First Property Group (FPO)

Sector:

Financials

Index:

FTSE AIM All-Share

 15.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 16.25p
  • 52 Week Low: 11.75p
  • Currency: UK Pounds
  • Shares Issued: 147.84m
  • Volume: 0
  • Market Cap: £22.55m
  • RiskGrade: 151
  • Beta: 0.00

First Property Group expects to report interim loss

By Iain Gilbert

Date: Wednesday 08 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Property investor First Property Group said on Wednesday that it expects to report an interim loss, principally as a result of its interest in Fprop Opportunities.
First Property noted the "rapid increase" in interest rates from near zero in 2021 has "naturally" impacted property values but said it has been "shielded" from much of this by its accounting policy of holding properties at the lower of cost or value.

However, the AIM-listed group said the cost of its share in Fprop Opportunities, a fund invested in five commercial properties in Poland, was rebased in October 2018 when its share in it fell below 50%, resulting in it being de-consolidated from the firm's accounts and accounted for as an associate at the then prevailing property values.

In the six months to 30 September, the five properties owned by FOP decreased in value by £2.2m, of which the group's share amounted to £816,000. As a result, First Property expects to report an overall loss in the first six months of the current financial year.

First Property added that nearly one-third of vacant office space in Warsaw and Gdynia has now been leased, with tenant demand remaining "steady" in both cities.

As of 1145 GMT, First Property shares were down 1.60% at 17.22p.



Reporting by Iain Gilbert 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 15.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 16.25p
52 Week Low 11.75p
Volume 0
Shares Issued 147.84m
Market Cap £22.55m
Beta 0.00
RiskGrade 151

FPO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.18% above the market average84.18% above the market average84.18% above the market average84.18% above the market average84.18% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Price Trend
18.16% below the market average18.16% below the market average18.16% below the market average18.16% below the market average18.16% below the market average
37.86% below the sector average37.86% below the sector average37.86% below the sector average37.86% below the sector average37.86% below the sector average
Income
48.76% above the market average48.76% above the market average48.76% above the market average48.76% above the market average48.76% above the market average
21.31% above the sector average21.31% above the sector average21.31% above the sector average21.31% above the sector average21.31% above the sector average
Growth
71.72% below the market average71.72% below the market average71.72% below the market average71.72% below the market average71.72% below the market average
59.14% below the sector average59.14% below the sector average59.14% below the sector average59.14% below the sector average59.14% 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 --2025

Time Volume / Share Price
0 @ 0.000p

FPO Key Personnel

CEO Ben Habib

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