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% 30.30 156 08:00:00
Bid Price Offer Price High Price Low Price Open Price
29.00 31.60 30.30 30.30 30.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 8.65 7.08 6.14 4.9 34
Last Trade Time Trade Type Trade Size Trade Price Currency
09:12:43 O 156 30.95 GBX

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Date Time Title Posts
23/6/202211:05First Property Group plc813
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
2022-07-06 15:02:1729.6730,0728,921.16O
2022-07-06 14:28:1029.675014.83O
2022-07-06 13:55:3830.9540,00012,380.00O
2022-07-06 12:44:3030.9815,0004,646.25O
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First Property (FPO) Top Chat Posts

First Property Daily Update: First Property Group Plc is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker FPO. The last closing price for First Property was 30.30p.
First Property Group Plc has a 4 week average price of 28.30p and a 12 week average price of 28.30p.
The 1 year high share price is 36.50p while the 1 year low share price is currently 28.30p.
There are currently 110,882,332 shares in issue and the average daily traded volume is 52,178 shares. The market capitalisation of First Property Group Plc is £33,597,346.60.
stevegrass777: Looks like fpo just posted a decent set of results, and it looks like they are primed for future gains in property valuations as well. Good to see. Just need that long awaited re rating.
stevegrass777: Company is in good shape, reducing debt and increasing aum and still making value enhancing deals every now and then. Hopefully more to come. Very undervalued atm could do with some share price movement.
m_kerr: i've checked the figures, and the pro rata price is in line with the book value for the assets as at the last set of results (full year). it's a couple hundred thousand lower, so not material. results are in tomorrow, so hopefully a better set of figures. a new (albeit small) asset management mandate and a 5 year extension of the PPP mandate is good news.
blobby: Yes, it's his MO. It's a great sign that FPO is undervalued but also a little worrying for the direction of the company.
wobblywilbur: FPO have fairly recent experience in converting office space to residential units - could profit in time from a surplus of offices perhaps.
m_kerr: it's a relatively low initial equity commitment of £10m, but i expect if they pull off deals that look attractive, this will attract more clients and inflows into the fund. growing the asset management side is an important part of the FPO investment case.
stevegrass777: Agreed at this price you are getting great value, and I'm sure the share price will be re rated over time. I'm looking for more deals here, after the last property sale they have fire power for buying cheap properties. Hopefully they are working on something. Once a new purchase comes along the market should catch up.
m_kerr: finally bought some. at this price the equity and investments are at roughly a 65% discount. given that the gdynia property accounts for a huge chunk of the leverage, assuming the lease was not renewed and they handed the keys back, the remaining directly owned properties (£31m) are at 50% LTV, meaning the current share price discounts the assets by about 30%. IMO, some of the assets are underpriced or at the very least conservatively valued, e.g. the romanian industrial asset is in the books at €3.5m despite generating €0.33m of net operating income. i see minimal downside here over a reasonable time period given that each property has separate non recourse debt. if they are able to ramp up the AUM managed for third parties, and it becomes clear that values are not in freefall, the shares should rerate upwards.
tyranosaurus: FPO share price is in freefall.
stevegrass777: As an investor you should know that the share price doesn't always reflect the performance of the business or the progress that has been made. Often sectors are shunned, sometimes with good reason sometimes not. That's the low share price compared with the performance of the business is one thing I spend many hours trying to find, and that is what fpo is in my opinion. Hopefully the share price is just bobbing along waiting for the results to come out, and when these come out it should improve the share price and interest in the company if the results are robust. Fpo have many irons in the fire at the moment and some of these projects could add considerable value here which if they come good the share price will not ignore. Just as a side note, noticed Ben Habib (ceo) has become the business secretary of the newly formed Brexit party. That shouldn't really effect the share price but it did go down yesterday.
First Property share price data is direct from the London Stock Exchange
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