Monday 27 October 2014

Hunting for Foxtons

If you are interested in the fate of Foxtons, the London estate agent everybody loves to hate, then Martin Waller's commentary column in The Times today is definitely worth a read.

In today's business comment, the veteran writer notes speculation that Jon Hunt - the founder of the estate agency who sold the business at the top of the London property market in 2007 to private equity investor BC Partners - may be interested in buying the company back.

Some readers may not be aware that Foxtons last week issued a profit warning, which sent the company's shares plunging by 15pc. And the stock is now trading at around 160p, significantly below the price of its initial public offering last year.    

To be clear, I have no idea whether Waller's rumour about Foxtons is correct.

However, Waller writes one of the best stock tipping columns around called Tempus though rarely reports on takeover rumours and deals stories. So, that's why I take Waller's comment at the end of today's column about Foxtons seriously.

In case you are interested, here is a link to Waller's excellent column:

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