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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Formation Grp | FRM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.75 | 1.75 |
| Top Posts |
|---|
Posted at 27/3/2017 18:37 by barnetpeter FORMATION GROUP PLC("Formation" or the "Company") Result of General Meeting Formation Group PLC (NEX: FRM), the property development and project management company, announces that at the general meeting held earlier today, all resolutions were duly passed. The directors of the issuer accept responsibility for the contents of this announcement. --ENDS-- |
Posted at 01/12/2016 15:04 by barnetpeter Well someone is buying in numbers here not seen for a year. 5 million traded....Now it couldn't be that directors are all buying today, they announce huge profits, cash dividend and then say the delisting is cancelled. That would not happen......nope. |
Posted at 09/11/2016 12:56 by martincc Get the impression FRM believes it's a private company and doesn't really give a monkeys for the shareholders. I've emailed twice, once last May asking for clarification on some figures then again last week asking if there would be a trading update before the finals. No reply to either of them.Today an update that's a contender for the shortest rns competition. At least it's good news. |
Posted at 29/4/2016 08:28 by barnetpeter I still remain a buyer. The mkt cap s more realistic and why should we ignore the fact that "FRM earned a quick £2 million on this related-party deal"? I sold a load at prices up to 12p as posted on here...that was a bit much but FRM is now approx. £10 million cap and that is quite modest for a London developer with some near sold out projects.Off subject...note hat traf is doing ok from its lows. A bit to go there to get back to placing price and I was selling that at 6p plus..... |
Posted at 28/4/2016 19:15 by barnetpeter Well it certainly dived today....albeit on low vol. Plus the support levels did break meaning we may well see 4.5p shortly."FRM earned a quick £2 million on this related-party deal" does rather help.... |
Posted at 28/4/2016 15:58 by wexboy 2016 – The Great Irish Share Valuation Project (Part I):Company: Formation Group (FRM:LN) Last TGISVP Post: Here Market Cap: GBP 14.3 M Price: GBP 6.5p At 2.05p per share, I tagged FRM as a ‘penny stock, which…could rally very nicely if it catches investors’ attention’. Little did I see it trading sideways for a year…only to transform, in a mere eight months, into a bloody six-bagger (hitting a 12.7p high). A typical case of small PIs losing their friggin’ minds! Formation is: i) a governance nightmare, with the Kennedy family owning a 60% stake & activities devoted primarily to related-party deals/JVs, and ii) essentially, a construction management company (a perpetually unattractive business for most investors) that still can’t turn a profit, despite the ramp-up in revenue…and risks. Granted, the Kennedy Show works both ways, as FRM earned a quick £2 million on this related-party deal & the construction business arguably covers an otherwise substantial overhead burn for such a small company. [Though if we exclude the sweetheart profit, FRM’s actually made zero progress vs. my £6.9 million adjusted equity estimate from two years ago]. But overall, considering the improved investor sentiment & likely near-term news/profits from its Iverson Road development, a 1.0 Price/Book ratio now seems appropriate (based on adjusted equity, to reflect the post year-end write-back of non-recourse Dunbar Assets loans): (GBP 7.6 M Equity + 1.0 M Neg Equity Reversal) * 1.0 P/B / 221 M Shares = GBP 3.9p PIs got well ahead of themselves here…despite being sliced in half since the Jan high, FRM remains substantially over-valued. And if 6.25-7.25p support breaks, we’ll probably see another nasty shake-out. But the elevated share price may still be good news for management, as a substantial fundraising might be possible, which would help close the value gap here (as NAV would increase) – and with two well-known Irish politicians appointed since as directors, a new focus on Irish investors/projects wouldn’t be surprising, though Greater London residential also remains attractive. Price Target: GBP 3.9p Upside/(Downside): (40)% For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog. |
Posted at 09/3/2016 09:09 by mylands p@Don't think that had anything to do with it. The auditors had agreed to put themselves up for re-election, which is contrary to your theory. No, my take on it is 'horses for courses'. GT have all the costs of being No. 5 in auditing terms, far too big for FRM. Down to one left at Norwich House and one under offer. I wonder how Iverson Road is going. |
Posted at 09/3/2016 08:42 by p@ Maybe the auditors did not like the Streatham deal,where the directors lent £2.44million pounds and received £2million back in less than 2months.When is the next divi due??????????????? |
Posted at 01/3/2016 16:16 by mylands Seems to be a 'regular' thing to change auditors by not voting for them to be re-appointed. They did the same in 2014.I suppose one theory could be that FRM, being a minnow of an AIM company, see Grant Thornton as a 'sledge-hammer to crack a nut'. Trading inline with management expectations is a reassuring statement. |
Posted at 08/2/2016 12:56 by barnetpeter I wonder .....FRM can help fund this in its fav area?The development, by Galliard Homes, also includes the construction of a 37-floor tower, shops, restaurants and office buildings. There will be 275,000 sq ft of office space, as well as 412 private sale apartments and penthouses and 400,000 sq ft of mixed use space. The central plaza, located on Curtain Road, Shoreditch, will be one of the biggest in London. The development aslo includes a 19th century railway viaduct, the top of which will be made into a park. |
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