First Property Share Discussion Threads

[nsf123] 02/3/2009 16:57

I also agree - Even in todays market this is one very under valued stock. Why are FPROP and their brokers not ensuring that more publicity is given to this stock within the market?

[miss womble] 02/3/2009 14:16

Dorset, I could not agree more. I do not understand why this exceptionally good company is below so many radars. Maybe you should draw attention to it on other property company's chat rooms--------but not before I get some more !!!!
Happy hunting MW

[dorset64] 02/3/2009 10:07

Come on guys, I can't be the only person that owns shares here, great value!!

[dorset64] 02/3/2009 07:48

Trading update out!!!

Should see a good rise here today and am still amazed by the total lack of activity/posting on here as this is one quality Co., paying divi's that is actually looking in good shape.

[technotv] 21/1/2009 08:31

First Property May Spend 200 Million Pounds on Deals, CEO Says

[dorset64] 19/11/2008 13:51

Still amazed that this one is not on more people's radar. They have cash and pay dividends, what more can you ask in todays climate.

[trasenster] 19/11/2008 11:05

solid results with a doubled interim divi.

[oregano] 19/9/2008 15:28

solid as a rock through a turbulent market. i don't think there are any sellers left here, and there are clearly buyers. the flip side of the banks deleveraging and exiting property is those who have the capital, like FPO, will benefit. we should have a trading statement within a month.

[martke] 15/9/2008 19:10

T1PS Fund said it has brought shares in FPO, so presumably they brought the £100K from the companies treasury directly.

[dorset64] 15/9/2008 10:54

Still surprised that more peeps aren't in this one. Even in the current climate, for a housing stock as such it seems pretty resilient.

[martke] 14/9/2008 00:00

From earlier results and webcasts I thought the company would have £10 million cash about now.
Seems odd to be selling shares from treasury at this price rather than buying more back in. Not like they need this £100K.
If the buyer had to buy in the market ( like me ) it might have moved the share price up.
SP 18p
10p cash.
est eps 4p = PE of 2

[wisingup] 22/8/2008 08:12

Wonder if FPO were involved in the USS deal :



TESCO COMPLETES £605 MILLION PROPERTY DEALS

Tesco today announced the conclusion of four sale & leaseback transactions involving £605
million of property assets in the latest phase
of its ongoing programme of releasing value from its UK property portfolio.

Four separate purchasers were involved and the deals were structured on both a 100% sale
and a joint venture basis. They included a
total of 13 Tesco stores, accounting for approximately 2.4% of the value of its UK stores
portfolio, and a distribution centre. The
properties involved have a total floor space in excess of 1.7 million sq. ft.

The four purchasers were the Universities Superannuation Scheme, PRUPIM, LaSalle
Investment Management, and Canada Life.

All properties have been leased back to Tesco on RPI linked leases. The lowest yield
achieved on the stores was 4.88%.

[wisingup] 28/6/2008 14:58

jonth - thanks, I will check out the website

[jonth] 28/6/2008 10:18

Dont have a link,but basically says 6 million cash in bank, debt free,200million left to invest in its university fund, banks in Poland still lending on property,rents rising.40million property under offer.
There is a link on FPO website to their brokers notes.

[wisingup] 27/6/2008 12:47

jonth ; Do you have a link or can you paste ? tia

[jonth] 27/6/2008 12:32

Buy note in i.c. today.

[jonth] 19/6/2008 12:07

Should get a good right up in i.c. over the weekend. They have tipped it already this year.

[mathisvale] 13/6/2008 10:43

I hate the word 'punt'. It implies a risky bet, using small change.

First property is solid and worth an investment

[wisingup] 12/6/2008 07:31

The full Independent article 12/06/08 :

First Property Group

Our view: Buy

Share price: 22.25p (+1.25p)

Investors with shares in main market property groups, such as Barratt Homes, have not enjoyed this week at all: a graph of stock prices looks ever more like a downhill ski slope – of the black run variety.

Why then would those investors entertain looking at a smaller property firm such as First Property Group (FPG)? For one thing, the company announced soaring full-year numbers yesterday, with pre-tax profits up to £4.66m, an almost fourfold increase on £950,000 the year before.

FPG is a property fund management firm with £290m under management via three funds, and another £200m to invest over the next two years from a fourth fund. The group, which until 2004 invested in UK property, operates largely in central and eastern Europe, with 88 per cent of its business in Poland, where property yields are still very strong.

The market reacted strongly to yesterday's announcement, with the stock up nearly 6 per cent, although the chief executive, Ben Habib, concedes that Alternative Investment Market listed groups like FPG benefit largely on newsflow.

However, that is not to say that investors have missed the boat; far from it. The company has recently bought back shares – Mr Habib himself bought £80,000 worth in January – and with about £12m in cash on the balance sheet, another buyback is a distinct possibility.

The company's analysts at Arden say the stock is very cheap, despite today's growth. They say that "the shares stand on a forecast March 2009 PE of 9.2 times, but stripping out cash and the £2.9m held in trading properties, the PE on the trading business is just [about] 5 times." The experts say the estimates are conservative as they do not include the £200m that is to be invested from the fourth fund, nor any future fundraising.

Some buyers will no doubt suffer an allergic reaction when presented with a property stock. However, FPG is solid and worth a punt.

ENDS


........ a few more of these recommendations wont do any harm at all ..... we'll see !!

[wisingup] 12/6/2008 06:58

ShareCast 12/06/08

Some buyers will no doubt suffer an allergic reaction when presented with a property stock. However, First Property Group is solid and worth a punt, says the Independent.

[mgstone] 11/6/2008 12:04

not been in this for around 3 years now since setting up this thread.. was taking a long break from shares until getting back into CYH but still following FPO. I think it may well be time to get back into this properly - fine results! Well done to those still patiently holding.

[leedskier] 11/6/2008 10:28

I am not in this, but have followed it for a while. Simply shocking that the share price has not reacted better to today's news. The market cap is only 4 x profits. What a crazy market the FTSE is.

[mathisvale] 11/6/2008 07:38

Results just announced and are VERY good. I thought that I was being otptimistic by predicting full year divi up to around 0.45p (from 0.175), but it is actually up to 0.8p - a 4.5 fold increase. That puts the share price on about a 4% yield. Not bad for a little co that is not even on most investor's radar screens - yet !!!

[wisingup] 11/6/2008 07:15

Would be great to see some solid & sustained improvement in the share price based on these figures - make a lot better reading than some of my other holdings results recently - and outlook looks good too !!!