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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 08:00:26
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 626 to 650 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
02/9/2016
09:03
I'll try to make it from Leicestershire Glen
profdoc
01/9/2016
21:50
AGM will be on 28th September at their normal HQ location and the normal early time of 9am (unhelpful to shareholders who live outside of London area).Hope to see (even) more shareholders attend this year.
norbert colon
30/8/2016
22:28
Looking perky recently; hope it continues. Goes xd in 10 days for 1p.
deadly
18/7/2016
23:00
Encouraging news of Wells Fargo buying office block in City of Londonhttp://www.bbc.co.uk/news/business-36826974
norbert colon
12/7/2016
12:49
I was encouraged by "the year well and have completed the sale of over £50m of office and industrial investments" in the outlook statement. David Fletcher has not come across to me as someone who guilds the lily and hence the very presence of anything positive looking forward into 2016-17 is good to hear. Clearly uncertainty is not in the businesses favour but property assets will still need to be managed and transactions will pick up once there is more clarity re: Brexit.They remain a long term hold for me.
norbert colon
12/7/2016
11:43
Solid set of results largely as expected.I suspect FY 2016-17 will be challenging to say the least.Market sentiment towards commercial property significantly weakened since board made further substantial investments into its SHIPS vehicles.Diminution in value of these investments seems more likely than any further gains.Must be considered high risk given all of the uncertainties.
longinthetooth
12/7/2016
10:41
Very quiet here, but excellent results today: Basic and diluted earnings per share of 11.51p (2015: 3.90p) The underlying business continued to perform well with all departments performing much in line with last year. Valuation instructions increased significantly, reflecting increased bank lending to the commercial property sector. The Valuation Office has again slowed down settlement of Rating Appeals which affected turnover, but we still settled some significant assessments.
deadly
22/12/2015
14:52
Well done longinthetooth Hit the nail right on the head.
churchill2
22/12/2015
10:12
The main problem here is that the board are not at all interested in building long term value.In good years they will reward themselves handsomely and pay a decent dividend no doubt but in more challenging times it will be the dividend that gets cut not their basic remuneration packages.I have followed this stock as closely as anyone over the past 15 years and the board have had ample opportunity to build a much stronger balance sheet than presently exists but time and time again taken out the lions share of the pot.DF could have significantly increased his stake in the business at prices well below 30p on many occasions but has declined to do so.Share purchases by DF in the past 15 years-zero.Share buy backs,although I am not a great fan, in the past 15 years-none that I am aware of.This one should have been taken private many years ago.
longinthetooth
19/12/2015
18:21
you are of course correct perhaps i should bank a profit and move on
bisiboy
18/12/2015
10:33
We all know that the staff will grab a high proportion of the value created. But consider this: After their grab: Operating profit from normal business in six months: £582,000 Profit on sales of SHIPS 14: £590,000 PAT £945,000 NCAV: £3.8m (with cash of £4m) MCap: £4.4m Glen
profdoc
18/12/2015
10:15
My view is that as an investor, if you are not happy about something then speak to the Board and if you are still not happy move on as there are plenty of other opportunities. I was very unhappy about Board pay at Norcros (NXR) and hence sold - problem solved; similarly I have avoided WYG (even though I like the niche offering) as I just don't like the Boards apparent underlying greediness. FLK has been a very good investment for me to-date and I plan to remain a Shareholder until such time as the story changes. Seasons Greetings to all.
norbert colon
18/12/2015
09:06
Norbert, thanks for your comments and I noted the response from the board at the time I don't think this has been handled well at all they should never have increased the dividend to only cut it again the following year as for the latest results it would have been better to pay a 7.5p special last year and a maintained 1.5p interim. the only message I can read into this is that they view the longer term profitability of the business to be able to sustain the lower dividend but not the higher one.
