First Property

1038 days ago

Tom Winnifrith Bearcast: Buying 2 stocks for my SIPP

In today’s bearcast I consider Verditek (VDTK), GlaxoSmithKline (GSK), Sosandar (oink, oink) First Property (FPO) , Remote Monitored Systems (RMS) and MyHealthChecked (MHC).

1835 days ago

Tom Winnifrith Bearcast - an email to my dear friend the China fraud specialist Paul Shackleton

In today’s bearcast I read out an email sent to Paul Shackleton (and AIM Regulation) regarding Management Resourse Solutions (MRS) following today’s bombshell HERE. I look at Plus 500 (PLUS), AFC Energy (AFC) and First Property (FPO) whose CEO is outed today as a Brexit Party candidate. I also do read out the roll call of heros who have sponsored Rogue Bloggers for Woodlarks. Tomorrow I am attemptng to do a 22 mile training walk so as you think of my pain why not be a hero too and sponsor all nine  rogue bloggers HERE

3963 days ago

Change of stance - First Property is it worth the risk?

I have long been a fan of First Property (FPO) the AIM listed property fund manager and investor but its exposure to Poland is worry as all the signs are that out East the shit is about to hit the fan. I wonder if it is worth the risk of hanging on in First Property? On balance I wouldn’t.

So what is going wrong in Poland? Well it is an emerging markets economy. And there is a growing global liquidity crisis which traditionally sees secondary “growth” markets take a beating. I note that Polish construction activity in May plunged by 28%. That is pretty dramatic and suggests to me that the Polish economy could be set for a rather rocky patch.

4161 days ago

First Property Interims & CEO Chat

AIM listed property investment group First Property (LSE:FPO) has not exactly been a stellar share tip from my twelve years running t1ps.com. I tipped the stock at 19.25p in May 2008 and after publishing results for the six months to 30th September yesterday the shares trade at 18.75p. We have, to be fair, enjoyed 4.82p in dividends, so it is no disaster either. But where next? I chatted at length to the rather posh CEO Ben Habib yesterday and this is very interesting – the market capitalisation is £20.82 million.

4169 days ago

First Property – A Pre Results buy?

Shares in AIM listed UK and Central Europe commercial property fund manager First Property (LSE: FPO) were recommended on t1ps, the website I founded in 2000 and edited until I left in September to set up the Nifty Fifty, at 19.25p in May 2008. They presently trade at 19p and thus, though the company has paid out 4.82p per share in dividends since the initial share tip, this has not been a stellar recommendation – but far from disastrous either. Ahead of results from the company for the six months ended 30th September 2012 – due a week today (on 5th December) – the following takes a look at the current position here…