Fletcher King Share Discussion Threads

[rivaldo] 28/11/2005 20:16

Surely a brief mention like that wouldn't be enough for a move like this? I know FLK isn't that liquid, but there were only just over £30k of shares traded today.

My feeling is that with the interim period end behind us those who know the company have started to build their holdings up. Which probably means we'll get an RNS tomorrow!

[meshiey] 28/11/2005 15:38

was mentioned in IC at the weekend saying it is good value

[kroberts] 28/11/2005 12:50

Robbie Burns likes this a lot and has done for a while.

[rivaldo] 28/11/2005 12:30

FYI from Property Week dated 4th November - a nice little deal for FLK:

"Close Brothers has acquired £7m of office investments for Active Commercial Estates at Leeds Business Park from Bilsdale Properties. The acquisitions reflect an average net initial yield of 7.65%.

The Antler Complex is a small development of five semi-detached office buildings totalling 26,371 sq ft (2,450 sq m). The property is multilet on terms ranging between one and 10 years. It produces £335,894 a year. Fountain Court is a 17,819 sq ft (1,655 sq m) office building generating £234,589 a year.

Strutt & Parker advised Close Brothers; Fletcher King acted for Bilsdale."

And also from June:
"Tiger has also bought the freehold investment of Alwyn House at 31 Windsor Street, Chertsey in Surrey, from private clients of Fletcher King for £5.32m, reflecting a net initial yield of 8.25%."

[jwe] 28/11/2005 11:23

The other possibility is a takeover-even after todays rise the historic p/e is less than 13 with £1.9M in the bank-that could prove very tempting to any predator.

[cockneyrebel] 28/11/2005 10:45

A nice surprise this am - still got a few of these in the pension - never saw it tipped anywhere

CR

[dm39] 28/11/2005 09:37

I heard it was tipped in the weekend papers but not sure where?

[jwe] 28/11/2005 08:37

rivaldo-a trading statement is certainly one possibility.An overhang may be cleared(Friday)but for this sort of sharp move up it must be accompanied by a large buyer imo.Either way this looks good currently.

[rivaldo] 28/11/2005 08:27

Clearance of an overhang maybe jwe? Or maybe even a trading statement coming up? The one issued before the finals was the first in years, and we're now well past the 31st October period end, so anyone who's got an insight into the business might well be building positions.

[jwe] 28/11/2005 08:08

Any reason for the price hike?

[bigbigdave] 28/11/2005 08:07

looks ready for lift off. at last!

[rossco] 26/11/2005 18:57

perhaps a bit hopeful ... but an interesting price movement on sale trades.

[peladon] 25/11/2005 17:36

BREAKOUT!!!!

:-)

[rivaldo] 16/11/2005 21:26

Lots of articles in the press about how well commercial property is doing at the moment. Interims in January are getting closer - in this market FLK should be doing extremely well. And with £1.9m of cash (40% of the market cap) FLK have the asset backing to cover expansion either organically or by acquisition.

[lauders] 09/11/2005 11:39

Most of the time this company's share-price has flat-lined it has subsequently gone and increased when the next movement appeared. Will it do the same this time when it moves or will ydderF's negativity rule and the market mark it down? Guess we shall have to continue waiting until something happens, but patience certainly appears to be the key with this one.

[ydderf] 24/10/2005 17:06

Unlikely - think why it's called what it is and then check the name of the CEO......what is money compared with running your own quasi private company masquerading as fully LSE quoted? Its been small for at least a decade - the t/o has hardly changed in all that time and the assets walk out of the door at the end of each day.....look elsewhere my dreamy friend!

[meshiey] 24/10/2005 11:23

any thoughts on FLK being taken over by one of the larger players?

[cambium] 17/10/2005 15:37

Cheers for that Rivaldo

[cockneyrebel] 17/10/2005 15:36

RSI now looking low so should get a spike soon meshiey, just wait a small while - when it moves up it tends to be pretty sharp.

CR

[meshiey] 17/10/2005 15:34

common...... need some kind of positive statement from the co. in order to drive share price higher. anyone know what forecasts are for current year?

[rivaldo] 12/10/2005 14:22

All looks well in the commercial property world according to this investment agent/consultant (hope he doesn't mind me copying his post here):


"There continues to be a huge weight of money entering the commercial investment market which shows no sign of abating. New funds, both general and operating in specialist sectors, are being established virtually on a weekly basis. Practically all are supported by some form of debt finance or are part of a joint venture with a financial institution.

As a result property yields in general have edged even further down, IMHO, since my last post in the face of extremely competitive bidding for assets. Institutional investors, particularly those with retail funds are seeing extremely large cash inflows (tens of millions per month), putting them under huge pressure as the money has to be invested. Principally competing with them are large numbers of private investors, both UK and overseas.

My contacts involved in valuations for loan security have seen a huge increase in their workload of late. Interestingly, much of the work has not been for 'new' investment property but rather re-valuations of property acquired 2-3 years ago for re-financing purposes.

Property investors are a famously secretive lot so it would be extremely difficult to establish just what the purposes of the re-financing exercises are, though I would venture that a proportion of it is for releasing capital for further investment (MEW by any other name!)

I'm not really big on stats (sorry KoN!), though Investment Property Databank are the 'benchmark' in the marketplace, producing the figures fund managers aim to beat:-

www.ipdglobal.com.

It is difficult to see an end of the current bull run in commercial property, particularly as investors appetites are undiminished in the face of the relatively gloomy economic news and with no sign of a tightening of credit lines by financial institutions.

That said, IMHO primary and secondary yields are unlikely to fall any further from their current historic lows."

[meshiey] 12/10/2005 12:38

nope - just saying that i'd bought some but the trade hasn't shown up. easy as that really.....

[soggy] 10/10/2005 20:56

Yes - what's with this no trades showing but it's still marked down by nearly 3%?! And you say you bought some - so does that mean someone sold more than you and that hasn't been shown either????

[meshiey] 10/10/2005 17:00

agree with u all. just topped up witha small purchse of 1800 shares but it does not show in trades!!! special dividend in the making?