Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Also with ESP being a REIT it is bound by certain rules about the dividend,so the dividend will be 90% of its property income (not capital gain) to maintain REIT status I think.
Personaly I feel the cutting of the dividend as a possitive thing,they have struggled to pay so much and were just about to have fully covered dividend,but I feel cutting it at this stage is wise and hopfully going foward will be reinstated at a sustainable Reit maintaning level.
Yes I think they do have more foreign students, and a bit more upmarket, but In the last RNS they were talking about new bookings having more of an interest in ensuite studio style accommodation (I think self contained) and said 80 +percent off memory of ESP properties were of this style.
I've being buying here hoping for some clarity from government and a recovery in time.
Surely once workers are back and school children are back students will have to go back to university.
Better than expected trading update at this stage of the lock down!
Much better accommodation and self contained studios and en suite accommodation probably helps!
On 12% down on this academic year.
And better than I expected bookings for next!
Students probably staying in accommodation because of lack of quite space at home maybe!
Definitely one to watch for the recovery and lock down easing.
Ive already bought here in the dip, maybe more!
Not long for results here,I'm sure something will be said about recent trading.
Amazon and ebay are about the only place I can get stuff at the moment (DIY etc).
Got to be doing great trading at the moment.
Another day another positive rns,coronavirus isnt stopping FPO from moving forward!
A new lease signed great news for shareholders.
Just waiting for the market to recognise FPO is super cheap!
Well it's very good to see the sale went through, transformational and bringing in wads of cash!
Can't be bad.
It was a bit later than previously said so that could be why the share price has been going down a bit lately.
But this deal should give the share price a much needed boost as it is a rather large amount of money and cash injected at just the right time!
Well added here over the last month as it looks like a good discount,and rarther conservativly run.
a safe play on the recovery from covid
Well looks a great deal, pushes date out, and a better rate, can't be bad
. It's a show of strength in the business really to get this done right now at better rates.
I've bought here quite a bit over the last 3 weeks.
Looks like a great bargain, and I feel once schools and universitys are open again students will feel compelled to go back.
I think pubs and cinemas etc will struggle to get people out again, but education and work should be be different.
It's hard to guess just yet.
But I've had to have some. Just to cheap.
This is a reply on twitter from fpo themselves
"@FpropPlc announced sale of its 50.3% share in CH8, an office tower in Warsaw at €4m premium to its recently assessed market value, generating £3m profit. Completion expected before 31/3/20 after which group cash should rise to £25m / 22p per share. See hxxps://t.co/FvLmwQrwHu."
"The sale was at a 10% premium to its last appraised value and should release €19.6m / £16.7m of net cash after tax and after repayment of the bank loan secured against the property."
For €44m and fpo market cap is only around £55.5m, I think the fpo has said 22p of fpo will be in cash after this sale.
In any case, very under valued and as always great deals just add more value every time.
Well it will be the results slowly sinking in, and Simon Thompson (IC) did an article online Monday (don't know if it will be in the magazine Friday).
But like you say, the difference in NAV and share price is very wide and you have a fund management business as well so it is really undervalued.
They are making progress, sometimes I think it's just nowt fast enough for the stock market investors, but I would prefer steady progress each year than wild progress like 3 steps forward 4 back.
Ben Habib did mention a couple of new deals in the pipeline for the next couple of months, so hopefully they will happen and be earnings enhancing.
https://uk.finance.yahoo.com/news/alibaba-shareholders-approve-stock-split-040200759.html
Fuel is the same price now as when I was a kid. It was 1 hour minimum wage to buy a gallon then and its 1 hour minimum wage to buy a gallon now, or there abouts.
Looks like hilkma or polymetal are much higher up the list.
http://www.stockchallenge.co.uk/ftse.php
Mixed bag really, nice to see AUM up substantially and profits from fund management up considerably. Obviously the Oxford building being empty to partially let has had an effect on the results, but now its 3/4 let things should be better,
The asset management business is building nicely, but is not really reflected in the price.
Dividend is up also, so it seems confidence that they can provide the profits for this increase with current income is there.
So all in all, very good news on the AUM front but a slight profit set back on the Oxford income.
Wow, just did surprise me this morning as I really didn't think AJ Mucklow was up for sale.
London Metric, shares and cash offer, looks like £6.55 total.
That's a fantastic RNS, in fact it's very rare to get a trading statement that says profit is likely to significantly exceed market expectations!
Well chuffed
They might need to up the offer to get enough shares for automatic purchase.