Extraordinary. Timetable of restrictions being lifted (therefore clearer sight of likely end of Government support for ailing businesses) and yet FRP share price drops back. That's the AIM market for you, not always rational. |
Tip mentioned in #496 (published Monday 15th) says he can see the shares rising to '130p within a short timeframe' |
Interesting, thanks for that.
Good to see Cenkos confirming they still see a 3.9p dividend, rising to projected 4.6p next year, which is a decent forward yield of 4.2% at current price. |
This was tipped a couple of days ago on Master Investor site:- |
Not only have certain sectors been especially hit (travel agencies, hospitality, High Street non-essential retail to name just a few) there will have been changes in spending patterns that will likely be longer term and business models that will have become relatively obsolete. The nimble will survive, but there will also be much change in businesses still to feed through the system. |
The prospect of 'soon' removing Government support for businesses as more of the population are vaccinated, should (unfortunately) see insolvencies closer to the highs you'd expect and therefore more work for FRP.
Double bottom (first low was end Nov) forming on the chart = bullish. |
As a follow-up to above, assuming the annual dividend total to be the Cenkos estimate as at June 2020 of 3.9p, that would mean a Q4 dividend payment of 1.5p. [3.9p - (1.6p + 0.8p)] |
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. |
Good, positive update.
As a reminder, the Cenkos forecast at the time of the IC write-up last June, for y/e Apr 2021 was eps 5.6p with annual dividend 3.9p.
Nice to see them honouring the commitment to quarterly dividend payments. Here's the June 2020 article again: |
A useful and moderately positive write-up on Stockopedia/Paul Scott this morning. Apparently there are new Cenkos figures available on Research Tree, apparently whittles down to a forecast 6.4p adjusted eps. |
Agreed, looks as though they will be delivering numbers virtually one year in advance? The phrase "..... and additional pressures on some businesses from the UK leaving the EU." may be OK in this FRP context but sounds a bit U.K. ominous!.And finally a quarterly dividend of 0.77%. What's not to like? tightfist |
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." |
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