First Property Group Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9104793
HOW MANY OF YOUR STOCKS ARE ON THIS LIST? Four of my favourites are there including No. 28 VALiRx, which completely took me by surprise!

http://uk.finance.yahoo.com/news/aim-stocks-once-again-dominate-102943327.html
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The Mail..
....Some interesting and relevant articles from the Mail On Sunday re- The economy, shares,
interest rates...what next for 2012?
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Markets/Eurozone Crisis
http://www.dailymail.co.uk/money/markets/article-2078156/AIM-market-hit-eurozone-crisis-investors-prefer-play-safe.html
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Credit Crunch-warning
http://www.dailymail.co.uk/money/news/article-2078467/Credit-crunch-How-protect-money-experts-warn-real-possibility.html
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The Next Recession
http://www.dailymail.co.uk/money/news/article-1616085/Economy-watch-Is-Britain-heading-recession.html
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Interest Rates-predictions
http://www.dailymail.co.uk/money/news/article-1607881/Interest-rates-News-predictions.html
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where next for shares in 2012
http://www.dailymail.co.uk/money/investing/article-1619305/Stock-market-predictions-What By dickie3times ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=9104793&action=detail Tue, 27 Dec 2011 21:43:00 GMT dickie3times tag:iii.co.uk,2003:tst.9007862
He relates, I am pleased to report interim results for the six months to 30 September 2011.

Revenue during the period amounted to £4,587,000 (2010: £2,960,000), yielding a 79% increase in profit on ordinary activities before taxation of £2,539,000 (2010: £1,419,000).

Diluted earnings per ordinary share increased by 64% to 1.61 pence (2010: 0.98 pence).

The Group ended the period with net assets of £16.79 million (2010: £15.70 million) including a cash balance of £8.96m (2010: £10.18m).

Dividend
The Board has recommended an increased interim dividend of 0.33 pence per share (2010: 0.32 pence per share) which will be paid on 29 December 2011 to shareholders on the register at 9 December 2011.

By churjones ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=9007862&action=detail Tue, 29 Nov 2011 10:37:00 GMT churjones tag:iii.co.uk,2003:tst.8511577 Created: 8 July 2011 Written by: Stephen Wilmot
http://bit.ly/ngMDTX

1. Alpha Pyrenees (ALPH)
This Guernsey-domiciled investment trust yields an eye-catching 11 per cent. That's thanks to a portfolio of offices and warehouses, mainly on the fringes of Paris, that commands a rental income yield of 8.5 per cent. Add debt at 5 per cent and the dividend yield – which is fully covered – rises even further. Investors have taken a lot of pain since 2008 as the company bought too late and the balance-sheet write-downs have been horrific, but with capital values now rising, new investors could get an attractive return from a rising share price. Alpha Pyrenees' high debt levels are a long-term concern, but need not worry investors now because the loans only mature in 2015, with no loan-to-value covenant test until 2014. A more immediate concern is the outlook for tenancies – at 10 per cent, the portfolio's vacancy rate is relatively high. But that's also an opportunity to boost the income stream if fund manager Paul Cable can find new tenants. And with all existing leases hitched to inflation, some income growth is automatically built into the portfolio.
2. Raven Russia (RUS)
Glyn Hirsch, chief executive of this small-cap property company, calls himself a 'yield junkie'. His obsession with income led him to the Moscow industrial warehouse market, where rental yields currently run at 13 per cent, against a cost of debt of 7 per cent. That arbitrage makes for a very attractive income return in itself. Yet rental growth is also expected to be strong, thanks to strong demand and tight supply. As consumption in Russia grows, consumer goods companies need more and more storage space, and Raven Russia is the country's largest supplier of that space. So it's a relatively low-risk way to play the perennially popular theme of rising disposable income in a commodity-rich emerging market.
There are two ways of getting exposure to Raven Russia – ordinary shares or preference shares (RUSP). The preference shares, most of which are owned by Neil Woodford at Invesco Perpetual, are in effect bonds with a yield of 9 per cent. They move from the Alternative Investment Market (Aim) to the main market this month, meaning they can now be put in individual savings accounts (Isas) and self-invested personal pensions (Sipps). The ordinary shares come with a lower yield – about 5 per cent based on this year's expected payout – but will capture the rental growth. They also look cheap on a 12 per cent discount to NAV.

