Frp Advisory Share Discussion Threads

[sunshine today] 17/4/2020 08:49

Fast forward 30M minutes.



I find it hard not to get excited here. To get the only listing away on AIM this year was itself a fabulous achievement.It was also oversubscribed.From a shareholders point of view you can’t ask for much more. All the partners and the vast majority of the staff are all highly incentivised to grow the company and profits with the view of some of them cashing in after 3 years. That’s when the lock in ends. Between them they have way larger investments in their own company than, you would ever find in companies listed on LSE.

What I have learnt is this company knows a thing or two about margins, it’s success to date proves that.Going forward they can ensure they hold or increase them, as gross turnover goes up.

[jeanesy] 17/4/2020 07:51

do you have a link please Devonking ?

[devonking] 16/4/2020 22:24

Anyone listened to the Stephen English webinar on piworld? He talks about FRP and speculates on the groups prospects - it's a good listen

[devonking] 16/4/2020 22:19

A quick scan of the news and it's clear FRP’s services are in demand. I’d recommend a read of the groups Article of Admission document for details on growth of case appointments, of note H1 FY20* Revenue of £31.4m, a good number given the strong margins reported back to FY17, and given there should be plentiful opportunities ahead to build on for numbers to continue growth trend. Will be keeping an eye on this.

[sunshine today] 16/4/2020 12:35

Debenhams and Carluccio"s are two very high profile retail companies that unfortunately for them have,ended up on FRP"s plate. Lets hope that as many jobs can be saved as possible. In one way I feel bad attempting to profit from current events, but in reality virus is just the trigger for the long overdue downturn in the economy.The borrowed money binge was going to end eventually no matter what.

[sunshine today] 15/4/2020 13:04

The absolutely guaranteed numbers from this company over the next five years will be increased turnover.I am trying to put myself in one of the Partners chairs today.This is what I would do.Increasing gross revenues are useless unless they translate to profits so I would only take on business that will provide acceptable margins. I would demand payment for advice in advance or in escrow. Cash is King.A larger part of FRP "S income takes around a year to be settled it has to be certain, prior to work starting,on the Administration.Bad debts should never be the end result.Team size needs to be scaled up across the board to cope with the massive influx of work. The Term sheet charge out prices need to increase immediately to reflect the extra expansion costs as they occur. New projects require staggering,sadly companies will be going bust constantly for s very long time.Grabbing all the work in the next few months is not sensible.

I have no idea of the quality of management but assume to get the only floatation away on AIM this year, they are at least good.

[3rd eye] 15/4/2020 11:30

FRP.........todays trades........

Recent tradesTrades today: 21
Trade time Trade price Trade quantity Buy/Sell Bid price Ask price
15 Apr 11:23:56 107.00 3,000 Buy 104.00 108.00
15 Apr 11:14:12 107.00 467 Buy 104.00 108.00
15 Apr 11:00:29 108.00 5,000 Buy 104.00 108.00
15 Apr 10:20:43 107.60 2,788 Buy 104.00 108.00
15 Apr 10:20:20 104.00 3,000 Sell 104.00 108.00
15 Apr 10:08:13 107.60 890 Buy 104.00 108.00
15 Apr 10:02:37 105.00 5,000 Sell 104.00 108.00
15 Apr 09:49:33 107.60 1,035 Buy 104.00 108.00
15 Apr 08:41:49 105.96 1,000 Buy 102.00 106.00
15 Apr 08:40:54 103.98 1,000 Buy 102.00 104.00
15 Apr 08:40:53 104.00 1,000 Buy 102.00 104.00
15 Apr 08:40:40 104.00 1,000 Buy 102.00 104.00
15 Apr 08:38:12 110.00 9,083 Buy 100.00 104.00
15 Apr 08:21:44 104.00 40 Buy 100.00 104.00
15 Apr 08:14:06 104.00 13,000 Buy 100.00 104.00
15 Apr 08:12:21 100.00 4,872 Sell 100.00 104.00
15 Apr 08:12:16 104.00 4,807 Buy 100.00 104.00
15 Apr 08:07:56 104.00 4,801 Buy 100.00 104.00
15 Apr 08:06:15 104.00 5,700 Buy 100.00 104.00
15 Apr 08:04:45 102.40 2,000 Buy 100.00 104.00
15 Apr 08:00:21 102.40 19,522 Buy 100.00 104.00
14 Apr 17:10:30 102.00 17,200 0.00 0.00

[3rd eye] 15/4/2020 11:17

Had a punt on this one in the last half hour FRP ..FRP ADVISORY GROUP PLC

Going to be plenty of companies going bust and into insolvency sadly over the next few months to a year. Been looking for a play on this and saw this from Fund Investor and proprietor of Kempton Holdings and a non-executive director of a number of quoted and private companies David Kempton.................

