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FRP Frp Advisory Group Plc

114.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frp Advisory Group Plc LSE:FRP London Ordinary Share GB00BL9BW044 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 114.50 114.00 115.00 114.50 114.50 114.50 26,868 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 104M 12.7M 0.0506 22.63 287.32M
Frp Advisory Group Plc is listed in the Business Consulting Svcs sector of the London Stock Exchange with ticker FRP. The last closing price for Frp Advisory was 114.50p. Over the last year, Frp Advisory shares have traded in a share price range of 103.50p to 147.00p.

Frp Advisory currently has 250,932,590 shares in issue. The market capitalisation of Frp Advisory is £287.32 million. Frp Advisory has a price to earnings ratio (PE ratio) of 22.63.

Frp Advisory Share Discussion Threads

Showing 851 to 867 of 1450 messages
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DateSubjectAuthorDiscuss
26/4/2020
09:13
It’s now taking about a week for administration”;s to get to court.



Notice timeline for SIGNATURE VICTORIA MILL LIMITED (10099833)
Appointment of Administrators24/04/2020
Appointment of Administrators
In the High Court of Justice

Business and Property Courts of England and Wales Court Number: CR-2020-002204

SIGNATURE VICTORIA MILL LIMITED

(Company Number 10099833)

Nature of Business: Property Development

Registered office: C/o FRP Advisory Trading Limited, Derby House, 12 Winckley Square, Preston, PR1 3JJ

Principal trading address: Victoria Mill, Lower Vickers Street, Manchester, M40 7LH

Date of Appointment: 16 April 2020

Names and Address of Administrators: Steven Williams (IP No. 8887) and Philip Lewis Armstrong (IP No. 9397) both of FRP Advisory Trading Limited, Derby House, 12 Winckley Square, Preston, PR1 3JJ

Further details contact: The Joint Administrators, Tel: 01772 440700

Ag RG11185

sunshine today
25/4/2020
21:54
Thanks, eeza!
devonking
25/4/2020
21:28
Devon
If you change 1 of the letters in hxxps to a Capital it will be a hyper-link and not changed by the ADvfn police.

eeza
25/4/2020
21:24
24th April: FRP Advisory has been appointed to oversee the administration of Signature Living Residential, understood to be Signature Living's property development company
devonking
25/4/2020
21:12
FRP Appointed administrators for Coys of Kensington Automobiles.

Coys of Kensington Automobiles, a auction house specialising in classic car sales, has gone into administration. The administrators appointed on April 17th by the High Court of Justice are FRP Advisory Trading of London. - Telegraph, 25th April

devonking
25/4/2020
15:36
Self explanatory



US and UK Labour Markets Before and During the Covid-19 Crash

| Publication date: 23 Apr 2020 | NIESR Author(s): Blanchflower, D; Bell, D
PDF icon US and UK Labour Markets Before and During the Covid-19 Crash.pdf
We examine labour market performance in the US and the UK prior to the onset of the Covid-19 crash. We then track the changes that have occurred in the months and days from the beginning of March 2020 using what we call the Economics of Walking About (EWA) that shows a collapse twenty times faster and much deeper than the Great Recession. We examine unemployment insurance claims by state by day in the US as well as weekly national data. We track the distributional impact of the shock and show that already it is hitting the most vulnerable groups who are least able to work from home the hardest – the young, the least educated and minorities. We have no official labour market data for the UK past January but see evidence that job placements have fallen sharply. We report findings from an online poll fielded from 11–16 April 2020 showing that a third of workers in Canada and the US report that they have lost at least half of their income due to the Covid-19 crisis, compared with a quarter in the UK and 45 per cent in China. We estimate that the unemployment rate in the US is around 20 per cent in April. It is hard to know what it is in the UK given the paucity of data, but it has gone up a lot.

Publication type:
National Institute Economic Review

sunshine today
25/4/2020
10:00
FRP have been appointed as Administrators / Advisors on behalf the following recently


Bonmarche

Carluccio”s

Comet

Debenhams

Monsoon Accessorize

Koovs

Patisserie Valerie

YO!

sunshine today
24/4/2020
18:03
Slowly trickling back down to 105p.
eeza
24/4/2020
17:43
The Market Makers of this stock will not be requiring the services of FRP. Today they played a blinder, dropping the bid 1P to 115P to fill a 65,000 order at 123P.
sunshine today
24/4/2020
15:37
Analysis box by Simon Jack, business editor
Natwest's chief executive says that extending the guarantee to 100% on loans of up to £25,000 "would not make much difference" to the number of loans the UK's biggest lender to business would advance.

