Foxtons has traded well ytd, with total revenue exceeding £100m and only c £3m short of the £106.9m reported for the whole of FY19. The company has not only benefited from the implementation of its strategy, but also from a recovering sales market and improving lettings market where rental rates recovered sharply during the quarter. It enters the final quarter with a sales pipeline of properties ‘under offer’, which is 20% higher than at the same point in 2019. We value the shares at 128p, sligh ....
01 Nov 2021
Foxtons Group - Progress evident in Q3/ytd revenue growth
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Foxtons Group - Progress evident in Q3/ytd revenue growth
Foxtons Group Plc (FOXT:LON) | 52.5 0.2 0.8% | Mkt Cap: 158.2m
- Published:
01 Nov 2021 -
Author:
Andy Murphy -
Pages:
5
Foxtons has traded well ytd, with total revenue exceeding £100m and only c £3m short of the £106.9m reported for the whole of FY19. The company has not only benefited from the implementation of its strategy, but also from a recovering sales market and improving lettings market where rental rates recovered sharply during the quarter. It enters the final quarter with a sales pipeline of properties ‘under offer’, which is 20% higher than at the same point in 2019. We value the shares at 128p, sligh ....