Property Franchise Share Discussion Threads

[martinmc123] 30/1/2025 13:01

5*
The Property Franchise Group PLC, the UK's largest multi-brand property franchisor, issued a strong trading update for the year ended 31 December 2024 this morning. As expected the Group reported significant organic and inorganic growth during the year with trading expected to be in line with market expectations. Group revenue increased 146% to £67.2m ...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/TPFG/1187

[martinmc123] 30/1/2025 12:59

5*
The Property Franchise Group PLC, the UK's largest multi-brand property franchisor, issued a strong trading update for the year ended 31 December 2024 this morning. As expected the Group reported significant organic and inorganic growth during the year with trading expected to be in line with market expectations. Group revenue increased 146% to £67.2m (2023: £27.3m), with 52% (£35m) deriving from recurring revenue sources. Management Service Fees increased 76% to £28.3m (2023: £16.1m). These are stellar growth numbers and more strong growth is expected in 2025. The focus for the upcoming period will be on completing the successful integrations...from WealthOracle

wealthoracle.co.uk/detailed-result-full/TPFG/1187

[pireric] 30/1/2025 07:41

A positively toned update, earnings beat likelihood maybe gets pushed into the H1 2025 update. Lettings MSF L4Ls continued at 8% as they were in the interims. Sales MSF LFLs started to accelerate in H2. This stood out with regards to H1 trading.

"We have seen strong demand in January within our financial services business as customers continue to enjoy more affordable rates. The combination of a strong sales pipeline which has increased by 71% to £39.4m (2023: £23.1m) and current mortgage rates give us confidence in achieving a positive H1. "

Eric

[pireric] 28/1/2025 07:40

Foxtons material beat and positive outlook tones for the year ahead. 2% on revenues, 6% or so on EBIT. Expect a similarly positive update at TPFG over the next couple of weeks I reckon. Probably helping push this back towards 450p

Eric

FOXT is now on 14x FY25 P/E
TPFG is on 11.6x, a 17% discount, which is quite hard to justify

[pireric] 27/1/2025 07:35

Also would expect an update from Foxtons tomorrow, which should also be quite positive given the noises their management team have been making over the past couple of months. That should be a bit of a read across

Eric

[pireric] 23/1/2025 13:46

Mortgage Advice Bureau MAB1 update well received today around the health of the overall market as well. Would expect a positive update from TPFG over the next fortnight which I think will be well received.

Eric

[svend2] 10/1/2025 22:14

I agree 100% now we need to see the price action close above 430 indicating outside market demand/support and heading towards 500 and beyond AGW.

[rogash] 08/1/2025 12:46

4 director buys at the end of the financial year is pretty significant.

[dan_the_epic] 06/1/2025 20:34

Ready for the next leg up. 500p target IMV

Great story if they keep on with accretive acquisitions to drive chained earnings power every year fuelled by free cash flow. Extract the major synergies. Director buy cluster @400

Winkworth a sitting duck?





9.33am this morning from the Guardian



Guy Gittins, chief executive of Foxtons, echoed her comments, and painted a positive outlook for the property sector.

He said the estate agency chain’s under-offer sales pipeline is at its highest since the EU referendum in 2016.

I reflect a very similar positive outlook on on the year ahead, particularly when you look at the sales and lettings markets still recovering from what happened with the Covid shock and the budget of 2022 the market, we know for sure the sales market will be considerably better in 2025 than it was in 2024.

Each time we see even, even a small interest rate reduction brings with it a wave of new buyers being able to come back into the market. So we start at the start of this year with great momentum. We’ve seen our under offer sales pipeline – that’s the number of sales that we’ve placed into solicitors hands – the value and the volume of that pipeline is actually at its highest rate since the EU referendum.

[eve kay] 13/12/2024 19:07

I cannot for the life of me understand why PFG did not step in and avoid all this publicity? Northwood is a PFG brand

A quote from a local newspaper covering this story, it has also been quoted on other sites:

The business behind a branch of estate agency Northwood in East London is reported to be going into liquidation after closing its office doors.

The Romford franchise has shut up shop and its website is redirecting customers to the Southend-on-Sea branch while its telephone number is going unanswered.

And local landlords claim they are owed rent payments, the Romford Recorder reports.

