The Property Franchise Group has revealed that well-known industry figure Gareth Samples is to work with it on a couple of projects, in particular the future direction of the group’s hybrid offering, EweMove.
The project is being called ‘the golden fleece’. It has revealed no other details. The highly experienced Samples was managing director of Your Move for 20 years.
This year is a pivotal one for the group with CEO Ian Wilson standing down in December. His successor has yet to be announced.
TPFG now has a market capitalisation of over £61m, close to rival Belvoir’s market cap of £63.5m, whose shares finished Friday at 178p.
Belvoir enjoyed highly favourable press in yesterday’s Mail on Sunday, which tipped the group for an expected rise in profits and revenues when it reports its 2019 results next month.
The Midas column said that Belvoir’s “solid performance” does not fully reflect Belvoir’s value, and that its stock should increase materially, with brokers forecasting that shares will hit almost £2.40 by next year.
Midas also praises the business model for looking after frranchisees and their customers, and Belvoir’s CEO, Dorian Gonsalves as a “stickler for fair play”.
Foxtons’ shares have also been flourishing and hit a high on Friday, finishing the day at 93.5p.
It is the highest that they have been for over two years, since the summer of 2017, and gives Foxtons a market capitalisation of about £256m.
The latest rise comes as UBS has raised its stake in the firm from 7.04% to 8.13%.
Comments (11)
Here he goes again yawn yawn yawn. Check your facts HoW, Beverley actually have over 20 properties available for sale and over 30 SSTC and lets too. So if you can’t get simple numbers like that right what does that say about your other “facts”? Personalising your attack on EweMove by naming a branch is a new low. And your pathetic comment to say you were very careful not to name anyone doesn’t wash, it takes 2 seconds to use your information on Google and identify the husband and wife team. Poor show HoW. I agree with Donovanmohog, time to wind your neck in, you’ve made your point…Many, many, many times.
Big Villain Oh dear Read both my posts again
You have got it around your neck The complete opposite in fact
Beverley I referred to as a high flying prize ram success story one of the Bees .A husband and wife team who have done exceptionally well -the exception that proves the rule
Hats off to them
That was not the franchise I was referring too
HoW read your post again and see how it can read that you are referring to Beverley. You need to be more careful with your trolling.
…or just desist. Yawn.
“Samples will have his work cut out narrowing the gap between those withering on the vine and the high flying prize rams . All the Bees Basingstoke BEVERLEY Barnstaple and Bexleyheath.”
Which bit about that did you fail to understand?
What I do find curious is that any response from those connected with Ewemove seem more concerned in stifling any noise ,shoot the messenger and burying bad news rather than tackle Ewemove management on how they recruit and manage franchisees .
No concern seemingly whatsover about those who suffer or have suffered. Not even a token effort at a defence?Strange lot.
The unnamed franchisee ,believe me is not alone. Not one of you have made any comment on their perilous financial situation what should be done in that situation,Somebody at HO should have stepped in by now
Maybe the new appointment’s brief is hopefully going to address that.Let’s hope so
In seems that in some desperate measure to increase numbers they are now cramming new ones down the throat of existing ones .As if life isn’t difficult enough for existing franchisees ?
Just goes to show how little you really know. You’re embarrassing yourself. If those franchisees that have sadly left us (for many reasons) had felt let down wouldn’t one of them been on here saying so by now?
And having franchisees filling the gaps in geographical territories helps us, not hinders us existing franchisees. Creating closer networks that can support each other and growing the brand for starters. None of us want or need you to fight our corner thank you so do us all a favour and keep your opinions to yourself.
Sure there are franchisees who leave for reasons totally unconnected to the success or otherwise of their business but this doesn’t account for the 50+ +voting with their feet
Some with huge amounts of debts &already this year 7 and we are only in month 2
I suspect they have let Head Office know in no uncertain terms !
You are trying to justify the unjustifiable
You have an interesting sense of geography .
, How is leaving the whole of Wales ,the Midlands and the majority of Manchester unserviced filing the gaps by sqeezing in new franchisees hard by or actually in other franchisees territories
Ewemove Harrogate and Ripon are now trading as TLC Yorkshire Properties LTD They have certainly voted with their feet but Ewemove are still showing them up on their site as current Ewemove franchisees
Even the chatline doesn’t know. That’s what I call embarrassing
Fleecing more naive individuals?
Ian also said that he dreaded interviewing husbands and wives as prospective franchisees as the outcome rarely works out well
Beverley is a notable exception however there is a middle aged late career change husband and wife operation who have been trading 4 years
Latest account submitted in December show that annual creditors have increased progressively year on year from £95k pa to a staggering £123k pa
Not only that deficit increased from £61k to £100k
They have just the 3 sales instructions and 1 letting instruction The husband took on a full time job last March
How have Ewemove let them get into that position?
These very personal attacks are starting to become a monotonous humm, a droll tone.
Never in my professional career have I known such an obsession…. Unhealthy perhaps you might say. I may be able to understand a personal view (your opinion) on an organisation but pinpointing hard working individuals is not the way to do it.
Frankly it’s just getting boring now, wind your neck in!
Well nothing like berating a “personal attack with a”personal attack.
It seems that we are both achieving firsts.
Never in my professional career have I seen so many franchises disappear .
What are Belvoir doing right that Ewemove are doing wrong?
Call me old fashioned but boasting about performance whilst some of those on the coalface disappear with life changing debts I find unpalatable
What would your advice be to the franchisees I mentioned in the previous post(who I was careful not to name)
Keep bu****ing on or perhaps you don’t care!
The Golden Fleece
An apt description for those 50+ franchisees now gone ushered in with the hooks who reached for the rose but came out with a handful of thorns some with life changing debts
“BUILDING YOUR £1M BUSINESS
THIS IS A GET RICH SLOW MODEL
IN YEAR 2 A WHOPPING £100K INCOME
Ian said in EYE last August that disappearing franchises had reduced to single figures but that is simply not true 4 already gone this year and we are only in the 2nd month.
Samples will have his work cut out narrowing the gap between those withering on the vine and the high flying prize rams . All the Bees Basingstoke Beverley Barnstaple and Bexleyheath.
Ewemove despite great swathes of the country being sheep free zones awarding new franchises right on top of existing ones How can that help the existing franchisee ?
Recent one Todmorden right on top of Hebden Bridge