First Property Share Discussion Threads

[topvest] 11/6/2012 19:59

Yes, pretty solid results and well placed to grow AUM given their great track record.

[judgement] 11/6/2012 07:57

2.73p eps not too shoddy either.

[darias] 11/6/2012 07:24

Can't complain at over 6% dividend yield and company still growing.

[jeff h] 28/5/2012 08:13

Interesting article, sounds positive for FPO:-

[darias] 17/4/2012 08:07

I dont think there is anything there to frighten the horses.

It is simply restating what we all should be aware of. There is a eurozone crisis which makes trading in Europe difficult.

Poland is not in the Euro and the Polish economy is doing well apart from capital markets. It seems to me that the two properties the company owns will retain their high yield in the Polish Zloty which will have to be converted to either Euros or Pounds.

[kramch] 21/2/2012 16:17

just added a note on the Sharesoc blog, yes, but why buy a bond at 5% secured on the company's assets when you can buy the shares at 6-7% y and a pe of 5?

K.

[kimboy2] 21/2/2012 15:48

Did they say anything about this retail bond ?

[kramch] 21/2/2012 15:17

As this attendance was organised by Sharesoc I have posted my comments on;



An interesting company,

K.

[oregano] 21/2/2012 10:22

Did anyone attend the Mello supper last night?

[kimboy2] 20/2/2012 14:16

Excellent presentation on the Sharesoc website.

[darias] 20/2/2012 12:50

Trading sideways since 2004 - only 3p above the price that they came to the market in 2001.

Are they about to get to new peaks - above 25p

[davidosh] 17/2/2012 13:53

This should interest some of you guys..



Ben and Jeremy will be there from FPO

Tom Burnet and John Alder the FD will present at 6.30pm on Monday at our regular Mello meeting at SeaSalt in Beckenham (just 18 minutes from Victoria) and First Property (FPO) will be presenting at 7.30pm. Just email me via this post if you want to join us or reply via the Mello website link here...

www.freesharedata.com/mello

[dorset64] 29/12/2011 13:57

Dividend chi through the post, everyone else got theirs?

[oregano] 09/12/2011 14:52

Darius is right though. it went ex well!

remarkable lack of interest given the valuation.

[jeff h] 09/12/2011 12:36

Colonel A - yes, I was just trying to refer to the "shareholders on the register at 9 December 2011" quote.

I often see companies mixing the dates up and having to release another rns clarifying the dates.

Here's a clearer statement from ISG that I hold:-

"the final dividend will be payable on 18 November 2011 to shareholders on the register on 21 October 2011. The ex-dividend date will be 19 October 2011."

So as you say if you held at the close on Tues 19th you'd be entitled to the div. So if you sold on Wed 20th you'd still get the div.

Hope we've cleared that one up for you Darias!

[colonel a] 09/12/2011 12:02

Jeff H,

That's true but the two statements are not linked.
Anybody who holds prior to the XD gets the divi {close of play Tues}.
This is not connected with the delay in updating the register.

Pedantic or what ?

[jeff h] 09/12/2011 11:56

Darias it went xd on Wed.

You'll find that nearly all companies go xd on a Wed.

The register takes a few days to update so if you sold on Wed you'd still get the dividend.

[darias] 09/12/2011 08:41

I know that only a few of us are interested in this company. Most on the boards preferring to look for a money tree and ignore the gold at their feet however,

"The Board has recommended an increased interim dividend of 0.33 pence per share (2010: 0.32 pence per share) which will be paid on 29 December 2011 to shareholders on the register at 9 December 2011"

Ex-dividend today and no drop in share price.

I just thought I would mention it.

[jeff h] 30/11/2011 16:35

Surprised that I could add a few more below 17p on opening.

Xd next week, so basically 0.33p a share cheaper to buy this am.

Listened to the Conference Call in conjunction with the results presentation.

Easy gains made from the Blue Tower but further plans afoot to increase its profitability.

Cautious about buying further properties - had agreed one deal but jibbed it after performing due diligence.

[oregano] 30/11/2011 15:34

it is interesting, in their investor presentation on slide 20 they annualise their half year numbers to work out valuation - PE of 5. which implies to me Arden have another 25% upgrade to come in the next six months. And they talk about further growth from group properties, so this number should be low balled.

[oregano] 30/11/2011 12:01

Dorset - you are easily pleased!

[dorset64] 30/11/2011 11:52

All we can do I guess in the absence of others, is to keep happy that we're collecting our dividends chqs each year.

[oregano] 30/11/2011 11:47

At last - some interest.

Arden have upgraded to 2.5p. not sure why they are expecting H2 to be below H1. presumably giving themselves some leeway. Still, only on 6.8x EPS. current mark to market asset value is 20p.

far too cheap.

[darias] 30/11/2011 11:40

And IC state that the rent is collected in Euros so a weak Zloty is good news for the company.

BTW I went to Bulgaria many years ago and Golden Sands was a holiday resort for the workers of the Eastern Block. A taxi driver there stated that the Zloty was "toilet paper". The bread basket of Europe, steel maker and ship builders are still be treated as peasants by the west after being treated as peasants by the east.