The awful wave of companies going into administration or restructuring will be of massive benefit to the specialists in that sector and I have bought FRP Advisory (FRP), floated on the Alternative Investment Market in early March at 80p. The shares have risen to 93p following strong news of significant restructuring and insolvency contracts, but are still on a PE below 10, looking good value compared to their peers in a, sadly, strong sector.

hxxps://citywire.co.uk/funds-insider/news/david-kempton-i-m-rebuilding-my-portfolio-with-fundsmith/a1346652?re=73658&;ea=98977&utm_source=BulkEmail_FundsInsider+Afternoon&utm_medium=BulkEmail_FundsInsider+Afternoon&utm_campaign=BulkEmail_FundsInsider+Afternoon

Some big corporate backers......... INCLUDING MITON

Shareholders

Name Equities
%
RBC Global Asset Management (UK) Ltd. 18,750,000 7.89%
Miton Asset Management Ltd. 18,124,164 7.63%
Liontrust Investment Partners LLP 17,550,000 7.39%
Premier Fund Managers Ltd. 3,800,611 1.60%
Danske Bank A/S (Investment Management) 2,245,245 0.95%



Business Summary

FRP Advisory Group PLC is a United Kingdom-based advisory services company. The Companyâ€͐2;s services include restructuring advisory, corporate finance, debt advisory, forensic services and pensions advisory. Its restructuring advisory includes corporate financial advisory, formal insolvency appointments, personal insolvency and general advice. The corporate finance services include mergers and acquisitions (M&A), strategic advisory and valuations, financial due diligence, capital raising, special situations M&A and partial exits. The debt advisory services offered includes raising and refinancing debt, debt amendments and extensions, asset based lending and corporate and leveraged debt advisory. Its forensic services include forensic investigations, compliance and risk advisory, dispute services and forensic technology. The pensions advisory services include pension scheme transaction advisory, pension scheme restructuring advisory, covenant advisory and corporate governance.

[sunshine today] 14/4/2020 18:23

Trying to work out how well this company could do over the next ten years as a long term investment. In the uk we have just 1,860 insolvency practitioners licensed to perform the workload that increased 25% in 2019.
Reports in the press if accurate could see an increase in bankruptcy % terms of between 100 and 5,000. If the company is well run I would expect profits to surge.
It takes years to train and pass the exams only about 25 new entrants join each year. Pass rates are around 50% extremely tough. Teams that work under each partner can be quickly expanded from the pool of accountants that will sadly be unemployed in the near future.

FRP have been appointed as Administratiors on behalf of Debenhams and Carluccio"s in the last fortnight.

[sunshine today] 14/4/2020 17:31

Trying to work out how well this company could do over the next ten years as a long term investment. In the uk we have just 1,860 insolvency practitioners licensed to perform the workload that increased 25% in 2019.
Reports in the press if accurate could see an increase in bankruptcy % terms of between 100 and 5,000. If the company is well run I would expect profits to surge.
It takes years to train and pass the exams only about 25 new entrants join each year. Pass rates are around 50% extremely tough. Teams that work under each partner can be quickly expanded from the pool of accountants that will sadly be unemployed in the near future.

[nakedsteve] 14/4/2020 09:34

no it didn't. that was a different company. this company just has the same ticker.

[arthur_lame_stocks] 14/4/2020 09:29

That's because the company went bust years ago.

[nakedsteve] 14/4/2020 08:27

Lots of potential here, very few companies as safe a buy at the minute as these. A lovely quiet bulletin board too.

[touche] 06/3/2020 12:42

Have these come out of administration? I assume old shareholders got wiped out

[speedsgh] 06/9/2017 11:52

Simpson Millar leaders leave for rival firm -

[kramch] 11/8/2017 13:24

Do they? I would have thought the legal businesses have good value. Insolvent means you don't have the cash to pay your immediate debts. AIMHO,
K.

[solrei] 11/8/2017 11:06

Kramch. Very strange as they have nil value

[kramch] 11/8/2017 10:27

Just been bid 1p for stock, broker says market maker has been left short by 70,000. Genuine, or anyone else been approached?
K.

[qvg] 11/8/2017 09:12

both of those responsible left the company 6-18 months ago?

[cybaajak] 11/8/2017 08:47

Pound to a pinch of salt not 1 of the criminally responsible BoD face charges for the miss management, they instigated, originating upon signing that particular lease, and the failings of control, over a group of several companies, instigated several years ago.

Fat cat wages obviously blinded them to their responsibility.

Would it be worth asking the SFO to have a look at "how" badly they did and how unencumbered they are now, by their lack of control and how easily they, get away, with screwing over the shareholders ?

[topvest] 10/8/2017 16:34

Yes, no value to shareholders. Shouldn't have turned out this way.

[sportbilly1976] 10/8/2017 14:52

RSM appointed and Broadbent removed.

RIP shareholders

[topvest] 06/8/2017 08:40

It's probably a case of the IVA buyer doesn't want the lease; makes sense really given it's a business that will be wound down or merged with an existing operation. Equally, there are probably lots of loan restrictions around Simpson Millar given its effectively controlled by its lenders given it's too high borrowings. Not a happy situation for PLC shareholders. Whether or not they can do some sort of CVA deal is unlikely, but you never know. Maybe they are trying to force the landlord into negotiations. When it gets to this point it normally means a 100 per cent loss though. It does appear that it's only shareholders that are taking the losses and they could have worded the RNS to at least hint that they were looking after shareholder interests rather than just themselves.