Politics is only noise for the long term investor. Gives us all good buying moments but realistically in 10 years it will matter little |
Thanks bogman1. I shouldn't have raised politics, only gets people cross and highlights inconsistencies, but it is relevant for FRP in next few weeks. Defensive portfolio is a good thing at present. GL. |
Quite right, Here is not the place for politics but I hope I have already a defensive enough portfolio to withstand whatever takes place over the water |
Ive never voted for a socialist party or a liberal one in more than 50 years so do not judge my view of Trump as anything more than loathing for the man and his views and actions.
I am invested in FRP because they offer a service that should make good profits like any of my other investments. |
Spoken like a true Socialist. Yet here you are, on an investment bulletin board, attempting to benefit from the Capitalist system you clearly despise. |
Trump isn't interested in Western economies or cultural values. He's only interested in conservative America and making money regardless of how damaging the process may be. As for misunderstood, it's blatantly clear that he lies, takes enormous risks and alienates anyone or country that does not agree with him. Single handedly he's done more damage to America's standing than anyone previously. I just wish I could vote. |
Clearly we disagree on Trump, I actually think he's the most misunderstood, smeared, misrepresented President in living memory, but that's another story. For now, Western Economies (quite apart from preservation of what remains of our culture and values) need him re-elected. But in case he isn't, life goes on and you have to plan your strategies accordingly. |
Thanks mango excellent points, think they have to get trump out the door though whatever the cost... could present some excellent buying opportunities |
I'm keeping cash ready until after the US elections on Nov 3. If Biden wins, US Stock market and Economy will tank, & probably bring down UK with it. So I won't be buying any stocks in next 3 and a half weeks. On past form, a market panic fall will also bring down FRP with it and that will be time to pile in imo. |
Is this now at a buy level lads? Seems a great one for the future. Bought at 118 so considering topping up |
Hi BM, yes, bizarre! I suppose until Rishi's cheque book and account is exhausted, some patience will be required? Cheers, tightfist |
Bit like phase one, sometimes stuff just got priced down indiscriminately, should throw up the odd bargain or two. |
Just perverse. If FTSE 100 is down nearly 3%, a major driving factor being fear of another lockdown and the knock-on effect on the Economy and businesses, why is FRP also down? Bizarre. |
Intriguing acquisition of (profitable) JDC Group. Surprised there hasn't been more positive reaction. This is precisely the kind of action that will accelerate value, boost earnings, achieve synergies and increase market coverage/penetration. |
"FRP Advisory Group plc, a leading UK professional services firm specialising in restructuring advice, is pleased to announce the acquisition of the JDC Group. Consideration compromises cash, founder deferred consideration and the issue of new ordinary shares for a total of £5.3 million plus a further payment contingent on the net assets of the JDC Group at completion of the transaction."
looks a useful acquisition |
Significance of the above story (whatever the outcome) is that yet again, a high profile businessman (Philip Day is a well-known entrepreneur in the Fashion sector) has chosen, amongst the more established competition available, to use FRP Advisory. |
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. |
Added today.
Probably famous last words, but there seems to be support at this level and with a yield of over 3% and plenty of scope for growth & grabbing market share from some of their less nimble competitors, considered this a reasonable time to add. |
Interesting article, despite the ridiculous opening paragraph - given the business they're in, the good performance is at least in part BECAUSE of, not 'despite' the economic uncertainty! |
Bet as Brexit worries start to resurface in September investors will be keen to add a few again. |
tipped as a buy in the IC today. |
Ummm, the 3mm PBT is for the 2 months since listing. FY PBT is forecast at 16.4mm rising to 18.9mm. |
Each to their own, but I'd have thought there are easier candidates to short than a niche, growing, specialist, dividend payer at over 3% yield, poised to be one of the few companies in the market to actually benefit near term from the Covid-19 situation.
I think I'd instead tend to look for a company perhaps saddled with debt, maybe with an unproven or speculative (or outdated) business model that's going to face difficulties in the current uncertain market? Probably a few of those around? |
PBT of £3m when the market cap is £280m+ puts me off, especially without a very bullish outlook or significant revenue growth expectations. Pity, because I was really holding out the last few months and expecting a higher PBT number. Closed my long position this morning to break even and now debating if it is a potential short. |
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