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FPT Forth Ports

1,627.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Forth Ports LSE:FPT London Ordinary Share GB0003473104 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,627.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,627.00 GBX

Forth Ports (FPT) Latest News

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Forth Ports (FPT) Discussions and Chat

Forth Ports Forums and Chat

Date Time Title Posts
09/8/201309:59*** Fairpoint ***-
27/5/201111:40Heading Forth932
06/3/201015:14FORTH PORTS41
20/12/200210:53Forth Ports- Sinks on Mersey Docks Profit warning Yesterday-

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Forth Ports (FPT) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Forth Ports (FPT) Top Chat Posts

Top Posts
Posted at 12/5/2011 16:50 by praipus
ABC-Arbitrage buying a few



to see their other speculations see post 136 on the ADVFN "Tracking the Arbitrageurs" BB.
Posted at 22/3/2011 08:20 by tenapen
LONDON (SHARECAST) - Ports operator Forth Ports has agreed a bid worth 1,630p a share from major shareholder, the Arcus European Infrastructure Fund.

Cont...


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Ho dear, i 'hope' Arcus continue with the building work along the Forth / Leith. Very little else being build in Edinburgh / Lothians / Fife for the trades.
Posted at 08/3/2011 13:53 by nellie1973
Tipped in press-Hold for further offer
Posted at 07/3/2011 09:18 by dontrader
Well the much heralded "offer" has come in subject the due diligance. All the talk of £19 to £20.50 per share have greatly exagerated the indicative offer of £16.30 which rises to £16.50 with final dividend of 20p added in.

They are not getting my holdings at this sort of level.

Don
Posted at 26/2/2011 12:30 by flintoff
Very new to all this, but as long-term holder of Forth Ports am astonished at both near silence on Bulletin Board and in press after approx 13% rise in share price in last week or so.
Any thoughts?
Posted at 23/2/2011 11:21 by alanrussell
According to the Independent talk is of an offer as much as £20.50 per share, however talk is just that. Historically a spike in FPT share price on takeover rumour has proved a very profitable time to sell. Sooner or later it is likely to be taken out but is this the time????????????????????????
Posted at 23/2/2011 01:16 by highland terrier
Mail Online states that another takeover bid is doing the rounds.
Talk of a knock out £830 million or £19 a share cash bid from private equity did the rounds.
Posted at 01/12/2010 17:12 by alanrussell
Not a pile of poo at all! A sound company, well run. Granted the share price has not been too exciting of late but that's because, IMHO, it had risen too high in late summer.

Indeed during some of the recent days when the market dropped sharply the price held up well showing impressive strength. So much so that I was beginning to doubt if I had done the right thing selling at the start of October. But then today, with the FTSE250 up 2%, the price remains stationary. Hard to figure which way this is headed.
Posted at 06/10/2010 13:44 by alan russell
FWIW I've sold all my shares in FPT. I still consider it an excellent company and a good long term investment, however even the best company can be too expensive. Regarding FPT itself I feel the price is only supported by hopes of a bid - fundamentals just don't justify the price. Maybe a bid will come again but it may not or, more likely in my view, it could a year away. Regarding the broader market IMHO it is too high - too much bad news yet to come out. After the recent good run a fall back is on the cards. Put the two together and I prefer to sell hoping to buy back in at a lower price again.

I could be completely wrong; make up your own mind. Good luck.
Posted at 04/7/2010 13:51 by alanrussell
From the Independent 2-7-10
.....................................................................

Our view: Buy

Share price: 1141p (-38p)

after a tempestuous half-year, Britain's only listed ports company published a pre-close trading statement yesterday forecasting results well ahead of last year. Forth Ports – which owns and runs seven facilities including Grangemouth, Rosyth and Tilbury – is still smarting from the collapse of takeover talks with major shareholder Northstream, a consortium which includes Arcus European Infrastructure, Peel Holdings and RREEF. It upped its bid twice before walking away at £14 per share, valuing the group at £640m, in late May.

Forth's management maintained that the offer undervalued the business and specifically the potential of a 400-acre plot the group owns on the Edinburgh foreshore. But the share price plunged by more than £1 nonetheless. The good news is that Northstream still owns more than a quarter of Forth's shares, so the door cannot be completely closed. In the meantime, progress is good.

Although short sea containers at Tilbury are still behind last year's levels, and container volumes at Grangemouth are flat, forest products tonnage has "increased substantially" with animal feed also on the rise. The group has slashed costs and boosted efficiency as well. Perhaps most important of all, enquiries for additional dry and liquid bulks and offshore renewables have increased markedly.

Better still, Forth's Nordic recycling business has seen a boost from improving commodity prices. Plans for the development of Leith Docks were approved last week, and plans for a biomass power station, in a joint venture with Scottish and Southern, have been submitted. Notwithstanding a forecast multiple of 21.1 times 2010 earnings, Forth looks well-placed with good earnings certainty, increased new business, a big surplus land bank and a fledgling but exciting renewables business. Acquisition or not, Forth Ports looks strong. Buy.
.........................................................................................................

I would rate FPT a solid hold but necessarily a buy at present IMHO. The market generally is likely to take a lurch or two down over the coming months so a better price may well present itself. Equally it is hard to see any great upside in the immediate future. No need to hurry to buy.
Forth Ports share price data is direct from the London Stock Exchange

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