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Property Franchise Group – confident “at least in line with” expectations from an already share tip

By Tom Winnifrith & Steve Moore | Friday 9 August 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as “the UK's largest multi-brand property franchisor”, recent tip Property Franchise Group (TPFG) has issued a trading update including noting “net debt of £14.3m after borrowing £20m to fund the acquisition of GPEA (H1 2023: net cash of £0.7m)” and that it “is confident that trading remains at least in line with market expectations for the full year”. How do those compare to a current 463p share price, £295.2 million market capitalisation?
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