Frp Advisory Share Discussion Threads

[jeff h] 21/1/2013 22:10

Equity Developments take:-

Fairpoint's pre-close statement was more informative than most, not merely
confirming that it expected to meet market forecasts (c£7.5m) before
exceptionals and amortisation of intangibles but specifying the two major
exceptionals - the VAT refund from which they had netted £3m in cash by the
year-end, with an unspecified amount yet to come as they work their way
through identifying who is entitled to how much refund on each case - and a
£0.2m cost of re-arranging a bank facility. Net cash at the year-end of £1.6m
excludes the unallocated balance of the VAT refund which can be expected to add
more than a £m.

Given a decline in the number and average value of IVA cases approved during
2012, this isn't too bad: £3m of the £8m improvement in net cash came from the
VAT refund; the other £5m was cash from normal operations.

[battlebus2] 21/1/2013 16:08

Yep a lot of shuffling going on, looking forward to the results with hopefully another increase in the dividend.

[simon42] 21/1/2013 16:06

I'm thinking these large trades are actually sells once again. Sp holding up for now.

[tiger20] 18/1/2013 14:56

Have a look at Divi its an investment trust with increased holdings in Fairpoint the trust is run by Gervis Williams great small company stockpicker

[battlebus2] 18/1/2013 13:50

Ticking up :))

[battlebus2] 18/1/2013 07:38

Excellent update imv.

[aspex] 18/1/2013 07:06

Nice steady trading update with no surprises and confidence on outlook.
That should keep the momentum going.

[joan of arc] 17/1/2013 20:23

Well someone is picking them or they would have tanked by now.

[felix99] 17/1/2013 19:33

Henderson selling too - under 23% now. Seems to be a lot of shuffling going on

[battlebus2] 17/1/2013 16:51

Looks like UBS are selling the lot now holding below 3%.

[battlebus2] 16/1/2013 18:48

Standard life over 3%.

[tom111] 16/1/2013 16:45

Due for a trading update,last year was the 16th of Jan

[felix99] 16/1/2013 13:36

wonder if that 100k on the book on the offer has been put there to scare a few sellers out. FOXY moved up even after that was put there. Interesting !

[red army] 15/1/2013 18:19

Hoping to break through the £1 barrier to much greater heights

[simon42] 15/1/2013 17:22

Sneaking up again. The cheeky little monkey.

[battlebus2] 15/1/2013 16:32

Nice jump at the end of play and my target price £1 :)) News in the morning?

[battlebus2] 15/1/2013 09:21

Spread widening again this morning.

[battlebus2] 14/1/2013 16:10

Yes looks like it with the spread appearing this afternoon.

[simon42] 14/1/2013 15:48

Sneaking on up again. Update shortly I believe.

[snatander] 03/1/2013 12:11

good piece

[felix99] 03/1/2013 11:58

Hanover and Henderson own nearly 50% between them and a few others hold 5 and 6% lots so not a lot of free float around me thinks.

Refs holdings on this look a bit odd though . Says Henderson has 18.1% but they RNS'd before Christmas 24.75% . Seems they ignore the CFDs held ?

[tom111] 03/1/2013 11:32

Must be tightly held, took two hours to get hold of a few today

[battlebus2] 03/1/2013 08:03

Opened a tad higher , rolling up to that £1 target.

[doobster78] 02/1/2013 16:51

Xmas debt reported to be nice and high per news reports. This is just the start of the consumer debt meltdown. Just wait until universal credit comes into force later this year and then rolled out around the country upto 2018. Anyone claiming benefits will have them all bundled into one single payment and paid direct to them, whereas currently thier £500 rent benefit would be paid direct to the landlord, it will be upto the individual to pay this themsleves, the same with C.tax etc etc. Payday lending companys are going to have a field day targeting these consumers who have this what they perceive extra income in their pockets, this in turn will lead to a massive increase in debt levels, IVA's and the like. The debt burden is going to be huge when this kicks in. In fact, the bedroom tax is due to start in April where current HB claimants are expected to make up a shortfall of Housing benefit of 14% if they have One spare bedroom or 25% if having 2 spare rooms. This is going to create a first debt bubble from summer this year. Fairpoint are ideally palced for all the fall out. This will be the growth area of choice over the next 3 - 5 years.

[simon42] 02/1/2013 16:31

Substantial breakout :-)