Frp Advisory Share Discussion Threads

[johnwise] 23/7/2012 13:27

Institutions Buying, And no doubt they will have gone over this company with a fine tooth comb before the purchase:

RNS Number : 2454I
Fairpoint Group PLC
23 July 2012
FAIRPOINT GROUP PLC (the "Company")
Holding in company
23 July 2012

The Company was notified on 20 July 2012 that, following an acquisition of ordinary shares of 1p each in the Company ("Ordinary Shares"), Helium Special Situations Fund LP holds 1,825,000 Ordinary Shares. This represents approximately 4.35% of the Company's issued share capital (excluding the 1,666,667 Ordinary Shares held as treasury shares

Who are Helium Special Situations Fund LP:

[felix99] 23/7/2012 12:49

Special divis for hanover et al imho

[jeff h] 21/7/2012 13:37

I'd be more than happy with £4.5m Felix.

It will be interesting to see what they do with it, whatever the eventual figure when the dosh lands in the company coffers.

[felix99] 20/7/2012 19:08

I heard it will be more than that , and as for the money they are making off PPI reclaims its making them a small fortune.Double whammy they make money on the reclaim fees like other claims companies and then when the suprlus funds get paid into the IVA they make on that as well in supervisory fees.

New business is hard work for them no question but they got 20,000 odd back book which will earn them a lot of money / cash.Debt almost paid off now. That is big cash to pay off £6m in a year - and more to come

[jeff h] 20/7/2012 13:00

One of today's Investors Chronicle Tips of the Week.

They reckon the company the VAT repayment will be worth about £4.5m to the company...that's over 10p a share.

[hannahc] 25/6/2012 09:40

Equity Development note published today on Fairpoint's positive trading update issued last week (as above). Please click on the following link for full access to the note:



Regards,

Equity Development

[hannahc] 25/6/2012 09:38

Equity Development note published today on Fairpoint's positive trading update issued last week (as above). Please click on the following link for full access to the note:



Regards,

Equity Development

[jeff h] 25/6/2012 09:30

Surprised there's not been a bigger positive reaction here.

The debt has been wiped out - the last I read the company was hoping to keep hold of "several million" of the £9 million VAT refund which is still to be applied to the cash figure.

To announce in June to expect profits to be ahead of full year December suggests the Directors are very confident of easily beating expectations.

The PPI trading benefit wont last forever but they say they expect the benefit to extend into 2013...so still more profits to come.

A cash pile looks likely to build then securing further dividend increases or to continue to diversify with small acquisitions such as the stated back book acquisition strategy.

[johnwise] 21/6/2012 08:52

"Cash generation within the business has continued to be strong, resulting in a reduction in Group net borrowings to GBP 1.6m at 19 June 2012, compared to GBP 6.4m at 31 December 2011."

[felix99] 21/6/2012 08:34

making money by accident out of PPI - better to be lucky than good as they say .

[johnwise] 21/6/2012 08:15

The Board now expects that adjusted profit before tax for the year ending 31 December 2012 to be ahead of market expectations

[aspex] 21/6/2012 07:59

Positive trading update!

[johnwise] 21/6/2012 07:57

RNS Number : 8276F

21 June 2012

Trading Update

Fairpoint Group plc ("Fairpoint or "the Group"), the leading provider of advice and solutions to financially stressed consumers, is pleased to issue the following update on trading.
The Board now expects that adjusted profit before tax for the year ending 31 December 2012 to be ahead of market expectations. The Group's claims management services for its IVA portfolio, which commenced in the second half of 2011, have continued to develop positively during the current year, resulting in strong growth in revenues and profits from those activities. The Board expects claims management activities to continue to contribute positively throughout the remainder of 2012 and into 2013. Market conditions in the Group's core activities remain subdued.
Cash generation within the business has continued to be strong, resulting in a reduction in Group net borrowings to GBP1.6m at 19 June 2012, compared to GBP6.4m at 31 December 2011. This excludes any cash arising from the application of the VAT reclaim recently received in IVA cases relating to the Paymex judgment.

[hectorp] 06/5/2012 18:24

wot no posts?

[johnwise] 25/4/2012 08:11

RNS Number : 9948B
Fairpoint Group PLC
25 April 2012
Fairpoint Group plc ("Fairpoint" or "the Group"), the leading provider of advice and solutions to financially stressed consumers, is pleased to announce the signing of a new enlarged GBP13 million asset based revolving credit facility with PNC Financial Services UK Limited ("PNC"). This facility replaces the Group's existing committed GBP8 million facility which was due to expire in December 2012.

[johnwise] 23/4/2012 18:28

Fairpoint Group (FRP)
Interesting:
Director buys today
Fairpoint Group Forecast 31-Dec-12 Growth 71% forward PE 5.5
31 Dec-13 Growth 9% forward PE 5.1

Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-12 29.34 6.97 11.63 5.5 0.+71% 5.00p 8.0%
31-Dec-13 31.01 7.53 12.66p 5.1 0.6 +9% 5.50p 8.8%

[hannahc] 16/3/2012 09:45

Please click on the link below to access our latest research note on the Fairpoint Group:



Regards,

Equity Development

[hannahc] 16/3/2012 09:45

Please click on the link below to access our latest research note on the Fairpoint Group:



Regards,

Equity Development

[hannahc] 28/9/2011 10:50

Please click on the link below to access our latest research note on Fairpoint:



Kind Regards,

The Equity Development Team

[hannahc] 28/9/2011 10:50

Please click on the link below to access our latest research note on Fairpoint:



Kind Regards,

The Equity Development Team

[hannahc] 13/9/2011 14:32

Please click on the link below to access our latest research note on Fairpoint Group:



Kind Regards,

The Equity Development Team

[hannahc] 13/9/2011 14:31

Please click on the link below to access our latest research note on Fairpoint Group:



Kind Regards,

The Equity Development Team

[napoleon 14th] 21/6/2011 21:18

So basically you're saying that this still profitable company, albeit far less, could end up with a windfall.

Sales for '09 & '10: £58M
Costs less staff: £33M
Balance: £25M

So VAT could be reclaimed on that.
I don't live in the UK & don't know exact VAT rates, but say it's 17.5%.
Reclaimable VAT is c. £4.375M

Handy to have c.16% of turnover returned to you.

Then add 07 and 08

[felix99] 21/6/2011 15:52

I have heard that Baines and Ernst just won a VAT tribunal MAN/2007/124 . Can;t find a copy on the net but basically the ruling means that VAT should not be charged on IVA fees.

As I understand IVA companies can therefore go back 4 years to put in a VAT reclaim for the VAT on fees - of course they lose the input tax but that would be small in comparison to FRPs 25k of clients currently and however many more plans that have completed in last 4 yours.

Ff you look at their tunrover last few years and bulk of costs are staff costs - so no VAT to be disallowed there just advertising costs ................................Could be quite a windfall that

DYOR but seems a bit of interest today and maybe that is reason