Fletcher King Share Discussion Threads

[tomboyb] 02/7/2021 13:00

Elliott Bernerd, 60, a Londoner who left school at 15 with no qualifications, has been a giant of the UK property industry for 30 years. Chairman of the group Chelsfield Partners, he features 217th in the current Sunday Times Rich List, at an estimated worth of £277 million.

He is 76 now but worth a few quid -

Big bucks -

[bluemango] 02/7/2021 12:22

Thanks for the swift reply. Funny how a stock like this can be moribund and unexciting for years (dividend used to be decent enough to hang on for) and then something like this comes along.

[norbert colon] 02/7/2021 12:17

Yes I still take a look in here although I don't currently hold the stock. I'm not totally surprised to hear about some form of Corporate Action. A very solid well managed business but shouldn't really be listed. Met a rep from the long standing major shareholder at the AGM one year. Good luck!

[bluemango] 02/7/2021 12:14

Has anyone else got anything on this story?

Norbert - are you still around? You seemed to have long standing connections with Fletcher King.

[bluemango] 02/7/2021 08:47

#683 That still leaves another close to 10% to acquire somehow ...

And that's assuming District & Urban are willing to sell - having held for yonks.

[bluemango] 02/7/2021 08:46

Story hasn't really been picked up online as yet.

Here's Eliot Bernerd of Chelsfield:

[sea7] 02/7/2021 08:35

probably go after district and urbans 20.49% holding

[sea7] 02/7/2021 07:59

no problem bluemango

[bluemango] 02/7/2021 00:04

Wouldn't you normally expect an RNS if there's an expression of interest like this?

And I understand the free float here is very limited, so where would that 29.9% stake come from, and at what price?

Interesting times ...

[bluemango] 01/7/2021 22:54

Ah, that explains the sudden interest!

Thanks sea7.

[playful] 01/7/2021 20:21

I bought into this earlier this year on the back of their SHIP business model and the passing of the baton to the young bucks, so I reckon with the bread & butter valuations business as recurring revenue they have a firm foundation to build on.

[bluemango] 01/7/2021 10:06

If they follow their normal schedule, final results could be in a couple of weeks' time; however last year's (presumably because of Covid) were delayed until Sept.

[llwynypia42] 01/7/2021 09:58

Intriguing buy at 45p on the 28th june. An insider willing to spend £25k for a quick gain?

[rossco] 01/7/2021 09:38

Yes it does not take a lot buying to move the price.
I’ve been a shareholder for years and happy to hold.
Dividends will hopefully return as the property market improves.

[bluemango] 01/7/2021 09:07

There's that tick up again after a slight retrace. Tiny volume.

I'll carry on talking to myself - only commenting because this seems very, very unusual. I do know the free float here is restricted, so any change is going to be accentuated.

[bluemango] 28/6/2021 17:34

Assuming this wasn't some weird, temporary glitch, this would be the highest level for over a year; since early March 2020.

[bluemango] 28/6/2021 17:28

No news, zero trades - and yet this closes 18.8% up, at 40p bid, 42p offer.

Odd! Other than a worked trade with delayed reporting to come, anyone got a more mundane explanation?

[bluemango] 03/3/2021 13:03

Trading update. The company anticipate a trading loss in the second half, similar to the first. But end encouragingly:

"Looking beyond the end of the financial year, the Company is starting to tentatively see some encouraging signs from clients planning to make investment decisions, and the Company has continued to invest in its people and systems in preparation for the return to more normal market conditions.

The Company remains well supported by a strong balance sheet with no debt."

[rossco] 11/1/2021 19:58

Director of UBS?

[norbert colon] 11/1/2021 19:27

Anyone know who Peter Milne is?