The Property Franchise Group PLC

Equities

MCO

GB00BH0WFH67

Real Estate Development & Operations

Market Closed - London S.E. Other stock markets 11:35:15 2024-05-10 EDT			5-day change	1st Jan Change
400 ^GBX	-0.25%		+2.56%	+15.11%

04-24	Transcript : The Property Franchise Group PLC, 2023 Earnings Call, Apr 24, 2024
04-23	Property Franchise posts slight increase in annual profit and revenue	AN

Belvoir shareholders approve merger with Property Franchise

February 15, 2024 at 09:34 am

Belvoir Group PLC - Grantham, England-based property franchise and financial services company - Shareholders approve all-share merger with Property Franchise Group PLC, a Bournemouth, England-based lettings and estate agency franchising firm, with about 98% voting in favour. The proposed merger would create a GBP214 million company managing 152,000 properties across the UK. Last week Friday, virtually all Property Franchise shareholders at the company's general meeting also voted in favour of the merger. Belvoir expects the merger to complete on March 7.

Current Belvoir stock price: 275.55 pence, down 0.5% on Thursday afternoon in London

12-month change: up 55%

Current Property Franchise stock price: 353.49 pence, up 1.3%

12-month change: up 23%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Latest news about The Property Franchise Group PLC

Transcript : The Property Franchise Group PLC, 2023 Earnings Call, Apr 24, 2024	04-24
Property Franchise posts slight increase in annual profit and revenue	04-23	AN
The Property Franchise Group PLC Reports Earnings Results for the Full Year Ended December 31, 2023	04-23	CI
EARNINGS AND TRADING: Belvoir, Property Franchise merger now effective	03-07	AN
British High Court OKs Belvoir, TPFG's Proposed All-share Merger	03-07	MT
The Property Franchise Group PLC completed the acquisition of Belvoir Group PLC from Amati Global Investors Limited, Unicorn AIM VCT PLC managed by Unicorn Asset Management Ltd., Canaccord Genuity Asset Management Limited and others.	03-06	CI
Belvoir and Property Franchise to merge after court approval	03-06	AN
Belvoir Group Shareholders Approve Merger with The Property Franchise Group	02-15	MT
Belvoir shareholders approve merger with Property Franchise	02-15	AN
ValiRx receives shareholder request for board change	02-09	AN
Transcript : Belvoir Group PLC, The Property Franchise Group PLC - M&A Call	01-18
LondonMetric Property and LXi REIT plan all-share merger	01-11	AN
FTSE 100 Closes Down 0.4% as Markets Await U.S. Inflation Data	01-10	DJ
FTSE 100 falls as investors await rates clarity	01-10	AN
The Property Franchise Group plc Announces Special Dividend, Payable on 2 February 2024	01-10	CI
Property Franchise Group and Belvoir agree all-share merger	01-10	AN
Belvoir Group, TPFG Sign GBP214 Million All-Share Merger	01-10	MT
Sainsbury's grocery sales drive festive growth	01-10	AN
The Property Franchise Group PLC reached an agreement to acquire Belvoir Group PLC for approximately £100 million.	01-09	CI
FTSE 100 Closes Tuesday Up 0.41% as Oil-Price Rises Benefit the Index	23-09-12	DJ
Property Franchise Group sees earnings growth in "record" first half	23-09-12	AN
Transcript : The Property Franchise Group PLC, H1 2023 Earnings Call, Sep 12, 2023	23-09-12
FTSE 100 Rises, Led by AB Foods; Smurfit Kappa Slides	23-09-12	DJ
Earnings Flash (TPFG.L) PROPERTY FRANCHISE GROUP Reports H1 EPS GBX10.30	23-09-12	MT
The Property Franchise Group PLC Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-12	CI

Chart The Property Franchise Group PLC

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Company Profile

The Property Franchise Group PLC is a United Kingdom-based multi-brand lettings and estate agency franchising company. The Company is engaged in the residential property franchise business. Its segments include Property Franchising and Financial Services. Its brands include Belvoir, CJ Hole, Country Properties, Ellis & Co, EweMove, Hunters, Lovelle, Martin & Co, Mr and Mrs Clarke, Mullucks, Newton Fallowell, Nicholas Humphreys, Northwood, Parkers and Whitegates. Belvoir is an estate agent and lettings agent. CJ Hole specializes in residential sales and lettings, as well as property investment. Ellis & Co is engaged in residential sales and lettings. EweMove is a hybrid estate and lettings agency. Martin & Co is a high street property franchise. Mullucks is an estate agent in Essex and Hertfordshire. Newton Fallowell is an estate agent across the Midlands. With branches situated in 930 locations around the United Kingdom, the Company manages around 152,000 tenanted properties.

Sector

Real Estate Development & Operations

Calendar

2024-06-07 - Annual General Meeting

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4 GBP

Average target price

4.96 GBP

Spread / Average Target

+24.00%

Consensus

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Annual profits - Rate of surprise

Company calendar

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Residential Real Estate Development