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| 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 | 0.00% | 14.70 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 14.20 | 15.20 | 14.70 | 14.70 | 14.70 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 7.85M | -4.58M | -0.0413 | -3.56 | 16.3M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 14.70 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/11/2024 | 16:08 | ALNC |  First Property swings to interim profit amid growth in investee value |
| 21/11/2024 | 07:00 | UK RNS | First Property Group PLC Interim Results |
| 12/11/2024 | 14:22 | ALNC | IN BRIEF: First Property anticipates profit ahead of expectations |
| 12/11/2024 | 07:00 | UK RNS | First Property Group PLC Trading Update |
| 21/10/2024 | 12:37 | UK RNS | First Property Group PLC Notice of Results and Investor Presentation |
| 21/10/2024 | 11:14 | UK RNS | First Property Group PLC Holding(s) in Company |
| 18/10/2024 | 05:53 | ALNC | IN BRIEF: First Property Group CEO Ben Habib adds to 16% stake |
| 17/10/2024 | 09:23 | UK RNS | First Property Group PLC Director/PDMR Shareholding |
| 30/9/2024 | 16:30 | UK RNS | First Property Group PLC Total Voting Rights |
| 26/9/2024 | 10:00 | UK RNS | First Property Group PLC Director/PDMR Shareholding |
First Property (FPO) Share Charts1 Year First Property Chart |
|
1 Month First Property Chart |
Intraday First Property Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/11/2024 | 09:30 | First Property Group plc | 905 |
| 30/11/2020 | 13:24 | RNS New property | 2 |
| 22/6/2018 | 23:08 | IC new article | 3 |
| 20/6/2018 | 08:18 | RNS | 2 |
| 14/6/2018 | 19:28 | First Property Boom? | 79 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-12 16:05:33 | 14.42 | 22,857 | 3,295.98 | O |
| 2024-12-12 14:37:05 | 14.42 | 16,408 | 2,366.03 | O |
| 2024-12-12 10:32:50 | 14.42 | 1,142 | 164.68 | O |
| Top Posts |
|---|
Posted at 13/12/2024 08:20 by First Property Daily Update First Property Group Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker FPO. The last closing price for First Property was 14.70p.First Property currently has 110,882,332 shares in issue. The market capitalisation of First Property is £16,299,703. First Property has a price to earnings ratio (PE ratio) of -3.56. This morning FPO shares opened at 14.70p |
Posted at 09/9/2024 09:23 by smithie6 I have just now submitted to buy the new shares oferred to me,at only 8p/share Anyone with FPO shares don't forget or be to slow to decide....or you might miss the deadline at your broker. The deadline at your broker is surely X days "before" the deadline at FPO to give your broker time to do his job. |
Posted at 05/9/2024 10:32 by blobby Smithie,“Blobby, do you agree with the points I have made?” Not entirely, although it is an interesting discussion. It would be nice to hear from Mr Gyllenhammer about his views for the company. I’m not sure that his involvement with the many companies that he has invested in has often benefited other shareholders. Consequently, I’m nervous about his increasing interest in the company. In listening to the last FPO presentation I formed the impression that the directors were not particularly happy with Mr Gyllenhammer’s shareholder activism. However, there may be some positives to this as well as some negatives. I am concerned that Directors have other interests which are taking time away from their job at FPO for the last year or so. In particular, I’m hoping that post the UK general election that Ben Habib can devote all his work time to the company. I take this fundraising and the new lease at Blue Tower to be positives. Perhaps the corner has been turned and there are plenty of good opportunities for FPO to find if the company directors look for them as they have done in the past. |
Posted at 04/9/2024 21:02 by stablehound I’m an infrequent visitor to this site and the recent posts have been an interesting discussion on the position in which FPO now finds itself. I have held shares almost since the listing at which time I much admired the manner in which Ben Habib was then able to read the property market and using his entrepreneurial skills to deal well for the shareholders and for himself.Sadly for the shareholders those days are long gone. The market has changed dramatically and the sort of opportunities that Habib was able to spot are unlikely to return. Given the position the company now finds itself in and the very reasonable offering shareholders are offered I propose to take up the shares I am offered but not without a deal of grinding of teeth. The offering by the directors and the director underwriters seems entirely reasonable as the interest of the shareholders and the directors seem to be aligned. Without this deal it is hard to see how that smoke and mirrors deal for the purchase/financing of the troublesome Polish office complex could be resolved. Without a deal that resolved that situation the company would, despite its asset valuation, be in a position close to technical insolvency, which would have been of benefit to none of the currently interested parties. Assuming that the fundraising goes through as planned I sincerely hope that the non executives prevail upon Mr Habib to step aside to enable this company which has assuredly now had its day to be liquidated or otherwise dismantled so the shareholders can see a return which is somewhere near the net asset value. Despite the fact he is a material shareholder the Company cannot be allowed to remain Ben Habibs cash cow |
