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/

so go short then!

Anthony Codling, an analyst at Jefferies, said the trading update had raised questions over Foxtons’ sales performance. “Foxtons’ growth in transactions was significantly below the market,” he said.

[.]

as i already hold, shall just sit out the storm

talking of which, i don't think the markets have remotely registered the damage that the collapsed oil price is doing ..... the average pleb can only see as far as his petrol pump

Telegraph

Britain's cooling property market hit sales at Foxtons in the fourth quarter, as the London-focussed estate agent said activity was unlikely to pick up until after May's general election.
"Subdued" growth in central London drove a 12.1pc reduction in turnover in the final three months of the year, although revenues from residential lettings grew by 7.7pc, the company said in a statement on Tuesday.
While full year group turnover rose 3.4pc, Foxtons said it expected conditions to remain challenging over the coming months, with uncertainty over the outcome of May's general election expected to put-off buyers.
"The residential property sales market continues to be subdued in central London, with volumes consistent with those seen in late 2012 and early 2013," the company said. "We do not anticipate a recovery in sales volumes until after the General Election in May."

Oh dear Mikey, it's all gone pear - shaped for you yet again !

not warranted
for sure sp has bounced nicely, but that's prob because there were bears expecting worse results

Not warranted cynic, after the abuse he has been dishing out over the road at myself and other posters? He deserves every bit of poo flying his way.

Just bears buying back cyners anyone would have to be mad buying these now with a likely Labour coalition hell bent on asset taxes which includes a mansion tax and more bands on council tax for the rich.

Far better sectors to go for.

Well done here db. Knobhead Mikey due to be sectioned any day now :0)

Cheers Chris.:-)

A Labour coalition is about as likely as mikey forgetting his petty vendettas and behaving like a civilised human being for a change.

LOL there you go mikey, called me chicken for not reporting you to abuse@advfn? Someone else has already done it;


"mike740
27 Jan'15 - 09:53 - 573 of 590 0 0


ohhh cockneys running to Clem again.........ohh bless weve hurt his feelings. Ohhh he is so sensitive."

DB (and sticky and chris) - i don't know or even care what goes on on advfn, as i never venture there
however, by and large this is a civilised board, and though there is much banter and even occasional handbag swinging, it would be a great pity if it started to degenerate far

The sooner gf is sectioned, the sooner your dream will come true cyners :0)

you're as bad as each other
you just need the village elder (me!) to smack your wrists every so often :-)

Agreed Chris and my dear old bean cynic, if you stop indulging gf every time he behaves like a spoilt child instead of treating him like an anti-social adult tw@t that might also help.

oh i have had my "moments" with gf too, but i hope i never let things run and run

cynic I wouldn't let things run and run either, but gf always has to have a snide comment here and there and a few lies to go along with it. I really don't appreciate being referred to as a "bankrupt" on several threads over the road and also on this bulletin board. He just doesn't know when enough is enough. The trouble with playground bullies is that if you keep letting them get away with it on a personal level then they will try it out on others. If people were made to post using their real names then a lot of the abuse would stop as the cowards wouldn't have the same degree of anonymity to hide behind.

Meanwhile, to get back to the subject of this thread, the sp is now up 19.25p.