Details
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
Allenby Capital (our NOMAD & Broker) and Arden Partners plc publish equity research on First Property Group plc. Allenby’s research can be accessed here and Arden’s research can be found here. Both also publish on Research Tree.
|
Name
|
Company
|
Contact Details
|
|
Roger LeBoff
|
5 St Helen’s Place, London, EC3A 6AB
+44 (0)20 3328 5656
|
|
| Andrew Simms |
125 Old Broad Street, London, EC2N 1AR
+44 (0)20 7614 5900
|
|
Date
|
26 November 2024 |
|
Publisher
|
Allenby Capital |
|
Analyst
|
Roger LeBoff |
|
Note type
|
Company Note (5 pages) |
|
Title
|
Interims: Attractive at 46% NAV discount as finances stabilise |
|
Date
|
11 October 2024 |
|
Publisher
|
Allenby Capital |
|
Analyst
|
Roger LeBoff |
|
Note type
|
Company Note (4 pages) |
|
Title
|
Completion of Open Offer: Stabilised finances underpin more positive outlook |
|
Date
|
1 December 2023 |
|
Publisher
|
Allenby Capital |
|
Analyst
|
Roger LeBoff |
|
Note type
|
Company Note (1 pages) |
|
Title
|
Interim results: Markets stabilising, positive outlook for Poland |
|
Date
|
22 June 2023 |
|
Publisher
|
Allenby Capital |
|
Analyst
|
Roger LeBoff |
|
Note type
|
Company Note (7 pages) |
|
Title
|
Prelims – steady FY23, outlook pivots on assets in Poland |
|
Date
|
1 December 2022 |
|
Publisher
|
Allenby Capital |
|
Analyst
|
Roger LeBoff |
|
Note type
|
Company Note (7 pages) |
|
Title
|
Acquisitions, sales and lettings underpin outlook |
|
Date
|
27 September 2022 |
|
Publisher
|
Allenby Capital |
|
Analyst
|
Roger LeBoff |
|
Note type
|
Company Note (2 pages) |
|
Title
|
Ongoing reshaping of the portfolio since end FY2022 |
|
Date
|
28 June 2022 |
|
Publisher
|
Allenby Capital |
|
Analyst
|
Roger LeBoff |
|
Note type
|
Initiation (9 pages) |
|
Title
|
Contracyclical investment in Poland and UK |
|
Date
|
24 June 2021 |
|
Publisher
|
Arden Partners
|
|
Analyst
|
Alison Watson
|
|
Note type
|
Research Comment (3 pages) |
|
Title
|
Final Results: A challenging period |
|
Date
|
1 December 2021 |
|
Publisher
|
Arden Partners
|
|
Analyst
|
Andy Simms
|
|
Note type
|
Buy (3 pages) |
|
Title
|
Interim Results: Rental and capital value recovery potential |
|
Date
|
26 November 2020 |
|
Publisher
|
Arden Partners
|
|
Analyst
|
Alison Watson
|
|
Note type
|
Research Comment (2 pages) |
|
Title
|
H1 results: Ready to reinvest |
|
Date
|
25 June 2020 |
|
Publisher
|
Arden Partners
|
|
Analyst
|
Andrew Simms
|
|
Note type
|
Research Comment (4 pages) |
|
Title
|
FY 2020 results: Increased firepower to acquire |
|
Date
|
28 April 2020 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Company Flash Note (1 page) |
|
Title
|
CH8 Sale Completion Drives Market Opportunity |
|
Date
|
21 November 2019 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (1 page) |
|
Title
|
H1 2020 Interims – on track to meet FY2020 earnings; small NAV increase |
|
Date
|
9 Septemeber 2019 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (1 page) |
|
Title
|
AGM Statement – trading in line with expectations |
|
Date
|
6 June 2019 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (8 pages) |
|
Title
|
FY 2019: adj PBT 4.5% ahead |
|
Date
|
1 May 2019 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page) |
|
Title
|
YE trading statement: FY2019 earnings upgrades |
|
Date
|
22 Nov 2018 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (4 pages) |
|
Title
|
H1 2019 Interims |
|
Date
|
20 Sep 2018 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Flash comment (1 page) |
|
Title
|
AGM Statement |
|
Date
|
3 Jul 2018 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (2 pages) |
|
Title
|
New investment in Romania |
|
Date
|
15 Jun 2018 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Flash (1 page) |
|
Title
|
New Investment in Poland |
|
Date
|
8 Jun 2018
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (3 pages)
|
|
Title
|
2018 Results
|
|
Date
|
23 Nov 2017 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (4 pages) |
|
Title
|
Interims – Evolving growth story |
|
Date
|
21 Sep 2017 |
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (1 page) |
|
Title
|
AGM update |
|
Date
|
17 Jul 2017
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research comment (4 pages)
|
|
Title
|
New £182m fund mandate
|
|
Date
|
08 Jun 2017
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (4 pages)
|
|
Title
|
Finals – Strong fund management growth
|
|
Date
|
04 May 2017
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
|
|
Title
|
First Property retains its No.1 MSCI CEE Ranking
|
|
Date
|
28 Mar 2017
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Flash
|
|
Title
|
Sale of Group Property Investment in Romania
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|
Date
|
13 Feb 2017
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Polish Office Purchase
|
|
Date
|
16 Jan 2017
|
|
Publisher
|
Aden Partners
|
|
Note type
|
Research Comment (1 Page)
|
|
Title
|
New UK Property Fund Mandate
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|
Date
|
20 Dec 2016
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
|
|
Title
|
SIPS fund nearly fully invested
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|
Date
|
23 Nov 2016
|
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Publisher
|
Arden Partners
|
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Note type
|
Research Comment (2 pages)
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|
Title
|
Interims – Steady progress and strong FX tailwinds
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|
Date
|
09 Jun 2016
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
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|
Title
|
Finals – NAV up 20% & growing recurring earnings
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|
Date
|
18 Apr 2016
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
|
|
Title
|
Full year trading update
|
|
Date
|
31 Mar 2016
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
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|
Title
|
Polish Property Acquisition
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|
Date
|
07 Jan 2016
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
|
|
Title
|
Bargain shopping with Lidl!
