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The Property Franchise Group - Well-received results drive shares higher

April 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

TPFG has been one of the few to show relative strength in soggy markets, and helped by a strong year-end update, the shares rose to 440p. Revenue increased 146% to £67.2m, thanks to the transformative acquisitions of Belvoir and GPEA, which added material scale and market reach. TPFG now manages 3% of the private rental sector with 153,000 (2023: 78,000) rental properties. Its franchise network sold 30,000 properties making it the largest property franchise business in the UK. Lettings managed service fees (MSF) grew 93% to £19m (8% like-for-like) whilst sales increased by 48% to £9.3m (15% underlying). Meanwhile its financial services (FS) offering has been materially enhanced, delivering over 23,000 mortgages in FY24. FS ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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