Frp Advisory Share Discussion Threads

[bluemango] 09/6/2020 17:12

Good spell of buying today.

1 year high equalled.

[master rsi] 08/6/2020 10:29

134p +8p
Is going places today
Las Friday GAP up with a good rise, but today is rising in a very nice way and breaking the last Intraday high on May 18

[bluemango] 05/6/2020 13:54

Added again this morning. Was always planning to, so was annoyed to see the IC tip spoiling my timing!

[master rsi] 05/6/2020 08:17

Marked up to 125.50p from the start, must be due to the IC tip

[eeza] 04/6/2020 22:22

Depends on if the share price goes up, or down.

[ice31] 04/6/2020 21:52

Is this a good or bad thing (?!)

[johndoe23] 04/6/2020 19:34

Featured in IC's tips of the week this week...

[godwin2] 01/6/2020 08:20

FRP being used by Jon Moulton to put his double-glazing firm Everest through a pre-pack administration that will result in about 200 job losses - according to the Sunday Times yesterday

[saj3] 28/5/2020 23:02

No probs bluemango

[bluemango] 28/5/2020 21:03

Thanks saj3



Monsoon Accessorize teeters on brink putting 3,500 jobs at risk
By Luke Tugby 28 May 2020

Monsoon Accessorize is on the brink of becoming the latest retailer to tumble into administration amid the coronavirus crisis, putting 3,500 jobs at risk.

The fashion retailer has lined up FRP Advisory to handle the process and plans to file a notice of intention to appoint administrators in the coming days, Sky News reported.

[saj3] 28/5/2020 19:11

Frp advising monsoon accessorize which is on the brink of going in to administration

[master rsi] 28/5/2020 15:53

By 10:45am the retracement from 133p was done, after all it was more than the Fibonacci retracement of 61.88% ( considered buy time ) at the lowest this morning 117.50p when the bounce back started.

[ice31] 28/5/2020 10:40

Agreed, think this natural pullback presents a very good opportunity for those with a longer term view. For the broader economy it's inevitable things will only get worse in the coming months, and many companies will need the expertise and services of FRP.

[mikerocky] 28/5/2020 10:29

Anyone else thinking of topping up soon? Got on this nice and early and considering the best price to buy more. Reason being if you look at Begbies during the last recession it kept climbing and climbing.

[melody9999] 27/5/2020 09:47

It is great that the pandemic is easing. But businesses face a long haul, especially when the furlough support is reduced and then ends. There may be changes in the insolvency laws but businesses will need the advisory services that companies like BEG and FRP provide to help them come through difficult times and ideally come out of the other side without folding completely. These guys are going to be busy for a long time to come.

[andywillz] 27/5/2020 09:39

both FRP and BEG seen to be slowly dropping in value - guessing the hype has passed. i bet when company insolvency figures as a result of covid get released we may have another healthy bump :)

[moormoney] 23/5/2020 16:37

Good to see the added interest here. I agree with your comments.

[ice31] 23/5/2020 14:58

I agree bluemango. I think the stars are aligned here for a sustained outperformance in share price over the next 12 months at least. Even on a forward PE of low 20s, this most likely underestimates the substantial growth the company is going to experience going forward. This stock is still very much off the radar in my opinion and an excellent opportunity at current levels given the rapidly deteriorating economic environment.

[bluemango] 23/5/2020 10:19

Indeed I would go further and say that any changes to UK Insolvency Law actually increases the need for a reliable professional advisory service with the necessary expertise like FRP, to get up to speed with latest legislation and help navigate the best outcome.

If anything, the business model is strengthened.

[bluemango] 22/5/2020 19:02

Bought in today. Any changes in insolvency laws don't necessarily hurt the business case here, as you will still need nimble and competent experts in restructuring and debt financing; particularly at the present time.

And clearly whatever the proposed changes, the need for the services and expertise provided by FRP is still going too be far more than originally anticipated a few months ago. The trick for them will be in keeping a long term view and not overreaching themselves when the economic landscape could look very different in a year or so's time.

[epicsurf] 18/5/2020 20:31

The Pension Protection Fund (PPF) has appointed a group of specialist firms that stand ready to help trustees of defined benefit schemes whose sponsoring employer is in stressed or distressed circumstances, or expected to become insolvent and potentially enter the lifeboat fund.

The new panel replaces the ‘Trustee Advisory Panel’, which was launched in 2014 to offer services to schemes in a PPF-assessment only.

Now, according to the £32bn (€35.7bn) PPF, trustees can appoint a recommended expert panellist at an earlier stage than previously, to get advice and guidance that could help prevent insolvencies where possible, thereby potentially reducing claims on the fund.

In addition, if the sponsor does become insolvent the firms on the panel would ensure that the pension scheme was fully prepared for entry into the PPF assessment period.

This is the period during which the lifeboat fund checks if the pension scheme has enough assets to secure PPF-levels of benefits.

The firms will advise on issues including covenants, restructuring, contingency planning, and moral hazard, and provide transactional expertise. All have agreed to a set of terms and conditions and advantageous fee rates.

Sue Rivas, PPF’s director of scheme services, said: “I’m very excited about the new panel we’ve created.

“We very much hope this will lead to better member outcomes as well as extending our understanding of the issues that schemes experience pre-insolvency.̶1;

Malcolm Weir, director of restructuring and insolvency, said: “We believe it is important that trustees have the expertise needed to protect schemes’ interests and maximise the likelihood of delivering the best outcome for the scheme and the PPF.

“We encourage scheme trustees to recognise their knowledge gaps and to appoint a panel trustee and/or restructuring and insolvency adviser to support them with specialist advice as early as possible.”

As with the PPF’s other panels, the new panel – for ‘Trustee and Support Services’ – was formed after a tender exercise.

The firms that have been appointed are:

20-20 TrusteesCVR GlobalDalriada Trustees LimitedDeloitte FRP ADVISORY ITS LimitedLincoln PensionsOpen TrusteesOsborne Clarke LLPPunter Southall Governance ServicesSmith & Williamson

As at the end of April there were 3,503 schemes in deficit in the PPF 7800 Index, which provides the estimated funding position for DB schemes potentially eligible for entry to the PPF on a so-called section 179 basis.

A scheme’s 179 liabilities represent, broadly speaking, the premium that would have to be paid to an insurance company to take on the payment of PPF levels of compensation.

The funding ratio in the index increased from 92.5% as at the end of March to 93.1%, with the aggregate deficit decreasing to £128.5bn from £135.9bn.

Given the timing of the appointment of the panel the PPF’s decision to create it would likely have needed to have been taken well in advance of the outbreak of the coronavirus, and a spokeswoman confirmed that the new panel has not been set-up because of COVID-19, with procurement of the panel starting in June last year.
 The 11 firms have undergone a thorough selection process to ensure they meet the PPF’s professional standards and have all agreed to a set of terms and conditions and advantageous fee rates.

[johndoe23] 18/5/2020 18:49

Bet they won't be the only high street restaurants epic...