First Property Share Discussion Threads

[tyranosaurus] 17/1/2018 13:05

I`m a buyer at 45p, which is a more realistic level
I would be happy with 20% upside.

[eastbourne1982] 16/1/2018 22:17

Looking at the chart I'm a buyer at 40p, it may well not reach that level however at 45p upside is probably limited to circa 20 - 25%. I generally look for 30 - 40% upside.

[speedsgh] 16/1/2018 18:19

ST last updated on FPO on 9/10/17 with a BUY recommendation when the shares were trading at 53p. No update since.

Trading plays -

"...Rated on nine times prospective earnings, offering a 3 per cent forward dividend yield, priced in line with book value, and offering 22 per cent upside to my 65p target price, First Property’s shares are worth buying."

Trading Statement not due until mid-April.

[blobby] 16/1/2018 16:08

Does this mean that Simon Thompson has dropped FPO from his list of tips? (I don't understand the comments above)

[dorset64] 16/1/2018 10:20

Does seem strange to be selling right now, but peeps/instis have many reasons for selling and mainly peculiar ones.

[catsick] 16/1/2018 10:12

Looks like someone is selling a decent ammt, this is trading far to far below the nav given the free asset management business now bringing chunky mandates in...

[blobby] 19/12/2017 13:16

Yes I agree that the share price seems "odd", however this is not unusual. If you compare the FPO share price with the reported NAV per share over time you will see that there are often huge variances. However the consistent performance over the years shows the market does always catch up eventually.

[snadgey] 19/12/2017 12:13

Share price seems very odd. Been watching for some days now and, although low volume, most transactions seem to be buys. Certainly seems a bargain at this price unless 'Mr Market' knows something we don't!
All the best.

[blobby] 19/12/2017 11:39

I've bought some more today. At 49p compared to a reported NAV of 51.25 pence per share this seems like great value for a company that has a solid record of delivery.

[chimers] 23/11/2017 12:08

Im here was in the garden throwing an old settee into the neighbors patch.

Looks like its going to take a while for the next leg up.

[tyranosaurus] 23/11/2017 11:48

Where is Chimers today ?
Off ramping something else ?
Results are ok, happy to hold but disappointed with the pathetic interim dividend of 0.42p

[blobby] 23/11/2017 10:26

Yes catsick, it has always seemed to be well run and has a great record of delivery.

It looks like the market were expecting good results after all.

Trading at about NAV so it continues to seem like a great investment opportunity to me.

[catsick] 23/11/2017 07:49

Nice results well run and there is a very fast growing asset management business thrown in for free now that it is trading bang on the new NAV figure, the asset management business has 40 percent growth baked in for the next 12 months just filling the mandate they have and any new mandates or asset growth will easily get that to 50 pct, the company has a great business model and can keep growing at this clip for a long time...

[blobby] 17/11/2017 16:58

Good links Chimers and Mortimer7, many thanks.

Fingers crossed that all that comes through in the results. It may be that the market is expecting all this, in which case there is only room for the downside :-(

I've been in FPO a long time now though and it seems well run to me so I'm happy to sit with it and invest little bits more on share price weakness (such as the current point in time).

[mortimer7] 17/11/2017 16:05

Here you go

hxxp://www.fprop.com/app/uploads/2017/10/Investors-Chronicle-Trading-Plays-171013.pdf

FPO on page 2

[chimers] 17/11/2017 15:55

The podcasts are all free to view/listen.
I will find it later and post on here directing you to it or with a link or whatever.
Cant right now am busy.

[blobby] 17/11/2017 15:43

There was a link posted for this earlier on this bb, but the link does not work now. I can't see anything on Investors Chronical that is free to view.

[chimers] 17/11/2017 15:04

No I cant remember which one it is do a search.
Its free.

[chimers] 17/11/2017 15:04

If your going to listen take some tissues.

[chimers] 17/11/2017 15:03

The investors chronicle team nearly ejaculated during the podcast.

[blobby] 17/11/2017 14:56

Chimers,

I'm happy to change my mind about your "facts" if you have some evidence of "They are going to be extremely good." and "its FREE MONEY".

[chimers] 17/11/2017 13:48

Results out on the 23rd Nov Thu 7am