Fletcher King
FLK · AIM · Real Estate · mcap £3.5m · 31.0p
Fletcher King is a UK commercial property consultancy offering agency, investment, valuation and management advice. It earns fees from transactions and from steadier recurring work such as property management.
The case for
- FY2024 profit before tax beat prior year several times over and the dividend tripled, showing earnings can jump when deals complete. 3 May 2024 16 Aug 2024
- Cash was £3.7m at April 2026 and a 20p special dividend was paid, showing a strong balance sheet. 7 Oct 2026 19 Jun 2026
- CM Strategic 613 raised its stake to about 30%, and Arrowsmith Partners disclosed 5%, showing investor interest. 29 May 2026 29 May 2026
- Facilities management insourcing is expected to add about £270k a year of recurring revenue. 19 Dec 2025 7 Oct 2026
The case against
- Adjusted profit fell from £504k in FY2024 to £373k in FY2025 and just £22k in FY2026. 15 Aug 2025 7 Oct 2026
- No final dividend was proposed for FY2026, against 2.25p the year before. 7 Oct 2026
- Revenue fell about 10% in FY2026 to £3.5m, and non-transactional growth targets did not offset weaker deals. 7 Oct 2026 15 Aug 2025
- The planned technology investments and part-sale are unproven and depend on shareholder approval, while three directors retire. 7 Oct 2026 19 Jun 2026
Both sides use only facts from the company's announcements · not investment advice
Company filings. Not investment advice.