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Investor discussions surrounding FRP Advisory Group Plc (FRP) in the days leading to the anticipated Q3 trading update reveal a mix of cautious sentiment and potential optimism despite recent challenges. A notable takeaway from the discussions is the significant drop in Administration appointments for FRP, which has decreased by 49% year-over-year, despite record levels of UK insolvencies. This decline has raised concerns among investors, with one participant highlighting that the company's unique selling proposition in complex insolvency work may be at risk given the current market conditions.
Amidst these insights, several investors expressed their strategies, with some indicating they are capitalizing on the current stock price, which is hovering between 135p-137p. Comments like "had a little go here this morning just under 136p" and "fundamentally and technically looks a great time to buy" suggest that while uncertainty abounds, there is also a faction of investors looking to position themselves favorably ahead of the upcoming trading update. The overall sentiment leans towards a cautious yet opportunistic approach, with many watching closely for upcoming developments that could affect stock performance.
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FRP Advisory Group PLC has recently made a strategic move by appointing Joh. Berenberg, Gossler & Co KG as its joint corporate broker, effective immediately. This appointment supplements the ongoing collaboration with Cavendish Capital Markets Limited, the company’s existing corporate broker. The addition of Berenberg is expected to enhance FRP's advisory capabilities and strengthen its position in the market, aligning with its growth strategy as a leading specialist business advisory firm.
The company's leadership, including CEO Geoff Rowley and COO Jeremy French, is optimistic about this development, which aims to leverage Berenberg’s expertise to support FRP's financial strategies moving forward. This move indicates an ongoing commitment to expanding their advisory services and strengthening their corporate governance framework, amidst a competitive landscape. Further communications regarding this appointment are being facilitated through financial public relations teams, highlighting the company's proactive approach in engaging with stakeholders.
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The legal case to remove FRP has started and the article will be coming out this coming week also. I will say no more than I already have as what I have said already is market sensitive in some respects. FRP may have to RNS the start of legal action. |
Geoff Rowley blatantly lied to shareholders. He is meant to be an Officer of the court.He extended the investigation due to shareholders concerns, then did not contact shareholders, instead threatening them with the insolvency act 1986. Journalists in the City are queuing up to expose his practices.He has nowhere to hide. |
Bluemango- I only post under this account- I have already stated what was going on with Geoff Rowley & FRP with regards to his shoddy performance in dealing with the Koovs administration.I do not know anything about the FT, but do know that many journalists in the City are aware of Geoff Rowleys behaviour.If true & this story does come out, Rowley &is finished in the Citu |
Well the guy's been going on about this for quite a while now, so perhaps we'll now finally see if the obsessive posts on a single issue have any substance to back them up. |
I do not like the sound of this... |
Hey Bluemango I have no issue with you but these chats are for everyone and all views to do with FRP. |
No, I'm not the one with the personal, obsessive vendetta, so don't feel the need to 'contact the company' thanks. |
You may be better off checking the progress update where FRP extend the administration due to shareholders concerns - then try and find another case where this has happened... you will not find another though as it has never happened! |
Meanwhile, a Google search from the most recent period, the past month, searching on 'FRP Advisory KOOVS' comes up with this obsessive individual's posts and nothing else. |
'southcoastbather' profile - created today (26th June 2021). Four posts on here, praising 'investographer' and all preoccupied with the same obsession, the same personal vendetta against FRP. |
Some posts from lse about FRP. |
Halimora - sadly your friend has no value in those shares as they were part of the old company. |
Asking for a friend of mine who had FRP shares originally which went into administration in 2017. But it still shows on her portfolio as FRP advisory group. so she tried to place a trade which has eventually been rejected with a message 'This stock is in administration and we cannot place this trade'. |
Investographer filtered for repetitive posts. Your point has been made. No need to keep ramming it down our throats. |
Geoff Rowley blatantly lied to shareholders in that he was going to conduct a thorough investigation. 18 months later, he has uncovered nothing.He should have kept to his word & not lied. I wonder what is in it for him for covering up for Lord Waheed Alli? |
And its Rocked the City so much the share price rises....... |
If I was in your shoes and thought lawyers had a cast-iron case, I'd be quietly satisfied, not coming on here trying deliberately to spook FRP shareholders with a one-sided argument arising from a personal grievance. |
Friendly advice, meant sincerely: |
The behaviour of FRP AFTER the administration is what will be his undoing. Geoff & his cronies thought that shareholders would melt away.He didnt count on Seth Freedman appearing on the scene.How can they extend an investigation by 12 months because of shareholders concerns- then not contact any of the shareholders that raised those concerns- Whoops |
"The offer from SGIK 3 Investments Limited to purchase the underlying business of Koovs in the UK and in India was the best one we received from a creditors' perspective," Rowley said |
Hhmm , More like a storm in a teacup but time will soon tell us. |
Geoff Rowley & FRP Advisory have got themselves into a right mess with their botched investigation into Koovs & it's management team led by Lord Waheed Alli. They made no progress after 12 months & had to extend the investigation due to shareholders concerns. They still have not contacted shareholders! The law firm that they called in RPC Law are complicit in this cover up that has been reported to the FCA & The Insolvency Service.Investigativ |
Type | Ordinary Share |
Share ISIN | GB00BL9BW044 |
Sector | Business Consulting Svcs,nec |
Bid Price | 135.00 |
Offer Price | 137.00 |
Open | 137.50 |
Shares Traded | 102,891 |
Last Trade | 11:22:50 |
Low - High | 136.00 - 137.50 |
Turnover | 128.2M |
Profit | 22M |
EPS - Basic | 0.0863 |
PE Ratio | 15.76 |
Market Cap | 344.27M |
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