Posted at 04/9/2024 19:44 by smithie6 post 891 by Blobby"Certainly better than giving directors discounted options which is that many companies do" Gyllenhammer complained on this forum of yet another big chunk of share options for Habib. I think we would all agree that Mr Habib works hard to give himself high bonuses & share options. So, Blobby, your post is wide of the truth imo. |
Posted at 04/9/2024 19:21 by smithie6 my point about Mr Gyllenhammer was partly to highlight that some shareholders are being treated differently.Mr Habib, director owns 14% of the shares Mr Gyllenhammer owns 25 % Can you justify why Mr Habib is allowing himself (because he wrote the rules for this share offer ) to take up unwanted new shares at a big discount (@8p/share) when bigger shareholder number 2 (Mr G.) is not offerred that chance ?!!....just because he did not write the conditions for this cash raise !?...one has to agree with me that shareholders are not being equally treated. I can see that allowing small shareholders to apply for excess shares at 8p might be prohibitively expensive, but there are solutions to that. The application for excess new shares could be for a minimum of £5k worth, then in £2.5k steps. Few PIs would apply for £5k of excess shares, one assumes. but at 8p you never know. But if Mr Gyllenhammer and other big shareholders were to apply for large amounts of excess new shares then I argue it would benefit all shareholders since it might well avoid the 2 directors obtaining too big a % in the co......& with the shareholdings of other directors & managers might put the company under the complete control of the dirs & managers & that, at any property company, is never a good thing. The property sector is full of corruption/fraud/imm ECDC, DCI, Probus, many more ...a never ending list (together those companies have lost investors hundreds of millions of pounds !, yes, hundreds of millions !!! always happened imo because the dirs or property managers have had too much power. Hopefully FPO won't be just one more. ----- that Mr Gyllenhammer has bought a big % (25%) gave hope of perhaps all PI stakeholders being able to keep/make the operation of the dirs & the co. correct & transparent etc. If this cash raise puts a bigger % of the co. in the hands of 2 dirs, imo the opposite is the case. Blobby, do you agree with the points I have made ? |
Posted at 04/9/2024 08:37 by blobby I think we agree that directors and shareholders are not equal. Your point was that shareholders were not being treated equally but at the same time you thought that Mr Gyllenhammer should be given preferential treatment because of the size of his shareholdings.The directors are underwriting the share offer. If they weren't doing this then someone else would have to. You point out the offer could have been made more complicated by giving existing shareholders the chance to subscribe for those shares not being take up. This does happen sometimes for very large companies but I suspect that for First Property the costs would have been prohibitive and hence it would not have been in our interests as shareholders. If you want to benefit from the discounted share price caused by this fundraising then you could purchase more shares today at a value well below NAV and with added security of funding for the fit-out for a new tenant at Blue Tower. |
Posted at 03/9/2024 14:09 by smithie6 MR Gyllenhamer must be furious !rightly so imo. ---- that only 2 directors are able to probably buy large amounts of new shares (with tax benefits I think) at 8p is of course distasteful conduct imo. Let us remind ourselves what the Company Act 2006 says 'equal treatment of all shareholders" that only 2 dirs get to buy shares at 8p that are not taken up in the cash raise is of course not equal treatment. I dont understand how they can get away with it. ======= Mr Gyllenhammer I think paid 18-20p/share to build up his large stake. He would surely like to get the same rights as these 2 dirs and also buy rights shares that are not taken up at 8p/share. |
Posted at 03/9/2024 11:00 by blobby My thoughts as well. Except that the price drop was inevitable today as this always happens when a company raises money. I'm hoping that in a few months time, things will balance out and the next few days will seem like bargain prices. |
Posted at 25/7/2024 13:49 by blobby Great news on leasing:It's a good plan to ask shareholders for capital to pay for the fit-out. However I'm not sure how this will work out and what it will do for the share price in the short term. |
Posted at 29/11/2023 17:36 by smithie6 BtwAR for 2023 Directly owned properties, Claimed market value =54 million € PBT from lease income= 0.8 million € & this excludes profit from any one off sales. If FPO tried to buy such a group of buildings & paid a yield from the PBT of 10% (too high phps but good for simplicity) then FPO would pay 8 million €. 8 million € is much lower than the claimed market value of 54 million € !! ------ While for sure the selling price for a building only 30% full would not be based just on the income from that 30%, but a buyer would not base his buying price on it being 100% rented out since he doesn't know how long that might take to happen. And at what price. And he has to deduct from the value the summation of his annual losses until he gets enough occupancy to be at break even. ===== The key question is how much is the Gdynia building "really" worth with ~70% of it being empty, loss making & the progress to rent out the remaining empty space being slow in the last 12 months. The occupancy is essentially the same as it was 1 year ago imo. |
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