dreamcatcher
- 20 Sep 2013 21:24
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/

goldfinger
- 22 Sep 2013 19:22
- 9 of 272
dreamcatcher- 21 Sep 2013 12:57 - 6 of 8
If I have read things correct it looks like Joe soap cannot buy till the 25th ? Good to see views.........................
You could get them on a spread bet with IG index 0n thursday. Thats why I knew they were trading at a massive opening premium to the float SP. Mid 277.4p at moment.......... DEC contract.
dreamcatcher
- 22 Sep 2013 19:33
- 10 of 272
Thanks goldfinger, one to avoid for myself at the moment.
cynic
- 21 Oct 2013 13:56
- 11 of 272
21/9 - i lied! .... i have just bought them despite concerns as to their ethics ..... what price principles as is often said?
no numbers due until 20/3/14, but with property prices and volumes at last on the increase, i'ld be disappointed if sp was not well north of the current 295/300 by then
halifax
- 21 Oct 2013 14:04
- 12 of 272
cynic interim management statement 6th November 2013
cynic
- 21 Oct 2013 14:06
- 13 of 272
thanks hali ..... missed that bit, but i guess the forecast will be bullish
halifax
- 21 Oct 2013 14:21
- 14 of 272
yes looking good.
dreamcatcher
- 21 Oct 2013 14:39
- 15 of 272
Good for you cynic, you do not have to like a company for it to make you money. Well done.
cynic
- 21 Oct 2013 14:41
- 16 of 272
quite so LOL!!!
dreamcatcher
- 21 Oct 2013 14:42
- 17 of 272
True. That's the name of the game. :-))
cynic
- 21 Oct 2013 16:54
- 18 of 272
strong close :-)
the morrow will see if it's an anomaly
dreamcatcher
- 21 Oct 2013 17:25
- 19 of 272
2013 has been a very good year for IPO's.
London house prices leap 10% in just a month, I'm sure this will help the commissions of the estate agents.
cynic
- 21 Oct 2013 17:29
- 20 of 272
read it again!
london prices were up 10% over the last YEAR!
dreamcatcher
- 21 Oct 2013 17:31
- 21 of 272
I have, 10% in a month. yes
From sky news - London house prices are said to have soared to a new high this month, beating their previous record by nearly £30,000 and fuelling fears that the capital is overheating.
Property website Rightmove said asking prices in the capital saw an "unsustainable" 10% month-on-month increase in October, pushing typical asking prices to £544,232, leapfrogging a previous high set in July by more than £28,000.
cynic
- 21 Oct 2013 17:36
- 22 of 272
in that case i'll have to look again, but it is totally impossible for prices to jump 10% in a single month - think about it; that would be 0.3% every single day of the month
dreamcatcher
- 21 Oct 2013 17:37
- 23 of 272
Overheating ?
cynic
- 21 Oct 2013 17:40
- 24 of 272
go to Nationwide House Price Index ...... liked wot i sed - london prices up 10% in a YEAR!
dreamcatcher
- 21 Oct 2013 17:40
- 25 of 272
Right move - It put much of the increase down to a "frenzy" of activity in parts of prime inner London as overseas investors look for a safe haven to place their cash amid the troubles of the eurozone, which is "leaving the shelves bare".
Westminster was named as London's strongest-performing house price area in October. Prices there have soared by 11.9% month-on-month to reach £1.6m typically.
Clearly states over a month below from Sky =
Kensington, Chelsea, Hammersmith and Fulham also recorded increases of 11.8% in sellers' asking prices over the month.
dreamcatcher
- 21 Oct 2013 17:41
- 26 of 272
Will they get their asking prices ?
cynic
- 21 Oct 2013 17:41
- 27 of 272
i'll say no more, but you are absolutely mis-reading!!!
dreamcatcher
- 21 Oct 2013 17:50
- 28 of 272
'go to Nationwide House Price Index' ...... I see 10% in Q3, the sky headline is not clear.