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News and Press Releases
23 Jun 2016

IP Real Estate – Uncertainty peaks

Ben Habib, chief executive of First Property, is one of the few in the UK’s real estate sector to argue that a “Brexit” would be positive for both the property market and Britain as a whole. “Any volatility would only be an opportunity for small, opportunistic companies such as First Property,” he said.

News and Press Releases
13 Jun 2016

Investors Chronicle – head east for profit

Simon Thompson reiterates his price target of 56p, citing “the potential for further value creation is not being factored into the current valuation. Nor is the fact that 95 per cent of the current year £21.9m revenue forecast is recurring, so offering a high degree of certainty in those estimates. The market is also failing to acknowledge the impressive track record of the company. There are not too many investments that can generate such a high sustainable return, nor have potential to continue to do so, irrespective of whether the UK stays or remains a part of the EU.”

Audio
10 Jun 2016

Vox Markets – Interview with Ben Habib following announcement of Fprop’s Preliminary Results

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Audio
09 Jun 2016

Share Radio Morning Money: Interview with Ben Habib (10min 12s)

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Audio
09 Jun 2016

Preliminary Results for year to 31 March 2016 (42mins)

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Opinions
03 Jun 2016

Fprop CEE Snapshot – Q2 2016

Fprop opinion on Polish & Romanian property markets.

Opinions
02 Jun 2016

Letter to FT from Ben Habib

“Taking a chance at the back of the trade queue”

News and Press Releases
05 May 2016

Investors Chronicle – First Property sell-off buying opportunity

Simon Thompson reiterates his buy recommendation, noting “…that investors are being overly cautious in their valuation and assessment of First Property’s future prospects. Offering 40 per cent share price upside to my target price of 56p, I would be a buyer of the shares ahead of the forthcoming results.”

News and Press Releases
19 Apr 2016

Investors Chronicle – New highs beckon

…having first recommended buying First Property’s shares at 18.5p in 2011…Simon Thompson feels that the odds continue to favour a move to the upside to his raised target price of 56p. Trading on only 1.25 times historic book value, he rates First Property’s shares a buy on a bid-offer spread of 49p to 50p.

News and Press Releases
18 Apr 2016

Investors Champion – Consistent performer still looking good

Michael Crockett notes that “This small property group has been one of AIM’s most consistent performing shares over the last few years” and considers whether its “good run” can continue.

News and Press Releases
11 Apr 2016

Investors Chronicle – Maintaining a strong pole position

Simon Thompson reiterates his buy recommendation: “Trading on less than 1.2 times adjusted book value of 40p, rated on 10 times earnings estimates and offering a dividend yield in excess of 3 per cent, I now rate First Property’s shares a trading buy with a target price of 56p.”

Opinions
11 Apr 2016

Letter to Daily Telegraph from Ben Habib

“Having savaged the Prime Minister, the enemies of prosperity will go for the middle classes”