Frp Advisory Share Discussion Threads

[wjccghcc] 27/8/2020 08:31

Yes. Both BEG and FRP will have weak first halves, but H2 and particularly FY21 should be exceptionally good.

[bluemango] 27/8/2020 08:27

Odd initial market reaction to good set of results. Dividend within a whisker of amount previously flagged and clearly once the dust settles and furloughing ends there will be more work for them.

[bogman1] 26/8/2020 13:54

Trucking along nicely. In advance of tomorrow

[bluemango] 25/8/2020 12:58

Hoping to hear details of first dividend in couple of days' time. Midas back in May was forecasting 0.7p dividend for the last financial year, rising to 3.9p next year.

[bluemango] 23/8/2020 23:41

Roll on Thursday! Results day, 27th.

[melody9999] 12/8/2020 20:39

even more surprised at the share price action at BEG - at least here we are approaching the previous highs again

[bluemango] 12/8/2020 12:09

Extraordinary that this morning's economic news and scale of recession (and implications for number of insolvencies) didn't have more of an upwards impact on share price here, after the fallback yesterday following an initial flurry of interest.

This company is clearly still under the radar and coming results could surprise the market to the upside.

[bogman1] 11/8/2020 08:29

Pop this morning :)

[purplepelmets] 11/8/2020 08:12

Not surprised to see strength leading up to results here. Seems I always see leading companies admitting having troubles - and the articles end up with co is being advised by FRP. Gotta be busy in the office. Plus it's only just been listed so no real anchor-point to the share price Will be an interesting week.

[bogman1] 07/8/2020 15:46

Hold this along with Begbies, well placed in the current climate, the market appears to be finally catching on

[bluemango] 07/8/2020 14:12

Could be a combination of exhaustion of an institutional seller plus possible leaking (or at least anticipation) of upbeat results in a couple of weeks?

[chrisdyer8] 07/8/2020 14:10

Has this been tipped somewhere?

[msehs] 07/8/2020 14:07

Some movement at last....

[bluemango] 07/8/2020 10:35

Large trade just reported, 698,737 at 116.50p. If that's the finishing rump of a long-running disposal, I would expect (all other things being equal) a more positive outlook for the share price from now on.

[bluemango] 06/8/2020 09:14

Notice of results given, due in 3 weeks' time on 27th August. As others have commented, this should finally spark some interest and hopefully stem the drift of recent weeks - which I can only assume is due to original participants of Placing looking to redeploy, not offset by enough new buyers.

[bluemango] 04/8/2020 23:42

Kate Andrews
Is the jobs cliff-edge fast approaching?
4 August 2020, 3:15pm

" ... Many expect the jobs cliff-edge to come at the start of November, when the option to furlough employees is officially gone and employers are back to bearing the full weight of salaries and costs. But is evidence of an unemployment spike already here? This morning Pizza Express announced the closure of 67 restaurants, putting more than 1,000 jobs at risk, and Currys PC World joined in before noon to announce an axe to more than 800. In the pre-Covid-era, either of these announcements would be leading the day’s business news. Now, both fall into the general news cycle, joining DW Sports and Hays Travel who made similar announcements the day before, and countless other companies before that.

Unemployment rate data is yet to show a meaningful change from the trend of the past couple of years – but the huge rise in universal credit claims and major recession means an increase in the unemployment rate is not far behind. The question now is how much longer the furlough scheme can hold off the surge ..."

[johndoe23] 03/8/2020 19:57

Anyone know when final results are published? This month i believe. Need good news to get this moving upwards ...

[ice31] 20/7/2020 19:26

FRP Advisory are seeking a buyer for Rileys Sports Bar, after the chain fell into administration. The company has already closed four of its 21 locations, after the COVID-19 pandemic caused it to speed up the closure of underperforming sites.

In a statement, the company said: “It is with great sadness that yesterday (July 16) we had to make the very difficult decision to permanently close our sites in Grays, Wolverhampton, Worcester and Sheffield.”

“The COVID-19 pandemic has a far-reaching effect on the business and the wider hospitality industry. As such we have re-evaluated the business to ensure that we have a strong proposition to take forward into the post-coronavirus world.”

FRP partners Philip Watkins and Geoff Rowley have been appointed as joint administrators and tasked with finding a buyer for the company. Rileys’ 17 remaining sites are expected to resume trading once a buyer has been found. A number of potential buyers are reported to have expressed interest in the chain.

Rileys Sports Bars feature snooker and pool tables, dart and table tennis, as well as live sport and food and drink. Before the recent site closures, the company employed 208 staff, 44 of whom have now been made redundant. Prior to the coronavirus lockdown, the Milton Keynes-based company had recorded eight months of like-for-like growth.

Joint administrator Philip Watkins said: “Rileys is a well-known brand with a popular proposition that has become well-established in towns and cities across the country. As we market the business for sale, we expect there to be interest from prospective buyers who will take the sites forward and welcome back customers as the UK leisure market opens back up.”

[bluemango] 18/7/2020 21:10

FRP Advisory, Liquidators to Patisserie Valerie are preparing to take legal action against Grant Thornton

Oliver Shah
Sunday July 19 2020, 12.01am, The Sunday Times

Liquidators to Patisserie Valerie are preparing to take legal action against Grant Thornton, which audited the cake-shop chain for 12 years until it collapsed because of suspected fraud.

FRP Advisory recently commissioned a report from the accountancy firm Smith & Williamson into Grant Thornton’s work. The report is understood to suggest there were significant failings in its auditing of Patisserie Valerie, which went into administration last year after the discovery of a £40m hole in its accounts. It was later reported that cheques worth millions of pounds had been used to artificially inflate cash reserves and secret overdrafts of almost £10m had been run up with the help of forged company minutes.

[bluemango] 17/7/2020 08:46

In the trading update they suggested 'late August', so hopefully in just four weeks or so.

[johndoe23] 17/7/2020 08:04

When are the final results?