Formation Group Live Discussion

BOWOOD 01 Dec 2016

Delist This shows how the want to be mighty have fallen. Not too long ago they were banging on about the sp soaring and the business being grown. The company has always been family controlled so perhaps the more junior market is more appropriate. The sector is also finding it difficult following Brexit but let's hope it can consolidate and prosper over the coming years.

BOWOOD 19 Sep 2016

Loan Loan extension not good as this will mean more interest and more admin and running costs until units are sold. New developments will be more difficult in current markets so where will the driving of the business come from.?

BOWOOD 03 Jul 2016

Value Once the current development is finished and all fully sold I wonder where we wil go from there. I cannot beleive that a m/c of £11m can be justified. The sp has come up from less than 2p in the last year or so and I fear it will be close to that in a few months time. Not the fault of the company but that is where I feel we will be. Any thoughts?

BOWOOD 19 May 2016

Results Not as good as it looks. This year should be ok with the end of the finance income and sales from the development at Iverson Road; but what happens then?

Wexboy 28 Apr 2016

TGISVP - Formation Group 2016 – The Great Irish Share Valuation Project (Part I):Company: Formation Group (FRM:LN)Last TGISVP Post: HereMarket Cap: GBP 14.3 MPrice: GBP 6.5pAt 2.05p per share, I tagged FRM as a ‘penny stock, which…could rally very nicely if it catches investors’ attention’. Little did I see it trading sideways for a year…only to transform, in a mere eight months, into a bloody six-bagger (hitting a 12.7p high). A typical case of small PIs losing their friggin’ minds!Formation is: i) a governance nightmare, with the Kennedy family owning a 60% stake & activities devoted primarily to related-party deals/JVs, and ii) essentially, a construction management company (a perpetually unattractive business for most investors) that still can’t turn a profit, despite the ramp-up in revenue…and risks. Granted, the Kennedy Show works both ways, as FRM earned a quick £2 million on this related-party deal & the construction business arguably covers an otherwise substantial overhead burn for such a small company. [Though if we exclude the sweetheart profit, FRM’s actually made zero progress vs. my £6.9 million adjusted equity estimate from two years ago]. But overall, considering the improved investor sentiment & likely near-term news/profits from its Iverson Road development, a 1.0 Price/Book ratio now seems appropriate (based on adjusted equity, to reflect the post year-end write-back of non-recourse Dunbar Assets loans)GBP 7.6 M Equity + 1.0 M Neg Equity Reversal) * 1.0 P/B / 221 M Shares = GBP 3.9pPIs got well ahead of themselves here…despite being sliced in half since the Jan high, FRM remains substantially over-valued. And if 6.25-7.25p support breaks, we’ll probably see another nasty shake-out. But the elevated share price may still be good news for management, as a substantial fundraising might be possible, which would help close the value gap here (as NAV would increase) – and with two well-known Irish politicians appointed since as directors, a new focus on Irish investors/projects wouldn’t be surprising, though Greater London residential also remains attractive.Price Target: GBP 3.9pUpside/(Downside): (40)%For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog.

BOWOOD 01 Mar 2016

AGM Bit of a worry when auditors don't get reappointed. Grant Thornton are top draw so why the sacking?

Nige the snake 10 Jan 2016

Re: three of the best cheers will heck it ou

loadsadough 10 Jan 2016

Re: three of the best Hi nige the snake.We are involved with many types of shares on the ACTA board. Why not have a look.Loadsadough

Nige the snake 10 Jan 2016

three of the best Hi I thought i would try an experiment and ask members of this bb to suggest 3 good share tips for 2016. The idea is to post this same message on other bbs where the sp has done well over the last year and give feedback after listing them all on a virtual portfolio. Its not a competition its to get and share information. If I get enough takers I will set up a Facebook Group with all the information received.My three are 1 African Potash,2 Vodaphone,and 3 Hydrodec.

loadsadough 05 Jan 2016

"audited accounts" "audited accounts" on this 5/1015 by the end of January 2016. Recently the sp is going up.FORMATION GRP05 Oct 2015 120:22Formation Group PLCRNS Number : 2323BFormation Group PLC05 October 2015Formation Group PLC("Formation" or the "Company"Trading updateOn 29 May 2015 Formation published its unaudited interim results for the six months ended 28 February 2015. Included within the Company's consolidated balance sheet were loans in relation to two subsidiaries, FG (Bradford) Limited and FG (Bristol) Limited, amounting to, in aggregate, £4.331 million, which were secured against two properties.The directors of Formation are pleased to announce that the Company has now disposed of these properties which were held under a non-recourse funding agreement with Dunbar Assets Plc. The consideration received on the sale of both properties, net of sale costs, will be utilised to settle in full the loan liability referred to above. The directors of Formation anticipate that this will have the net positive effect to the Company's balance sheet of a write-back on the loans of approximately £1.05m.Formation's financial year ended on 31 August 2015 and the Company hopes to publish its audited accounts for this period by 31 January 2016 loadsadough

1to7 09 Dec 2015

share collapse No report from the company regarding the shares collapse. Anybody any idea.

1to7 30 Nov 2015

yearly accounts When are the yearly accounts going to be ready.

loadsadough 19 Oct 2015

Re: FRM Up. Morning roco I shall let it go until it does a Stan chart level S3. That could be anywhere?Loadsadough

roco200 18 Oct 2015

Re: FRM Up. Yes thanks Loads.Good call.How high are you planning to let it go before you jump?

loadsadough 16 Oct 2015

FRM Up. Hello roco I hope you are OK today with FRM.Loadsadough