|
|
Date
|
26 Nov 2015
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Interims – Growth in recurring profits and NAV
|
|
Date
|
10 Aug 2015
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
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|
Title
|
PDR Fund Disposal
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|
Date
|
07 Jul 2015
|
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Publisher
|
Arden Partners
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|
Note type
|
Research Note (22 pages)
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|
Title
|
In Pole position for superior returns!
|
|
Date
|
11 Jun 2015
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Finals – A busy, successful year
|
|
Date
|
26 Mar 2015
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
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|
Title
|
PDR fund property sales trigger profit share
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|
Date
|
21 Jan 2015
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 Pages)
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|
Title
|
New £125m fund mandate win
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|
Date
|
09 Jan 2015
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Arden’s 2015 Stock Picks
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|
Title
|
Outlook transformed / Profiting from opportunities in the UK and Poland
|
|
Date
|
17 Dec 2014
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Further acquisitions transform the outlook
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|
Date
|
26 Nov 2014
|
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Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
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|
Title
|
Interims – further excellent progress
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|
Date
|
03 Jun 2014
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
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|
Title
|
Finals – Excellent progress, exciting opportunities
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|
Date
|
09 Apr 2014
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Year end update – A busy, highly successful year
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|
Date
|
25 Feb 2014
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
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|
Title
|
New UK partnership closes £41m fund raising
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|
Date
|
10 Feb 2014
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Polish shopping centre purchase
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|
Date
|
04 Feb 2014
|
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Publisher
|
Arden Partners
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|
Note type
|
Research Comment (2 pages)
|
|
Title
|
£2.05m Property Disposal
|
|
Date
|
16 Dec 2013
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Christmas comes early for First Property!
|
|
Date
|
03 Dec 2013
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
FOP property purchase (add to Buy)
|
|
Date
|
27 Nov 2013
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Interim Results
|
|
Date
|
07 Nov 2013
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
|
|
Title
|
Acquisition of further interest in Blue Tower
|
|
Date
|
24 Oct 2013
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
|
|
Title
|
New UK Partnership
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|
Date
|
26 Sep 2013
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
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|
Title
|
AGM Update – office conversion planning secured
|
|
Date
|
22 Jul 2013
|
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Publisher
|
Arden Partners
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|
Note type
|
Research Comment (1 page)
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|
Title
|
Acquisition of properties
|
|
Date
|
05 Jun 2013
|
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Publisher
|
Arden Partners
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|
Note type
|
Research Comment (2 pages)
|
|
Title
|
Final Results
|
|
Date
|
23 Jan 2013
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (19 pages)
|
|
Title
|
Compelling Polish property opportunities
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|
Date
|
05 Dec 2012
|
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Publisher
|
Arden Partners
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Note type
|
Research Comment (2 pages)
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|
Title
|
Interims – Compelling Polish Property Opportunities
|
|
Date
|
11 Jun 2012
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (2 pages)
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|
Title
|
Finals show good progress but FX headwind this year
|
|
Date
|
17 Apr 2012
|
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Publisher
|
Arden Partners
|
|
Note type
|
Research Comment (1 page)
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|
Title
|
Year end update – Profits in line with expectations
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|
Date
|
29 Nov 2011
|
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Publisher
|
Arden Partners
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Note type
|
Research Comment (1 page)
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Title
|
Interims – Strong growth, forecasts upgraded
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Date
|
01 Oct 2011
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Publisher
|
Arden Partners
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Note type
|
–
|
|
Title
|
Arden Partners Stock Guide (p.23)
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|
Date
|
21 Jun 2011
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Publisher
|
Arden Partners
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Note type
|
Research Comment (2 pages)
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|
Title
|
Finals Steady progress, positive outlook
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|
Date
|
10 May 2011
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Publisher
|
Arden Partners
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|
Note type
|
Research Comment (1 page)
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|
Title
|
Group ranked No.1 over 5 years by IPD for Poland/CEE
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Date
|
14 Apr 2011
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Publisher
