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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Forth Ports | FPT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,627.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,627.00 |
| Top Posts |
|---|
Posted at 12/5/2011 16:50 by praipus ABC-Arbitrage buying a fewto see their other speculations see post 136 on the ADVFN "Tracking the Arbitrageurs" BB. |
Posted at 07/3/2011 09:18 by dontrader Well the much heralded "offer" has come in subject the due diligance. All the talk of £19 to £20.50 per share have greatly exagerated the indicative offer of £16.30 which rises to £16.50 with final dividend of 20p added in.They are not getting my holdings at this sort of level. Don |
Posted at 23/2/2011 11:21 by alanrussell According to the Independent talk is of an offer as much as £20.50 per share, however talk is just that. Historically a spike in FPT share price on takeover rumour has proved a very profitable time to sell. Sooner or later it is likely to be taken out but is this the time???????????????? |
Posted at 06/10/2010 13:44 by alan russell FWIW I've sold all my shares in FPT. I still consider it an excellent company and a good long term investment, however even the best company can be too expensive. Regarding FPT itself I feel the price is only supported by hopes of a bid - fundamentals just don't justify the price. Maybe a bid will come again but it may not or, more likely in my view, it could a year away. Regarding the broader market IMHO it is too high - too much bad news yet to come out. After the recent good run a fall back is on the cards. Put the two together and I prefer to sell hoping to buy back in at a lower price again.I could be completely wrong; make up your own mind. Good luck. |
Posted at 27/7/2010 15:26 by dontrader FPT has shown a steady rise since the abortive takeover bid. Kind of justifies the holders wanting to hold on now imho.Don |
Posted at 04/7/2010 13:51 by alanrussell From the Independent 2-7-10.................... Our view: Buy Share price: 1141p (-38p) after a tempestuous half-year, Britain's only listed ports company published a pre-close trading statement yesterday forecasting results well ahead of last year. Forth Ports which owns and runs seven facilities including Grangemouth, Rosyth and Tilbury is still smarting from the collapse of takeover talks with major shareholder Northstream, a consortium which includes Arcus European Infrastructure, Peel Holdings and RREEF. It upped its bid twice before walking away at £14 per share, valuing the group at £640m, in late May. Forth's management maintained that the offer undervalued the business and specifically the potential of a 400-acre plot the group owns on the Edinburgh foreshore. But the share price plunged by more than £1 nonetheless. The good news is that Northstream still owns more than a quarter of Forth's shares, so the door cannot be completely closed. In the meantime, progress is good. Although short sea containers at Tilbury are still behind last year's levels, and container volumes at Grangemouth are flat, forest products tonnage has "increased substantially" with animal feed also on the rise. The group has slashed costs and boosted efficiency as well. Perhaps most important of all, enquiries for additional dry and liquid bulks and offshore renewables have increased markedly. Better still, Forth's Nordic recycling business has seen a boost from improving commodity prices. Plans for the development of Leith Docks were approved last week, and plans for a biomass power station, in a joint venture with Scottish and Southern, have been submitted. Notwithstanding a forecast multiple of 21.1 times 2010 earnings, Forth looks well-placed with good earnings certainty, increased new business, a big surplus land bank and a fledgling but exciting renewables business. Acquisition or not, Forth Ports looks strong. Buy. .................... I would rate FPT a solid hold but necessarily a buy at present IMHO. The market generally is likely to take a lurch or two down over the coming months so a better price may well present itself. Equally it is hard to see any great upside in the immediate future. No need to hurry to buy. |
Posted at 28/5/2010 08:39 by alan russell Peel announces that it will not be making an offer. Good, it would have been too cheap. I have just bought back the shares I sold at the start of March @ £11.16.I expect a weak market over the summer (so much likely to happen that will spook the markets) so these may well go lower but on a 5 year view I regard FPT as very good value. |
Posted at 27/1/2010 14:13 by alanrussell Dover has asked government to allow it to be privatised to enable it to access capital for modernisation. Surely FPT wouldn't be tempted to have a dip! This is not the time to be brave - I feel any return to growth is going to be long and slow. Time for FPT to keep its head down. |
Posted at 14/8/2009 16:27 by dontrader Yup you are not alone.I've held fpt for a long time and made plenty money from them over the years. I'm not sure what has caused this. Possibly a rerating based on other property stocks today. Edinburgh is definately cushioned against UK property prices. Don |
Posted at 29/10/2008 11:18 by finess Thanks again,I am trying to re shape my portfolio and DGE, MGGT and FPT are part of my longer term plan. SBRY VLK and dont ask why CSR are some of my recent purchases. As they used to say "as safe as houses" OR WAS IT BANKS, however we will always have a use for ports and they are not making anymore. What do you make of the MACD |
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