bisiboy
18/12/2015
07:53
Interesting to see the effect of a few negative posts plus some minor selling in such an illiquid share. Five sales of about 10,000 shares since results and the price falls by nearly 25% in 36 hours! This is not a share for daytrading. At the current sell price of 46p the company is valued pretty much at cash: £4.24m against £4.07m. Since the £4.07m is left after whatever has been paid in employee bonuses, I can't get too worked up about the latter. It's about the same as we shareholders got in the special dividend, without doing any of the work.
westcountryboy
16/12/2015
15:05
Blimey are they still at it Go back to post 339 in 2007. The share price was near £1 then.
churchill2
16/12/2015
12:26
Wonderful set of results only marred by the directors approach to their own remuneration packages.Special Dividend and its timing clearly a device to pacify unruly shareholders!All shareholders need to accept this is a private fiefdom hiding behind a quasi listing which is tantamount to a matched bargains market.As any sophisticated investor will appreciate the Capitals property market whether commercial or residential is NOT a one way ticket and is in all probability in the advanced stages of a bubble.The Provinces will not be able to fully compensate for any tangible downturn in the South East.
longinthetooth
16/12/2015
10:12
Employee benefit rose nearly 800k from last year. That is effectively directors taking huge bonuses. Shocking that the scumbags have taken more out in bonuses than the company made from the recent disposal. I wonder whether their policy would work in reverse if they made losses.
horndean eagle
16/12/2015
09:42
Bisi The divi was 0.75p in the HY for 2012 and 2013 and then in 2014 they hiked it to 1.5p. At the last AGM the topic of dividends was discussed i.e. hiking it and then cutting it and the point was made that investors would prefer a smooth / progressive dividend policy rather than up and down like the proverbial yo-yo (special divis excluded of course). The 1.0p for 2015 is the BoD continuing to be conservative with their cash management although I agree that they could easily have left it the same at 2014 given the strong balance sheet. I suggest you raise this to the Board for their comment.
norbert colon
16/12/2015
09:11
why the dividend cut?
bisiboy
16/12/2015
08:59
Interims out.Look excellent to me.
mac_steven
11/12/2015
13:36
Investors may be interested in my brief commentary on the London Commercial Market from the WTM AGM today: http://uk.advfn.com/cmn/fbb/thread.php3?id=2267090 Also some interesting commentary from Deloitte: hxxp://www2.deloitte.com/uk/en/pages/real-estate/articles/crane-survey.html My perception is that concerns over the London market need to be listened to, but at present there is no specific cause for pessimism. I look forward to seeing the HY report which should be out in the next week or so.
norbert colon
01/12/2015
15:56
Prof These are a few extracts of publicly available (and current) info I have found on the commercial sector: "Tenant demand continues to drive forward commercial development, particularly in the City of London.... ....in London, the West End continues to reinvent itself including St. James Market which provides 31,000m2 of mixed use retail and commercial space in two significant buildings between Haymarket and Lower Regent Street .....availability falls to 14 year lows......active demand... ....commercial development now commencing outside London in Birmingham and Manchester" That said I think its right to be little cautious as I think London is at the top of the cycle (outside London still growing) and other sectors such as retail have more promise going forward.
norbert colon
01/12/2015
14:48
In liking this company. Hopefully I'll buy soon
drmaccers
01/12/2015
12:02
Thank you, Norbert, Also, I'm starting to wonder if the caution on the London commercial property market exhibited by the directors of FLK at the AGM was somewhat misplaced - I'm getting the impression it has taken off again. What do you think? Glen
profdoc
01/12/2015
08:30
I see Begbies Traynor (BEG) have just announced an acquisition of Taylors Business Surveyors and Valuers ("Taylors") for a maximum consideration of £1.85 million.In the financial year ended 31 March 2015, Taylors reported annual revenue of £1.5 million and pre-tax profits of £0.2 million. It had gross assets of £0.6 million as at 31 March 2015. http://www.investegate.co.uk/begbies-traynor--beg-/rns/acquisition/201512010700084681H/ Note that gross assets are only 40% of sales compares to FLK where gross assets (GBP 5m) are 150% of 2015 sales.
norbert colon
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