Sounds promising...https://www.londonstockexchange.com/news-article/MANO/change-of-date-for-full-year-results/14585559 |
First update on FRP's Twitter feed in last 2 weeks, is (unusually for them) to publicise their job vacancies. Maybe struggling to keep up with demand? |
Mention in the Times online today
"It is probably easier to list the casual dining chains that have not hired restructuring advisers than those that have."
"Pizza Express, Prezzo and Gourmet Burger Kitchen are among the household names to have appointed firms to help them consider “options” as they battle to survive — and more are likely to follow. Prezzo, an Italian concept with about 180 restaurants, has taken on FRP Advisory to help it navigate the Covid-19 minefield" |
Some interesting comments in this article from 2 days ago reporting the appointment of a new FRP partner in Scotland.
"The firm’s restructuring wing will be in keen demand in the months ahead"
"The team in Scotland warmly welcomes Chad as our fourth partner in Scotland at a key point in the development of the business. He ... will complement our business and will position us well to meet a steady growth in demand for our expertise"
"The news comes just a month after FRP Advisory promoted two members ... as demand for restructuring services from consulting firms boomed thanks to the Covid-19 pandemic" |
It's an ill wind that...... has allowed me to pick up some stock at a decent price. |
And the share price drops on one of the very few defensive stocks against the dire economic outlook! |
FRP Advisory in the news again today
Dominic Walsh
Wednesday June 10 2020, 12.01am, The Times
More than 1,000 jobs have been saved after the country’s best-known double-glazing company was rescued from collapse.
Everest has been sold back to Better Capital, its private equity backer, via a pre-pack administration. The deal, negotiated by administrators at FRP Advisory, secures 413 full-time jobs plus 600 self-employed contractors. |
Good spell of buying today.
1 year high equalled. |
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 |
Added again this morning. Was always planning to, so was annoyed to see the IC tip spoiling my timing! |
Marked up to 125.50p from the start, must be due to the IC tip |
Depends on if the share price goes up, or down. |
Is this a good or bad thing (?!) |
Featured in IC's tips of the week this week... |
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 |
No probs bluemango |
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. |
Frp advising monsoon accessorize which is on the brink of going in to administration |
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. |
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. |
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. |
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. |
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 :) |
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