Frp Advisory Share Discussion Threads

[alter ego] 29/10/2020 12:28

as linked in post 428

Julie Palmer, Partner at Begbies Traynor, said:

"It is noteworthy that the number of businesses in significant distress have grown substantially in the last three months, even with court capacity significantly reduced due to the pandemic. With so many businesses limping along there could be a flood of insolvencies when the courts do get back to anywhere near normal capacity and attempt to clear the backlog of pending cases. This in itself, combined with the end of the furlough scheme and other government support measures, is likely to have a material impact on the UK business failure rate.

[sunshine today] 29/10/2020 07:29

So the U.K. government has done the insolvency service a good kicking, by keeping alive those 15% - 25% of companies that should be allowed to go under.

The nett effect, kick the can down the road, end result ;; DEEP DEPRESSION

[sunshine today] 29/10/2020 07:28

Well it looks as if I was 100% correct back in May when the shares were trading at £1.30P.



sunshine Today18 May '20 - 14:09 - 300 of 384

It appears that more than one investor got the PE wrong, at least it’s now in the open. It shows that some so called great financial research sites, are rubbish without the human touch. For the reasons posted earlier I now no longer hold shares in FRP.Today the shares stand in the odd couple of pence below the stocks all time high and up from its 72P low. I think the company over time will thrive but with just 16% growth forecast and the government about to probably mess up the long established insolvency laws the case for investment has changed.I do hope those that have invested since I created the thread have done, and continue to do well.

[bluemango] 28/10/2020 10:31

My post #403 of 8th Oct still stands. I've kept cash ready (though not sold any FRP) and will wait for outcome of US election before committing more funds, anywhere, not just this company.

If Trump manages to win we can relax a bit and markets might start to recover, though the dominating near term dampener is still obviously Covid. But if Biden wins, the fallout here is going to be unpredictable to say the least. FRP will probably then be even cheaper, dragged down with the overall market panic, and I shall then be a buyer because the UK will need their services more than ever. All imo.

[daneswooddynamo] 23/10/2020 19:53

that is a standard resolution that most companies will propose at their AGM as a matter of course. They also apply an allotment resolution to issue shares. This company raised 20 million of new money on its float six months ago at 80p, mainly to fund acquisitions of which a few have already been announced.

They would look a bit daft to issue equity at 80p and buy it in at a quid

[c18bfc] 23/10/2020 19:38

Company now able to buy back shares - motion was passed yesterday. That's a louder noise than any delay in business. They will start to fill their boots, not daft are they...

[bogman1] 23/10/2020 16:41

Thought that there was issues with the courts over the period getting stuff through. Large purchase at 4.05. But this share is pretty illiquid so I have faith.

[c18bfc] 23/10/2020 16:34

I can only put the reason for the drop down to the AGM update noting "significant reduction in the number of formal insolvency appointments compared with the prior year as a result of the support measures made available by the UK Government". So number of insolvencies lower than pre-covid hence the drop? I think people were expecting a slurry of insolvencies already...

[bogman1] 23/10/2020 15:28

I can see her fall. But not concerned. Yeah maybe jumped the gun a little. But insolvency experts in these times... that could jump tomorrow. Or I am hoping it will!! Why get out at a loss?

[stevieweebie2] 23/10/2020 14:25

yeah the bad news is the share price ;) can you see it now.

[bogman1] 23/10/2020 13:41

Haha. Cheers. I can wait till she comes back round. Is there some bad news coming? I can't see it....

[stevieweebie2] 23/10/2020 13:19

Well done

I just sold and took the loss, ill buy back in at 80.

[bogman1] 23/10/2020 12:43

Added today... sensible one for the future

[tightfist] 18/10/2020 08:46

One wonders where the very public arm-wrestle between Johnson and Burnham will lead..... will Rushi be instructed to bolster his bail-out budget for another round?.How is this going to play-out for BEG and FRP prospects - more patience required? - or a lost cause? Time to tune-in to Andrew Marr?? Cheers, tightfist

[maxplus2] 17/10/2020 17:10

Question on dividend. Is that £0.0066 from FRP?

[tightfist] 10/10/2020 08:03

An interesting view from this morning's paper:."Mr Sunak cannot afford to waste money but nor can he be hawkish too soon. The economic hangover from coronavirus will be a kind of long Covid; a hard climb back to normality that the IMF has called the "long ascent".Sounds like FRP may become a lucrative game of patience? NIAI

[bogman1] 08/10/2020 21:08

Politics is only noise for the long term investor. Gives us all good buying moments but realistically in 10 years it will matter little

[bluemango] 08/10/2020 14:03

Thanks bogman1. I shouldn't have raised politics, only gets people cross and highlights inconsistencies, but it is relevant for FRP in next few weeks. Defensive portfolio is a good thing at present. GL.

[bogman1] 08/10/2020 13:57

Quite right, Here is not the place for politics but I hope I have already a defensive enough portfolio to withstand whatever takes place over the water

[alter ego] 08/10/2020 13:54

Ive never voted for a socialist party or a liberal one in more than 50 years so do not judge my view of Trump as anything more than loathing for the man and his views and actions.

I am invested in FRP because they offer a service that should make good profits like any of my other investments.

[bluemango] 08/10/2020 13:48

Spoken like a true Socialist. Yet here you are, on an investment bulletin board, attempting to benefit from the Capitalist system you clearly despise.

[alter ego] 08/10/2020 13:39

Trump isn't interested in Western economies or cultural values. He's only interested in conservative America and making money regardless of how damaging the process may be. As for misunderstood, it's blatantly clear that he lies, takes enormous risks and alienates anyone or country that does not agree with him. Single handedly he's done more damage to America's standing than anyone previously. I just wish I could vote.

[bluemango] 08/10/2020 12:39

Clearly we disagree on Trump, I actually think he's the most misunderstood, smeared, misrepresented President in living memory, but that's another story. For now, Western Economies (quite apart from preservation of what remains of our culture and values) need him re-elected. But in case he isn't, life goes on and you have to plan your strategies accordingly.

[bogman1] 08/10/2020 12:29

Thanks mango excellent points, think they have to get trump out the door though whatever the cost... could present some excellent buying opportunities