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Discussions surrounding FRP Advisory Group Plc on ADVFN this week reflected mixed emotions among investors following the recent trading update. Many expressed optimism about the company's performance, with the sentiment that trading across all five service pillars is ahead of board expectations. Martincc highlighted this optimistic outlook, noting that "trading ahead" typically implies growth exceeding 10%. This sentiment is reinforced by the business's maintenance of a leading position in the market, despite a slight decrease in market share.
However, some investors were cautious. Bigbaggy pointed out a lack of detailed information in the positive trading statement, suggesting that this deviation from FRP's typical transparency may warrant investor scrutiny. Despite these concerns, several participants, including adipsia1, reported a sense of stability, with no significant accounting anomalies to worry about. The overall investor sentiment seemed to hinge on the perception of future growth, with increasing analyst expectations indicating potential positive shifts in consensus price targets, as highlighted by alphahunter. As a result, while optimism is prevalent, a careful watch on market developments and company communications will be essential in shaping investor confidence moving forward.
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FRP Advisory Group PLC, a London-based business advisory firm, reported a positive trading update for the nine months ended January 31, 2025, stating that performance across all five of its service divisions is exceeding the Board's expectations. The company highlighted a robust pipeline and high activity levels, positioning it to deliver results for the fiscal year ending April 30, 2025, that will surpass current market projections. This optimism indicates a strong demand for its services amid varied client needs throughout their corporate lifecycle.
In conjunction with the trading update, FRP declared a dividend for the third quarter, emphasizing its commitment to return value to shareholders while maintaining its growth trajectory. The firm is scheduled to provide a more comprehensive full-year trading update in mid-May 2025, which will further clarify its financial performance and outlook for the upcoming period.
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Looking at Insolvency Insider Administration appointment data, it appears that FRP remain the largest appointment taker in the UK with increased market-share. |
Or just a reaction to the inflation / int rate decision - yield curve now significantly inverted, UK recession starting to be priced back in. |
No concrete news but this has risen strongly from 108p to 132p in last few days...something interesting could be afoot perhaps ?? |
Looking like a strong breakout from trading range. Next probable resistance around the 132-135 mark, but the fundamentals look very strong. Full year results due to be released on 26 July and it's hard to envisage a less than very positive trading statement given the economic situation. UK administrations are clearly picking up again. |
Could be at the very least a good trading op here (to c£1.40+)? Turns out the potential miss wasn't one after all and Cenkos have upgraded 2024. Price was just under £1.50 before that previous update. |
Looking interesting, can't decide between here and BEG |
L2 moving at last, more buyers then sellers |
Blimey that was a larger sell of over 500k today. Hopefully its now in the price. |
Hopefully that was the bottom in, surprised at the fast and sustained fall (maybe a forced seller?) and i am now reinvested here for the first time in a long while. I couldn’t justify the valuation for the past 12 months but at under £1.10 i am happy to be back as one to tuck away. Also bought back into BEG at £1.15 which has been range bound for as long as FRP has been overvalued! |
what i know for sure is that the UK stock market has been looking miserable over the last few months. That will likely lead to more insolvencies if anything? |
Still falling here. I wonder where the bottom will be / |
It appears that large volume increases earlier in the month are down to share options granted to employees on IPO being exercised and then tranches being settled to fund tax bills. |
New UK insolvency data released on Tuesday by the UK Insolvency Service. Feb 23 v Feb 22: Liquidations (SMEs - Begbies market) up 13%, Administrations (Larger companies - FRP’s market) down 1%. |
Aye. I've been watching this over the past few weeks. Just in for 10k worth first thing at 116 so happy with that. |
Joined him with a few this morning. Maybe a big overhang has been cleared, there was big volume at 110 late last week |
Big director purchase |
Still falling. Now below support of 120p . How much further will this fall i wonder ? |
Looks very close to the 120p support now. It has certainly fallen along way this year so far in a sector that was supposed to do well ! |
Retail_Rights: you make a very good point. It reads like they are preparing the groundwork in case they miss their numbers. Same I saw on RBGP who missed targets because M&A Advisory deals didn’t complete. My reading is that the M&A market is now very challenging. |
Trading update just released. Looks like the company is becoming busier (perhaps not a surprise given the current economic climate) which is somewhat promising. However, I am concerned about the following statement: "Based on year-to-date trading, the Board expects to be broadly in line with consensus FY 2023 revenue and adjusted EBITDA(2) expectations(1) , with the outcome subject to the timing of completion of several FRP Corporate Finance transactions around the year end." The indication of being broadly in line with expectations is of course good, but the final sentence means results are highly dependent on some events which may be outside of the company's control. I would advise caution here as to a potential profit warning if timing doesn't work out on some transactions. |
FRP Advisory Group plc, a leading national specialist business advisory firm, issued a trading update for the HY ended 31 October 2022 this morning. The Group's performance remained strong during the first half, with continued growth in revenues and profits. The Group expects to report revenue for H1 2023 of £49.4m, up 10% on the prior year and underlying adjusted EBITDA of £11.6m, up 5% on the prior year. Both are in line with the Board's expectations to date. The business is growing steadily and remains very profitable for the Professional & Commercial Services sector. The balance sheet is robust with negative net debt, the share price also has positive momentum. Valuation is the main potential cloud for the investment case, forward PE ratio at 20.9x looks unhelpful for the sector. But the share has only traded to a trailing 12-month PE low of 19.2x since listing in 2022, a more enticing PE valuation may not be on offer anytime soon. BUY... |
A sad day for Rugby Union today with Wasps going into Administration, but it looks like being very healthy from a fee-income angle for FRP. |
Trending breakout occurred a couple of days ago. AGM news not due until mid-September, so looking like analyst-forecasts of 176 may well be exceeded before that. Unlike BEG and K3C, FRP is making new highs, so no longer-term resistance levels to cause short-term problems. Prior trading-range depth would suggest 185 as a target-price for this trend. |
Type | Ordinary Share |
Share ISIN | GB00BL9BW044 |
Sector | Business Consulting Svcs,nec |
Bid Price | 141.50 |
Offer Price | 143.00 |
Open | 141.00 |
Shares Traded | 328,678 |
Last Trade | 16:35:25 |
Low - High | 141.00 - 142.25 |
Turnover | 128.2M |
Profit | 22M |
EPS - Basic | 0.0896 |
PE Ratio | 15.88 |
Market Cap | 346.23M |
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