First Property Group (FPO)

Sector:

Financials

Index:

FTSE AIM All-Share

 18.90p
   
  • Change Today:
      0.000p
  • 52 Week High: 28.00
  • 52 Week Low: 15.50
  • Currency: UK Pounds
  • Shares Issued: 110.88m
  • Volume: 50,511
  • Market Cap: £20.96m
  • RiskGrade: 151

First Property funds under management slip in recent trading

By Josh White

Date: Tuesday 27 Sep 2022

LONDON (ShareCast) - (Sharecast News) - First Property Group reported further leasing and transaction activity in a trading update on Tuesday.
The AIM-traded firm, which was holding its annual general meeting, said that since its financial year-end on 31 March, it had leased additional space at its office building in Gdynia, Poland, increased its share in Blue Tower, Warsaw, by 32% to 80%, and sold a property owned directly by the group in Tureni, Romania.

Chairman Alasdair Locke said total funds under management as at 31 August, including properties owned directly by the group, amounted to £547.5m, compared to £558.7m at the end of March.

"The reduction of £11.2m from the financial year-end is due to the sale of three properties in the United Kingdom for £21.1m by funds managed by First Property Asset Management, and the sale of the group's directly-owned warehouse in Tureni, Romania for £3.05m," Locke told shareholders.

"These sales were offset by, inter alia, the purchase by the group of a further 32% of Blue Tower, Warsaw for £7.2m."

Third-party funds under management as at 31 August totalled £499.4m, First Property said, down from £516.5m at the end of March.

"Group cash as at 21 September amounted to £6.34m," Locke added, down from £6.42m on 31 March, equating to 5.75p, falling from 5.81p over the same period.

At 1455 BST, shares in First Property Group were down 0.73% at 27.3p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FPO Market Data

Currency UK Pounds
Share Price 18.90p
Change Today 0.000p
% Change 0.00 %
52 Week High 28.00
52 Week Low 15.50
Volume 50,511
Shares Issued 110.88m
Market Cap £20.96m
RiskGrade 151

FPO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.89% above the market average82.89% above the market average82.89% above the market average82.89% above the market average82.89% above the market average
48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average
Price Trend
21.6% below the market average21.6% below the market average21.6% below the market average21.6% below the market average21.6% below the market average
12.07% below the sector average12.07% below the sector average12.07% below the sector average12.07% below the sector average12.07% below the sector average
Income
35.86% above the market average35.86% above the market average35.86% above the market average35.86% above the market average35.86% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Growth
99.57% below the market average99.57% below the market average99.57% below the market average99.57% below the market average99.57% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

FPO Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 16-Mar-23 08-Dec-22
Paid 05-Apr-23 30-Dec-22
Amount 0.25p 0.25p

Trades for 28-Mar-2024

Time Volume / Share Price
09:51 25,000 @ 19.00p
09:50 25,511 @ 18.81p

FPO Key Personnel

CEO Ben Habib

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