FBDplc.com
Farmer Business Developments plc
Why set up this website? . . . Who is Brian Marshall? . . . Suggested Improvements for FBDplc
VOTE for me in 2019 . . . How to Contact me . . . How to SELL shares

Welcome to FBDplc.com
This page has the latest news affecting the Company, and my comments.

Brian Marshall ATCL. - My CV and What I would suggest if I was on the Board

----- Share price: - from the official Company website is that the last deal, Nov 2019 was done at €1.10
I know that a deal has been in principle agreed in Sep. 2020 at €0.90 (Ninety Cents) because I'm the potential buyer !

FBDplc.com Shareholder Survey (run independently by SurveyMonkey)

This is the FIRST time anyone has ever asked the ordinary shareholders for their opinion.
Please take 1 minute to fill it, ( it's 10 yes or no answers ) and please tell other shareholders.


FBDplc News archive 2019



Dec.18th 2019 - Dalata Hotels - Read across for FBD Hotels and Resorts (formerly FBD Property & Leisure) ?
"The Dublin market in the second half of 2019 has proved more challenging than expected with RevPAR for the market down 3.2% for the 11 months to the end of November compared to a decline of 1.4% for the first half of the year. The Dublin market continued to be impacted by the VAT increase, the additional supply of hotel rooms and a reduction in the number of events in October and November."

Dec 18th - FBD Holdings announcement timing 2020 - Results for 2019 Thursday 27 February,
AGM - Friday 8 May & Half Yearly results - Friday 31 July

Nov. 29th - June AGM statement "The Directors intend to convene an EGM after the October cash receipts to recommend that the shareholders approve a substantial special dividend to be paid early in December"
Today, without EGM and with only a brief news release, the Company has paid a much smaller than earlier indicated 'interim dividend' of 9 cents. WHY?
We were told €26.122m total was available for distribution."The directors intend to pay off 50% of our company’s bank borrowings which stand at €17.5m and set aside cash for contingencies, unexpected events and unexpected or anticipated cash calls, and future investments." That could have left €10m for the Special Dividend - 18 cents, not the 9 cents we got.
This, to me, looks like the old "We know better what to do with your money than you do" attitude the Company had throughout some of it's past investment calamities.
EDIT:- I phoned the Secretary. His answer was that they decided to save money by not having an EGM. Any news on the land deal progress "is strictly confidential"

Nov. 29th. 5 MONTHS after the last share sales were reported, at last the Farmer Business Developments website has published an up-to-date share dealings list. Latest price €1.10. Approx 387,000 dealt across 11 deals

Oct. 25th Fiona Muldoon is to leave her position as Chief Executive of FBD Holdings. She has agreed with the board to stay on until October 2020.

Oct.10th. While we still await news of the size of the special dividend, and the EGM that was promised for October to ratify it, it's worth noting that the shareprice on the Company website has not been updated since mid June. We need a more timely display of transaction information for buyers and sellers.

Oct.1st. Yet again we had National The Ploughing Championships without any representation from, or about, the Company.
So how are we going to find new shareholders if we keep this as a "our little secret , nudge, nudge, wink, wink, insiders club"?
We need to open the register to every potential new rural shareholder, and scrap the totally un-necessary, totally restrictive, 3 year IFA membership and FBD usage rules.

Aug. 1st. FBD Holdings 6 months results. - Profit doubles to €95m due to mild winter. Premium level static. Market described as very competitive

July 11th. Holdings results will be announced on Aug. 1st

June 8th - Report from the AGM, including some great news of a special dividend and a profitable exit from the Brandenburg property.

May 18th - The 2018 Annual Report has arrived.
Good points : - 1] The divident has been increased
2] FBD Hotels and Resorts profit has increased and the division seems to be going well,
and 3] FBD Holdings has resumed dividends

Bad points:- 1] Losses and delays continue at Bulberry.
2] Debt has greatly increased
3]Directors continue to show very little faith in the future of the Company.
In spite of a "generous" 6c dividend, Director's fees of €6500+ each, AND a shareprice that was as low as 85c for months, NO DIRECTOR INCREASED THEIR HOLDING. (apart from 1 who got his first thousand shares)
It is an insult, imho, that the Chairman continues to remind shareholders of the 10% Insurance discount for holders of 10,000+ shares, when 6 members of the Board own between 500 and 5185 shares.

10th May. FBD Holdings AGM Trading update. - Steady trading.

27 Feb. Holdings report results for 2018. The results are very slightly back on last year, but their dividend has been doubled to 50c.

My Comment. - I was quite happy with this until I was reminded, at "Note 5" in the accounts that in October "
As part of the subordinated debt investment, Farmer Business Developments invested EUR20.0m " Our debt has been increased yet again. It could now be over £70m. So, despite Holdings doubling the dividend, I expect little or no increase in Development's dividend as we pay down our huge debt. Yet again the farmer shareholders of Developments will have make sacrifices to placate the returns to the Corporate investors of Holdings.]
It is now also very likely that Developments will make a loss for the year, after taking a Balance sheet hit of €10m+ in the value of our shares in Holdings

Jan 27th 2019 - CAPA reports that A) Berlin Brandenberg Airport is on schedule to open by Oct 2020. B) FBB, who oversaw the first terminal's construction fiasco, have now got permission to build a second terminal, before the first has been opened. C) Schonefeld is now set to become Brandenburg's T5 terminal, operating to 2025.

Dec. 4th 2018 - FBD Hotels and Resorts buys Heritage Hotel and Spa in Killenard, for €9m, €3.5m more than it’s previous owners paid for it in 2014.

My Comment: - More debt ???

ARCHIVE NEWS AND COMMENT 2018

ARCHIVE NEWS AND COMMENT 2017

ARCHIVE NEWS AND COMMENT 2016

So why have I set up this site ? I, as a shareholder with more shares than that declared by any Board member, am fed up with being in the dark as to how this Company is being run. I'm not happy about it, and neither should you be. I intend using this site to ask questions that should have been answered long ago, should be answered now, and may need to be answered in the future.

I also want to try to get enough backing from you the Farmer shareholders to put myself forward for election to the Board, where, if elected, I can ensure openness and less secrecy.

This year, 2020, VOTE FOR ME - register online HERE or post your ballot back.

& I will make suggestions to the Board on how to correct THE 2016 CONSTITUTION which is faulty in my opinion.

I want to work for the good of OUR Company and I want ALL shareholders to know what's going on in OUR Company.

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FBDplc - Farmer Business Developments PLC