3. Axa Property Trust (APT)
The attractions of Axa Property, another Guernsey-domiciled investment trust, are two-fold. First, it has a well-covered dividend yield of 6 per cent that will keep returns ticking over even if the share price remains flat. Second, it trades at a 32 per cent discount. That's for a reason – the company is uncomfortably close to its debt covenants and is still in renegotiations with its banks. But when it sorts out its debt profile, as it is expected to within the next few months, sentiment should improve. And even if the discount closes to 20 per cent, investors will be sitting on an 18 per cent return. Growth in NAV is not a given, but valuations have stabilised and should be underpinned by the portfolio's 59 per cent exposure to Germany. In April the company sold a German retail warehouse for 19 per cent more than book value, suggesting a cautious attitude to valuation.
4. First Property Group (FPO)
We have long admired this Aim-listed property fund manager, which again figures in this year's small-cap income portfolio. Three-quarters of the properties it manages are in Poland, making it a concentrated play on a nation that combines economic buoyancy with high-yielding property markets. And First Property knows the market well, having invested there since 2005 and consistently ranking top in industry league tables. Polish retail sales grew by an amazing 18.6 per cent in the year to April By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8511577&action=detail Fri, 08 Jul 2011 18:47:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8451073 ')" target="_new" rel="nofollow">http://www.weekendcitypressreview.co.uk/subscriber/company/id/518
25.06.2011 - Tip Bits


Buy HSBC at 609p; attractive for its 'decent yield' and exposure to fast-growing Asian markets.
Buy WS Atkins at 737p; lowly-rated in spite of its recovery potential and strong reputation.
Buy Goldplat at 11p; the mining and exploration projects on the cards have the potential to transform the gold miner and justify a doubling of the share price.
Sell Betfair at 783p; looks vulnerable to increased competition and regulatory uncertainty.Updates: Charter, tipped on 7 January 2011 at 830p, now looks only fairly priced at 584p.
Supergroup, recommended as a sell on 7 April 2011 at £14.68, is fairly priced at 831p.
Greka, tipped on 9 June 2011 at 22p, is high enough at 45p.
Tip Bits: Keep buying Development Securities, 219p, Modern Water, 48p, St Modwen Properties, 187p, United Business Media, 523p, and Digital Barriers, 176p.News Tips: Newly-listed 3Legs Resources is worth watching for the potential from its pioneering horizontal shale gas drilling.
Keep buying Rolls-Royce after it emerged a clear winner from the Paris Air Show last week.
SABMiller is no better than fairly priced as the move for Foster's looks a deal too far.
Keep buying Jupiter Fund Management, 247p, for its 4.7% yield.
TEG Group remains a speculative buy for a rebound once it sorts out the Manchester waste PFI contract problems.
Keep buying New World Resources, 918p, after it was given the go-ahead for the Debiensko coking coal project in Poland.
Misys, 410p, offers short-term good value on current bid talks bearing fruit. Feature Tips: Graeme Davies identifies six high-yielding small-cap stocks for his 2011 portfolio: 4imprint; Albemarle & Bond, City of London Investment Group, Dealogic, First Property and Interior Services.
Malar Velaigam suggests taking a punt on three companies which have recently issued profit warnings but remain speculative recovery plays: PACE, Alterian and Micro Focus. Funds Tip: Buy Newton Asian Income Fund, 1.60p, for long-term growth with high-risk. Brokers' Views - CSR: Matrix (Buy), Espirito Santo Investment Bank (Buy); IC View: Fairly priced.
Rio Tinto: Deutsche Bank (Buy), Macquarie Bank (Outperform); IC View: Buy. Results Tips: Buy Halma, 395p; Buy RPC Group, 355p; Sell Assura, 42p; Buy Creston, 108p; Buy First Property , 23p; Buy Circle Oil, 33p; Buy Wynnstay, 358.5p. Trading Tips - ARM Holdings: Robert Craig at www.mbcapital.co.uk says go long at 550p-555p with an eventual target of 600p.
Catlin: Will Burn at www.tradenet.co.uk says buy at 422.76p, targeting 435.44p.
Eurostoxx: Mark Sturdy at www.sevendaysahead.com thinks the bears are gaining ground, so the minimum target on the downside is 2,591.
Silver: Ragu Dharmaratnam says the price is on the rise once more, ready for an assault on US$39.60. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8451073&action=detail Sun, 26 Jun 2011 21:33:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8434278 (a) The Rhine Palantine volcano explodes
(b) The EU implodes
(c) All the good poles come to the UK
(d) Russia invades the former satellite states
(e) BH gets a severe gambling addiction or falls of his yacht

DYOR By Hlp4u ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8434278&action=detail Thu, 23 Jun 2011 00:52:00 GMT Hlp4u tag:iii.co.uk,2003:tst.8432729 http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8432729&action=detail Wed, 22 Jun 2011 17:55:00 GMT th3soul tag:iii.co.uk,2003:tst.8424455 21/06/2011 Ben Jaglom
http://www.growthcompany.co.uk/news/1631993/first-propertys-polish-hopes.thtml


Property fund manager First Property (FPO) is hoping that Poland's economy will deliver further growth, reporting a 13 per cent increase in pre-tax profits for the year to June.

