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Share Name Share Symbol Market Type Share ISIN Share Description
F&C Commercial Property Trust LSE:FCPT London Ordinary Share GG00B4ZPCJ00 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.40p -1.87% 125.80p 125.60p 126.20p 128.20p 125.60p 128.20p 2,385,408 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 64.8 93.4 11.6 10.8 1,005.54

F&C Commercial Property Share Discussion Threads

Showing 176 to 199 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
21/1/2019
14:11
I must agree that FCPT is not doing great at all at the moment. However, one needs to bear in mind the structure, this is just a list of buildings that the trust owns and they collect the rent. Significant changes in the portfolio/property list are pretty rare. Everything comes down to what the valuers tell them the buildings are worth. With tales of bloodbath on the high street and the big B word, these valuations may be at best "tentative" right now. For instance, looking back to the times just after the actual referendum result, they could not even get a proper NAV value. As already mentioned, the 0.5p per share per month has been paid like clockwork, the quality of the tenants is good so the 0.5p should be safe. I could be wrong, but this should be something that people buy into and never sell. They buy to hold for the divi. Unless we reset the clock to the mid-90s and somehow expect another twenty years of fever in the "brick and mortar" market; I would not expect the NAV to catch fire anytime soon. With my current time horizon, I should be into growth only, I got into this for the sake of diversification in style. With hindsight, I should have put the money elsewhere, but I do not see the point of selling now. The steady erosion of the share price could also be linked to the idea of reorganising the trust, bringing it back from Jersey. I have not checked the latest reports, but last year or so there were some rumblings about tax regime changes and how to adapt to that. The Exchequer always needs more money and hitting property/landlords has been their style since George Osborne. Offshore trusts like this one might be in the cross-hair too.
vacendak
21/1/2019
11:05
This is the most ineptly run fund I ever bought.
andyj
11/12/2018
10:10
So, a 4.6% yield and an 8.3% NAV discount. Does that represent VALUE? I think not. Have to agree with andyj on this one. Why would you hold when you can do so much better? ========================================== Net Asset Value The unaudited net asset value (‘NAV’) per share of the Group as at 30 September 2018 was 141.8 pence. This represents a decrease of 1.0 per cent from the unaudited NAV per share as at 30 June 2018 of 143.2 pence and a NAV total return for the quarter of 0.1 per cent. ==========================================
skyship
11/12/2018
09:29
Divvies have been steady over that three years; I don't care about valuation fluctuations as long as the income keeps rolling in. If it's capital growth you're after this probably isn't the share for you.
markth
10/12/2018
15:17
Yet another fund that is only successful at charging you for the slow evaporation of your money. Now lower than three years ago.
andyj
27/4/2018
07:44
Net Asset Value - HTTPS://uk.advfn.com/stock-market/london/f-c-commercial-property-FCPT/share-news/F-C-Com-Pty-Tst-Ltd-Net-Asset-Values/77280081 The unaudited net asset value ('NAV') per share of the Group as at 31 March 2018 was 142.9 pence. This represents an increase of 1.2 per cent from the audited NAV per share as at 31 December 2017 of 141.2 pence and a NAV total return for the quarter of 2.3 per cent...
speedsgh
24/10/2017
11:06
NAV update: https://uk.advfn.com/stock-market/london/f-c-commercial-property-FCPT/share-news/F-C-Com-Pty-Tst-Ltd-Net-Asset-Value/75924419 Up 0.4% from June and 1.5% total return for the quarter. Lukewarm results but the premium was still at 6.5% at September 30th share price of 149.1p. Considering the recent price drop, it is now merely 0.9% if rounded generously. Still no new acquisitions, the Pulteney Street sale now dates back to December last year. Not saying that they should buy something at any cost, but we are still one horse down in the stables.
vacendak
30/8/2017
14:36
The HY report for 2017 is out: Http://www.fandc.com/documents/fcpt-interim-report-2017/ NAV 139.4p at June 30th, so a premium of 4.2% on that date. Last year's premium was 0.7% on June 30th 2016. So it is back to normal. Still no new acquisition since the sale of Pulteney Street in December 2016. Minor worry: "The void rate over the period has increased to 8.8 percent as a result of HSBC vacating Edinburgh Park." With no acquisition/sale, the report is mostly about collecting rent money. The borrowing facility with Barclays is still undrawn. There is no debt worry and the dividend is safe, although the cover is down to 80.6% from 87.0% before. This is due partly to the sale of Pulteney Street and the corresponding disappearance of rent there. Management fees reorganisation also seem to have brought down the cover a bit.
vacendak
21/7/2017
07:38
"Waiting for the next correction in commercial property and will likely pile-in again as a contrarian when the sector tanks." Agreed, a shake-out would press the reset button and again provide opportunities. I started the original CP+ thread back in Dec'08 under an appropriate title at that time. I see on the BLND thread that TEMPUS recommends a SELL; in the face of the well-received £300m buyback scheme announced this week!
skyship
20/7/2017
09:40
@SkyShip You made me have a second look at FCPT, re: the premium and the yield, and stopped adding monthly to this one. Everything looks expensive these days, ITs are meant to trade at discounts. For the income component, I am now piling-up more on FHI, nothing fancy, this is about big caps (BAT, HSBC, Glaxo, etc.), income at a reasonable discount (for the units anyway, FHIU). FHI have also streamlined (no more bonds investment portfolio), so performance could improve soon with lower charges/expenses. The income sector and big caps are boring, but a pf needs some ballast to smooth the ride. FCPT can feed itself from its dividend in my portfolio now. Waiting for the next correction in commercial property and will likely pile-in again as a contrarian when the sector tanks.
