Frp Advisory Share Discussion Threads

[felix99] 05/1/2010 14:03

Think it will be very upbeat - lots of major players gone and they and CLEA only quoted major players left in town barring a couple of big private outfits

The best news is the seller has gone. This has had plenty of buyers but has gone nowhere as constant seller providing stock. Seller seems to have gone or perhaps knows things are good and waiting for a higher price.

Either way - I am very happily stocked up and added a few more at 56p the other day before it finally budged :-)

Tally ho to £1 which is fair value I reckon. It has kitchen sinked everything and its now a printing press paying down debt

Nice 100k buy by Hanover guy recently too.

Everythnig looks right about this is all I can say ....

[venture traveller] 05/1/2010 10:23

What do you reckon to the RNS, will be upbeat - better results, or about the same?

[venture traveller] 05/1/2010 09:30

Nice rise today. Does anyone know why?

gogoneko?

[gogoneko] 05/11/2009 16:40

These are relevant links for sector operators - obviously if the listed companies are behaving themselves I see this as a positive move in removing dodgy enterprises :




Debt Management Compliance Review 2009

The OFT announced on 3 November 2009 that it is undertaking a formal compliance review of the Debt Management Guidance.

The aims of the compliance review are to assess compliance levels across the industry, identify the reasons for any non-compliance and to obtain feedback on the Guidance itself. The review will inform any subsequent revision of the Guidance.

As part of this we are contacting debt management businesses, lenders, trade bodies, free and independent advice agencies, consumer organisations, local authority Trading Standards Services and other interested parties inviting their views.

We would welcome your feedback and if you would like to take part please use the relevant link to complete a questionnaire. Please ensure that you complete the questionnaire that most closely represents you/ your organisation.

* licensee
* consumer bodies, including free independent advice agencies
* consumer representative organisations
* Trading Standards services
* any other organisation
* consumer complaint form (Word 139kb)

The closing date for completion of the questionnaires is 25 January 2010. We anticipate publishing a report of the review in Spring 2010.

Further details about the compliance review can be found in the press notice or from [e-mail]. Alternatively please contact us on 020 7211 8318.

[gogoneko] 30/9/2009 19:24

Frightening statistics :

[investinggarden] 29/9/2009 10:25

Hold recommendation from Growth Company Investor

[felix99] 28/9/2009 18:54

1 page write up of recent results fwiw .

These guys are usually paid for by the Company to do independent research.

[gogoneko] 25/9/2009 18:11

Analyst presentation from interims if anyone's interested :



Edison also issued a note on Sept 17th :



Investors Chronicle also seemed to mention them yesterday :

[moreforus] 19/9/2009 07:01

I only posted here as CLEA was mentioned as a switch into FRP.
I never understood why owning a stock is almost as tribal as supporting a football team - i guess money brings out our most basic emotions.

So putting the tribes to one side, there should be a research note out next week, have a read..I really cant see CLEA abandoning their IVA business in the face of FRPs business model. I owned ACG but sold out into the bid news. ACG decided IVA business couldnt be made to pay and sold the portfolio on. CLEA make a third of their revenues from ivas - cash cow however is dmp which they make the rest. They have a low cost model which means they can take on cases that would be too small for the others in the market. FRP is mature and established and on a p/e basis for current revenue undervalued. CLEA is the new kid on the block and intends to grow and is undervalued on projected future earnings. Both have upside but CLEA, could be a multiibagger as it is a growth stock.

Depending on your appetite for risk and investment objectives should determine portfolio asset allocation weighted across sector and within sector. Clearly debt management should sadly be a good place to invest for at least the next 2 years for macro economic reasons. Whether you should buy CLEA, FRP - i'd buy both and weight them according to your risk appetite. I have a diversified portfolio but i'm looking for aggressive growth so i always weight the balance towards riskier assets.

[markktm] 18/9/2009 21:34

Moreforus..... you ramp CLEA on every board where I see your name!!!!! (Fair play to you!)

but..... CLEA is peanuts compared to FRP much better with a solid company who have a strong presence and solid marketing an IVA acquisition plan than CLEA as they scratch around for very few IVAS - just look at their volume!

Says it all why the likes of Accuma etc have got out of this market - they need the solid infrastructure that a company like FRP have. CLA just don't have the scale to achieve & FRP is clearly the buy in this market

Each to their own!!!!

[moreforus] 17/9/2009 10:10

and they havnt read the research note from march that gives next years guidance as 1 to 3 million...

[moreforus] 17/9/2009 10:07

they obviously havnt seen the outlook for the next year - CLEAs a growth stock...!

[gogoneko] 17/9/2009 10:05

Apparently HoodlessBrennan are recommending investors to sell CLEA and buy FRP!

[gogoneko] 16/9/2009 19:57

Unusual share price activity here - someone buys a few k shares on a regular trade and the share price goes up! Sounds silly, but I haven't seen that happen here for a long time.

I wonder if the 190k trade (sale I think) first thing yesterday morning was the overhang finally being cleared!?

[moreforus] 15/9/2009 17:26

so we have CLEA tomorrow, thursday or friday.....

So FRP has a market cap of 23.6 mill on a 2.4 mill profit (i know it's a p/e of 7 and there's a seller about but being conservative) if CLEA can make in h2 2009/h1 2010 a 2 mill profit (mid way between the 1 - 3 mill estimate) then it should be worth 20% less ie mkt cap of 19 million - currently 6 million.

[gogoneko] 15/9/2009 09:40

Nice! Starting to get some chunky trades appearing. I expect the directors will be doing their bit (again) to relieve the pressure on the share price by buying more.

[felix99] 15/9/2009 09:09

Results fine. Good enough to get the Inst interested again. I expect there is some horse trading going on at present with the seller over what price they get taken out at - i.e what price seller wants and what price Inst want to pay !!

[gogoneko] 15/9/2009 07:31

Personally, at first glance at least, I couldn't see anything wrong with those results and the FY PE will still be low (about 7 I think), and was more than happy to see the prospect of a dividend resumption at year-end. Good work!

Now to see what the market thinks!

[felix99] 14/9/2009 14:39

not the only one there gogo! Tally ho for tomorrow

[vickiitwo2] 16/8/2009 23:08

davidish - yes there was, a good buy recommendation with low p/e and good yield "looks too cheap" shares says hitting all the right notes. Seems like the share price climbed a bit on this.

[davidosh] 16/8/2009 18:30

vickiitwo2....Was there anything on MUBL in the same shares mag by any chance ?
Another company I am interested in and doing very well in this downturn.

[vickiitwo2] 16/8/2009 16:28

good positive full page read in shares magazine this week, surprised the sp
didnt move up a notch fri

[gogoneko] 09/8/2009 18:41

Here's something from an old Independent on Sunday dated 19th July.

It mentions Debt Free Direct and questions whether banks who are now accept lower repayments via IVAs and are therefore increasing the availability of such an option to more people, may not be doing the right thing. Dated 19th July

IVAs may be easier to come by, but that's not good news for everyone :