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FRP Frp Advisory Group Plc

115.75

0.00 (0.00%)

Last Updated: 08:00:00

Delayed by 15 minutes

Frp Advisory Investors - FRP

Share Name	Share Symbol	Market	Stock Type
Frp Advisory Group Plc	FRP	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	115.75	08:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
115.75	115.75	115.75		115.75

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Posted at 15/7/2022 18:31 by tole https://masterinvestor.co.uk/equities/small-cap-round-up-pots-and-scans/FRP Advisory Group (LON:FRP) current economic environment is highly conducive to its businessOn Friday of next week, this business advisory group will be announcing its results for the year to end April 2022.And looking at the way the group's shares have been moving ahead recently, it seems that investors have been chasing the shares in anticipation of good news.With the way the economy appears to be kicking a number of the country's larger companies this group could well prove to be a major beneficiary of the current uncertainties.It offers amongst its multitude of services, debt advisory, corporate finance, mergers and acquisitions, restructuring, forensics and even pensions advisory.The market is looking for revenues for the last trading year to have risen 21% to £95.2m, upon which the group could have made some £23.3m (£21.2m) of pre-tax profits, lifting earnings to 7.8p (7.1p) and dividends up to 4.3p (4.1p) per share.For the current year analyst Peter Renton, at the group's brokers Cenkos Securities, is perhaps being too cautious in looking for only £100.0m in revenues, £24.0m profits, 8.0p earnings and a 4.7p dividend per share.He sees its net cash rising to £27.8m (£20.7m) by the March 2023 year end.Even so he rates the group's shares as a 'Buy' stating that the company has the appealing characteristic of being able to grow throughout economic cycles.The shares at the current 157.5p are 5p below their recent 162p peak, I feel that the group is really catching market attention now and they remain a very good hold. Read Full Thread Reply
Posted at 20/8/2021 07:11 by tole https://masterinvestor.co.uk/equities/the-dogs-of-aim-2021/FRP ADVISORY GROUPHaving a relatively high yield doesn't mean that a company isn't growing any more. In fact, this company has been growing strongly since being founded just over a decade ago and has plans for further growth.FRP Advisory Group (FRP) is a professional-services firm established in 2010 which offers a range of advisory services to individuals, companies, lenders and investors. These cover the whole range of the corporate life cycle, with the core restructuring and insolvency-advice activities supported by areas including corporate finance; mergers and acquisitions; raising and refinancing debt; pensions and forensic services.Over the years, FRP has grown organically and by acquisition to become one of the largest restructuring-advisory firms in the UK by number of corporate-insolvency appointments. Notably, despite year-on-year declines in the number of formal, UK company insolvencies between 2009 and 2016, FRP successfully managed to expand and increase profits. While they grew again in 2016, insolvencies have slowed recently due to government support introduced during the pandemic. However, the latest figures from The Insolvency Service show UK company insolvencies up 7% in May this year to 1,011.FRP joined AIM in March last year, raising £20m for itself along with £60m for prior shareholders that added their shares to the offering. The money was earmarked to fund further opportunistic acquisitions and the organic-growth strategy which involves opening offices in new regions, attracting new fee-earning staff, taking on larger deals and attracting more overseas clients. Like most listed, professional-services firms, FRP has a high percentage of shares owned by its employees, with around 50% held by its partners following the initial public offering (IPO).Solvent businessThe year to 30 April 2021 was another good one for FRP as revenues grew by 25% to £79m. Of this, 15% came from organic growth and the rest from acquisitions, with four deals completed during the year. This was completed in the context of a total, formal, company-insolvency market which saw a 26% fall due to the government support available. However, FRP grew its own market share from 11% to 13%. Helping the organic growth, the team was expanded by 106 employees to 457, with the corporate-finance business expanded to offset any challenges in the insolvency market.This remains a highly profitable business despite large partner fees, with pre-tax profits for the year reported at £16.6m. The balance sheet showed net cash of £16.4m at the period end, remaining strong but down from £24.4m after spending a net £10.6m on acquisitions and paying down £15.4m of IPO liabilities relating to profits owed to partners and related tax.Trading since the period end was said to be in line with expectations, with several initiatives expected to boost growth this year. Adding to the increase in headcount, two new international alliances have been formed, which will enable FRP to access new networks of highly experienced international advisers and support the UK component of international transactions.Good administrationFRP has had a good start on the markets, with the shares rising from the IPO price of 80p to a current 122.5p. At that level the historic price earnings multiple is 17 times ? on the high side but reasonable in my view given the historic growth and expansion plans. What's more, at IPO FRP set out a policy to pay out a generous 70% of its net profits as dividends, with quarterly payments being made. That target was met for 2021, with the 4.1p payment equating to a modest yield of 3.3% at the current price. Analysts at Liberum have a 180p target on the shares, suggesting 47% upside from the current price. Read Full Thread Reply