PAYMENTS STOPPED

Landlords tell the newspaper that their regular monthly payments have been delayed before they recently stopped altogether.

One property owner, who has used Northwood for 20 years, said the experience was “hell”. And another landlord said he had been left “in the lurch” by the closure of the branch.

“I was quite lucky that I’ve got a relationship with our tenants, so I’ve managed to sort something out with them,” he said.

“If there had been an issue with the property like a leak, they wouldn’t have anyone they could have contacted, because they shut their Romford office.”

RECOVERY PLAN

A spokesperson for Northwood head office told the Recorder that it is “supporting a recovery plan”, which will address any arrears owed to clients.

“While Northwood GB does not exercise day-to-day control over the conduct of its franchisees’ businesses, it deeply regrets the distress and inconvenience the company’s difficulties will have caused to those affected.

“At this early stage in the process, efforts are underway to contact landlord clients of the company, with the priority being to assist and support them in liaising directly with their tenants.”

[eve kay] 13/12/2024 11:32

Northwood Romford branch goes bust leaving clients out of pocket

hxxps://thenegotiator.co.uk/news/agencies-people-news/london-agency-goes-bust-leaving-landlords-in-the-lurch-northwood/

[melloteam] 29/10/2024 11:33

TPFG will be at Mello 10 Year Anniversary, the annual flagship in-person investor event in Derby.
To celebrate our 10th anniversary, Mello are returning to Derby on Tuesday 19th November & Wednesday 20th November, back where we first started, at the Derby Conference Centre, on the edge of the Peak District.
The two day investor conference will include 12 top quality keynote speakers such as Gervais Williams; Peter Pereira Gray; Ben Rogoff; Rosemary Banyard; Twin Petes Podcast and many more! The event will also feature over 40 companies and educational workshops and panel sessions.
Get 50% off your ticket with code MMTADVFN50

[eve kay] 29/10/2024 08:12

Even more sold by Brook today, PFG’s mortgage director

[svend] 23/10/2024 21:31

Rachel the Tax Theves who let them P I R A T E S in?

[dan_the_epic] 23/10/2024 06:59

3 letters

C G T

[eve kay] 23/10/2024 06:55

Today’s selloff by the mortgage director is not going to help. First, the CFO sells down and a new CFO with no AIM experience is appointed. Next, the CEO issues more and more options. Now, the mortgage director is selling off at 415p.
This lot is starting to worry me.

[mello2024] 03/10/2024 18:55

Just to let shareholders and prospective investors know that TPFG will be presenting & exhibiting at Mello's 10 year anniversary show on Tuesday 19th November 2024 9am - 7pm.

We have created a two day investor conference that will include 12 top quality keynote speakers, 8 educational workshops and panel sessions, 40 exhibiting companies plus over 60 company presentations for investors to evaluate and understand their current or future investments. Tickets are still available:

[davidosh] 23/9/2024 09:01

TPFG are on the Mello show tonight as they will be featured on the BASH session

Programme
5.00pm Paul de Gruchy with ‘DG19: Everything’s gone wrong. Who is responsible?’
5:30pm Company presentation from Warpaint
6:00pm Company presentation from Windward
6.30pm Educational Presentation
6.50pm Company presentation from Van Elle
7:20pm BASH Panel – Kevin Taylor The Property Franchise Group (TPFG) and Mark Simpson Billington (BILN)




Get 50% off your ticket with code MMTADVFN50
More info:

[loglorry1] 20/9/2024 10:15

Is TPFG affected by goings on at MAB1 and this FCA review? They did have some exposure via the mortgage advisors inherited from Belvoir.

[stewpot3] 16/9/2024 15:54

Thought it would drift but not all in one day. Think a few were panicked into selling when they saw profits evaporating after the recent run. The fundamentals are still there, so still a long term hold for me. Maybe just a tree-shake.

[melton john] 16/9/2024 11:41

I just bought a few more look like sells.

[stewpot3] 16/9/2024 10:59

Always thought this would drift after results, hopefully there should be resistance around the 450 mark. Lets hope they announce another aquisition soon.

[melton john] 10/9/2024 13:48

Still here, still happy. My limit buy before the results didn't work, didn't drop low enough or I would have a few more.

[loglorry1] 10/9/2024 11:57

Steady as she goes. A big position for me and quite happy with it.