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FRP Frp Advisory Group Plc

121.00
1.50 (1.26%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frp Advisory Group Plc LSE:FRP London Ordinary Share GB00BL9BW044 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  1.50 1.26% 121.00 390,619 13:46:36
Bid Price Offer Price High Price Low Price Open Price
120.00 122.00 121.50 119.50 119.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 104M 12.7M 0.0506 23.91 303.63M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:23:46 O 133,111 120.00 GBX

Frp Advisory (FRP) Latest News

Frp Advisory (FRP) Discussions and Chat

Frp Advisory Forums and Chat

Date Time Title Posts
11/4/202422:07FRP ADVISORY # INSOLVENCY PRACTITIONERS AND ADMINISTRATORS 680
19/4/202009:23FRP ADVISORY 28
14/4/202017:31A new lease of life? - that's a fairpoint ! !722
06/2/201714:32*** Fairpoint ***7
25/6/201209:38Fairpoint - Pointing in the right direction4

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Frp Advisory (FRP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:15:00120.00133,111159,733.20O
15:23:46121.601,0001,216.00O
15:22:58121.9722.44O
15:12:59120.007,5009,000.00O
15:06:10121.9789.76O

Frp Advisory (FRP) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Frp Advisory Daily Update
Frp Advisory Group Plc is listed in the Business Consulting Svcs,nec sector of the London Stock Exchange with ticker FRP. The last closing price for Frp Advisory was 119.50p.
Frp Advisory currently has 250,932,590 shares in issue. The market capitalisation of Frp Advisory is £303,628,434.
Frp Advisory has a price to earnings ratio (PE ratio) of 23.91.
This morning FRP shares opened at 119.50p
Posted at 11/4/2024 22:07 by thorpematt
I have bought a few of these. Have enough for the time being now I think.

Mostly insolvenices happen toward the latter part of a slowdown and in addition tend to be linked to higher cost of capital (which in itself takes a while to bite).

Also acting as a tailwind will be the potential for those companies with strong business models and balance sheets to acquire those in distress. FRP's M&A services should see a pick up in demand I believe.

Broker's forecasts have seen a pick up of late. Converesely the share price has continued to bottom out. We are still below both 50 and 200 day MA.

Might take a little while to play out, so the strong divi will come in handy.
Posted at 13/2/2024 13:31 by bluemango
Breaking news - FRP have been appointed administrators for the Body Shop.

One of the highest profile contracts they've secured.
Posted at 12/12/2023 10:49 by adipsia1
The issue with BEG is that they are in the high volume but low value insolvency burial market. Volumes will undoubtedly increase for them in the current economic climate but what won’t change is the meat left on the bone of a corpse, and from which they derive their fee-income… hence their diversification into a hotch-potch of other seemingly unrelated business areas.

FRP operate in a totally different territory where they gain income from suffering but solvent businesses through restructuring, refinancing and possibly a sale, and collect fees from each of these areas.

Hopefully that will go some way to explaining the fundamental differences between FRP and BEG and their massive differences when it comes to margins.
Posted at 12/12/2023 08:05 by rimau1
FRP coning into a sweet spot with the interest rate lag effect. Trading ahead of expectations i now pencil in a conservative adjusted eps of 10.3p for FY24 and with net cash on the balance sheet this is undervalued by historical standards. Operational leverage is a beautiful thing.
Posted at 12/12/2023 07:40 by adipsia1
Stunning H1 results released this morning. Fee income up 19%, EBITDA up 34%. Administration numbers up 117% compared to same period last year and Admin market-share up from 13% to 20%. Interesting to see a conservative board state that they will beat consensus forecasts and place an estimate on FY income and profits, presumably down to good WIP forecast ability. Surely a PE re-rating is overdue here ?
Posted at 02/11/2023 13:45 by adipsia1
Looking at statistics from Insolvency Insider FRP have had 42 Administration appointments this month alone and have had 231 Administration appointments this year putting them 100 ahead of Begbies.
Posted at 12/9/2023 09:16 by adipsia1
Interesting acquisition of Wilson Field announced this morning. Although WF are based in Sheffield they have a nationwide online presence at the lower-end of the insolvency market and appear to be a well-run outfit.

The acquisition appears to offer FRP access to smaller, volume-based insolvency cases - particularly through online marketing - and also gives them a presence in South Yorkshire to promote all of their services.

Potentially it also gives them the ability to differentiate their services without losing focus from their core mid-market targets. Looking at fee income and potential EBITDA uplift it looks like a smart acquisition.

Time will tell.
Posted at 04/9/2023 16:03 by adipsia1
Just been checking Administration appointments from the Insolvency Insider website and during July and August, FRP booked 49 appointments. Not only does this place them in 1st position, but they have received over twice as many appointments as the 2nd IP Leonard Curtis. Great to see that the Administrations tap seems to be fully on and that the boards conservative predictions are playing out. The stock is looking very cheap at this point.
Posted at 23/2/2021 13:26 by bluemango
Extraordinary. Timetable of restrictions being lifted (therefore clearer sight of likely end of Government support for ailing businesses) and yet FRP share price drops back. That's the AIM market for you, not always rational.
Posted at 17/7/2020 00:05 by bluemango
And another reported earlier today. Trenchard Aviation, £24 million turnover, gone into administration and handled by FRP. Hopefully in many of these cases the result will be survival but in a different form and ownership.

Odd that the FRP share price isn't yet reflecting this rapid acquisition of significant new clients, but if you've got determined sellers for whatever reason (presumably original placees at 80p looking to redeploy) then it just requires patience. Annual results next month should spark more interest. Current forward yield is around 3.3% based on 3.9p dividend in 2021, so would have thought further downside from here is limited.
Frp Advisory share price data is direct from the London Stock Exchange

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