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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Foxtons - Fast-growing London estate agent set to enter FTSE-250

December 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FOXT
  • Price:
  • 300p
Shares in Foxtons, a leading estate and lettings agent with 42 offices in and around central London, have got off to a flyer following their introduction to the main market at 230p on 25 September. Some investors might balk at the high PE for a cyclical business but the shares are all set for FTSE-250 inclusion  (at the next quarterly review on 11 December), which will force the trackers to buy. The business is currently trading strongly, helped by a combination of Government schemes to un-lock mortgage lending, a surge in interest from overseas buyers and a pile of offices opened in the recent past moving into profit. Property search firm, Rightmove, 2540p, has noted a stupendous 10.2% month-on-month increase in London asking price ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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