The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.... a big price jump, but I'm in now anyway.
Tipped again in today's ST column. Reckons estimates will be surpassed in forthcoming trading update, and says his 56p target price is now likely too modest! Great share.
ST has re-iterated his BUY stance today in the IC hence the pick-up in trades.
have any thoughts on this company? Followed an ST IC mag tip and naturally it's falling...
Looking better now, might have called this wrong last year
The complete text is over the maximum 3000 characters allowed here, but if you migrate to the ADV*N FPO board the full article is available
All debt is ring fenced to its entity ( individual properties ) to which its secured, not to the parent company First Property Group. As were in a very low interest environment for the foreseeable future im not in the least bit concerned in respect of the loans, gearing used properly can substantially enhance shareholder returns.
Cash-flow better than 6 months ago but the trend is still terrible. Liabilities increased by £7-8m in the 6 months. Loans due in the next 5 years around £50m. This whilst interest rates are at record lows...
Return to development activity in the UK generating a non-recurring contribution to earnings of some £3.8 million;
So am I, results don't come much better than these but I am eager to see what I.C cay this week, as it has been one of their hot favourites for some time. A>T>B.
so I'm very surprised by the muted reaction!
http://video.ft.com/3516622583001/UK-commercial-property-market-what-next-/Markets
Due in June I think....if last years timing is to go by.
Due in April, I am sooooooooooooooooooo looking forward to that day, to watch the fireworks with the sp, anybody else agree?
Interesting!
Sale of Woking office property by the Group First Property Group plc (AIM: FPO), the property fund management group, is pleased to announce that it has unconditionally exchanged contracts for the sale of the office property it acquired in Woking on behalf of the Group earlier this year. The property was acquired at a total cost of £2.46 million and the sales price agreed is £6 million in cash, generating a gross profit for the Group of some £3.1 million, after the deduction of sale costs. Completion of the sale is due to take place on 18 December 2013. Proceeds of the sale shall be used by the Group to invest in the development of its business. Following the sale the Group's cash balance will be approximately £14.0 million, of which some £7.2 million is held within Fprop Opportunities plc (FOP). The cash balance of the Group at 30 September 2013 was £10.6 million. Commenting on the sale, Ben Habib, Chief Executive of First Property Group, said: "This has been the Group's first development project in the UK since 2003. Having secured planning permission for conversion to residential use, we are pleased to be able to realise a significant profit on our investment, which demonstrates the Group's flexibility and breadth of expertise across the spectrum of property markets."
Bulls say buy. Investors Chronicle (last week) once again says buy. So, I bought.
Investors Chronicle – The ideal AIM portfolio, by Graeme Davies & the IC companies team Ten page article in which First Property Group shares are tipped as one of six hot “income picks" for 2013/14 - http://www.investorschronicle.co.uk/2013/10/17/shares/news-and-analysis/the-ideal-aim-portfolio-OMuUTBDCWGYuyHFIn6QnxM/article.html
F. Times has this as a buy, target of 21p.
Looks like another year of 17-20p range. I'll hold for the yield.
relevance to FPO?
Northcote Energy says Big Hill #1 will be a 'big contributor' to cash flow Randy Connally, CEO of Northcote Energy (LON:NCT), tells Proactiveinvestors there should be a six-month payout on the Big Hill #1 well in Oklahoma's exciting Mississippi Lime formation. He says it is likely to be a 'solid contributor' to cash flow. http://www.proactiveinvestors.co.uk/companies/stocktube/2026/northcote-energy-says-big-hill-1-will-be-a-big-contributor-to-cash-flow--2026.html
"Our earnings have been impacted by these macro-economic conditions, most notably as a result of a weakening Euro and our decision last year to suspend investment purchases in Poland. We are now in the process of acquiring a number of new properties on behalf of FOP, which should result in earnings growth in due course."