Foxtons Group (FOXT)

Sector:

Real Estate

Index:

FTSE Small Cap

43.80p
   
  • Change Today:
      2.00p
  • 52 Week High: 95.00
  • 52 Week Low: 31.55
  • Currency: UK Pounds
  • Shares Issued: 330.10m
  • Volume: 765,430
  • Market Cap: £144.58m

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Foxtons expects 'material disruption' to trading from Covid-19

By Michele Maatouk

Date: Friday 20 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Foxtons said on Friday that the coronavirus outbreak will cause material disruption to trading.
The estate agent said business performance in the first 11 weeks of the financial year has been in line with the board's expectations and consistent with the update given at the full-year results in February 2020.

"However, the company notes the necessary defensive measures taken by the government affecting London and the UK along with the significantly weakened economic outlook.

"It is too early to predict what the impact of Covid-19 will be on Foxtons' full year results. However, we do anticipate an inevitable material disruption to trading in the coming months."

The company insisted it was in a strong position and continues to manage a strong balance sheet. It has fully drawn down its ?5m revolving credit facility and has a current available cash balance of ?21m.

"The board is currently evaluating a number of actions to preserve cash and will take all necessary steps to balance these measures with preserving the long term capacity of the business."

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Foxtons Group Market Data

Currency UK Pounds
Share Price 43.80p
Change Today 2.00p
% Change 4.78 %
52 Week High 95.00
52 Week Low 31.55
Volume 765,430
Shares Issued 330.10m
Market Cap £144.58m

Foxtons Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.12% above the market average8.12% above the market average8.12% above the market average8.12% above the market average8.12% above the market average
16.36% below the sector average16.36% below the sector average16.36% below the sector average16.36% below the sector average16.36% below the sector average
Price Trend
44.02% below the market average44.02% below the market average44.02% below the market average44.02% below the market average44.02% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income Not Available
Growth
76.51% below the market average76.51% below the market average76.51% below the market average76.51% below the market average76.51% below the market average
81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average

Foxtons Group Dividends

  Latest Previous
  Final Interim
Ex-Div 26-Apr-18 31-Aug-17
Paid 25-May-18 26-Sep-17
Amount 0.27p 0.43p

Trades for 26-May-2020

Time Volume / Share Price
15:51 100,000 @ 43.20p
16:35 2,146 @ 43.80p
16:29 950 @ 43.50p
16:25 228 @ 43.50p
16:23 458 @ 43.50p

Foxtons Group Key Personnel

Chair Ian Barlow
CEO Nic Budden
CFO Richard Harris

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