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Foxtons

November 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:
  • 305p
The housing market has been storming ahead again with a report from Rightmove saying that central London asking prices rose by 10.2% in October and that listings had also risen (which is the lifeblood of any estate agency). This is only flaming the fires at Foxtons (FOXT; 305p), the agency business in London, which made its debut on the Full List in September. Foxtons was established in 1981 with the first branch opened by John Hunt in Notting Hill who sold out in May 2007 to venture capitalists BC Partners for £360m. BC lost the business to the banks in 2010 after breaching covenants but in 2012 bought back majority control and has now flipped it back onto the market at three times its investment. Compared to other quoted estate a ...

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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.

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