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Share Name Share Symbol Market Type Share ISIN Share Description
Fletcher King Plc LSE:FLK London Ordinary Share GB0003425310 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 45.00 40.00 50.00 45.00 45.00 45.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 2.6 0.1 0.4 115.4 4

Fletcher King Share Discussion Threads

Showing 401 to 423 of 725 messages
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DateSubjectAuthorDiscuss
17/12/2007
12:24
mdchand - finance costs of 6%? what planet are you on my friend? lol
ydderf
17/12/2007
11:37
As always property is a long term play.
battlebus
17/12/2007
11:15
tempted to buy myself but already have exposure elsewhere and these property plays just keep falling - agree its overdone but just can't win against the gloomy sentiment - that said if you can stomach further falls and hold for a year or two...
its the oxman
17/12/2007
11:07
Its worth remembering that against the current back drop of doom and gloom, approx £5bn has been raised by large institutional commercial property managers to re-enter the property market in 2008. Like most assets, commercial property is very much sentiment driven, but underlying the asset is usually a rock solid income stream. For example, in today's distressed market, you can pick up properties tennanted by the like of RBS at a yield of 7.5%. Remember that the cost of debt is approx 6% and you have an asset that is self-financing. Now, your probably going to point out, whose going to lend, but the market for asset lending still exists for quality tenants on a decent lease. Would I buy now...probably not as market sentiment has probably yet to bottom, but Spring next year....far more tempting.
mdchand
17/12/2007
11:04
IMHO the fall is way overdone, the question is whether to buy some more.
win2003
17/12/2007
10:15
Oh well, looks like my long-term punt on 23/11/07 will take even longer now! Good luck all.
barn owl
17/12/2007
08:29
yep, phrased well Frauddy, you admit it that statement that it's a rarity. If I had a pound for everytime you've forecast the end of the world over the past 4 years while you sat on your cash and bought property in Germany lol. Back to zee bunker mine flower - you're as good at making market calls the Labour party is at telling the truth. CR
cockneyrebel
17/12/2007
07:13
crookney, looks like i was right and you were wrong this time......as a matter of interest, are you going to be able to adjust your speed to take account of driving conditions, or will your backward looking portfolio take hit after hit?
ydderf
14/12/2007
14:16
fantasy rally my friend - properties and all the service providers are going DOWN!
ydderf
07/12/2007
08:04
Bouncing nicely Frauddy, you're missing that big yield :-) CR
cockneyrebel
06/12/2007
15:21
It's bottomed Frauddy! Your 10K buy just now? You will regret missing this one I promise you - I tried to get you to wait with SUY but would you listen? Don't ignore me this time :-) Tho I think you are already buying as you've gone quiet! :-) CR
cockneyrebel
26/11/2007
17:02
crookney, i think you have had a very good run over the past four years, floating on the liquidty lake on small caps, but be a sensible lad now and go into cash while you can - this will be the really clever move. Most of these illiquid shares will have no market soon, much of their trading advances has come from the same source as the price rise - liquidity and cheap liquidity at that, it will likely all end in tears soon - unless you are getting the kind of value obtaining in suy right now, there is no point in investing in anything less or riskier!
ydderf
26/11/2007
13:29
Frauddy, again you are letting the city scribblers dictate your investing. Read what the recruiters are saying, there is no lack of of recruitment or demand for it, we are not seeing wholsale redundancies. Markets over react - up and down. I was shorting the house builders way above here before the problems manifested - it's the late for the party brigade that are shorting now. CR.
cockneyrebel
26/11/2007
11:27
"crookernee" LOL !
8trader
26/11/2007
11:26
a property co with 100m of props and 70m of borrowings = 30m nav. let the value of the assets fall 25% and what to do you have? = 5m nav. all prop cos are geared my friend, even a 10% fall will reduce the nav in the example above by 33%. many cos are more highly geared because of off balance sheet naughties - you will get slaughtered if you enter at this stage of the cycle imho. much of the demand for occupancy has come from financial companies, noe failing, cutting or fleeing, crookney this is one which you WILL get wrong due to lack of experience and hubris!
ydderf
26/11/2007
10:58
not as cheap as SCS though crookernee, I was a substantial holder of FLK some years ago, bought at the bottom - 16-18p - when the cycle was at its low.....problem is, the commercial property cycle downturn has only just begun, what would reverse it by next June my friend?
ydderf
23/11/2007
20:45
Well I spoke with the FD last week. Obviously he can't tell me anything that is not public domain. But he agreed that while the investment side feels the pinch in markets like this they are still doing and expect to do strong business in surveying, valuation and management. To be honest I give up talking about it. A stock that made £700K in H2 (130% growth Half over half)last year, mkt cap £5.5m, £3m cash, as near as dammit guaranteed 8% yield. Punters can ignore it if they like, my wallet will do the talking here next week. Trouble is everyone is brave and buying at 120p - they lost money. Everyone is scared at 60p - they won't make money. I'll have a little bet - By June next year the commercial property sector is 20%-40% higher than today. Just like builders - in March everyone was a bull, supply demand - we'd allways need houses because of the population growth, lack of land, blah, blah. Today even the hairdresser's daughter is shorting builders, they are all going bust, market's going to fall 20-30% blah blah! Spring gets here, a few sunny days, birds singing, easter holidays and everyone is house hunting the bargains, interst rates are falling etc - 'wish I'd bought the builder shares last Christmas'. The one thing I've learned is when there's 200 posts a day on a thread on ADVFN then get out of that stock. When nobody is interested and a thread is near dead then it's a buy. CR
cockneyrebel
23/11/2007
19:35
CR, Thanks for the reply. I've just been looking at the website. Have you looked closely at the numbers to see how robust the companies earnings would be in a severe turndown? I could see virtually all their departments hitting hard times, with the exception of asset management which should no be affected. Buildings will always need to be managed, come rain or shine. Maybe the landlord/tenant dept will be ok too. But the others: Fund management Construction consultancy Valuation and rating Letting, buying, selling and developing. could all see business tailing off drastically in the next few years. What are your thoughts?
gsands
23/11/2007
19:10
No, they do all three. But the management side and the surveying side is a big part and will remain strong. On the investment side they will obviously make less money but it isn't anything like all their business. http://www.fletcherking.co.uk/home.html Apart from Investment where they obviously do feel it they have Fund management Asset management Landlord & tenant Construction consultancy Valuation and rating Letting, buying, selling and developing. If the valuaton on prooerty co's is bottoming, as looks like in SHB then any weakness in the investment side is probably at it's worst or near it imo. These made nearly £700K pbt in H2 compared to £308K in H1. That was over 5p eps in H2. Even if that level of business halved for the coming year they are on a PE of 11 with an 8% yield. CR
cockneyrebel
23/11/2007
18:52
CR, If they manage property rather than buy it, why the last sentence: The investment market has entered a period of uncertainty and property is being repriced. Transaction volumes are always low during the summer months, as a result of which, new price levels are not yet established. We expect prime property to remain at or very close to previous levels but secondary property is seeing values falling. We expect to see some good buying opportunities in the coming months."
gsands
23/11/2007
15:28
CR - just topped up with a few. Feel this is too conservative outfit to get into serious trouble. Yield is crazy.
supersturrock
23/11/2007
15:26
moving up on L2 on minimal size trades CR
cockneyrebel
23/11/2007
14:37
Bought 5k this morning, not shown up then discovered it on plus markets with a load more trades http://www.plusmarketsgroup.com/details.shtml?ISIN=GB0003425310/GBP/PLUS-exn
johnv
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