||EPS - Basic
||Market Cap (m)
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Fletcher King Share Discussion Threads
Showing 626 to 650 of 650 messages
|Many thanks NC.|
|Blue. Nothing specific to report really and your understanding is correct. They are a little cautious given Brexit but it's business as usual. Dividend policy is unchanged. Ongoing frustration that they do not make better use of their cash or listing. Looking to move HQ over next 18 months which they anticipate will achieve a decent cost saving as they need less space than they currently occupy. All in all expect more of the same and hopefully ongoing SHIPS growth.I all honesty they are too small to be listed and it would be nice to see some action here.|
|Hi Norbert, anything you can report from the AGM a couple of weeks ago? Any comments on dividend for example?
My impression is that they see some uncertainty ahead but feel they are generally well placed to ride out any waves.|
|Knight Frank: demand for London office space "well above" long-term average of 7.9m sq. ft in Q3. Active searches" exceeded 9.5m sq ft.|
|Savills say overseas buyers acquired £2.19 bn of commercial property in central London in Q3: 78% of the total transaction volume of £2.8bn|
|I'll try to make it from Leicestershire
|AGM will be on 28th September at their normal HQ location and the normal early time of 9am (unhelpful to shareholders who live outside of London area).Hope to see (even) more shareholders attend this year.|
|Looking perky recently; hope it continues. Goes xd in 10 days for 1p.|
|Encouraging news of Wells Fargo buying office block in City of Londonhttp://www.bbc.co.uk/news/business-36826974|
|I was encouraged by "the year well and have completed the sale of over £50m of office and industrial investments" in the outlook statement. David Fletcher has not come across to me as someone who guilds the lily and hence the very presence of anything positive looking forward into 2016-17 is good to hear. Clearly uncertainty is not in the businesses favour but property assets will still need to be managed and transactions will pick up once there is more clarity re: Brexit.They remain a long term hold for me.|
|Solid set of results largely as expected.I suspect FY 2016-17 will be challenging to say the least.Market sentiment towards commercial property significantly weakened since board made further substantial investments into its SHIPS vehicles.Diminution in value of these investments seems more likely than any further gains.Must be considered high risk given all of the uncertainties.|
|Very quiet here, but excellent results today:
Basic and diluted earnings per share of 11.51p (2015: 3.90p)
The underlying business continued to perform well with all departments performing much in line with last year. Valuation instructions increased significantly, reflecting increased bank lending to the commercial property sector. The Valuation Office has again slowed down settlement of Rating Appeals which affected turnover, but we still settled some significant assessments.|
|Well done longinthetooth
Hit the nail right on the head.|
|The main problem here is that the board are not at all interested in building long term value.In good years they will reward themselves handsomely and pay a decent dividend no doubt but in more challenging times it will be the dividend that gets cut not their basic remuneration packages.I have followed this stock as closely as anyone over the past 15 years and the board have had ample opportunity to build a much stronger balance sheet than presently exists but time and time again taken out the lions share of the pot.DF could have significantly increased his stake in the business at prices well below 30p on many occasions but has declined to do so.Share purchases by DF in the past 15 years-zero.Share buy backs,although I am not a great fan, in the past 15 years-none that I am aware of.This one should have been taken private many years ago.|
|you are of course correct
perhaps i should bank a profit and move on|
|We all know that the staff will grab a high proportion of the value created. But consider this:
After their grab:
Operating profit from normal business in six months: £582,000
Profit on sales of SHIPS 14: £590,000
NCAV: £3.8m (with cash of £4m)
|My view is that as an investor, if you are not happy about something then speak to the Board and if you are still not happy move on as there are plenty of other opportunities. I was very unhappy about Board pay at Norcros (NXR) and hence sold - problem solved; similarly I have avoided WYG (even though I like the niche offering) as I just don't like the Boards apparent underlying greediness.
FLK has been a very good investment for me to-date and I plan to remain a Shareholder until such time as the story changes.
Seasons Greetings to all.|
thanks for your comments and I noted the response from the board at the time
I don't think this has been handled well at all they should never have increased the dividend to only cut it again the following year
as for the latest results it would have been better to pay a 7.5p special last year and a maintained 1.5p interim.
the only message I can read into this is that they view the longer term profitability of the business to be able to sustain the lower dividend but not the higher one.|
|Interesting to see the effect of a few negative posts plus some minor selling in such an illiquid share. Five sales of about 10,000 shares since results and the price falls by nearly 25% in 36 hours! This is not a share for daytrading. At the current sell price of 46p the company is valued pretty much at cash: £4.24m against £4.07m.
Since the £4.07m is left after whatever has been paid in employee bonuses, I can't get too worked up about the latter. It's about the same as we shareholders got in the special dividend, without doing any of the work.|
|Blimey are they still at it
Go back to post 339 in 2007. The share price was near £1 then.|
|Wonderful set of results only marred by the directors approach to their own remuneration packages.Special Dividend and its timing clearly a device to pacify unruly shareholders!All shareholders need to accept this is a private fiefdom hiding behind a quasi listing which is tantamount to a matched bargains market.As any sophisticated investor will appreciate the Capitals property market whether commercial or residential is NOT a one way ticket and is in all probability in the advanced stages of a bubble.The Provinces will not be able to fully compensate for any tangible downturn in the South East.|
|Employee benefit rose nearly 800k from last year. That is effectively directors taking huge bonuses. Shocking that the scumbags have taken more out in bonuses than the company made from the recent disposal. I wonder whether their policy would work in reverse if they made losses.|
The divi was 0.75p in the HY for 2012 and 2013 and then in 2014 they hiked it to 1.5p. At the last AGM the topic of dividends was discussed i.e. hiking it and then cutting it and the point was made that investors would prefer a smooth / progressive dividend policy rather than up and down like the proverbial yo-yo (special divis excluded of course).
The 1.0p for 2015 is the BoD continuing to be conservative with their cash management although I agree that they could easily have left it the same at 2014 given the strong balance sheet.
I suggest you raise this to the Board for their comment.|
|why the dividend cut?|
|Interims out.Look excellent to me.|