Chief_Mukuni
09 Feb 2019
RNS, Results Its all gone very quiet here - any news
shareordie
22 Nov 2018
RNS, Results Fund management fees are generally levied monthly by FPAM by reference to the value of properties under management. In the case of Fprop Offices LP the Group does not receive any fees but instead shares in the profits earned by the fund. Revenue growth inevitably lags the growth in assets under management because investments made during a given period do not benefit from full period fee or profit contributions, and in the case of Fprop Offices LP also needs to overcome standard property purchase costs in the UK of 6.8% of a given property’s value before a profit share can be earned. Revenue earned from fund management increased by 4% to £1.55 million (2017: £1.49 million), resulting in a profit before unallocated central overheads and tax of £798,000 (2017: £804,000). This represents 15.8% (2017: 11.7%) of Group profit before unallocated central overheads and tax. The Group has not yet recognised any profits from Fprop Offices LP pursuant to the profit share agreement but expects to do so in the second half of the current financial year." So second half could see a nice contribution from the fprop offices LP I’m looking forward to that, we don’t know how much or if it will be in small chunks or in a big lump, but either way with a small company like this it will have some impact I’m sure.
shareordie
22 Nov 2018
RNS, Results Results look good although profit was down it is explained as a office in Warsaw was empty, and I suppose this will be re let in due course, maybe at a higher rate (I hope). Anyway NAV is up quite a bit and dividend up a little, lots of irons in the fire here for the future. Like the way Mr Habib runs this company. Assets under management are up considerably and will eventually trickle down to profits although as discussed before this is delayed slightly because of the way the deals were done.
shareordie
20 Sep 2018
Agm...... 12345 Aum up quite a bit. Still looking good here. Bought more yesterday as I feel fpo could have a good year as they have lots of projects on the go and could do very well out of them this year.
Gunnergadin
15 Aug 2018
RNS New investment Appears to have fallen back into a range that enables topping up. Done exactly that.
shareordie
29 Jun 2018
RNS New investment New. Investment in Romania, more. Management fees and more income from the property. Looks another great deal.
shareordie
21 Jun 2018
New article in IC from S. T Really big article, talking about how good this new deal is that the fantastic Mr Habib has done. All about the Krakow property and its very cheap financing and no covenants, etc. Seems a very good deal. Good article. Fantastic company
shareordie
14 Jun 2018
RNS First property That explains it then, it’s a cracking little company this, and the management are very good in my opinion.
Gunnergadin
14 Jun 2018
RNS First property An update by Simon Thompson on his website, just before noon.
shareordie
14 Jun 2018
RNS First property Maybe this weeks ic has one in, it’s just gone up 20%
shareordie
14 Jun 2018
RNS First property Yes it does, but we can’t request one from St whenever we need one, lol
Gunnergadin
14 Jun 2018
RNS First property I find a follow-up article from Simon Thompson always helps to push the share price up…
shareordie
13 Jun 2018
RNS First property OK finally managed to make a new topic as the bb had locked me up on a draft copy. Anyway the new deal on a property in Krakow looks good,and bolted on more fund management fees,keep up the good work.
shareordie
08 Jun 2018
Re: Results Just had my question answered on the conference call, I asked if we had booked any profit for the new UK office mandate fprop fund and was told no we hadn't because the stamp duty costs mean that it is difficult to make a profit early on, and this would come later.
shareordie
08 Jun 2018
Results Just had a quick look and they look pretty good, NAV is up, assets under management are up considerably, debt is down, dividend is up.I still get the feeling that the fee for these increased aum are being paid in arrears as the new office fund was being paid via a share in profits rather than a fee for management, can't see this mentioned maybe this will be clarified in the conference call /audio later.But all in all looks very good.