vacendak
20/7/2017
09:06
vacendak - like yr 167 above. All a bit boring at the moment. Substantially reduced my activity since end May & most values stalled. Still H1'17 was better than anticipated, so a period of reflection not a bad idea. On the PE front bought back into NBPE, as posted on the PE thread.
skyship
20/7/2017
07:53
NAV update as of June 30th, up by 1.5% from March. https://uk.advfn.com/stock-market/london/f-c-commercial-property-FCPT/share-news/F-C-Com-Pty-Tst-Ltd-Net-Asset-Values/75271958 Premium down to "only" 4.23% on the NAV release date.
vacendak
09/7/2017
18:08
Darren - hate to disagree with a fellow property investor, however to my mind FCPT is a 100% SELL. # A 5.2% NAV PREMIUM! # A yield of just 4.1% # 12.7% of portfolio in Scotland - mostly in damaged Aberdeen # 33.7% of portfolio in London's West End - better than the City, but London values softening The stats and the chart (see link below) suggest very little upside; whilst clear downside. If you are set on having some property exposure (which I agree with) then strategically look for players with portfolios outside the over-valued London. The regions are still cheap - but avoid Scotland. Two to consider might be: # Palace Capital (PCA) @ 370p - 14% NAV discount; 5% Yield; great track record - see Investor Presentation http://palacecapitalplc.com/assets/files/InvestorsPresentation/FY17YearEndResults-June2017.pdf # Ediston (EPIC) @ 111p - One of the new high-yielding investment REITs - 1% NAV premium; 4.95% Yield; investment managers acknowledged as one of the very best in the field https://uk.advfn.com/p.php?pid=chartscreenshot&u=V6SxFuS9tuMKZxWoX7skPVzJCgB%2FUVxa&kslash=s
skyship
09/7/2017
08:33
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dobfgeater
08/7/2017
20:46
Basically, if you are retired or about to retire and in search of income, the 0.5p per share per month (few trusts pay monthly divis) should be a no brainer. It is now covered 87% by rent income, an increase of 7% according to the latest video update recently posted on the F&C/FCPT website. Like many I do not like buying at premium, but I have made an exception for this one because I wanted a bit of property exposure. The Brexit bit is now factored in, it was a big shakedown just after the vote for sure. The AR prior to the referendum already mentioned that the trust was entering an income phase and that the wild share price growth based on property value was coming to an end. As the share price graphs now show, FCPT has recovered from the vote, but is not flying as high as it used to. I came in with a lump sum at around 145p before the referendum, then carried on drip-feeding monthly all the way down.. and all the way back-up. Pound averaging has worked wonders, so I am relatively happy. Still, I would have been better off putting that money in a generic global fund like FRCL or WTAN, even with the dividend included. Long term, if you want growth, go for Private Equity like everybody. :) FCPT is good quality, so a tad expensive (premium) but reliable for income. I would also expect it to weather the next market crash better than the rest. FCPT is pure property, there is no builders, land holding or other trust/funds in it. You can get the list of the buildings owned by the trust, and their address, in the AR and HY reports.
vacendak
08/7/2017
04:33
Tempted to get into this but not sure about premium. Any views on this longer term and effects of brexit?
darrenp746
24/4/2017
13:59
NAV up, now trading at a 5% premium. https://uk.advfn.com/stock-market/london/f-c-commercial-property-FCPT/share-news/F-C-Commercial-Property-Trust-Ltd-Net-Asset-Valu/74397165
vacendak
07/4/2017
09:53
The above mentioned AR is out in its full PDF glory. Http://www.fandc.com/documents/fandc-cpt-2016/ The dividend cover goes up a bit, still not enough, but improving. All the indicators are green, even if not very strong, but things are definitely back to normal after the difficulties of valuing the properties in the wake of Brexit. FCPT is easily beaten by a bland FTSE tracker over the year though.
vacendak
03/4/2017
13:07
Results for the Year Ended 31 December 2016 - HTTP://www.investegate.co.uk/f--38-c-com-pty-tst-ltd--fcpt-/prn/results-for-the-year-ended-31-december-2016--au---/20170403135043P3C3E/
speedsgh
17/3/2017
20:31
Nice jump by 4.7p today to heights not seen since months before Brexit.
vacendak
08/2/2017
21:08
NAV update today (gone up): http://uk.advfn.com/stock-market/london/f-c-commercial-property-FCPT/share-news/F-C-Com-Pty-Tst-Ltd-Net-Asset-Values/73799991 FCPT is now officially trading at a slight premium, like in the days of old.
vacendak
03/2/2017
12:15
Just checked the website: The Q3 2016 factsheet is now available. Http://www.fandc.com/documents/commercial-property-trust-factsheet/ No actual comment, just numbers and they do not look that great, nothing alarming though. Well, at least the dividend keeps coming regularly.
vacendak
13/1/2017
19:45
I wonder where the author got the NAV estimate that supposedly put FCPT at a premium again: Https://uk.finance.yahoo.com/news/questor-buy-property-company-4-063000389.html We are due a factsheet/NAV update soon I assume. The last time was end of September and it was 132p. The share price is hovering about 136p at the moment.
vacendak
13/1/2017
18:13
Looks like after Questor's write up matey managed to off load over quarter of a million at 136p! Maybe I'm just a cynic!!!
eggbaconandbubble
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