‘She said the main challenge facing firms of all sizes was whether they wanted to take on additional debt at a time of great uncertainty.’

sunshine today
24/4/2020
13:27
A realistic view of 4 years before passenger numbers get back to last years levels. This is an airport operator, but I sense the same applies to a great many sectors and companies.
sunshine today
24/4/2020
07:05
The house builders and car production companies are starting to gear up for a return to work. A quick glance at the proposed procedures guides me to question if they will fail miserably. Efficiency looks set to fall so far that one might be better off staying closed. Unless governments drop all the social distancing in the next few days the world economy is going to suffer so much damage few companies will survive in their current form.
sunshine today
23/4/2020
18:13
2nd event from FRP



My take on the above.

Any company that needs extra cash to get through this dreadful event needs to work out is it the right thing to do. If you think times are going to get far worse then it’s time to get off the train. If you have not got 100% stomach for it, forget it. Lenders have all the cards not you. The first two ports of call are government help and your bank. Have a huge double re think if they can’t help as other forms of cash will just about kill your business off. The trick will be to get lenders to rid you of the debt your carrying, so you have a fighting chance. Ending up with 10% of something is better than 100% of nothing. That’s hard to swallow but true. If the business was rock solid with a stack of cash for a rainy day then you would not be in the mire now. The best way forward for some is walk away. The struggle is so big it’s just not worth it.
It looks like getting any deal for extra cash is going to take an age, fees , costs it goes on and on . If I were in this situation worried to death week in week out I would put my cards on the table with suppliers, landlords , banks etc and say this is the deal, take it or leave it within 7 days or it’s over for us all.

sunshine today
23/4/2020
14:34
IP Begbies Traynor, BEG, also listed on the stock market, was awarded a continue buying recommendation from Shares Magazine today.
sunshine today
23/4/2020
14:30
Yet again FRP”S position of independence has come to light. I believe this is the third case I have discovered in the last month or so, where all the issues could have been avoided if at the start of the process, a pure insolvency practitioner had been approved and appointed. FRP must be extremely busy.
sunshine today
23/4/2020
14:18
November 19


Administrators to the failed £237 million mini-bond manufacturer London Capital & Finance are weighing legal proceedings against its former accountants.

However Smith & Williamson, which has been appointed by creditors to recover their assets, is believed to itself face complications due to its relationship with the company’s in question.

EY was appointed to audit LCF less than two years before its January collapse, taking over from PwC. Both face questions about how they missed wrongdoing at the business, which remains the subject of a major criminal enquiry over claims that much investor cash may have been misappropriated.

S&W has relationships with both firms, with PwC auditing the company and EY advising it on internal financial controls. The conflict has meant that corporate restructuring firm FRP was this week appointed as a second administrator in order to weigh the value of launching legal action, according to a report in the FT.

sunshine today
23/4/2020
11:54
This is the first of three from FRP.



My take on this is the following.

Lack of cashflow is killing companies right now and will continue to do so for the years ahead.Like a pack of cards if your not being paid you can’t pay the next man.You can make as many forecasts as you like but without cash coming in your stuffed.The next issue I see is the amount of management time that is being spent on chasing money and suppliers. The idea of anything being just in time has gone out of the window. Stop start on a daily basis is the new norm.If you don’t go bust others in your chain might or will.Extra costs are being incurred everywhere.It appears to me that business have to be ruthless to all the great people who they have worked with for years. This ,just to save your own company. A return to work requires yet more cash, for some cash has arrived from your received invoices, why not keep it and walk away. Is it worth the risk shelling it all out the door again .? Massive debts are everywhere that will be defaulted on that snarl up others in the supply chain. It’s going to be an extremely difficult few years and many are not going to survive. The ones who were on the edge will fall as Will heaps of well run companies that suffer crippling bad debts.

sunshine today
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