First Property Share Discussion Threads

[cheshire man] 03/5/2018 11:58

Nice move up today I see :-)

[catsick] 27/4/2018 10:42

Yes and simon is copying my comment re the asset management is thrown in as a free gift ... which I am happy to see !

[speedsgh] 25/4/2018 12:27

New update on FPO today by Simon Thompson (Investors Chronicle). Reiterates BUY recommendation with 65p TP.

[fanshaw] 18/4/2018 12:18

Think this company needs to decide what it is, A Property Company or

a Investment Trust until then the market is undecided how to value them

correctly.

[cheshire man] 16/4/2018 09:18

Yes agree catsick happy to hold :-)

[catsick] 16/4/2018 09:02

They will be hitting 1bn usd of aum soon , which for an asset management company valued as a free add on to their investments is nuts

[dorset64] 16/4/2018 08:53

Yep always nice to read such statements, plus a decent bounce in the share price too.

[catsick] 16/4/2018 08:02

Nice upbeat statement and very good growth in aum , whats not to like ....

[fanshaw] 13/4/2018 16:00

bbb

I had seen RNS dated 9th April but this looks like two sales?

Perhaps a crossing sale.

[bigboyblue] 13/4/2018 13:34

See the RNS dated 9th April. It looks like the Universities Superannuation scheme had about 4,775,000 shares left after that trade. I guess these have been sold today in which case we should see a TR1 soon.

[fanshaw] 13/4/2018 12:57

Large Trade sales this morning anybody any theory's whats going on.

[fanshaw] 12/4/2018 14:29

Any signs of a trading statement

Not a great deal of activity in share price recently which in theory should be good.

[catsick] 09/4/2018 11:53

We should be due a trading statement any ay now covering the year to 31mar , if ben has been buying I doubt therr will be a bunch of bad news

[jeff h] 06/4/2018 13:22

...but not cancelled...50% of the USS holding.

[catsick] 06/4/2018 12:44

Thats a chunk of shares they have brought back, at below what will be current nav makes a lot of sense

[catsick] 03/4/2018 13:03

Nice , Ben knows they are too cheap !

[chimers] 20/3/2018 10:47

There is everything you could imagine possible with ST "analysis" with this one!!

Not for much longer though eh simon!!

[cheshire man] 26/2/2018 13:28

Thanks for that speedsgh :-)

[speedsgh] 26/2/2018 13:07

Tip Update by Simon Thompson in his IC column today. Reiterates his BUY recommendation following the recent share price wekaness...

[catsick] 13/2/2018 00:45

Nothing wrong with Simons analyses on this one, its a well run company that is compounding NAV at a great rate, if you are prepared to hold for 5 years you will be singing Simons praises

[catsick] 09/2/2018 08:27

Getting down to a decent discount to nav, a buyback of some shares wuth all the spare cash they are sat on would probably make sense here at 43p

[cheshire man] 26/1/2018 08:47

440/441 you may have missed the boat :-)

[jeff h] 24/1/2018 18:53

Cromwell Property Group has sold Imperial Place to a fund managed by First Property Group for £62.5m (€70.8m).

Located in Borehamwood, a commuter town near London, Imperial Place is a 220,540sqft multi-let in-town office complex, which has 24 tenancies and 18 different business occupiers.

Cromwell said since acquiring the four-building office campus in August 2014, it has completed a comprehensive asset management programme, which included a refurbishment of the on-site café and 29,000sqft of office space.

Stephen Cahoon, the head of Cromwell’s UK asset management, said: “A key

driver for our acquisition of Imperial Place was the identification of an opportunity to improve and re-let the vacant space in a market with reducing office stock.

“Office to residential conversion had been increasingly active resulting in a very tight office market.”

Cahoon said Cromwell’s asset management team have added real value by creating a product that appeals to occupiers, taking occupancy from 88% to 100% and increasing the annual rent roll by 29%.

A spokesperson from First Property, said: “Borehamwood is a well-located office campus set to benefit from continuing strong occupier demand.

“We believe that current rents are attractively priced compared to surrounding offices in areas like Watford, St Albans and other locations close to the M25.”

In July last year, IPE Real Assets reported that First Property had raised £179m from eight occupational pension schemes for Fprop Offices, a fund that will invest in office blocks and business parks across England.