Bluemango - spot on, is this sector you won’t find bullish outlooks on failing businesses! All good here. I think £1.30 is full value and take so e off the table at those levels. Strong hold, BEG looks compelling value at low 80’s and profits here went over there. Great sector to invest in for the next 12 months (sadly) |
Even if that were true, they would only be delaying the inevitable (& for a minority of cases) by a matter of months or even less. Governments cannot prop up failing businesses long term and nor should they; a Conservative government knows that better than anyone despite their current desperate measures. |
 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 |
A slight surprise was seeing the 'cautious optimism' comment at end of Chairman's statement. This could have been worded far more aggressively imo, but perhaps given the business in which they're operating, this might be regarded as unseemly? |
I was expecting more from the trading update from 1st May until now. Think it will do well towards the end of year but a slower burner |
On a simple, crude multiplying up from the eligible period for the dividend, you arrive at 4.3p for next year assuming no growth. Higher than the Midas estimate and a yield of 3.4%. |
BEG is 35% property services whereas FRP is pretty much 100% insolvency/restructuring. Also FRP has a much stronger balance sheet and their organic growth rate is 2x BEG.
I hold both. |
Yes. Both BEG and FRP will have weak first halves, but H2 and particularly FY21 should be exceptionally good. |
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. |
Trucking along nicely. In advance of tomorrow |
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. |
Roll on Thursday! Results day, 27th. |
even more surprised at the share price action at BEG - at least here we are approaching the previous highs again |
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. |
Pop this morning :) |
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. |
Hold this along with Begbies, well placed in the current climate, the market appears to be finally catching on |
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? |
Has this been tipped somewhere? |
Some movement at last.... |
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. |
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. |
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