Unlocking the value in FKP

A change in management, lower debt and a clearer strategy could finally release the value in this property group.

If you wanted a poster child for the late 2000s debt-fuelled property boom, FKP would be a fine choice. Reporting earnings that regularly outstripped cash flow and paying handsome distributions was an unsustainable equation. When the GFC hit, FKP collapsed. Since the share price peaked at $52.85 on 1 November 2007 (adjusted for the recent consolidation) it has lost over 95% of its value.

{{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