Market's view on Propty Franchis
Published on April 2024
- The Property Franchise Group (TPFG) presented their full-year results for 2023, highlighting the merger benefits with Belvoir.
- A stock watcher noted that despite challenges in the property market during the year, TPFG, in partnership with BLV, managed to slightly improve performance and efficiency.
- Concern was expressed about TPFG’s promotional tone in updates, with only marginal progress in figures.
- There was mention of a free webinar event where TPFG would be presenting, among other companies.
- A watcher discussed the share price behaviour of BLV, predicting a volatile future for the stock.
- The potential market benefits of the TPFG and BLV merger were discussed, including enhanced visibility to institutional investors and a stronger position in a recovering housing market.
- Positive sentiment was shared by a stock watcher who had transitioned from holding BLV to TPFG stocks, appreciating the merger’s potential for growth.
- TPFG’s business model, focusing on rental franchises rather than rental REITs, was highlighted for its lower capital use and potential for scalable acquisition.
- The initiation of coverage by Singers with a favourable price target for TPFG was noted, suggesting it should trade at a premium compared to peers.
- Information about TPFG participating in various investor webinars and presentations was shared, indicating ongoing engagement with shareholders and investors.