Thanks for your words re the other share! Was out all pm and evening, so didn't see the action there or here. Initial thoughts on our RNS - I've done quite a bit of new build development, as a very rough rule of thumb, development works on 1/3 for land cost, 1/3 development cost and 1/3 profit. So 98 units at 300k sale on average (ish) should be almost 10mln profit. 40% to FRM makes them c.4mln to me. Not a bad deal is it? FRM deserved to have a decent rise today - maybe it will come tomorrow as so often happens!
A lot of money once all sold and 40% of profit , still looking at several millions, a little disappointed the share didn't move much today but dipped, hopefully over the comming weeks will move north again as its done over the past several months
As at 7 July 2015 the majority of units in the development had been reserved. It is anticipated that approximately half of the units will be completed by the end of August 2015 and the balance completed by the end of September 2015
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