Chart looking good for 130p target last seen Aug/Sept 2020. |
Given the strength in K3C and RGBP currently isn't it due some interest? More would be welcome |
Ah, apologies my mistske |
No, as I said it's not that - which was simply an administrative change of ownership. |
JTC just bought 7.71% :-) |
Bit of interest today? And as explained at the top of it, not at all related to today's holding notice. Something else driving this. |
You can see a 'higher low' on the chart; a sign that the gradual drift from June 2020 may be over, with the shares starting to attract more interest - as investors here start to look ahead to the necessary withdrawal of government support.
A clear timetable of quarterly dividend payments will also help that process. |
Nothing more tedious than a misguided, obsessive conspiracy theorist. |
Geoff Rowley always in the thick of controversy.Just wait until he, FRP & RPC Law are fully exposed with regards to the sham administration of Koovs |
Just topped up on the news, fully invested in this sector as I feel it is vastly undervalued and once the support ends the big boys will move in. Onwards and upwards. GLA |
Pandemic impact 'yet to be felt on High Streets' |
Good acquisition just announced; Spectrum Corporate Finance.
'On an annual basis going forward it is expected that Spectrum's underlying incremental contribution to FRP will be revenue of GBP7.5 million and adjusted(1) EBITDA of GBP2.1 million'
That would feed through to around a 10.5% increase in profits for the coming year. |
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 |
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