In pole position for re-rating

Simon Thompson

Simon Thompson
In pole position for re-rating

Since hitting an all-time high of 48p post a robust set of full-year results in June and smashing through my medium-term target price of 40p in the process, shares in Aim-traded Eastern European property fund manager First Property Group (FPO: 39.5p) have drifted. I initiated coverage at 18.5p in my 2011 Bargain Shares portfolio and last recommended running profits at 45p post the fiscal 2015 results ('Bargain shares updates', 16 June 2015).

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