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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Foxtons Group - Leveraged to London housing recovery

May 2021

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:
  • 65p
With 46% of the UK population having received at least their first dose of a Covid-19 vaccination, I thought it worthwhile running the rule over Foxtons, which operates over 50 estate and lettings agency branches in the Capital. Foxtons was founded as a single branch in Notting Hill by Jon Hunt in 1981 who famously sold up at the top of the market in 2007 to private equity firm BC Partners for £375m. After a debt restructuring it later floated at 230p in September 2013 before hitting highs of 400p as pretax profit, EBITDA and eps peaked at £38.9m, £49.6m and 13.3p, respectively, in FY’13. However, that was as good it got for Foxtons. A combination of swingeing stamp duty increases, higher landlord taxes ...

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Related Articles

Foxtons (December 2014)
Foxtons - Looking cheap on 2015 prospective PE of 11.6 (October 2014)
Foxtons - Shares closing in on £4 (April 2014)
Foxtons - Fast-growing London estate agent set to enter FTSE-250 (December 2013)

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.

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