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/

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.

Cyners I havent a clue what fat boy Carson or camp doodlebug are saying as they have both been filtered, I took DB of for a few days to have a laugh at the fish fryers wife. ANYWAY heres my complimentary free gift to both of them I hope they mutually enjoy it together.

Why don't you try some on your nappy rash mikey, it's supposedly very good for that.

zinc cream is the stuff

Could only find this for you DB but it contains Zinc as Cyners recommended above.

Not good for you Mikey, it could make your nappy rash even worse;

If any of the following side effects occur while taking zinc oxide topical, check with your doctor immediately:

Some zinc oxide topical side effects may not need any medical attention. As your body gets used to the medicine these side effects may disappear. Your health care professional may be able to help you prevent or reduce these side effects, but do check with them if any of the following side effects continue, or if you are concerned about them:

Worsening of diaper rash

Questor share tip: Shares in Foxtons are one to avoid
Shares have tumbled since the company floated in September 2013, says Questor
By John Ficenec, Questor editor4:41PM GMT 27 Jan 2015

Foxtons
180+19p
Questor says AVOID

SHARES in Foxtons [LON:FOXT], the London-focused estate agent, were overpriced when it floated back in September 2013 and as the overheated London housing market seizes up they still don’t hold any attraction.
The estate agent said the commission on house sales in the last three months of 2014 was 26pc down on the same period a year earlier. The company added that they don’t expect any recovery in house sales until after the General Elections in May.
It is true that Foxtons is enjoying growth in the lettings business, with lettings revenue up 7.7pc in the last three months of the year. The lettings business contributes about half of the group revenue and 40pc of earnings.
The glimmer of hope from lettings was enough to send the shares up more than 10pc on something of a relief rally yesterday.

That said, the drying up of the London housing market has had a significant impact on Foxtons forecasts for revenue and profit. As recently as May of last year the broker Canaccord Genuity forecast adjusted earnings of £57.2m, on £162.2m in revenue, giving 14.6p in earnings per share (eps). Yesterday Canaccord Genuity said it now expected £46m in adjusted earnings, on £144m in revenue, giving 13p in eps for the year ended December 2014. Foxtons will report detailed annual results in March.
Foxtons is a classic example of a company that came to the market at a well timed peak. Central government easy money had been sloshing round the system for a while. One of the key beneficiaries has been the London property market where prices have quite literally decimated those in the rest of the UK by soaring more than 10 times.
The shares were priced at 230p in September 2013, the top of the range of expected prices, and trading on about 19 times earnings. The shares jumped more than 14pc on the first day’s trading and peaked at 398.8p in February last year, leaving them trading at about 27 times forecast earnings.

We recommended investors avoid this overpriced float at 230p on September 21 and the shares have subsequently fallen 22pc to 180p.
The shares are now trading on 12.7 times forecast earnings, which is more reasonable, but still not good value given the rapid slowdown in sales.

not a glowing endorsement it has to be said :-)

Just shows you Questor's opinion doesn't carry much weight when it didn't effect the sp at the end of the day.

No cyners cant understand you getting excited here.

Labour SNP coalition will surely be bad for property market initially.

Getting excited, you have been camped out on the FOXT thread on ADVFN for about a week trying to talk the sp down and throwing insults at anyone who disagrees with you.

i've got 'em, so it's a bit like a marriage vow :-)

Paying % overnight on a CFD??????

hope its a small position if yes.

no is the answer to that

Moving up nicely, 200p next stop?

On a down day (so far) nice to see these rise over 200p.

it is indeed very interesting and rather knocks on the head the doomsayers of a few weeks ago
i'll post a comparative of FOXT and CWD in a mo, which could be interesting

blue = foxt
red = cwd

over the last 3 months, FOXT has easily outstripped CWD, but certainly not over the last year