First Property Share Discussion Threads

[topvest] 05/6/2013 13:57

Yes, I misread it a little. I thought the solution may have been a roll-over, but it looks like this will end in 2015 from the article above. Looks like earnings are secure for the next two years, but clearly they need some more product in 2013 or 2014. The investment management business is valued at 3p and the assets at 16p is another way of looking at it.

[snickerdog] 05/6/2013 09:19

Good to see some coverage:

[britishb] 05/6/2013 08:47

In what way could it be positive tv? Perhaps an upfront payment of fees which they would have got anyway. I think it sounds rather negative as doesn't seem like USS want to renew the contract. That would leave profits much, much lower from 2015, divi prob lower and company valued (at 20p) at around NAV. Can't see upside here unless USS renews, or big new mandates. Shame, as very professional outfit IMO.

[topvest] 05/6/2013 08:23

Looks like they are targeting a solution for their largest AUM contract before the 2015 end date, which could be positive.

[topvest] 05/6/2013 08:22

Results out. Nothing particularly new other than FOP has raised a small amount of additional equity post year-end, which should facilitate growth in their owned real estate in Poland.

[topvest] 04/6/2013 20:56

Results tomorrow or Thu I think.

[ceohunter] 04/6/2013 16:43

video interview
Northcote Energy says Big Hill #1 will be a 'big contributor' to cash flow

Randy Connally, CEO of Northcote Energy (LON:NCT), tells Proactiveinvestors there should be a six-month payout on the Big Hill #1 well in Oklahoma's exciting Mississippi Lime formation. He says it is likely to be a 'solid contributor' to cash flow.

http://www.proactiveinvestors.co.uk/companies/stocktube/2026/northcote-energy-says-big-hill-1-will-be-a-big-contributor-to-cash-flow--2026.html

[oregano] 13/2/2013 09:58

I received a Q1 update from the company. quite active, by their standards. It doesn't cut and past well, but i think you get the jist.

xxxPoland:
x xxxUnited Kingdom:
• Industrial facility, 19 year lease – yield 8.5%.
x
• Mixed portfolio of offices, retail and industrial – yield 10%.
x
• Retail warehouse, Warsaw – yield 7.4%. • Discount retailer, 15 year lease, Midlands – yield 9.25%.
x
• Major discount supermarket (sale & leaseback), new 20 year lease with fixed uplifts, Wales – yield 7.5%.
x
• Discount retailer & fast food operator, new 15 year leases with fixed uplifts, Merseyside – yield 7.25%.

[yupawiese2010] 04/2/2013 18:09

Whilst last years results were impacted by the strength of sterling in relationship to the euro, the pendulum has now swung in our favour with sterling falling from an exchange rate of 1.28 ish into the 1.15 range.

[oregano] 21/1/2013 14:27

too soon by the look of things!

any ideas what is occuring? lots of small trades. maybe one of the following tipsheets highlighting this is trading on a multiple of next to nothing yet the fund management sector is on 15x and one of the best performing sectors in the market??

[darias] 10/1/2013 12:46

Sold a few today.

[oregano] 07/1/2013 09:22

the results presentation was pretty clear we'll see fund raisings before the year end in March.

[topvest] 04/1/2013 19:39

Yes, certainly getting tipped a fair bit at the moment. Need a new fund launch for this to really fly, but encouraging!

[dhmace] 04/1/2013 16:16

IC 'AIM stock of the year'!

[blobby] 04/1/2013 16:10

Large numbers of trades today, any news?

[argy2] 05/12/2012 08:29

Well done TW...consistant as ever!

[topvest] 05/12/2012 08:27

Steady as she goes, in the circumstances. Need a new mandate to help sentiment, but looks like the Fprop and a new UK fund could expand in H2.

[argy2] 28/11/2012 16:06

Now there's a sell signal if ever I saw one!

[britishb] 26/11/2012 14:14

I don't disagree Topvest. FPO shares have made me a lot of money over the years. I think a totally prof and honest outfit. I just highlight expiry of their biggest contract as an important thing to consider.... From memory they said they'd think about talks on renewal/wind down of that contract in 2013, so things may be clearer next year.

[topvest] 26/11/2012 13:30

Lots of time until 2015 though. Will they get above 20p?