First Property Investors - FPO

First Property Investors - FPO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
First Property Group Plc FPO London Ordinary Share GB0004109889 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 32.50 08:00:13
Open Price Low Price High Price Close Price Previous Close
32.50 32.50 32.50 32.50 32.50
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Industry Sector

Top Investor Posts

stevegrass777: I disagree, I think they will easily find Co investors, simply because they have always managed to do this in the past, probably because they have an excellent track record. We will see in the new year I suppose. It will be interesting what projected returns will be from new investments, they always manage to gain better yields and better loan terms than I can manage personally in property investment. Good luck all and have a great Christmas and New Year
stevegrass777: Exactly catsick, these are very compatant property investors and are cashed up going into a distressed market. Very undervalued
m_kerr: i think one of the main reasons there's a lack of interest in the shares is because it's not a REIT. most income investors only look at REITs. because FPROP change their approach based on market conditions, this unpredictability puts a lot of people off. all their direct investments are in eastern europe which again most conservative UK income investors will not be interested in. all of this doesnt affect intrinsic value, but it does make you wonder if this lack of interest limits a revaluation to NAV. at least in the short term, i'd like the shares to fall as i've yet to make my purchase! i'll be reading tomorrows results with interest though.
m_kerr: there's a lot i like about this company. a few concerns i have include the very short lease length of less than two years, which is especially concerning given that most of their directly owned assets are in poland where there is a higher office vacancy rate than most EU countries. i'm aware it seems to be standard practice in poland to have short leases but as an investor i want leases secured for the next 5 years at least. from what i've read, landlords are having to offer incentives to get tenants to sign new leases. firms are also hesitant to commit to leases given covid uncertainty and work from home. i also wonder how willing third party investors will be to give them more fund mandates, or extensions given the uncertainty.
stevegrass777: The trouble is, I think open ended trusts aren't buying as many small company shares since the woody Woodford liquidity crunch that locked investors in as he couldn't liquidate the small company positions. FPO is very cheap right now, Simon Thompsons article might be in print on Friday, sometimes the Monday online stuff goes in the magazine.
skyship: Purchase of own shares into treasury First Property Group plc (AIM: FPO), the property fund manager and investor, announces that on 22 November 2019 it purchased into Treasury 500,000 of its Ordinary shares of 1 pence each at a price of 40.5 pence each on the market. This represents a 32% discount to the Group's adjusted net assets of 59.65 pence per share as at 30 September 2019. Following this purchase First Property has 110,366,636 Ordinary shares in issue.
hiraniha: Reaffirmation of a buy from Simon Thompson on yesterdays online article.Just wondering. Could the aimless direction of the share price be connected with the news that Habib is not only pro-Brexit, but is now a Brexit MEP.Just wondering if enough investors avoiding stocks based purely upon Director's political leanings is a factor here.
skyship: Indeed. Difficult to see how Habib could be more positive: "First Property Group plc (AIM: FPO), the award winning property fund manager and investor with operations in the UK and Central Europe, is pleased to report that its profit before tax for the year to 31 March is likely to significantly exceed market expectations of GBP6.8 million."
stevegrass777: Also with the way American investors sue they need to get thing right otherwise you can end up with a law suit to answer to. On another note, it's been more than a week now. Come on fpo get your finger out.
fanshaw: stevegrass Thank you for your reply and I think Ben Habib is good choice to have on your side as he is shrewd business man but for me that does alter the fact that the company does not appear's to run with investors in mind the dividend could be improved considerably the 4 directors take approx £2,400.00 in salary and bonuses and approx 50 staff over £10,000.00 I may be wrong with these figures and quite happy to be corrected.
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