First Property Share Discussion Threads

[darias] 10/3/2014 07:42

So you take a broker's view , albeit house broker. The broker does not even say it will not be renewed!. Until FPO announce that negotiations on renewal of the mandate have eneded in falure seemsto me that the situation is still n flux.

I do not believe that an annoncement of such importance can be made via a house broker but should be made to the stock exchange itself.

Thou asks well drunken man,
Who's a fool now.

[marben100] 09/3/2014 21:00

Darias,

You are a fool if you're too lazy to follow Brian's suggestion. He is a highly skilled & experienced investor, who I having the pleasure of knowing. As it appears that you do have to be spoon-fed, here is an example of First Property confirming the closure of USS: [...]

"First Property's house broker Arden Partners said the results were in line with its expectations of profit before tax of £3.50mln.

"Shareholder equity increased from £17.1mln to £18.1mln but with group property included at market value this rises to £25.6mln, giving tangible NAV/share of 23.3p," Arden noted. Shares in First Property were trading at 19p in the middle of the morning session.

"First Property has confirmed that the USS mandate will expire in August 2015 and this is expected to result in property sales on behalf of USS property over the next two years," the broker observed."

Mark

[darias] 07/3/2014 08:29

Still quiet on all fronts. Going have to put a stop loss on soon.

[n13518] 25/2/2014 11:21

If these 2 purchases in Birmingham and Camberley yield anything like the the ones in Surrey and Bracknell then it will give great boost to the profits and hopefully to dvidends too.

[darias] 25/2/2014 07:57

Where do you think we will finish at the end of the day?


Date: 25 February 2014
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700hrs


First Property Group plc

New UK Partnership - final close

First Property Group plc (AIM: FPO), the property fund management group, is pleased to announce that, as indicated in the announcement made on 24 October 2013, its new Partnership, Fprop PDR has now raised an additional GBP25.4 million in cash commitments from clients of a leading global investment business. Fprop PDR now has total cash resources of some GBP41 million available to it. First Property Group plc has, as part of funds raised, made a commitment of GBP2 million to Fprop PDR. Staff, family and friends of First Property Group have also committed some GBP1.4 million to the Partnership.

Commenting on the final close of the fund raising, First Property Group's Chief Executive Ben Habib said:

"We are pleased that our new Partnership, Fprop PDR, has raised additional funds giving it some GBP41 million in cash resources to undertake its business plan of acquiring offices in the UK and converting these properties to residential use.

"Fprop PDR has now completed the purchase of an office block in Birmingham and has exchanged contracts to purchase another in Camberley, Surrey. The Group expects more purchases to be made by the Partnership in the near future."

-Ends-

[mazarin] 17/2/2014 11:10

I too have held FPO since its early beginnings and currently am very pleased to see it rising. My only regret perhaps is not buying more in the early days, but we would probably all say that in the present improving climate. I created this particular thread and am quite happy for it to be 'quiet', provided the company continues to be 'busy' and clearly FPO is. I welcome all informative and supportive posts and am only too aware that many BB's are plagued by repetitive and sometimes rather unpleasant remarks made by frustrated investors venting their disappointment.... so, in short, much prefer quiet.

[dorset64] 17/2/2014 10:23

Been a few of us here for a few years Darias, and happy the bb is as quiet as it is. All my dividends are automatically re-invested back into shares so happy the way things are progressing.

[darias] 17/2/2014 08:11

This is a share for investers not gamblers!

[count chris] 14/2/2014 20:44

Wish I'd had the time to look into it but all I saw as I checked my phone yesterday was that my SB which has been underwater for months was suddenly at a proffit. With no oppertunity to find out why I decided a bird in the hand etc and cashed in. Simon Thompson is a good man to have on your side though. I don't believe in tipsters buy the guys on a great run. Good luck holders!

[dashton42] 14/2/2014 13:06

Yes, and he's upgraded his price target again to 30p. For those with access:

[trasenster] 14/2/2014 11:47

Bullish article in the IC by Simon Thompson

[darias] 14/2/2014 11:40

Well Well.

A record high share price. Trading at something like 12.5% price/earnings ratio. Dividend yield of over 4% but no posts on this board.

These BB's fascinate me.

[darias] 07/2/2014 14:35

BrianGeeee
7 Feb'14 - 11:19 - 202 of 204 0 0 (Filtered)

Darias
7 Feb'14 - 11:50 - 203 of 204 0 0 edit

BG

From the interim report published in November,

"Discussions continue regarding the expiry in August 2015 of the USS Fprop Managed Property Portfolio, our largest fund under management. Irrespective of the outcome of these discussions,"

Now please tell me where you have seen the clarification on several occasions USS is terminating since November.

BrianGeeee
7 Feb'14 - 12:34 - 204 of 204 0 0 (Filtered)

Filtered because he gives out misinformation.

[briangeeee] 07/2/2014 12:34

Darias, rather than spoon feed you, that can be a little challenge for you, to help your development as an investor - Find two places where FPO have clarified that USS will not continue post 2015, and why. Once you've started doing your own research, you'll find it will help in all sorts of situations.

[darias] 07/2/2014 11:50

BG

From the interim report published in November,

"Discussions continue regarding the expiry in August 2015 of the USS Fprop Managed Property Portfolio, our largest fund under management. Irrespective of the outcome of these discussions,"

Now please tell me where you have seen the clarification on several occasions USS is terminating since November.

[briangeeee] 07/2/2014 11:19

The company have clarified on several occasions USS is terminating. Their very general intent seems to be to allow gross AUM to shrink, and to time the utilisation of the majority of their own cash to smooth the transition in terms of earnings. That presumably implies deploying it in a high risk/reward or high yield manner.

[darias] 07/2/2014 09:05

It is my understanding that the current contract ends not that it will not be renewed. Can you post where you get information that the contract will not be renewed.

[marben100] 06/2/2014 18:01

Does the article mention withdrawal of USS funds in 2015 and how FPO will replace revenue from them?

Cheers,

Mark

[mazarin] 06/2/2014 13:56

Nice to see a strong, near 10% rise today presumably on the back of IC update. I've held these for years but keep them in the back drawer, perhaps I should review their position.

[dashton42] 06/2/2014 12:35

A bumper FPO update from Simon Thompson, Investors Chronicle, for those with access. Executive summary: he rates it a decent medium-term buy, and thinks it could return to its share price high last seen in 2000:

[n13518] 04/2/2014 10:24

Another great deal almost doubling the profits on the Bracknell Property. Not bad deals and proceeds go towards development of the business. FPO going strength to strength and the share price will catch up sooner or later.

[miss womble] 08/1/2014 13:02

FPO have made a clear profit of £3.1 million in less than a year on an outlay of £2.46 million (126%). I wish I could make that sort of profit. And the shares decline somewhat. Am I missing something or are all investors too busy elsewhere chasing much smaller profits or even losses? Good luck guys and dolls, MW

[count chris] 17/12/2013 18:12

I have a small SB on this and thought you'd like to know t1ps.com Today gave a bullish write up of the sale of the Woking office. They don't give a price target but conclude "Overall, the shares continue to look like a solid constituent of an income and growth portfolio."

[n13518] 16/12/2013 23:00

I am somewhat surprised by the reaction (lack of it) on such a good return or lack of it. The Bracknell property purchased for around £940,000 can be converted to residential and then sold-off or a smilar profit without conversion will do.

Only volume of 117,000 today. Suits me.