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/

dunno guv .... i'm just the bleedin' messenger :-)

Yes, CWD looks interesting as well.

Sharecast -


House prices bounce back higher, says Halifax

Thu, 05 February 2015


House prices bounce back higher, says Halifax



UK house prices have begun to rise again after their slowdown in the second half of last year, according to new data from Halifax.
House prices in the country enjoyed their first quarterly rise since last summer, rising 1.9% in the three months to January compared to the preceding three months and 8.5% higher than in the same period a year ago.

This annual increase was up from the 7.8% in December but remained some way below the heights of 10.2% last July.

House prices also grew by 2.0% between December and January, the biggest January monthly increase since 2009.

"This bounce-back in house price growth in January coincides with reports of the first rise in mortgage approvals for six months in December," said Halifax economist Martin Ellis.

"These improvements may indicate that the recent declines in mortgage rates, the reform of stamp duty and the first increases in real earnings for several years are providing a modest boost to the market.

"It is, however, too early to draw any firm conclusions."

January's figures have a history of volatility due to the lower activity at this time of year, with unusually large rises seen in 2007 and 2009, for example.

chris - yes ... in more sensible mode, just above 220 comes 200 dma and that is an obvious sort of hurdle

goldfinger/mike 740 and many other sad aliases
not only a nasty muppet but a cracking counter signal for investing

apart from pissing bile, what on earth was the point of that last post?

GF reckoned a SELL from memory, but then so did most of the press
i happened to disagree, and for now, that has proved to be the correct call

Good info you put up cynic at the time.

purely what i perceived
even a blind pig will find an acorn sometimes

No comment. :-))

Share price recovering well this days, well noted on the chart as the PE is now more reasonable.

GF maybe not allowed to post here anymore, but he makes sure causes chaos at FOXT other places

793naa 8 Feb'15 - 20:44 - 878 of 878 0 0
mike740 - what a sad and inadequate person you are.

You really need to get out of your bedroom in your mums' house and try to get a life - but I suspect you know this already.

From the Ft today:
"Hedge funds have begun to take out bets against property businesses that are exposed to the downturn in London’s housing market, in the first sign that investors are tentatively seeking to profit from the slowdown.
Several hedge funds have taken out short positions, essentially bets that a company’s share price will fall, against estate agents Foxtons and Savills, along with property portal Zoopla, and housebuilder Berkeley Group.
The capital faces a surfeit of expensive new homes as developers rush to profit from foreign demand to buy in London.
While the bets are still relatively small they represent the first sign that hedge funds have begun to move against the UK property market after several years of surging house prices, and the high-profile stock market listings of Foxtons and Zoopla."

Interesting - thanks Harry.

except that FOXT is not primarily aimed at the top end of the market
nevertheless, if the housing market comes under pressure once more - indeed, i think the whole uk stock market will - then assuredly FOXT cannot be immune

220p looks nailed on, then a small gap to fill @ 240p eventually imo.

Nice steady rise over the week Chris. Well done here. :-))

Thanks dc, you not in?

Well I say, spiffing jolly good show old bean . This one is to posh for me . I'm in MartinCo . Hope it does get to or pass your target of 240p. :-))

Toohdle pip.

What ho dc, fingers and toes all crossed old chap. Be a bloody good show if it hit 240p before a market crash what! Tally Ho old bean, good luck with MartinCo. :0)

Spiffing luck. Goodness me! :-)) and for Scotland - Aw th' best.