Posted at 26/6/2021 21:42 by southcoastbather Hey Bluemango I have no issue with you but these chats are for everyone and all views to do with FRP. I am 100 percent not the poster you are trying to associate me with. Are you aware FRP have already wiped out their own shareholders in the past? FRP have 2 options currently - they either take legal action against the board of directors at Koovs or FRP themselves get buried for misconduct - being a listed company with investors to answer to I think they will probably choose the first option. The exposure starts this week! Read Full Thread Reply
Posted at 26/6/2021 18:49 by southcoastbather Halimora - sadly your friend has no value in those shares as they were part of the old company. FRP advisory was itself taken into administration and then the assets were purchased by the Directors inc Mr Goff Rowley - they then brought the company back to the market and re floated the company. An administrator going into administration itself is some kind of irony hey!? In a nutshell old investors were wiped out and the board of directors that ran the company into administration picked up the assets for a pittance and then took money off new investors via the stock market for the new company and these are the shares that are currently traded. Beggars belief how this kind of thing happens. I hope your friend gets over this loss. Keep your eye on the financial times tomorrow its going to be a good one for your friend to read. Read Full Thread Reply
Posted at 07/4/2021 10:42 by bluemango You can see a 'higher low' on the chart; a sign that the gradual drift from June 2020 may be over, with the shares starting to attract more interest - as investors here start to look ahead to the necessary withdrawal of government support. A clear timetable of quarterly dividend payments will also help that process. Read Full Thread Reply
Posted at 17/2/2021 14:18 by paleje This was tipped a couple of days ago on Master Investor site:- Read Full Thread Reply
Posted at 15/2/2021 11:01 by bluemango FRP financial calendar on their website confirms quarterly dividend payable 11th June, is for Q3 - covering end Oct 2020 to end Jan 2021. Many companies with quarterly dividends tend to have equal payments for the first three quarters, with a larger payment for the last quarter once they know their year end figures. Read Full Thread Reply
Posted at 29/10/2020 07:28 by sunshine today Well it looks as if I was 100% correct back in May when the shares were trading at £1.30P. sunshine Today18 May '20 - 14:09 - 300 of 384 It appears that more than one investor got the PE wrong, at least itâ€™s now in the open. It shows that some so called great financial research sites, are rubbish without the human touch. For the reasons posted earlier I now no longer hold shares in FRP.Today the shares stand in the odd couple of pence below the stocks all time high and up from its 72P low. I think the company over time will thrive but with just 16% growth forecast and the government about to probably mess up the long established insolvency laws the case for investment has changed.I do hope those that have invested since I created the thread have done, and continue to do well. Read Full Thread Reply
Posted at 15/9/2020 10:42 by bluemango Wednesday 9th September 2020 14:15 BST Sky News has learnt that Philip Day, whose Edinburgh Woollen Mill Group (EWM) ranks among Britain's biggest private companies, has drafted in advisers to field enquiries about some of its best-known assets. Sources said on Wednesday that EWM had received expressions of interest in at least three of its brands, including Jacques Vert, from a number of "international investors", including at least one in China. They said that Mr Day had sanctioned the appointment of FRP Advisory to field those enquiries but emphasised that he was not actively looking to sell any or all of the three labels. Read Full Thread Reply
Posted at 27/8/2020 14:44 by sunshine today I think I called this spot on, my real worry here is not the company, but the government. They will cheat as long as they can, to prop things up, thus, preventing 15% of companies to going bust in the near future. My last post back in May. sunshine Today18 May '20 - 14:09 - 300 of 384 It appears that more than one investor got the PE wrong, at least it’s now in the open. It shows that some so called great financial research sites, are rubbish without the human touch. For the reasons posted earlier I now no longer hold shares in FRP.Today the shares stand in the odd couple of pence below the stocks all time high and up from its 72P low. I think the company over time will thrive but with just 16% growth forecast and the government about to probably mess up the long established insolvency laws the case for investment has changed.I do hope those that have invested since I created the thread have done, and continue to do well. They should all be in profit.I hope to do as well with my next investment SYME where the shares have fallen 70% since the IPO 8 weeks ago. Those have have the time can look then up on Proactive Investors. I like what they are doing, news since the IPO has been good with more due in June. Finally good luck here,I am moving on,and will no longer post on this board Read Full Thread Reply

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