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Debate House Prices
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Foxtons Estate agent going under
Comments
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of course it's a bad deal for the shareholder not so sure about the creditors as they're not in administration yet - but it doesn't mean that they are going under.Sir_Humphrey wrote: »It is true that Brit is exaggerating a lot, but do not pretend that a debt for equity swap is some sort of fantastic financial deal for either the creditors or Foxtons. It is called making the best of a bad deal.
i'm sure the private equity firm will do well out of it and it won't mean that Foxtons will disappear off the high street. they'll still be there.0 -
Founder Jon Hunt sold the business at the top of the property market for £360 million in May 2007 to private equity firm BC Partners. As the property market crashed, the deal became a watchword in appallingly-timed deals.
Not as far as Jon Hunt is concerned !!!!!"There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "0 -
Spartacus_Mills wrote: »Not as far as Jon Hunt is concerned !!!!!
Back then property speculators phrase was "Prices only go up" lol:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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I might like them better if they drove REAL minis and not those BMW's !!0
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