Frp Advisory Share Discussion Threads

[buffetteer] 12/12/2016 15:00

Debt- they are likely to have net debt of £18.5m and have a facility of £25m .The debt will likely reduce as the earn-out to Colemans is reduced .

[kop202] 12/12/2016 13:50

PP is probably tooled up and making his way round to see the CEO as we deliberate

[pj0077] 12/12/2016 12:15

Not a chance, speedsgh?! What size of placing & at what discount do you envisage? (bearing in mind the Pre-emption Group's Statement of Principles, 2015)

[kop202] 12/12/2016 11:57

Speed What's the choice100% or a 95% loss Not much of a choice

[speedsgh] 12/12/2016 11:42

Not a chance of a Rights Issue here imo. RIs are costly + the reserve of much larger companies. If FRP do need to raise funds, more likely a highly dilutive, highly discounted placing that would decimate existing holders. Aimho

[kop202] 12/12/2016 11:41

Probably going down the pan

[larva] 12/12/2016 11:38

rights issue anyone? would have to be 4p to tempt the tempter

[sportbilly1976] 12/12/2016 11:29

Someone picking some up - 250k at 30p on Friday and 300k just published at 20.5p

[little beaker] 12/12/2016 11:04

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[1fox1] 12/12/2016 10:30

You say what you like Paul........I like it when you get angry. Get it off your chest that's what I say. Freedom of speech isn't dead yet!

[sportbilly1976] 12/12/2016 10:05

A few reasonable sized buys coming through this morning...a few 50k's and 75k just now

edit - being matched now with equal sells..

[sportbilly1976] 12/12/2016 09:21

What level of profit were people expecting here?

Current mkt cap seems enticing to put a few away

[fillipe] 12/12/2016 09:19

The Friday RNS was shamefully low on information, only giving out a short and terse mention.

f

[fillipe] 12/12/2016 09:16

Yes, both bid/ask now into the 17p's and lowly RSI.

...and now the 16p's

f

[blueball] 12/12/2016 09:06

Plunging this morning.

[pj0077] 11/12/2016 13:26

Tangible book value per share 8.2pAnd that's before the pending rights issue (!)

[rickyvader] 11/12/2016 12:47

Anyone going to he buying on Monday. There has to be value there ? Bit vague on the update I thought

[glasshalfull] 11/12/2016 11:27

Agree entirely with PJ0077

Per my post 453 ... FRP proved one of my shortest-lived holdings. In on the back of a dramatic fall to low 150's (following release of 2015 results) & out a couple of days later for a miniscule profit. Couldn't believe the shareprice subsequently fell a further £1.00 in the 7 months or so...& that was all before Friday's bombshell landed.

I'd looked in a few times since selling but never tempted back. Think it was the ED video presentations which ultimately saved me!!! I wasn't convinced on the story painted by the Directors.

The interims described a company struggling to make the transition from its previous debt solution core business to one focused on legal services...without the b/s strength to implement.

Irrespective of what dilution the subsequent fund raise brings, I simply couldn't invest in this management team now.

Commiserations to holders.

Kind regards
GHF

[pj0077] 11/12/2016 11:05

The market cap is smaller than the net debt.So its fair to say that the banks are the key shareholders now, especially if/when the covenants are breached.Existing shareholders face enormous dilution.

[blueball] 11/12/2016 08:27

I believe it could fall another 30%.

[coolen] 10/12/2016 23:20

The director resignations should have alerted us.
On the plus side, two institutions hold at least a third of the shares.
That suggests a rescue package.
"Package" is the operative word.

[ohdearohdearohdear] 10/12/2016 22:43

To discuss PP's post more than the appalling RNS is bizarre. Truly bizarre.

[fillipe] 10/12/2016 14:41

yupawiese2010
10 Dec '16 - 13:38 - 580 of 583 0 0
fillipe.

The suspension of all future dividends as per the RNS

Thanks yupawiese - my fault for not reading the original post correctly....smack self!

f

[3800] 10/12/2016 14:32

Hi PP I find the language rude and offensive but also very accurate. You raised the very good point about the credability of the directors maybe a compiling a "B&C" list would be a good outlet for your (understandable) anger. I feel dupped here too and it's for a lot more than 10k.
3800

[topvest] 10/12/2016 14:30

You are brave. I try to stick to not doubling-up on losers unless I think its a compelling proposition. This certainly isn't.