|
Arden Partners
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Note type
|
Research Comment (1 page)
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|
Title
|
Year end update – Funds under management growing
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Date
|
17 Mar 2011
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Publisher
|
Arden Partners
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Note type
|
Research Comment (1 page)
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|
Title
|
Disposal of First Property Services Limited
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Date
|
30 Nov 2010
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Publisher
|
Arden Partners
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Note type
|
Research Comment (2 pages)
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Title
|
Interims – Continued underlying growth
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Date
|
14 Oct 2010
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Publisher
|
Arden Partners
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Note type
|
Research Comment (2 pages)
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|
Title
|
Property Purchase – Putting the balance sheet to work
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Date
|
05 Oct 2010
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Publisher
|
Arden Partners
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Note type
|
Research Comment (1 page)
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|
Title
|
Launch of new opportunity fund
|
|
Date
|
21 Sep 2010
|
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Publisher
|
Arden Partners
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|
Note type
|
Research Comment (1 page)
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|
Title
|
AGM Update – good progress despite FX headwind
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Date
|
09 Jun 2010
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Publisher
|
Arden Partners
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Note type
|
Research Comment (2 pages)
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|
Title
|
Finals – Growth resumed but facing FX headwinds
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Date
|
08 Apr 2010
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Publisher
|
Arden Partners
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Note type
|
Research Comment (1 page)
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|
Title
|
Positive outlook, low valuation
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Date
|
08 Feb 2010
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Publisher
|
Arden Partners
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|
Note type
|
Reasearch Note (13 pages)
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|
Title
|
New Fund Win – Compelling Value
|
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Date
|
08 Feb 2010
|
|
Publisher
|
Arden Partners
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Note type
|
Research Comment (1 page)
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|
Title
|
New Fund Win – £100 million mandate secured
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Date
|
30 Nov 2009
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Publisher
|
Arden Partners
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Note type
|
Research Comment (2 pages)
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|
Title
|
Interims – Resilient performance, outlook improved
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Date
|
02 Jun 2009
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Publisher
|
Arden Partners
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Note type
|
Research Comment (2 pages)
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|
Title
|
Finals – Valuation underpinned by assets & earnings
|
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Date
|
02 Mar 2009
|
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Publisher
|
Arden Partners
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|
Note type
|
Morning Meeting Note (1 page)
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|
Title
|
Year End Update – Trading ahead of expectations
|
|
Date
|
19 Nov 2008
|
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Publisher
|
Arden Partners
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|
Note type
|
Morning Meeting Note (1 page)
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|
Title
|
Interims – In a leveraged world cash is king
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|
Date
|
19 Nov 2008
|
|
Publisher
|
Edison Investment Research
|
|
Note type
|
12 pages
|
|
Title
|
Proven growth model
|
|
Date
|
11 Jun 2008
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (2 pages)
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|
Title
|
Strong growth, excellent outlook, low valuation
|
|
Date
|
01 Apr 2008
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (2 pages)
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|
Title
|
Underlying trading and performance fees above forecast
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|
Date
|
16 Mar 2008
|
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Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (2 pages)
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|
Title
|
Full year profits to benefit from performance fees
|
|
Date
|
22 Nov 2007
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (2 pages)
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|
Title
|
Interims Strong profits growth and outlook
|
|
Date
|
22 Oct 2007
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (1 page)
|
|
Title
|
H1 update further forecast upgrades
|
|
Date
|
07 Sep 2007
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (1 page)
|
|
Title
|
AGM forecast upgrade an asset management growth
|
|
Date
|
06 Jul 2007
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Research Note (8 pages)
|
|
Title
|
First Property
|
|
Date
|
06 Jun 2007
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (2 pages)
|
|
Title
|
Finals Growth in asset management, forecasts increased
|
|
Date
|
30 May 2007
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (1 page)
|
|
Title
|
USS doubles asset management mandate
|
|
Date
|
14 May 2007
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (1 page)
|
|
Title
|
Growth of the asset management division
|
|
Date
|
30 Nov 2006
|
|
Publisher
|
Arden Partners
|
|
Note type
|
Morning Meeting Note (2 pages)
|
|
Title
|
Interim Results
|
