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FRP Frp Advisory Group Plc

114.50
0.00 (0.00%)
Last Updated: 08:00:00
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 114.50 114.00 115.00 114.50 114.50 114.50 83,349 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 104M 12.7M 0.0506 22.63 287.32M
Frp Advisory Group Plc is listed in the Business Consulting Svcs sector of the London Stock Exchange with ticker FRP. The last closing price for Frp Advisory was 114.50p. Over the last year, Frp Advisory shares have traded in a share price range of 103.50p to 147.00p.

Frp Advisory currently has 250,932,590 shares in issue. The market capitalisation of Frp Advisory is £287.32 million. Frp Advisory has a price to earnings ratio (PE ratio) of 22.63.

Frp Advisory Share Discussion Threads

Showing 476 to 500 of 1450 messages
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DateSubjectAuthorDiscuss
09/5/2016
21:42
New Equity Development note...Q1: trading on track - HTTPS://www.equitydevelopment.co.uk/index.php?p=research/company/141/1/
speedsgh
09/5/2016
15:22
Hi folks, I have provided some analysis of FRP at ShareProphets:

www.shareprophets.com/views/20610/fairpoint-worth-a-second-look-on-share-price-weakness

rndm355
09/5/2016
12:25
any other news popping up today?
sportbilly1976
09/5/2016
11:31
agree with the last 3 posts. a good opportunity to buy a bit more!
qvg
09/5/2016
10:00
Drop a bit overdone especially as the price before today already had a soft undertone.
aspex
09/5/2016
08:33
Agreed Masurenguy. Whilst it wasn't a sparkling update, I don't think it's merited the 12% fall in shareprice. BWTFDIK
imranawan
09/5/2016
08:20
"Steady as she goes" type statement. Big markdown at the open on a small trading volume. If the dividend is maintained this year then the yield on this mornings price is 5.3%

AGM statement - trading update

Fairpoint Group plc, one of the UK's leading providers of consumer professional services, announces the following update on the Group's performance for the first three months of 2016, ahead of its Annual General Meeting being held later today. Overall the Group is performing in line with management expectations during the historically quieter first three months of the year.

The first half of the year is anticipated to feature:
- Growth in the Legal Services division to reflect the additional contribution from the acquisition of Colemans-CTTS LLP and CT Support Services Limited ('Colemans');
- Good progress on the integration of Colemans and Simpson Millar, albeit with a quieter than anticipated start to the year in conveyancing, given housing transactions have not been as expected;
- the Group's continued investment in infrastructure to enable the pursuit of acquisition opportunities to further develop the Legal Services platform;
- As expected, market conditions in the Group's core debt solutions market remain challenging and focus remains on cost control.

The Board anticipates providing a further update in July following the half year end, ahead of the half year results announcement scheduled in September 2016.

masurenguy
09/5/2016
08:18
something not smelling good then rogash!

any news over the weekend, can't imagine this fall is one the potential comments at the AGM?

sportbilly1976
06/5/2016
09:53
AGM on Monday, perhaps something in the air.
rogash
21/4/2016
15:24
mmm, an interesting flurry of buying coming into the close - 138p trades during the day have been buys also
sportbilly1976
19/4/2016
14:24
2x 50k buys....possibly a Director? (mid price trades imo have been buys today)

looking like the next acquisition needs to be of a similar size to Colemans to make any real impact on the sp

back in on the trend line bounce

sportbilly1976
04/4/2016
10:53
Typical - bounced off the Fib retracement and long term support line!
sportbilly1976
31/3/2016
10:23
Glasshalful, good call on your 453 post. I also sold out on that day and took a small loss. Could have been a lot worse.
magicmayhem
31/3/2016
08:31
mmm, losses cut this am.

140p support not holding, 15% drop since the results. For those left, hopefully the 130p level holds firm

sportbilly1976
29/3/2016
12:49
140p level hopefully to offer up some support, looks a reasonably strong support/resistance level.
sportbilly1976
22/3/2016
12:56
Sportingbilly - Sorry to see it's still going down. I just called it as I saw it at the time & thought I owed an explanation having only bought in a couple of days before.

You're no doubt aware that I've been a ZULU investor for quite sometime and while historic earnings are on a nice trajectory, forecasts indicate little in the way of earnings growth due to the drop off in expectations from the Debt side.

I believe that FRP will make some form of earnings enhancing acquisition, but my concern is that they'll ratchet up net debt considerably &/or take on further contingent consideration which may impact on the balance sheet for years to come. I'm not comfortable with that.

They certainly aren't expensive on the PER multiples you've quoted, but remember to factor in the current debt position. On an EV basis they look more like fair value IMHO.

I wish you well.

Kind regards,
GHF

glasshalfull
22/3/2016
11:34
A few buyers and then 3p over the quoted offer for just 1000 shares ??
sportbilly1976
22/3/2016
09:29
well I have to say, GHF, you certainly timed your sell well :)

I definitely didn't expect this reaction to the results and forward guidance

sportbilly1976
22/3/2016
08:53
Support coming up and also 50% Fib retracement too around the 147-148 level
sportbilly1976
21/3/2016
13:38
Webinar replay available here:
carcosa
21/3/2016
10:06
Looking at the factsheet on the website:

Revenues over the past 3 years:
£28.4mln, £38.3mln & £54.1mln

PBT - £8.0mln, £9.3mln, £10.6mln
EPS - 15.03p, 17.17p, 19.29p

these are approaching Zulu territory...

As said above, the DMP and IVA sector has been milked of cash, and more than repaid itself over the cycle (one to keep on the back burner should there be a recessionary dip towards the end of the Parliament in 2019-20 maybe?)

The legal services side will grow both organically and by M&A and the margins here are healthy. Yes there is further dilution to come, but I would expect the hurdles to clear for these to be triggered will be substantial, challenging and benefit all shareholders in terms of improved revenues & profit which should outweigh the drag any additional shares bring.

edit: Mgmt have significant options over the coming 12 months which start to vest, but only on the share price going over 200p for a period of time....this share price puts the Group on a p/e of just over 10x, hardly a challenging multiple

sportbilly1976
21/3/2016
10:02
I'm with you Buffeteer. You can chop and change too much. I thnk we have good management and will continue to support
montyville2
21/3/2016
10:02
I'm with you Buffeteer. You can chop and change too much. I thnk we have good management and will continue to support
montyville2
21/3/2016
09:52
one has to calculate what you think the business is worth. I think it is quite undervalued on 8x earnings with high cash flow. This more than reflects the company in transition .they have successfully milked the declining divisions for cash which is rightly being invested in growth areas where they think they can add value . Im inclined to see how they get on this year in legals and trust the management
buffetteer
21/3/2016
09:34
Yep, good post GHF. Must admit to reassessing and coming to the same conclusion, so I sold my small initial stake on Friday. Nowt particularly wrong, but as GHF says perhaps not too much upside, especially given the lack of EPS progress over the next couple of years.

Cue a large earnings-enhancing acquisition and large share price rise :o))

rivaldo
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