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 CV and What I would suggest if I was on the Board

----------- Share price: - Last deal batches, June 2019, done at €0.90 -----

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.


Latest News - 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 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 ???

Oct 1st - FBD Holdings pays €86m to cancel €70m Fairfax's Convertible loan, but FBDplc bails Holdings out AGAIN by taking €20m of a €50m unsecured, 5% Loan Note.

My Comment : - This is more bad news than good news


Aug.1st FBD Holdings 6 months results

31st May - How to REGISTER and VOTE ONLINE

16th May. The Board announces that it is recommending Jer Bergin and TJ Maher as nominated "shareholder representatives" instead of me at the 2018 AGM.
I'd take that as an insult to the intelligence of ordinary shareholders !
The Board thinks TJ Maher, who has been on the Board for 10 years, has drawn circa. €40,000 in directors fees, but has only 500 shares, will represent your interests as shareholders better than me, who has 60,369 shares.

21st Mar - After the stock market closes, FBD Holdings warn that Storm Emma will cost them up to €8m.

27th Feb - FBD Holdings. - Results 2017. - €50m profit before tax. Proposed dividend of 24 cents (€) per share. Full year Return on Equity of 17%. Full year Combined Operating Ratio of 86%. Gross Written Premium up 3% to EUR372m. Solvency Ratio improved to 164% from 127%

My comment: - With a return to dividends from Holdings, an increase in the book value of our Holdings shares, and a profit from the Geneva sale, I would look for a small increase in our dividend to help support and raise our shareprice. [ 16th May - we got it ! ]

Jan 30th. 2018 - my comment - The share trades on the Company site have not been updated in 9 months. How are shareholders going to judge what the current market in the shares is ? (Update - 6th Feb. - the website now displays a trade from Aug.)(Update#2 - 30th May - now shows a trade from April @ 90c)

- 27th Dec.2017 - FBDplc buys out original partners to increase stake in Development Lands at the delayed Berlin Airport - Is this wise move ?

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, 2019, 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