First Property Group Live Discussion

shareordie 04 May 2017

No 1 Again! First Property Group plcFprop retains its No.1 ranking versus MSCI CEE Benchmark First Property Group plc (AIM: FPO), the property fund manager and investor, is pleased to announce that it has retained its position as the best performing fund manager versus MSCI's Central and Eastern European (CEE) Benchmark, now for the eleven years to 31 December 2016. First Property is also the best performing fund manager over the annualised periods from the commencement of its operations in Poland in 2005 to the end of each of the years from 31 December 2008. For the year to 31 December 2016 it ranked second out of nineteen contributors. MSCI is a leading provider of research-based indices and analytics. Performance is determined strictly in accordance with MSCI's globally defined data standards and performance measurement procedures, and is based upon independently verified direct real estate investment performance. Today's announcement follows the recent news that First Property's UK Pension Property Portfolio LP was awarded best "Small Specialist Fund" by MSCI as part of its annual UK Property Investment Awards 2017. The measurement period for the award was over the three years to 31 December 2016, during which time the annualised total return earned by the fund, which is unleveraged, was 8.9%. Commenting on the Group's ranking in CEE, Ben Habib, Chief Executive, said: "I am delighted to have retained our number one spot in CEE for the eleventh straight year. We have no intention of resting on our laurels and will continue to focus on providing consistently high investment returns for clients and shareholders."

shareordie 12 Apr 2017

Award Date: 12 April 2017On behalf of: First Property Group plc ("First Property", "the Company" or the "Group"Embargoed: 0700hrs First Property Group plcFirst Property wins two prestigious awards from MSCI First Property Group plc (AIM: FPO), the property fund manager and investor, is pleased to announce that its fund, UK Pension Property Portfolio LP (UK PPP LP), has been awarded best "Small Specialist Fund" by MSCI as part of its annual UK Property Investment Awards 2017. The measurement period for the award was over the three years to 31 December 2016, during which the annualised total return earned by the fund, which is unleveraged, was 8.9%. In addition, First Property Asset Management Ltd was one of ten fund managers, out of a pool of 95 such managers, to be awarded a Data Quality Award. This award recognises data-management efficiency, governance and transparency. MSCI Inc, is a leading provider of research-based indexes and analytics. The awards, established in association with the Investment Property Forum (IPF), are determined strictly in accordance with MSCI's globally defined data standards and performance measurement procedures, and are based upon independently verified direct real estate investment performance. Commenting on the awards, Ben Habib, Group Chief Executive, said: "I am delighted to receive this recognition from such a respected organisation as MSCI. It is testament to our disciplined investment process and the timely and efficient manner in which we manage properties and report on them."

piw 31 Mar 2017

FPO video CEO, Ben Habib, talks FPO strategy. In a 3.5 mins interview, followed by a longer c.30 mins investor presentation.[link] presentation:Introduction - 00:24Investment philosophy - 01:26History of the company 2001 - 04:10History of the company 2005 - 05:23History of the company 2008 - 07:2History of the company 2009 - 09:19History of the company 2013 - 10:23History of the company 2016 - 12:53Results of thinking from first principals - 15:26Track record - 16:13Looking ahead - 17:22Q&A, changing work habits - 19:32Q&A, London price - 223Q&A, how much portfolio is outside the UK? - 25:21Q&A, leverage - 26:54Q&A, why invest in the UK? - 30:22

shareordie 14 Feb 2017

Another property and another good deal by the looks of it.Some very good moves here of late.I'm sticking right here for the foreseeable as this company makes all the right moves.

shareordie 17 Jan 2017

New fund mandate Not much wording about profit ,but I would imagine the fees will be in line with other funds run by first property.Looks positive,and the market seems to like it.

stann 03 Oct 2016

Sips increases investment [link]

stann 04 Aug 2016

Proactive Article [link] not to like about FPO

Simbrad 09 Jun 2016

Note out from Arden Partners "First Property’s (Fprop) final results reflect the full year benefits of rental income from prior year property purchases but this was more than offset by profit headwinds from the weaker euro of £0.7m and lower one off performance and deal fees of £1.3m (2015: £4.0m), leaving reported PBT down 9% at £7.35m. We note that reported results include a number of other one off items, reflecting the (non cash) IFRS FX treatment of Fprop’s loans and property assets and other costs. Stripping these out, adjusted PBT was £7..." Scraped from Research Tree

catsick 06 May 2016

Re: Back in I see FX as being positive relative to the half year results ( at the interim stage gbppln was 5.75 at 31mar2016 it was 5.41 , the interim fx hit was also down to the euro debt and this fx move was not repeated), and the indication is valuations are also positive , I think there will be a nice boost to the market value nav to maybe around 46p-50p , the asset manager business also has increasing additional bonus value, I think the shares are heavy as pistoia have been offloading some but below 40p these are too cheap and it would make a lot of sense to do a buyback with some of the spare cash on hand ,

Chief Mukuni 05 May 2016

Back in Profits expected to be in line with expectations apart from...adverse FX hit.

Chief Mukuni 28 Apr 2016

20% Price fall...in 2 weeks. Why?....anybody out ther

catsick 23 Apr 2016

Re: Downturn the only reason I can think of for the fall off is that pistoia are selling and there is no liquidity, I think we will see it go back up after the finals are out, which they confirmed should have no nasty surprises ...

cmsl 20 Apr 2016

Downturn Any clues as to the recent drop. Recent forecast for Year End below expectation? Brexit weighing down on this. I'm certain it will come back; great fundamentals with superb management team but would appreciate anyones thoughts.

stann 16 Mar 2016

Re: HSBC Pistonia Fund Yes, it looks like they have taken advantage of the recent dip in SP to increase their stake.Looking forward to a positive trading statement from FPO early April if they follow their normal format. They rarely disappoint do they.

Chief Mukuni 16 Mar 2016

Re: HSBC Pistonia Fund Now increased 14.2%.....Confidence growing