The AIM-quoted concern, which both invests directly in property and in a number of funds, declared pre-tax profits of £2.95 million on revenue of £7.1 million (2010: £6.5 million). The group's two holdings in Poland are the 'Blue Tower' in the business district of Warsaw - valued at $18.4 million and another property in Warsaw valued at £2.8 million. The company note that the 'Blue Tower property in particular has proven to be a very profitable investment.' Funds in which it holds a stake include the UK-focused '5th property trading' in which it holds 37.8 per cent and Regional Property Trading, a fund of which it owns 28.6 per cent.

Speaking to Growth Company Investor, CEO Ben Habib remarked that the increase in profits primarily arose due to the rise in FPO's assets under management, which climbed from £300 million to £366 million. Regarding the future of Poland, he drew attention to the recent troubles Greece is experiencing with its debt, arguing that 'much would depend on what happens with the situation in Greece.' However he was keen to enthuse that Poland is a country 'with strong consumer growth' and is in a 'different position to many of the other countries in Europe', opining that the country has the 'seventh largest economy in Europe.' Looking forward, he identified growth as coming via further opportunities in the Eastern European nation.

Following the results, analysts at house broker Arden Partners updated their forecasts. The broker is forecasting pre-tax profits of £3.5 million on turnover of £9.7 million in 2012, climbing to profits of £3.7 million on revenue of £10.2 million in 2013. A dividend of 1.09p and 1.12p is forecast for 2012 and 2013, respectively, while EPS of 2.3p and 2.4p are also pencilled in.

While numerous Eastern Europe-focused property concerns have had a disastrous recession as countries such as Romania and Bulgaria have failed to fulfil expectations, Poland has bucked the trend of its neighbours, growing at a respectable pace each year and attracting numerous investors. However the nerves around Greece and the long-term future of the Euro - two situations that remain unresolved mean that we rate the shares as a speculative buy.

Tags: Ben Habib, Investing in Eastern Europe, Investing in property funds, Polish Property

Sector: Real Estate

Companies: First Property By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8424455&action=detail Tue, 21 Jun 2011 12:24:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8316463 You are certainly putting a lot of work into your posts,and not just on this board, all with very interesting information and resume of facts. FPO is well run company with a lot going for it, if you believe as i do that Poland has a lot of wind left in it's sails for development, not just in property. Ben Habib has a strong grasp on the markets generally, selling investments the uk prior to the falls and buying in Poland etc. Many individuals with vision and entrepreneurial skills have gone before him,personally i see this man as one of those who will remain in your mind for solid future investments,with solid related returns, whilst limiting the risk. Still a buy even if Investors Chronicle agree me.DYOR By churjones ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8316463&action=detail Fri, 27 May 2011 13:04:00 GMT churjones tag:iii.co.uk,2003:tst.8291565 ')" target="_new" rel="nofollow">http://www.growthcompany.co.uk/features/1625358/brokers-views-arden-partners.thtml

23/05/2011 Miles Nolan

Analysts Chris Thomas and Graham Webster are impressed by high-resolution semiconductor company e2v technologies.

The concern recently announced a trading update in which it reported that trading for the year to March was ahead of expectations, with net debt having fallen from £44.8 million to £28 million, ahead of Arden forecasts of £35 million of debt.

Remarking that the revenues have benefited from ‘strong markets in radiotherapy, industrial and scientific imaging’, Thomas and Webster are forecasting pre-tax profits of £33.5 million on sales of £229 million for the year to March 2011, adding that ‘we also now expect margins to be stable rather than rising’ after ‘having to restrict spending during the downturn’.

First ahead
There was also a comment on property group First Property. The group recently declared that results for the year to March 2011 were ‘in line with market expectations’ and analyst Chris Thomas notes that the company is ‘in discussion with a number of potential investors for FOP’, arguing that the company ‘remains significantly undervalued from both an earnings and asset perspective’.

Thomas is forecasting a £200,000 increase in pre-tax profits to £3 million on turnover of £12.2 million for the year to March 2011, with a 0.05p increase in the dividend to 1.08p also expected.


