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Share Name Share Symbol Market Type Share ISIN Share Description
First Property Group Plc LSE:FPO London Ordinary Share GB0004109889 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -0.71% 35.00 34.00 36.00 35.25 35.00 35.25 78,657 12:39:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 16.3 5.5 4.4 8.0 39

First Property Share Discussion Threads

Showing 551 to 574 of 1150 messages
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DateSubjectAuthorDiscuss
14/2/2014
13:06
Yes, and he's upgraded his price target again to 30p. For those with access: http://www.investorschronicle.co.uk/2014/02/12/comment/simon-thompson/building-on-property-gains-CAbqeLx0x3rPuNOZBkWGsL/article.html
dashton42
14/2/2014
11:47
Bullish article in the IC by Simon Thompson
trasenster
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.
darias
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.
briangeeee
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.
darias
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.
briangeeee
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.
darias
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
marben100
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.
mazarin
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: http://www.investorschronicle.co.uk/2014/02/06/comment/simon-thompson/hot-property-ySoiIKyynwrH8yIULi9BCN/article.html
dashton42
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.
n13518
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
miss womble
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."
count chris
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.
n13518
16/12/2013
18:19
Exactly thats what you call a return on your capital employed, fingers crossed in respect of the other office block to be converted to residential use we purchased at the same time
yupawiese2010
16/12/2013
07:38
Wow, that's quite a return... http://uk.advfn.com/news/UKREG/2013/article/60393693
dashton42
28/11/2013
09:35
Investors Chronicle reiterated its Buy advice on FPO yesterday, saying that the shares "...remain cheap on 12 times expected profits for this year of 2.2p a share": http://www.investorschronicle.co.uk/2013/11/27/tips-and-ideas/share-tips/first-property-turns-to-housing-developments-69QUwL2Yg2uNQgBjwYwjWJ/article.html
dashton42
13/11/2013
13:40
Just a reminder - The interim results are only a fortnight away ( 27th Nov )
yupawiese2010
12/11/2013
19:19
The full text from the I.C. The management team at Aim-traded property fund manager First Property Group First Property Group PLC (FPO:LSE) WedThuFriSatSunMon24.5024.7525.0025.2525.5025.75 (FPO: 26p) announced yet an interesting property deal at the end of last week. To recap, I advised buying shares in the company a year ago when the price was around 18p ('Hidden value', 20 November 2012). Since then, we have picked up an interim dividend of 0.33p a share and a final payout of 0.75p a share in September. Combined, this gives an annual dividend of 1.08p, so at the current price of 26p the shares still offer a decent yield of 4.2 per cent. The payout was covered twice over by EPS of 2.2p in the 12 months to end March 2013, so looks safe - especially as currency adjustments understate the true EPS figure by quite some margin. Importantly, the investment case remains sound, so much so that I reiterated my buy advice a couple of months ago when the price was 22.5p ('Shares with hidden value', 12 August 2013). I have little reason to change that positive view. First Property's latest deal involves the company buying a further 19.7 per cent interest in its one remaining directly owned property holding, Blue Tower, an office tower in the central business district of Warsaw. This means the company now has a 48.2 per cent interest in the property. It has proved a shrewd investment so far, rising by 52 per cent in value from $12.9m (£8m) in December 2008 to $19.5m (£12m) at the end of March this year. The property contributed pre-tax profits of £962,000 last financial year to the company, or around a quarter of group profits. First Property's board calculates that the blended pre-tax rate of return on equity of the 48.2 per cent share in Blue Tower will be an eye-catching 38 per cent. Interestingly, First Property conservatively holds Blue Tower at cost in its accounts, which means that the net asset value of the company - £18.5m at the end of March, or 14.4p a share - understates its true worth. In fact, mark the Warsaw property to market value and First Property's book value rises by 3.3p to 17.7p a share. It's also worth noting that First Property values its interests in the funds it runs at cost. Mark these interests to market value and the carrying value of these investments adds £3m, or 2.3p a share, to book value and means that the company's net asset value is actually closer to 20p a share, rather than the 14.4p stated in the accounts. Positive news flow At the end of August, First Property's funds had £348m assets under management, of which around 70 per cent of the properties are located in Poland, and a further 26 per cent in the UK. The good news is that the Polish commercial real estate market is starting to improve so we can realistically expect positive newsflow on property deals there in the coming months. First Property is also taking advantage of the improving housing market in the UK and has announced two interesting deals in the past few months. Firstly, it has formed a partnership with clients to invest in office buildings with a view to converting these to residential use. The partnership, which is closed ended, has a life until May 2018. Clients are committing £12m to the venture, with an intention to increase this to £40m within three months. First Property will commit 5 per cent of the equity raised subject to a limit of £2m and manage the partnership, but will not levy any fees for its services. It will instead be paid 20 per cent of the profits earned by the partnership, as these are earned, subject to claw back in the event of losses. This is the second deal the company has done in this area of the property market in recent months. In July, First Property invested £3.4m of its £13m cash balance acquiring seven largely vacant offices, one in Bracknell in the Thames Valley and the others in Old W
yupawiese2010
12/11/2013
12:49
FPO covered again by Simon Thompson, Investors Chronicle, today; he reiterates a price target of 29.5p: http://www.investorschronicle.co.uk/2013/11/12/comment/simon-thompson/hot-property-plays-qLn2McNrcd1EOsT6VZYVnK/article.html
dashton42
28/10/2013
17:25
Yes, essentially he feels it's undervalued, has a price target of 27.5p, but also feels it could test 29.5p.
dashton42
28/10/2013
14:01
Guess it's nice and positive from the mad rush at midday!
xlairways
28/10/2013
12:31
FPO gets the thumbs up from Simon Thompson again: http://www.investorschronicle.co.uk/2013/10/28/comment/simon-thompson/on-rock-solid-foundations-Et9AGX8XAItV9PR7glspHJ/article.html
dashton42
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