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The Property Franchise Group - Shares hit new high of 483p

October 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:
  • 478p
The shares have soared £1 in the past three months to a new high of 483p after TPFG said trading is at least in line with market expectations for 2024. In H1, revenues increased 104% to £26.9m (3% like-for-like), benefiting from a four-month contribution from Belvoir (£12.2m) and one month from the Guild of Property Professionals and Fine & Country (£1m), which have been successfully integrated. Management Service Fees (franchise royalties) increased 60% to £12.3m.  The full year outlook is supported by continued resilience in Lettings and 16% organic growth (67% including acquisitions) in the sales agreed pipeline against a flat market while the beginning of interest rate reductions is also supportive. A main write-up ...

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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.

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