Frp Advisory Share Discussion Threads

[a1pappadingdong] 16/3/2016 08:41

Just bought a load in IG, off to stock up in my ISA now before it rises any higher.....

[stegrego] 16/3/2016 08:40

Just bought a few at 151.
Unsure of reason for drop, looks fine to me.

[a1pappadingdong] 16/3/2016 08:35

Was thinking the same thing. Just waiting for it to stop falling to buy in. Didnt see anything wrong at all, quite the opposite.....

[wilk1] 16/3/2016 08:34

Just bought 4000.

[pj 1] 16/3/2016 08:33

Just thinking the same. Were the write downs unexpected?

[wilk1] 16/3/2016 08:26

Have I missed something here ??

[edale] 14/3/2016 20:51

Results Wednesday 16th March.

[carcosa] 24/2/2016 14:04

You can now register for a webinar of Chris Moat, CEO and John Gittins, Finance Director presenting the full year results for Fairpoint on Thurs 17 March 3.45pm

hxxps://attendee.gotowebinar.com/register/7470308871280069124

[shauney2] 01/2/2016 13:49

Cheers speed.Nice gap to fill if it can break.

[speedsgh] 01/2/2016 12:48

IC's Simon Thompson has updated on FRP today + maintains his target price of 200-220p with a 'Run Profits' recommendation.

[speedsgh] 01/2/2016 12:46

Adoption of Financial Reporting Standard FRS 102 -

[spob] 22/1/2016 09:05

added to my holding this morning

[cliveas] 21/1/2016 20:39

Research analysts at Panmure Gordon started coverage on shares of Fairpoint Group Plc (LON:FRP) in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The brokerage set a “buy” rating and a GBX 200 ($2.85) price target on the stock. Panmure Gordon’s price objective points to a potential upside of 37.93% from the stock’s previous close.
Shares of Fairpoint Group Plc (LON:FRP) opened at 140.8401 on Wednesday. Fairpoint Group Plc has a 1-year low of GBX 105.66 and a 1-year high of GBX 195.00. The company’s market capitalization is GBX 61.73 million. The company has a 50-day moving average price of GBX 145.14 and a 200 day moving average price of GBX 161.84.


Separately, Shore Capital reiterated a “house stock” rating on shares of Fairpoint Group Plc in a report on Tuesday.

[hannahh] 19/1/2016 11:53

Note from Equity Development giving further clarification.

[cliveas] 19/1/2016 10:34

LEEDS-BASED law firm Simpson Millar expects to continue to grow quickly after delivering a big increase in revenues in 2015.

The consumer law firm, which is part of the stock market-listed Fairpoint Group, said it had achieved "significant double digit increases in segmental revenues and profits" while also improving its margins.

The firm became part of Fairpoint in June 2014, in a deal worth an initial £9m , with a further £3m earned after a strong first year post-acquisition. There is a further £3m earn-out available based on its performance in the second year.

In August Colemans-CTTS became part of the £40m legal services division, which now provides about two-thirds of Fairpoint's revenues.

The deal included Coleman's legal processing centre which will help the group to deliver volume personal injury, conveyancing and travel law.

Fairpoint's chief executive Chris Moat said: "Fairpoint has delivered double digit growth, driven by the strong progress in growing its legal services business.

"Having established our legal services platform, the group is well placed to take advantage of the considerable opportunities within this market, both organically and by acquisition. We believe our platform provides us with a structural competitive advantage which suits forthcoming market changes.

"Overall, we are confident of our positioning and our growth prospects."

The AIM-listed professional services group says it sees further growth in the legal services market, despite the government's crackdown on whiplash claims, as announced unexpectedly in the Autumn Statement.

Responding specifically to the proposed changes relating to small claims limits and whiplash claims and subsequent clarification in the Government's position, Fairpoint said this area of work accounted for around 8% of 2015 revenues.

It added: "As noted previously, the group believes that its recently acquired legal processing centre positions the Group advantageously to manage such legal work at low cost."

[adamb1978] 19/1/2016 10:00

Nice trading statement. PE of 7.5x, double digit growth, decent yield.....this is way to cheap.

[cliveas] 19/1/2016 09:43

Directors Talk

(can't do link doh!)

Miton Group Fund Manager Gervais Williams Stock picks for 2016

One of his two is Fairpoint.

Undervalued with a p/e 7.1 and dividend 4.7%

Sees organic growth with debt well managed and offset by cash holding.

[glaws2] 19/1/2016 08:20

News seems to be missing from a number of sites. Market reacting well to the news.

[cwa1] 19/1/2016 08:05

Market seems to be reasonably relaxed with this morning's Trading Update.....so far....

[glaws2] 11/1/2016 12:58

About time they started to recover from the (imo incorrect) association with the ambulance chasers.

[tudes100] 11/1/2016 12:34

looks like we have a little momentum finally

[wilk1] 08/1/2016 14:31

Volume today, my word this is cheap !! Took 5000 myself earlier.

[masurenguy] 29/12/2015 13:36

Worth reviewing the current list of institutional shareholders in Fairpoint. They have remained fairly constant over the past 6 months, except with Hargreaves reducing their stake by circa 10% and Henderson increasing theirs by circa 20%.

Miton Asset Management: 11,165,560: 25.47%
Hargreave Hale & Co: 8,148,925: 17.85%
Ashcourt Rowan Asset Management: 2,549,178: 5.82%
Henderson Global Investors: 2,549,706: 5.81%
Invesco Advisers Inc: 1,852,500: 4.23%
Schroders Investment Management: 1,721,600: 3.93%
Hargreaves Lansdown: 1,491,477: 3.40%
Simpson Millar LLP: 1,415,529: 3.23%

NB: At todays Offer price of 132p the annual yield is 5.15%

[smith99] 29/12/2015 12:20

Is it just me or do these look cheap despite the recent news?

[treeshake] 09/12/2015 19:12

I saw what you did there ! :-)