Frp Advisory Share Discussion Threads

[mo123] 23/10/2013 14:24

Giles Hargreaves top AIM pick: Fairpoint Group has established itself as the market leader in the provision of debt management services such as Individual Voluntary Arrangements (IVAs) and debt management plans (DMPs), under which people who have run into financial trouble repay creditors in part or in full through a programme of regular payments.

'The company has more than 24,000 IVAs under management as well as 15,000 DMPs and an important part of its proposition is the no-obligation advice service it provides to around 130,000 people each year.

'Fairpoint is cutting costs and growing market share. It has already made three acquisitions so far in 2013, which have been funded from cash flow. Adjusted profits for the first half of this year were up 6% compared to the same period in 2012 and with a net cash balance of £2.8 million the management are planning investment for further growth.

'Fairpoint has already branched out into claims management and plans to continue with its strategy of diversification.'

So we have another fund manager who likes this one. Mo

[battlebus2] 15/10/2013 10:39

Just for clarity purposes i've decided to take my winnings here but GLAH.

[battlebus2] 30/9/2013 07:58

This as to be one of the most tipped shares i've ever held :))

[daicaprice] 30/9/2013 07:53

Expect to see £1.35 here today just on the tip, nice coverage.

DC

[jeff h] 29/9/2013 20:53

Tipped today by Midas:-

[battlebus2] 12/9/2013 07:39

Solid set of numbers with profit up and dividend up 10%

-- Outlook:
o Strong second half seasonality expected to be repeated

o Acquisitions made in the period will benefit second half

o Continuing development of the claims management business anticipated

Chris Moat, Chief Executive Officer, said:

"Fairpoint has reported a good financial and operating performance in the first half of 2013, building on the excellent results of 2012. The Group has continued to diversify its income streams and grown its profits in challenging market conditions for debt solutions services. Good progress in the development of the claims management proposition has been evident, and additional products are under development to ensure continuing momentum in this area.

"Strong cash generation has continued and with net cash of GBP2.8m and a GBP13.0m finance facility, the Group is well placed to build on the three acquisitions it has already completed in 2013.

"The Board is confident of delivering a solid financial performance in the current year and establishing the building blocks for continuing growth."

* Profit before tax of GBP2.5m (2012: GBP2.1m) plus amortisation of acquired intangible assets of GBP0.7m (2012: GBP0.7m) plus exceptional items of GBPnil (2012: GBP0.2m)

[battlebus2] 11/9/2013 15:17

Yes been on the receiving end of a few in my time though not for anything very large. Fingers crossed for tomorrow holders.

[pj 1] 06/9/2013 22:16

bb2
Slightly biased view. Had my own Business, did work for customer on faith, completed works to good standard, cheque bounced, guess who they went to????

fraudulent in my opinion, but the Government thinks otherwise

Sign of the times?

[battlebus2] 06/9/2013 21:01

PJ 1 that made me laugh, finding ethical companies is hard of late but i'll accept your praises non the less :))

Who knows what will happen on the 12th.

[pj 1] 06/9/2013 20:35

Just a bit, despite still being on my watchlist ( I took profits earlier) ive missed this rise.

Struggle with the ethics of this co though

Well done to those with less ethics who have done well ;-//

[pjhutchy] 06/9/2013 20:20

Seem to be breaking out nicely now

[battlebus2] 02/9/2013 23:28

Simon Thompson getting these motoring again and through to new highs :))
Looking forward to that growth strategy on the 12th.

[it_trader] 21/8/2013 10:14

Where was the tip birdsedgeuk?

[birdsedgeuk] 20/8/2013 18:03

Im same. In on last rns after reading tip

[smudgeroo] 20/8/2013 16:42

Yep, have to agree with you pjh.

FRP came up on one of my - scans last week so bought a maiden stake at 104p. Metrics look good.

ATB

[pjhutchy] 15/8/2013 15:07

The share price has finally moved. Good value here and off the radar. Gervais Williams diverse income trust (part of milton)holds a large chunk which is reassuring. A good strong company in a growing market and good value. A rerating is long overdue.

[pjhutchy] 31/7/2013 21:59

Nice to see the fund adding to their holding. Some decent buying today. Would have thought we would move higher. Maybee tomorow we will

[jeff h] 29/7/2013 10:50

Seemingly the PPI gravy train may have longer to run:-

hxxp://www.ifaonline.co.uk/ifaonline/news/2285290/banking-giants-to-set-aside-further-millions-for-ppi-compensation

[birdsedgeuk] 23/7/2013 21:42

Started looking into Fairpoint....see traderdiarycouk tweeted buyin at 104

[battlebus2] 23/7/2013 17:59

Yes still looks good , i await the growth strategy with optimism.

[morph7] 23/7/2013 15:27

I was happy with the RNS. Good profits are forecast, so for the board to declare everything is on track is great. I didn't expect 'ahead of expectations' as the forecasts are already pretty good. Roll on September!

[pjhutchy] 23/7/2013 15:11

All sounds like its going to plan.