Companies: E2V Technologies , First Property By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8291565&action=detail Mon, 23 May 2011 11:28:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8149403 http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8149403&action=detail Mon, 18 Apr 2011 21:54:00 GMT churjones tag:iii.co.uk,2003:tst.8146971
Created: 18 April 2011 Written by: Simon Thompson

Investors are starting to warm to the merits of several of the shares I selected in my bargain share portfolio a few months ago (Bargain shares, 11 Feb 2011) and specifically those in the property sector. In fact, virtually all my real-estate plays have had a good news story to tell in recent months and, with the potential for significant re-ratings, an update on these positions is urgently in order
First Property
Last week European property fund manager First Property Group released a bullish pre-close trading update, which revealed that assets under management (AUM) have risen by 20 per cent to £365m in the 12 months to 31 March 2011.
It's worth noting that the company has significant exposure to Polish property, so, although sterling's weakness is rather bad news for UK holidaymakers in Europe, it is very good news for First Property. In fact, around 75 per cent of those AUM are invested in Polish property and a further 3 per cent in Romania. In addition, the company manages and invests in a pan-European commercial property fund, Fprop Opportunities, which has so far made two acquisitions in Poland for a combined €25m. First Property also own two valuable commercial properties in Warsaw, one of which was valued last October at $18.1m, or £11.1m, based on a yield of over 8 per cent.
So, with sterling plunging by 4.5 per cent against the zloty and by 6.5 per cent against the euro since mid-February, First Property's real estate is benefiting from a strong currency tailwind. And that is hardly likely to change any time soon, with the European Central Bank firmly in monetary tightening mode and any chance of an interest-rate hike in the UK now far less likely after retail sales figures in March showed alarming signs of consumers retrenching.
By my calculations, if you mark the company's assets to market value, the shares are trading modestly above the book value of First Property's assets which means in effect we are getting a fast-growing property fund management operation - which analyst Chris Thomas at broker Arden Partners expects to make profits of around £3.1m this year - in the price for "virtually nothing". And there is also a decent 5.1 per cent decent yield on offer, based on a 5 per cent increase in the full-year payout to 1.08p, which Mr Thomas predicts. The board can certainly afford to raise the payout as it would be covered twice over by EPS of 2.18p.
So it's hardly surprising that the Aim-traded shares have started to be re-rated, rising 14 per cent to 21p, since I advised buying at 18.5p nine weeks ago - a price that was readily available at the time. But they are still too lowly rated on nine times March 2012 earnings estimates of 2.36p a share and, underpinned by a decent and growing yield - and benefiting from exposure to a robust Polish property market - I continue to rate them a strong buy ahead of the full-year results on 21 June.
Terrace Hill
UK property development and investment group Terrace Hill has made three separate residential sales worth £41.4m in its 49 per cent-owned residential joint venture in order to fund the next 18 months' amortisation requirements under the joint-venture's banking facilities. Although the transactions were priced £10m below aggregate book value, this still leaves potential upside from almost £200m of assets held within the joint venture. On balance, the deal looks sensible to me.
In addition, Terrace Hill has secured two notable new lettings at its office scheme in Maidenhead, generating annualised rent of almost £0.5m. A global pharmaceutical company and Seagate, the hard-disk drive and storage solutions provider, are renting a total of 19,000 sq ft of space at a headline rent of £26 per sq ft, which indicates there is still demand for quality space even in the tough Thames Valley lettings market.
Shares in Terrace Hill have moved also moved up 12 per cent from 20.5p to 23p - calculated on By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=8146971&action=detail Mon, 18 Apr 2011 14:36:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.7784197 Here for info is the list of 10 stocks tipped in Simon Thompson’s ‘Bargain shares for 2011’ column in the IC today.
Several have risen by 10% or more.
I'm not invested, but just looking.

Valuta


Investors Chronicle
Bargain shares for 2011
Created: 11 February 2011
Written by: Simon Thompson

Randall & Quilter, Polo Resources, Ambrian Capital, Terrace Hill, First Property Group, Shore Capital, Victoria, PV Crystalox Solar, Nobel Investments, Pilat Global Media.
http://www.citywire.co.uk/money/friday-papers-updated-with-share-tips-from-investors-chronicle/a470609?ref=citywire-money-latest-news-list


By Valuta ]]> http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=7784197&action=detail Fri, 11 Feb 2011 14:17:00 GMT Valuta tag:iii.co.uk,2003:tst.7782393 http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=7782393&action=detail Fri, 11 Feb 2011 11:23:00 GMT Pagan1 tag:iii.co.uk,2003:tst.7782149 http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=7782149&action=detail Fri, 11 Feb 2011 10:58:00 GMT funchalman tag:iii.co.uk,2003:tst.7782030 http://www.iii.co.uk/investment/detail?code=cotn:FPO.L&display=discussion&id=7782030&action=detail Fri, 11 Feb 2011 10:48:00 GMT Pagan1