1.6p ex next week, not 1.66p, I think. The previous dividend was 0.66p. |
Odd mkt reaction! |
Very impressive in circumstances. Think how they will perform when insolvencies really start to pick up. |
XD on Thursday of next week for 1.66p also. |
Impressive update |
High profile administration of Debenhams, conducted by FRP Advisory, now concluded with a brand sale to Boohoo: |
Lol. Why would anybody short this stock. It's headed for the moon. Throw a dart up a high street and pick one of those. |
Multiple posts, all relentlessly negative.
Why not just admit you've shorted this and have a clear agenda, diametrically opposed to shareholders here? Either shorted or disgruntled from a bad outcome personally. Just move on! |
FRP in the thick of another dodgy insolvency. This time involving the scandal involving Lord Waheed Alli & Koovs.Https://www.thetimes.co.uk/edition/business/labour-peer-lord-alli-feels-heat-over-asos-of-india-deal-tnr8nxb3p |
"We regret that not all of Edinburgh Woollen Mill and Ponden Home could be rescued," said Tony Wright, partner at FRP. "This has resulted in a significant number of redundancies at a particularly challenging time of year and period of economic uncertainty." |
Slow burner this one..all the news about business going under..once furlough gets pulled is when this will jump |
M&S buy jaeger. Sales for Edinburgh woollen mills and ponden homeware in progress |
M&S negotiating to buy jaeger, part of Edinburgh woollen mill through FRP |
This is literally the only stock showing blue on my monitor this morning |
Came out last week on Companies House that FRP Advisory have had to extend their administration investigation into Koovs by another year, after telling shareholders it was nearly complete. Apparently new information has come to light from shareholders that FRP did not investigate. The FCA & Insolvency service are also investigating. Labour Peer Lord Waheed Alli is their client. |
Encouraging comment in the report saying they continue to grow market share despite backdrop of Government support suppressing insolvencies in the sixth month period. Bodes well for future growth. |
I think it mail definitely be different this time around unfortunately |
Featured in today's Investor's Champion update:
FRP Advisory: adjusted, underlying EBITDA (another cracking term!) was up 7% to £9.7m but operating cash flow was a negative £2.5m, resulting in period end cash of £15.4m.
As has been the case with AIM peer Begbies Traynor (LON:BEG), ever since its listing in 2004, the much anticipated tidal wave of insolvencies has yet to materialise, but perhaps it will be different this time around. |
"Half year revenues up 14%
"The Board declares an interim dividend for the first half of 1.6p per eligible share. This dividend will be based on shareholders per record date of 19 February 2021 and will be paid on Thursday 18 March 2021.The board intends to adopt a quarterly dividend payment schedule commencing in 2021
"The Board believes current trading is on track to comfortably achieve full year expectations" |
Solid results.. |
Results in just five days' time.
Looks like the market is beginning to anticipate some decent figures.
Either that, or the last remnants of 'Project Fear' and perceived increased prospect of insolvencies.
And it's the first full six months' earnings from which to payout a dividend. |
FRP Advisory secures international acquisition for energy firm
Yorkshire energy management software firm becomes part of Australian listed technology company
We are pleased to announce that Skipton-headquartered energy management business Optima Energy Systems (Optima) has been acquired in a £6.4 million deal by the Australian technology firm BidEnergy.
I imagine the fees accruing to FRP from this £6.4 million deal would be quite attractive - and all good for reputation. |
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