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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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The Property Franchise Group

June 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TPFG
  • Price:
  • 401p
A well-timed write-up last month, the shares spiked to an all-time high of 405p after TPFG’s finals revealed pretax profit 5% above forecasts at £11.2m with lettings resilient and the group outperforming the more challenging sales market. Post period end, the transformational merger with Belvoir was completed while pleasingly Q1 2024 was ahead of revenue and profit expectations. On Singer’s unchanged eps forecasts for 26.4p and then 31.5p in FY’25, next year’s prospective PE is only 12.9. With mortgage approvals continuing to strengthen and interest rate cuts in sight, I am a buyer. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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