Foxton's Share Price dropping rapidly

Bubble_and_Squeak

hpifever wrote: »

The bulls have no response then???

the bulls are in a tricky situation.
i would imagine they would like to respond by pointing out that prices have increased by x amount in such and such period of time so some falls are therefore inevitable. however, in doing so they would have to admit that the market has peaked.

ukcarper

I think you would find very few people would be surprised if the market had peaked what I and most people are saying is you don't know that it did in April and your methodology is suspect to say the least and trying to time the market is a fools game.

Bubble_and_Squeak

ukcarper wrote: »

I think you would find very few people would be surprised if the market had peaked what I and most people are saying is you don't know that it did in April and your methodology is suspect to say the least and trying to time the market is a fools game.

i would agree that trying to time the market EXACTLY is a fools game.
but, would you agree that trying to buy a house when you are competing so many people that they can't all fit in the open day and have to queue up outside like victorian orphans waiting to get their spoon full of work house gruel is also a fools game?

ukcarper

Bubble_and_Squeak wrote: »

i would agree that trying to time the market EXACTLY is a fools game.
but, would you agree that trying to buy a house when you are competing so many people that they can't all fit in the open day and have to queue up outside like victorian orphans waiting to get their spoon full of work house gruel is also a fools game?

That's basically what I did in 1972 it has benefited me.

Bubble_and_Squeak

ukcarper wrote: »

That's basically what I did in 1972 it has benefited me.

fair dinkum
although the market would have been very different then
and the bomad of today would have been a mere glint in the eye of the person you were in a bidding war with

tincans6

tincans wrote: »

Hmmm,

I wonder why BC partners private equity sold most of their stake when floating Foxtons last year ?

I wonder why they also sold 1/2 their remaining stake 10 days ago and now own only 7%.


.

Nothing screams AVOID more to me when UK private equity sells their stake on the stock market. Considering how frequently PE sells businesses to another PE firm, do you really want to bet against firms that have sweated a business and loaded it with often rancid debt.

ukcarper

Bubble_and_Squeak wrote: »

fair dinkum
although the market would have been very different then
and the bomad of today would have been a mere glint in the eye of the person you were in a bidding war with

Perhaps not as different as you think the house I bought had increased by 50% in less than 6 months and went on to increase another 25% in the next 6 months. I had been gazumped several times and was borrowing to the max with a bit of effort I managed to borrow 3x joint income which was high at the time. Couldn't buy in South West London or surrounding area had to move out to Hampshire.

Bubble_and_Squeak

ukcarper wrote: »

Perhaps not as different as you think the house I bought had increased by 50% in less than 6 months and went on to increase another 25% in the next 6 months. I had been gazumped several times and was borrowing to the max with a bit of effort I managed to borrow 3x joint income which was high at the time. Couldn't buy in South West London or surrounding area had to move out to Hampshire.

this i would say would be the key difference.
massive amounts of debt has become the norm rather than the exception.

ukcarper

Bubble_and_Squeak wrote: »

this i would say would be the key difference.
massive amounts of debt has become the norm rather than the exception.

I can see that the higher salary multiplies now available would effect price but the world is a different place. The thing is prices can increase rapidly and when I bought the house was almost 4x my earnings which were above average and went to almost 5x which would have priced me out of market in fact I wouldn't have been able to buy a month later.

Thrugelmir

Bubble_and_Squeak wrote: »

the figures weren't actually that bad
seems like an over reaction, though markets tend to do that
bit like the housing market in april

Companies themselves give detailed briefings to analysts who follow the shares. Given their presence in the London area. I'm sure Foxtons board have clear picture of what's happening, i.e. lower volume of transactions.