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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
  0.75 2.17% 35.25 34.50 36.00 35.25 34.50 34.50 93,987 11:59:48
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 726 to 750 of 1150 messages
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DateSubjectAuthorDiscuss
04/4/2017
13:21
Sudden surge to 53 on decent volume looks like been tipped again ...
catsick
31/3/2017
11:06
I'm in profit too, but the share does seem to have hit a resistance level at 50p despite lots of good news. I think it's sector bias from investors, many of whom haven't quite put together the positive implications of the weakened pound for businesses like FPO. No doubt this will see £1+ eventually, just needs some more press attention and some more good deals.
simonsaid1
31/3/2017
10:57
Thanks for putting up that Tomps2 like all management the man can certainly talk the talk but in this case he certainly has delivered the results. I've just been looking at the price I bought in at and it's about one third of the current price so no complaints there. 3800
3800
31/3/2017
08:52
CEO, Ben Habib, talks FPO strategy. In a 3.5 mins interview, followed by a longer c.30 mins investor presentation. All insightful and informative. hTtp://www.piworld.co.uk/2017/03/30/first-property-group-fpo-interview-at-redleaf-breaking-the-mould-capital-markets-day/ Longer presentation: Introduction - 00:24 Investment philosophy - 01:26 History of the company 2001 - 04:10 History of the company 2005 - 05:23 History of the company 2008 - 07:2 History of the company 2009 - 09:19 History of the company 2013 - 10:23 History of the company 2016 - 12:53 Results of thinking from first principals - 15:26 Track record - 16:13 Looking ahead - 17:22 Q&A, changing work habits - 19:32 Q&A, London price - 22:03 Q&A, how much portfolio is outside the UK? - 25:21 Q&A, leverage - 26:54 Q&A, why invest in the UK? - 30:22
tomps2
30/3/2017
13:02
Yes looks a good deal for both parties. I do think that they undervalue their assets - fine by my books as I like the cautious, well-managed company that FPO is.
jimmywilson612
28/3/2017
08:29
Another nice deal with a quick 50pct profit made, sounds like the lidl supermarkets they also bought recently in Romania at 11 pct yield are probably worth a chunk more than they paid now too
catsick
13/2/2017
08:58
The more of these deals they do the higher the fee income split will be, the asset manager business is valued at zero but they will be up to 500m gbp of assets now under management and that business is becoming more valuable with each new deal ..
catsick
13/2/2017
08:30
This has been & will, imo, continue to be a very solid investment for years to come. Well done to the BoD's.
dorset64
13/2/2017
08:00
Todays RNS reads very well, would be interested to know what the exchange rate on the transaction, will be completed at.
yupawiese2010
13/2/2017
07:56
Nice deal invest 1.5m eur and get 220k upfront fees and 440k a year in income and more fees ... Unlike most asset managers these guys are building aum very quickly with the eating your own cooking model
catsick
16/1/2017
13:18
Today it`s good news. New fund management mandate.
tyranosaurus
09/1/2017
13:42
Crikey, what happened today?
simonsaid1
20/12/2016
08:35
Nice update on aum , growing fast and the fund mgmt business is basically valued at zero at some point there will be a realization of what a great business this is !
catsick
01/12/2016
18:36
We have been shortlisted for the Property Fund Manager of the year, in the Pension Age Awards - result to be announced on the 23rd Feb 17. Hopefully greater recognition, might bring further FUM mandates.
yupawiese2010
28/11/2016
13:08
FPO tip update by Simon Thompson on Investors Chronicle website today. Reiterates BUY. HTTP://www.investorschronicle.co.uk/2016/11/28/comment/simon-thompson/currency-winners-qbFROOzZ0hPa5K2YonNR7H/article.html [subscription required]
speedsgh
24/11/2016
16:07
Simonsaid1, I agree - totally bizarre. Broker (Arden Ptrs) yesterday, 23.11.16, upgraded forecasts PBT: £9.2m(+30.6% on previous forecast); EPS 5.6p (+32.1% on previous forecast). And there's a dividend yield of 3.3%. Fx benefit, with contributions from new investments last year, and reduction in funding costs on European debt; NAV up 6.6% (to 45.48p) due to fx. I guess it appears profits are flat at 4.47m, but last year there was a one off item of £1.58m, this year only £290k one off - so the real picture is pretty impressive; and more sustainable in future years. Equally, the EPS was down 17%, but this is due to a complex deferred tax due to fx, but only applies to H1 (this allows for H2). So increase Group Properties profits (+3%)come from lower interest rates, and lower avg debt, but a wapping 16% £7m adddition from fx. Property fund management profits fell dramatically £1.19m to £0.77m, mainly due to non repeat of performance fees of £0.86m from the PDR fund last year. However 3rd party funds under management grew 20% £196.2 to £234.5m. Well worth taking a look at the broker note, which can be found on the paid for subscription service, Research Tree. (Well worth the subscription).
tomps2
24/11/2016
15:25
Utterly bizarre that this continues to trade so close to NAV. Do investors really think this has no growth potential at all? It's so well positioned. Don't get it. Must be the general PI reluctance to touch property right now.
simonsaid1
24/11/2016
15:14
PBT upgrades of 28% this year and 30% next year. Hard to find that elsewhere in this market. Goes to £9.2m and £9.4m. And that is without further investment, fund gains or exchange upgrades (another £300k if you market to current spot rate). Given we are trading at asset value, this is offering no credit for any future value generation.
oregano
23/11/2016
15:32
Ben Habib - talking to Proactive. hTTp://tinyurl.com/zvlvt9g Apparently we are about to purchase a property in Krakow edit Ben Habib talking to share radio & audio results are now available from the media centre of the companies web site.
yupawiese2010
23/11/2016
12:44
the market latching onto those 20% upgrades.
oregano
23/11/2016
11:37
Presentation is up on the website , all looks like plain sailing
catsick
23/11/2016
10:44
No longer down a little, almost 5% down today. Have we missed something..??
simonsaid1
23/11/2016
10:08
Yeah, decent results. Surprised its down a little. same old adage, patience will be rewarded
thecroots
23/11/2016
09:43
catstick, I'm not sure that all the profits are recurring as you suggest above. There is a list of 4 non recurring things in the report including this: Foreign exchange gains – the Euro was on average some 12% stronger versus Sterling during the period at €1.217 (2015: €1.386). This resulted in Group profit before tax being £620,000 higher than if on a constant currency basis; Nice to see so many positive non-recurring items though. Most of the companies I follow seem to have to report the opposite. I agree these are very decent results and the share price continues to struggle to keep up with the ever increasing underlying value.
blobby
23/11/2016
09:07
So, forecasts for the year are £7.2m, they just reported £4.5m of PBT in H1, which is all recurring bar about £0.3m. So given the rising FUM H2 must > H1. Even if it is only equal, we get PBT of £8.7m, so a 21% upgrade. And that is before the further £0.5m currency upgrade you get given if you market the average currency to the year end. I wouldn't worry about the small sell off, trading at NAV and generating swathes of cash each year. this should be on a material premium.
oregano
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