.66%
DPS % % 21.36%

INVESTMENT RATIOS
2013 (A) 2014 (E) 2015 (E)

EBITDA £49.85m £47.00m £52.10m
EBIT £46.17m £m £m
Dividend Yield 0.00% 6.06% 7.35%
Dividend Cover x 1.16x 1.08x
PER 13.80x 14.25x 12.65x
PEG 0.24f -4.47f 1.00f
Net Asset Value PS 8.60p p p