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/

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

early in the morning, but clearly the results are little worse than expected as sp only down about 3p

interesting how much the looming GE has unsettled the property sales (not letting) market
peeps are very worried about this extra property tax that labour seems so keen on, not least because (no surprise) there has been no indication as to how it might be levied


as an aside, i think those in more valuable properties would have little or no problem if council tax had a few more bands added

margin is expected to be above 30%.


now look what they said on the 23rd of October 2014..............


Q3 Adjusted EBITDA margin2 was 35.6% compared to 43.7% during the same period last year

This says it all........

The residential property sales market continues to be subdued in central London, with volumes consistent with those seen in late 2012 and early 2013. Despite Q4 sales commission being down 25.7% on the comparative period last year when the London sales market was operating at its highest level since 2008, full year sales commission of £70m was 3.6% up on prior year. As indicated in our October 2014 Interim Management Statement, we do not anticipate a recovery in sales volumes until after the General Election in May