Asset sales boost FKP

FKP’s share price has jumped 47% since FKP: Result 2013 from 22 Aug 13 (Speculative Buy – $1.38) as assets sales give creditability to its simplification strategy. Since the full year results – in which it outlined $200m of assets under exclusive due diligence – FKP has finalised the sale of 399 Lonsdale St Melbourne for $32m, the $28m sale of half The Milton apartment development in Brisbane and the $18m sale of an undeveloped section of its master planned Point Cook, Victoria project. The sales were above book value and we’d expect more by year end. Proceeds are being...

FKP’s share price has jumped 47% since FKP: Result 2013 from 22 Aug 13 (Speculative Buy – $1.38) as assets sales give creditability to its simplification strategy.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles