Property Franchise Group (TPFG)

Sector:

Real Estate

Index:

FTSE AIM All-Share

441.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 445.00
  • 52 Week Low: 257.50
  • Currency: UK Pounds
  • Shares Issued: 62.33m
  • Volume: 74,477
  • Market Cap: £274.87m

Property Franchise Group continues to reject Belvoir's advances

By Josh White

Date: Thursday 02 Nov 2017

LONDON (ShareCast) - (ShareCast News) - The Property Franchise Group issued a brief statement to the market on Thursday, in response to a possible merger offer with the company by Belvoir Lettings.
Its board maintained its previous position that the possible merger offer would not be in the best interests of the group's shareholders.

"The board, holding in aggregate 49.3% of the ordinary shares, believes that the possible merger offer significantly undervalues TPFG and had accordingly unanimously rejected the unsolicited approach made by Belvoir previously on the terms disclosed," the directors of the AIM-traded company had said on 20 October, just after the possible merger offer was initially announced.

On Thursday, the board said they had maintained their position based on the same reasons.

Email this article to a friend

or share it with one of these popular networks:


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

 

TPFG Market Data

Currency UK Pounds
Share Price 441.00p
Change Today -1.50p
% Change -0.34 %
52 Week High 445.00
52 Week Low 257.50
Volume 74,477
Shares Issued 62.33m
Market Cap £274.87m

TPFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.75% below the market average80.75% below the market average80.75% below the market average80.75% below the market average80.75% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Price Trend
86.76% above the market average86.76% above the market average86.76% above the market average86.76% above the market average86.76% above the market average
90.48% above the sector average90.48% above the sector average90.48% above the sector average90.48% above the sector average90.48% above the sector average
Income
42.42% above the market average42.42% above the market average42.42% above the market average42.42% above the market average42.42% above the market average
37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average
Growth
5.14% below the market average5.14% below the market average5.14% below the market average5.14% below the market average5.14% below the market average
26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TPFG Dividends

  Latest Previous
  Final Special
Ex-Div 16-May-24 18-Jan-24
Paid 12-Jun-24 02-Feb-24
Amount 7.40p 2.00p

Trades for 07-Jun-2024

Time Volume / Share Price
16:36 5,000 @ 441.00p
16:35 3,000 @ 441.00p
16:35 3,000 @ 441.00p
16:28 200 @ 442.50p
16:20 70 @ 440.60p

TPFG Key Personnel

CFO David Arthur Raggett
CEO Gareth Samples

Top of Page