You may be right, but worth noting that FRP had significantly outperformed BEG and K3C this year and was on a much higher valuation (and still is even after today's fall). Not sure there is any reason why it should be more highly rated than those 2, so don't feel the need to rush in just yet. |
This is a gift IMO as a 12 month hold. I’m in at £1.42, buy and forget. Already hold BEG and K3 but thought i had missed the boat here at FRP. Private placements quite often throw up nice opportunities. |
 https://www.fool.co.uk/2022/06/02/2-top-growth-stocks-to-buy-in-june/FRP Advisory GroupWhat it does: Provides a range of financial services to business including debt advice.Price: 160p per shareBuying UK shares that thrive during tough times is a good idea. It's why I'm considering adding FRP Advisory Group (LSE: FRP) to my portfolio right now.The distress signals coming from British business are unfortunately becoming much louder. Latest Office for National Statistics data for example showed that 40.2% of small-to-medium-sized businesses have cash reserves that will last three months, or less.With inflation tipped to keep rising and consumer confidence sinking, the pressure on UK business is set to grow. Companies that provide debt advisory services like FRP could become very busy in the months ahead, and possibly beyond.This explains why City analysts think earnings at the company will rise 20% in this fiscal year (to April 2023). They also believe the bottom line will improve by an extra 17% year-on-year in financial 2024 too.Fresh government support for struggling businesses could hit new activity levels and put these forecasts in jeopardy. Still, as things stand today, I think buying this growth share could be a great way for me to diversify my portfolio and protect my wealth. |
Results due August. |
Rapid rise here at present, do any holders have views as to magnitude of possible dividend increase? |
Agreed. K3C in particular is mispriced |
Looking at today's price movements (FRP, BEG and K3C all heavily up) it seems that the markets have finally concluded that most of UK plc is likely to need refinancing or restructuring. These three stocks look pretty solid and sound investments for the medium-term given headwinds approaching. |
Looking at today's price movements (FRP, BEG and K3C all heavily up) it seems that the markets have finally concluded that most of UK plc is likely to need refinancing or restructuring. These three stocks look pretty solid and sound investments for the medium-term given headwinds approaching. |
Market distracted with BEG results, meanwhile, institutional volume continues through the books here following the breakout... |
2 year breakout above c133p resistance. Forward eps up 40% in that time. Could be a good rise on here. |
Cenkos research note:
FRP has released a very positive FY22E trading update in which it expects revenue would be £95.2m (+21% YoY; we had forecast £88.6m) and Adj EBITDA would be £25.7m – up 12% YoY and comfortably ahead of our £24.2m forecast. Given that the UK administrations market declined 22% YoY in FY22E (as Government support measures offered a temporary lifeline to many businesses), we see this as an excellent performance, which demonstrates FRP's resilient ability to grow throughout economic cycles. |
Nice, forward-looking all time high. |
 - Data from Begbies Traynor's "Red Flag Alert" points to a coming wave of business failures as the economy adjusts to the post-pandemic reality with Covid reliefs cut off and a rapid growth in inflation
The latest Begbies Traynor "Red Flag Alert" research, which has examined the financial health of British companies for the past 15 years, highlights the strain two years of extraordinary financial pressures have had on thousands of UK companies.
Helped through the pandemic and its aftershocks by state support, the report now reveals a 19% jump in the number of companies in critical financial distress with these measures cut off and costs spiralling.
The most recent County Court Judgements (CCJs) data revealed 11,673 rulings in March - up 179% on the monthly average for the previous two years - and the highest level in a single month for five years.
With companies struggling with rising inflation, coupled with the demands of repaying Government Covid support loans, there is now a growing risk of a wave of insolvencies affecting vulnerable British businesses. |
Breakout today. Let's hope it closes around 140p. It's about time FRP broke out of its c. 30p range. If it does, it would tie-in with analyst forecasts of 165p... and it could get there very quickly. |
Agree with the above.
Share price approaching all time high, well managed company, an economic outlook which favours the business, and an already decent yield. What's not to like! |
Very interesting comparing share price movements for FRP with BEG and K3C... far less volatility. Clearly there's a significant tranche of shares held back in trust for employee share options (a very good thing), but the company appears to be well managed and understated inn reporting. For FRP at least, it's good to see that company administrations are on the up (not just lower-value liquidations), and also the increased number of news items concerning their involvement in large-scale M&A activity. Can't wait to see their next set of results. Price charts and analyst reporting clearly point towards a breakout from 135p to at least 165. Fingers crossed ! |
This one continues to nudge upwards, seems to be a decent buyer in the background |
Hold this in a few places, div in at interactive but not with HL |
Has anyone received their Q1 dividend, payment date should have been Dec 24th? Still waiting for mine but I expect it's just Xmas BH delays. |
More scaremongering. There's nothing untoward about the extension. The issue here is with shareholders who made a poor investment decision in Koovs and are desperately looking for a scapegoat. |
Just out Companies House, FRP Advisory have extended their Koovs administration investigation by another year to Dec 2022, that will be 3 years to close this case.Shareholders have expressed serious misgivings about the conduct of FRP Advisory, RPC Law. Press have been notified. |
FRP advisory is an emerging UK advisory firm involved in forensic services, pensions, restructuring, debt, and corporate finance advisory to raise capital for clients while providing suitable valuations. From a financial perspective, the firm derived a profit margin of 21.31% , stemming from an £8.8m surge in revenue (£44.7m-£35.9m) with respect to 2020. Subsequently, adjusted EBITDA was £11.1m in 2021, 14% higher than the £9.7m generated last year, signifying that FRP advisory is able to fund its operating and activities effectively while deriving attractive operating profits, such was the case of the £5,825m yielded in 2021.
Keep up to date with WealthOracle AM |
Superb H1 results showing very positive impact of Corporate Finance acquisitions coupled with organic growth. FRP operate in a higher-level restructuring area than BEG, dealing with larger Administration cases rather than lower-value Creditors Voluntary Liquidations. This is the area where government support has particularly distorted insolvency numbers.It's only a matter of time until pent up pressure causes this dam to burst... and when it does fee income should increase dramatically. |
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