First Property Share Discussion Threads

[tyranosaurus] 05/10/2020 13:44

No more moaning from me.
I`m out at 35.5p
Good Luck to those still in FPO.

[thewheeliedealer] 29/9/2020 21:13

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes FPO. We also chatted about loads of other Stocks and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 32) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[stevegrass777] 24/9/2020 08:56

Well everything seems in order at fpo, well positioned to pick up any bargains that might occur over the coming months.
Hopefully we will get some deals shortly.

[tresham] 14/9/2020 08:48

Nothing wrong with the company. Indiscriminate selling of property shares/funds.

[tyranosaurus] 11/9/2020 12:42

FPO share price is in freefall.

[stevegrass777] 01/9/2020 21:01

On the other hand,when good companies get this cheap someone normally turns up to make a cheeky offer.
Hopefully some good deals will be made shortly.

[tyranosaurus] 01/9/2020 09:25

FPO is a non-performer.
The downwards trend of the share price continues.
They need to do something quick or I`ll be out of these.

[fanshaw] 28/8/2020 10:20

reason is they are in investment trusts and property and both area's poorly performing

Management need to up its act and not rely SR to boost the share price up a couple of pence.

[tresham] 28/8/2020 07:37

Why? It is very cheap and growing.

[fanshaw] 27/8/2020 16:38

Think it's about time this company was taken private.

[bramcych] 25/6/2020 15:14

I agree they are set-up to outperform. They have a history of great deals. Given his previous extremely strong support for the company SR will shortly rate as Strong Buy.

[stevegrass777] 25/6/2020 12:59

It sounds as if they are down playing it at the moment, knocking a million off a assets valuation every year because it is coming to the end of tenancy seems a bit drastic to me.
I feel they are down playing the results to get through covid unscathed and bolt on some better performance this next year.
Looks pretty solid though, dividend cover is great and cash plus available credit could see fpo fill its boots with good cheap assets!

[rounder2] 25/6/2020 11:02

All said and done , p/e less than 10x , well covered divvy of 4% , cash to invest . It could be worse and shouldn't go much lower than where it is now . May prove to be a decent defensive stock going forward if wider market succumbs to tumult .

[itsnotmeitsy0u] 25/6/2020 10:37

pleased that I dumped first thing at 42p - up almost 10% after a few days after buying in at 36.9p.gla

[rounder2] 25/6/2020 09:40

I agree with the dividend comment , it wouldn't have cost a fortune to up it slightly and the benefit in terms of market interpretation would have been manifest .

[rounder2] 25/6/2020 09:35

When I reconciled cash @ bank based on recent RNS in April , the penny ought to have dropped . Ex Disposal the underlying revenue and profit was obviously down . Silly

[tyranosaurus] 25/6/2020 09:32

Agreed.
Dividend held when it could have been increased slightly.
A classic case of jam tomorrow, except tomorrow never seems to come.

[rounder2] 25/6/2020 09:28

Results much poorer than I expected ( didn't do enough research )
Should have sold out first thing @.421
Finishing lower today
Disappointed

[wobblywilbur] 25/6/2020 08:16

Agreed - good performance in the current climate. Slight dip in the NAV but it looks as though they have revalued some properties (downward) which seems prudent.
Rent collection apparently good in recent quarters (90% +) and expecting similar going forward.
Significant firepower for investments in a softening market....

[stevegrass777] 25/6/2020 08:13

Loads of cash on the books now! Which underpins the NAV.
Also we have plenty of firepower to pick up and distressed asset which in the long run should bode well for future NAV increases.
Looks like most of the reporting numbers are based on before the sale.

[bramcych] 25/6/2020 08:05

Simon Thompson will give this a big boost!

[bramcych] 25/6/2020 07:57

Good performance from underlying portfolio, dividend maintained, huge cash pile for significant value creating deals.

[itsnotmeitsy0u] 24/6/2020 17:14

should be a good day tomorrow i reckon

[bramcych] 23/6/2020 15:21

Small increase ahead of results on Thursday, this will rebase to a much higher level with expected much higher NAV (including significant cash) and dividend increase news. Simon Thompson will then really help by giving this the normal coverage.

[stevegrass777] 18/6/2020 17:41

Exactly, this is so undervalued at the moment, it should be above 60p at least and here we are at thirty odd pence.