Added to YB: 2025-03-14
Pitch date: 2025-03-12
FPO.L [neutral]
First Property Group plc
+38.18%
current return
Author Info
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Company Info
First Property Group plc is a real estate investment firm. It provides fund management, financial, and technical services to the property industry in the United Kingdom and other European countries.
Market Cap
GBP 22.9M
Pitch Price
GBP 0.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.89
P/E
9.44
EV/Sales
3.94
Sector
Real Estate Management and Development
Category
turnaround
Activism: First Property Group plc needs reform
FPO.L (activist needed): 55% discount to NAV, 20-30% 4yr IRR potential. Reform needed: new board, aligned mgmt, managed wind-down. CEO took £7.5M comp, sweetheart deals. 26% owned by activist. Risks: slow property recovery, rising yields. Poor performance: -65% share price, -70% revenue since 2018. 34% insider ownership.
Read full article (9 min)