First Property Share Discussion Threads

[catsick] 09/6/2018 03:22

I think the results are bang in line with expectations and the group continues to do great deals with their own cash funds, the nugget of info for me was they bought for 900k gbp companies in default with 47m in loans against an office park with 50,000 sqm of space, this is a tiny cash amount to pay for a huge amount of upside for non recourse highly leveraged assets. I think the company is worth easily 53p for the reit part and another 20p for the asset management business, I hope the company continues to buy back shares at these levels.

[chimers] 08/6/2018 11:32

Flat as a witches tit. IDS.

[tyranosaurus] 08/6/2018 10:40

The market has spoken. Results not as good as expected. NAV good Profit and dividend stagnating.

[blobby] 08/6/2018 10:07

NAV per share up by 11%. I can live with that.

[fanshaw] 08/6/2018 09:26

Cheshire Man Expenses up 11.5% Dividend up 2.6% Says it all.

[blobby] 08/6/2018 08:37

· Group profit before tax of £9.23 million (2017: £9.14 million); · Total assets under management up 31% to £626 million (2017: £477 million); · Third party assets under management up 45% to £454 million (2017: £313 million); · Adjusted NAV per share increased by 11% to 53.07 pence (2017: 47.64 pence); · Final dividend increased by 2.6% to 1.18 pence per share (2017: 1.15 pence per share). Good results again, although at the lower end of my expectations. Dividend increase is 0 in real terms.

[cheshire man] 08/6/2018 07:28

Well you've got your wish about the divi. in this morning's PR fanshaw :-) Final dividend increased by 2.6% to 1.18 pence per share (2017: 1.15 pence per share).

[fanshaw] 07/6/2018 14:42

Perhaps if Ben Habib & Directors plus Staff where more realistic in the amount they pay themselves in relation to size of company the dividend could be improved plus a possible increase in share price for rest of shareholders.

[mortimer7] 05/6/2018 08:45

Results for the year to 31 March are scheduled to be announced on 8 June 2018.

[speedsgh] 29/5/2018 13:33

Retains No.1 ranking versus MSCI CEE Benchmark - HTTPS://www.investegate.co.uk/first-property-group--fpo-/rns/retains-no-1-ranking-versus-msci-cee-benchmark/201805290700163301P/ First Property Group plc (AIM: FPO), the property fund manager and investor with operations in the UK and Central Europe, is pleased to announce that it has retained its position as the best performing fund manager versus MSCI's Central and Eastern European (CEE) Benchmark, now for the twelve years to 31 December 2017. First Property is also the best performing fund manager over the annualised periods from the commencement of its operations in Poland in 2005 to the end of each of the years from 31 December 2008. MSCI is a leading provider of research-based indexes and analytics. Performance is determined strictly in accordance with MSCI's globally defined data standards and performance measurement procedures, and is based upon independently verified direct real estate investment performance.

[blobby] 08/5/2018 14:11

catsick, I'm not sure about treading water but I'm enjoying the rise. Property shares seem OK at the moment (e.g. BLND). FPO may continue to be a bargain it terms of NAV and earnings but it continues to make steady progress which is ideal in my view.

[catsick] 08/5/2018 12:53

Yes nice run up today on decent volume, finally breaking out after a years treading water ....

[bigboyblue] 05/5/2018 08:11

A favourable write up in today's Telegraph (Money section) in James Bartholomew's 'Diary of a private investor' column. He has recently increased his stake citing the company's 'persistent record of achievement'.

[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. HTTPS://www.investorschronicle.co.uk/comment/2018/04/25/a-six-timer-of-small-cap-plays/

[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.