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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| First Property Group Plc | FPO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 19.00 | 07:42:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 19.00 | 19.00 | 19.00 | 19.00 | 19.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
Posted at 07/6/2023 08:07 by stevegrass777 RNS loans platform, it's hard to comment much on this until it starts to bring results in.Obviously it sounds like FPO are bringing other investors in as well as ourselves so a shared risk approach sounds a good way to start,and they seem to have a conservative lending criteria. |
Posted at 30/3/2023 19:57 by baner M KERR,HABIB´S REMUNERATION IS AN ABSOLUT SCANDAL - I AM SURE GILLENHAMMER WILL HOLD THE RELEVANT PERSONS RESPONSIBLE FOR THIS - AND MOST LIKELY THROW HABIB OUT OF THE OFFICE, AS ANY RESPONSIBLE INVESTOR WOULD. FIRST PROPERTY HAS A HOPELESS RAG-BAG STRUCTURE AND IT IS VIRTUALLY IMPOSSIBLE TO UNDERSTAND WHAT VALUES THERE ARE IN THE COMPANY. ADD TO THAT HABIB´S REMUNERATION PACKAGE. AS A RESULT IT IS MOST LIKELY THE SHARES TRADE AT A STEEP DISCOUNT TO THE UNDERLYING NAV AS NO INSTITUTION WILL TOUCH THIS COMPANY WITH A POLE. THIS NO DOUBT HELP GILLENHAMMER TO BUILD HIS STAKE UP ON THE CHEAP - AND THEN EVENTUALLY TAKE CONTROL ACCORDINGLY. OUT GOES HABIB AND THERE MAY WELL BE 50-60P TO DISTRIBUTE TO SHAREHOLDERS OVER TIME. EXCELLENT RISK/REWARD AS LONG AS GILLENHAMMER TAKE ACTION. |
Posted at 27/9/2021 20:06 by m_kerr peter gyllenhammar now has about 7% of the company. according to his website 'Most often PGAB aims to establish a position as the largest shareholder in the companies in which we invest, our investment profile is typically that of a “proactive investor”. |
Posted at 06/8/2021 14:34 by blobby Yes, it's nice to have some news. Things have been very quite and slow here for investors for some time. |
Posted at 25/6/2021 10:57 by m_kerr Agree totally catsick, as I explained extensively. You're going to get panic and swings in value when you have a high number of retail investors with an illiquid small company. |
Posted at 25/6/2021 08:18 by roycecooledge Good review from Simon Thompson last night in Investors' Chronicle https://www.investor |
Posted at 30/4/2021 19:33 by m_kerr i've done a bit of legwork, and assuming 60% LTV on the investments in 3rd party funds, the overall discount the current share price assumes is 24% on the gross assets, which compares to 4% for global worth, who are office investors in poland and romania. the fly in the ointment is that until that cash is invested, at the moment they are effectively just covering their operating costs and debt amortisation, though paying back debt does increase NAV. |
Posted at 29/4/2021 20:16 by m_kerr very strange - the rally of the last few months has completely passed FPO by, in fact it's at best flat on november levels. other companies with european office exposure include SERE (up 25% since november), sirius real estate (up 30%), global worth (up 25%). i think this is partly because there isn't a fairly regular stream of trading updates (the last RNS was the results in november). trading volume today of 0.06% of shares outstanding too. i said it before but the fact it's not a reit means many UK income investors are totally unaware of it. none of the above affect the underlying value of the company. |
Posted at 25/11/2020 17:52 by m_kerr i think one of the main reasons there's a lack of interest in the shares is because it's not a REIT. most income investors only look at REITs. because FPROP change their approach based on market conditions, this unpredictability puts a lot of people off. all their direct investments are in eastern europe which again most conservative UK income investors will not be interested in. all of this doesnt affect intrinsic value, but it does make you wonder if this lack of interest limits a revaluation to NAV. at least in the short term, i'd like the shares to fall as i've yet to make my purchase! i'll be reading tomorrows results with interest though. |
Posted at 19/11/2020 18:13 by m_kerr there's a lot i like about this company. a few concerns i have include the very short lease length of less than two years, which is especially concerning given that most of their directly owned assets are in poland where there is a higher office vacancy rate than most EU countries. i'm aware it seems to be standard practice in poland to have short leases but as an investor i want leases secured for the next 5 years at least. from what i've read, landlords are having to offer incentives to get tenants to sign new leases. firms are also hesitant to commit to leases given covid uncertainty and work from home. i also wonder how willing third party investors will be to give them more fund mandates, or extensions given the uncertainty. |
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