First Property Group Plc

0.00 (0.0%)
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 Shares Traded Last Trade
  0.00 0.0% 27.00 28,471 07:39:00
Bid Price Offer Price High Price Low Price Open Price
26.00 28.00 27.00 27.00 27.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Agents & Mgrs 8.65 6.78 5.80 4.50 29.94
Last Trade Time Trade Type Trade Size Trade Price Currency
15:15:34 O 9,128 27.30 GBX

First Property (FPO) Latest News

First Property (FPO) Discussions and Chat

First Property Forums and Chat

Date Time Title Posts
19/5/202308:57First Property Group plc868
30/11/202013:24RNS New property2
23/6/201800:08IC new article 3
14/6/201820:28First Property Boom?79

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First Property (FPO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

First Property (FPO) Top Chat Posts

Top Posts
Posted at 12/5/2023 08:09 by baner
It is interesting to see that the directors are now buying shares in the market at a price 20% higher that the strike price at which the options were issued a month ago - and, hold your breath, there is a 10 year maturity on these options! What an absolute scandal this is.
Posted at 10/5/2023 13:37 by smithie6
if the management are so good why is the share price so low

& why have shareholders done so badly over recent years
60p in 2018 & only 27p now.
£10k invested then would now be worth <£5k !!!

while the boss has got richer via bonuses !!

Posted at 10/5/2023 13:21 by guywhite knight
You are aware the Gdynia property was bought by FPO with the debt in place? The company made a cash on cash return of 100% per annum on its investment for 6 years, depreciating the property all the while knowing the value would eventually be below the debt. It then renegotiated the debt level from a position of strength giving the company the opportunity to make a capital gain, while avoiding a wipe out for the bank. Sounds like damn good property and financial management.
Posted at 10/5/2023 12:42 by smithie6
last years "profit" only reflected a book profit from a hair cut that a polish bank had to accept as a result of habib´s bad management of the gdynia property. and for that he was paid a £1.35m bonus !!! horrible"

did the boss really get such a big bonus

for getting the share price down so low !!

nuts imo

Posted at 24/4/2023 20:21 by guywhite knight
Markets have been turned on their heads in the last six months. Interests rates and inflation rocketing. Work from home causing other problems. All hitting debt markets, banks and property. Best to make sure management are locked in with shareholders.

The options tie in key people at no cash cost while debt is scarce and markets under pressure. Unless they perform, the options will expire.

FPO has been through many cycles and Hanib has delivered. Including Covid and the GFC too.

Let’s see how the company performs over the next year or two.

Posted at 24/4/2023 16:53 by baner

u r spot on! this is the most disgraceful "behaviour" of any RemCom that has been seen for very long in a UK public company. habib´s performance is mediocre at best - and he has been exceptionally well paid for delivering.......not very much to shareholders in recent years. in fact the share price has gone steeply south and the dividend has been cut by two thirds...........last years "profit" only reflected a book profit from a hair cut that a polish bank had to accept as a result of habib´s bad management of the gdynia property. and for that he was paid a £1.35m bonus !!! horrible.

Posted at 21/4/2023 08:58 by guywhite knight
Gyllenhammar has never built anything. Habib has delivered a double digit IRR over two decades. Does not tap shareholders. His bonus was paid when profits were large. The options do have an exercise price!

All property is under pressure right now. That’s the discount. It is in difficult markets that Habib out performs.

What’s brexit to do with it?

Posted at 21/3/2023 15:47 by stablehound
The value of the sum of the parts of FPO is far higher than the NAV and VERY much greater than the current market value of the shares. I would suspect that Ben Habib is bored running this small venture in a dull market with little opportunity to take advantage as a quoted company of quick in and out dealings as was the case some years ago when office space was bought and then sold for residential or when Eastern Europe offered real opportunities.

Mr Glyhammer(?) is presumably buildings his stake on the cheap with the intention of ultimately offering for the whole Company and taking it private. Perhaps this is why the shares he is buying cheaply are not being bought in by the the company at the substantial discount that the Company's shares now stand at.

Apart from the fact that the Company provides Ben Habib with a very good living, which might continue if Mr G bought the whole thing, is it not in the interests of smaller shareholders to realise a better price by a sale of the Company than hang around owning shares in an undervalued company paying a modest dividend with little opportunity for medium term growth

Every dog has its day

Posted at 26/1/2023 18:31 by blobby
Some interest today, has FPO been tipped somewhere?
Posted at 11/9/2020 12:42 by tyranosaurus
FPO share price is in freefall.
First Property share price data is direct from the London Stock Exchange
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