Frp Advisory Share Discussion Threads

[jeff h] 19/9/2014 14:56

One of the IC's main tips in todays issue.

Interesting webinar last week organised by Equity Development.

[santangello] 19/9/2014 09:50

Maiden purchase today....

[snadgey] 28/6/2014 09:41

Bargain at this price imo. Awaiting the next leg up...?

[cwa1] 21/5/2014 07:25

New Enlarged Bank Facility

Fairpont Group plc ("Fairpoint" or "the Group"), the leading provider of advice and solutions to financially stressed consumers, is pleased to announce the signing of a new, enlarged GBP20m banking facility with AIB Group (UK) plc ("AIB"). This facility replaces the Group`s existing committed GBP13m facility with PNC Financial Services UK Limited ("PNC"), which was due to expire in April 2016.

The new committed facility, which is secured and has a five year term, comprises a GBP12m revolving credit facility and an GBP8m term loan. The term loan will be used to finance the initial cash consideration and deal costs relating to the proposed acquisition of Simpson Millar LLP ("Simpson Millar"), which was announced on 9 April 2014. The loan will be drawn down on legal completion of this acquisition, which is subject to approval by the Solicitors Regulation Authority ("SRA") and is expected to be completed by 30 June 2014. GBP5m of this loan is repayable during the 5 year term and GBP3m will be repayable at the end of the 5 year term.

The Group will incur one-off legal, professional and other charges associated with this refinancing of approximately GBP0.5m in the first half ended 30 June 2014.

Chris Moat, Chief Executive Officer of the Group, said:

"The new facility supports the proposed acquisition of Simpson Millar and provides long term financing to underpin the Group`s strategy of diversification of its income streams, by both organic growth and acquisition."

[jeff h] 10/4/2014 15:48

I'm still in and added not long back.

At the recent webinar I asked about the sustainability of the PPI income stream and was pleased to hear that there's 2-3 years more revenue from it to come as the banks have only paid out 33-40% of the provisions that they have made and indeed have been increasing them. Acquisitions will also bolster the lifespan.

Not sure what to make of the latest acquisition, will hold and wait and see how it turns out.

Equity Development like it though and have today increased their forecasts:-

Y/E 31/12/14 Pre Tax £9.12m EPS 16.50p Div 6.40p

Y/E 31/12/15 Pre Tax £10.0m EPS 18.00p Div 6.80p

[penpont] 10/4/2014 13:21

Surprised at the lack of interest here, esp after yesterdays earnings enhancing acquisition. ST in the IC today reiterates buy advice with new price target of 190p plus talk of earnings upgrades for 2014 of 1-1.5p.

[speedsgh] 17/3/2014 14:40

Simon Thompson IC tip today. Price target 165-170p.

[bookbroker] 17/3/2014 14:30

Still we might just have a breakout here on the cards if the momentum can be maintained!

[bookbroker] 13/3/2014 14:37

So much for fund managers, Giles Hargreaves - Miton, thinks this is a great co., he's even put a lot of investors money in it, clearly it is not what others think, the most boring co. I have ever invested in myself, they need to sharpen their pencil this co., on a rating that suggests growth going nowhere in this low interest environment.

[pj 1] 13/3/2014 10:49

Not currently holding. I struggle with this Industry. Living near Grantham and Newark we have a success story called Totemic (payplan) which has been a remarkable success story. They now operate from 3 sites with talk of a fourth.

The local MP (Mercer-probably for not much longer) has been lobbied about the profits from misery brigade.

I can't help thinking surely stricter legislation will be brought in to control these profits? Creditors must be fuming.

Anyway good luck....still on w/l

[bookbroker] 13/3/2014 10:10

Possibly the dullest stock on the LSE., personally it seems undervalued, but it's not for budging, maybe we need a bit more financial hardship befalling the UK popn., try and get the IVA side of things moving, or maybe they themselves ought to attract a bidder!

[topvest] 21/1/2014 21:12

Yes, seem to be re-balancing the business nicely into 3 more evenly balanced areas.

[aspex] 21/1/2014 07:13

Trading statement as expected.
Everything in line with continuing diverting toward beneficial product mix.

[bookbroker] 14/1/2014 09:04

Seems to be showing consistent weakness, awaiting the trading update with trepidation, persistent selling for about six weeks now concerning!

[michaelmouse] 11/1/2014 19:56

hxxp://michae1mouse.blogspot.co.uk/2014/01/fairpoint-and-h-group.html

Michael.

[michaelmouse] 05/1/2014 20:16

hxxp://michae1mouse.blogspot.co.uk/2014/01/the-low-pe-small-cap-high-yielders-vs.html

Michael.

[topvest] 27/12/2013 08:47

I've bought in to the Fairpoint story; looks a nice growth story that is unfolding and the price is very reasonable with a 5% yield. In a few year's time you can possibly see this going to £3-4 - maybe c20p earnings in 2 years or so and a re-rating as a growth stock (i.e P/E in the 15-20 range).

[mo123] 26/11/2013 16:49

From Equity Development Research dated 25/11/2013

Conclusion reads:

We are maintaining our forecast for adjusted profits of £8m, leading to eps of
14.5p and dividends of 6p for 2013, followed by £8.5m, 15.4p and 6.4p for 2014.

At anywhere near the current share price the group's yield is significantly
higher, and its PER significantly lower, than the market. As Fairpoint is
both cash-positive and simultaneously cash-generating, and growing its
business, we are of the view that it remains undervalued.


If forecasts are met, yields are 4.6% for this year and 4.9% next. Mo

[morph7] 05/11/2013 08:21

Any links to article?

[battlebus2] 05/11/2013 08:09

Tipped again yesterday i believe.

[aspex] 05/11/2013 08:08

Waking up?