Frp Advisory Share Discussion Threads

[investographer] 22/11/2020 13:53

https://www.telegraph.co.uk/business/2020/11/21/aston-boss-stroll-f1-bribery-row/

[investographer] 22/11/2020 13:52

https://www.randrlife.co.uk/aston-boss-stroll-has-been-withdrawn-to-serve-in-india-court/Geoff Rowley being sued He is suing the team managers, two notable FRP Advisory figures, including Geoff Rowley, CEO, for allegations of negligence and breach of trust in the sale process. The son of Mr. Mazpin is also a racing driver.

[investographer] 22/11/2020 13:51

https://www.retailgazette.co.uk/blog/2020/11/frasers-group-warns-edinburgh-woollen-mill-administrators-against-unfair-deal/

[bogman1] 19/11/2020 20:47

I can smell Mike Ashley sniffing about

[monkey79] 17/11/2020 11:38

Take a look at MANO, who's share price is unbelievably depressed following an inaccurate and erroneous report from Share Prophets’ IMO. PE is a fraction of FRP. - Company highlights:- • Largest UK insolvency litigator, 65% market share. In a growing market estimated to be worth 1.5bn pa. • Jackson reforms removed success fees, ‘no fee no win’ arrangements. Transformational for third-party funders like MP, who purchase 92% of their 2021 cases. • Potential barrier to entry for new insolvency litigators as likely will require capital funding to buy cases. • Primary litigator for HMRC. In the last 3 months 2 cases generated £7.2m profit. • MP has built a national network of solicitors in the last 2 years, previously London/SE. • From 2014 to 2019, annual new case instructions had been c40-60 pa. Since MP built national network of solicitors new case instruction tripled - 2020 - 141 cases - YTD 2021 (6 months) – 126. • Bankruptcies have recently been falling due to government support, MP’s business has flourished under this environment. • Case duration 11 months and 92% of cases purchases. Comparisons with Burford Capital are ill-conceived – different metrics. • Half year profit 9.5m (4.0m was from realised cases). PE is currently 6.6 - fair value of unrealised gains on investment cases is being ignored by market. PE ridiculously low for a company with MP’s growth. • Since IPO in 2010, MP have realised 305 cases for £18m. They currently have 224 ongoing cases. Ignoring the fact that the number of new case instructions and values are increasing, 224 cases should realise 12m in the next 11 months. The current discounting of MP’s fair value of unrealised gains will abate over the next year when gains are realised. • MP’s two cartel cases (£5-£10m each) are nearing completion, could potentially amplify growth. • BANKRUPTICES WILL SKYROCKET WHEN GOVERNEMENT SUPPORT IS REMOVED. Estimates that 800,000 to 1,000,000 companies could fold within a year (normally 15,000 to 20,000 pa). MP have national network and capacity to take on transformation number of new cases. I’m struggling to see the downside here exactly?!

[investographer] 15/11/2020 08:59

Regardless, both parties will want a swift resolution to this matter from the Supreme Court of England. And it will be interesting to see which way the verdict will go in the coming months.

[investographer] 15/11/2020 08:58

According to The Times ,Uralkali, the Russian company for which Mazepin is the main shareholder, accuses Rowley and Baker, senior partners at FRP Advisory, of conducting a fundamentally flawed and unfair sale. Uralkali says it was "materially misled" about a bidding process the administrators had said would be fair and transparent.

[investographer] 15/11/2020 08:57

Https://www.essentiallysports.com/f1-news-aston-martin-boss-lawrence-stroll-in-hot-water-over-illegal-force-india-f1-deal-reports/

[bluemango] 13/11/2020 16:07

Very decent trading update.

"the Group expects to report revenues for the half year to 31 October 2020 of GBP35.9m, up 14% on the prior year (H1 2019: GBP31.4m), and underlying adjusted EBITDA* of GBP9.7m, up 7% on the prior year (H1 2019: GBP9.1m), in line with the Board's expectations"

Half year results due in just over 4 weeks' time on 16th Dec. Note this will be the first full 6 months of earnings since IPO on which to base a dividend payment.

[daneswooddynamo] 09/11/2020 17:47

Indeed, what people often forget is that you need economic conditions to improve to the extent that creditors/banks find it worthwhile putting zombie businesses into administration to try to recover at least some of the debts

[bluemango] 09/11/2020 13:58

Positive Pfizer vaccine news means more likely restrictions and furlough etc to be short term only, meaning artificial buttress against insolvency will be removed. Back to survival of the fittest by Spring? All other things being equal, should be bullish for FRP.

[investographer] 09/11/2020 11:15

Https://www.retailsector.co.uk/425120-frasers-group-claims-to-have-been-frozen-out-of-ewm-bid/

[investographer] 09/11/2020 11:12

Https://www.telegraph.co.uk/business/2020/11/08/mike-ashley-complains-frozen-auction-rivals-brands/

[bluemango] 06/11/2020 20:27

"Tony Wright, the joint administrator from business advisory firm FRP, said both Edinburgh Woollen Mill and Ponden were trading well before the coronavirus pandemic and FRP would continue to search for buyers for the businesses so they do not disappear completely"

[bogman1] 06/11/2020 17:52

Edinburgh woollen Mills back in the news. Frp Tony Wright from frp said they were looking for buyers. Should be on a commission or a good fee.

[sunshine today] 05/11/2020 14:19

Government and BOE pumping Billions more into the system.

That puts back any serious profits here for months or even a year.

In fact this stock could slump, if its workload dries up.

[daneswooddynamo] 29/10/2020 13:25

Record equity prices...lol

[sunshine today] 29/10/2020 13:12

In part your correct, but the debt the government is prepared to take on,is unfortunately, unlimited.

Hence,we have average house prices, ten time income, and record equity and bond prices.

Basically you could be waiting a while.

The time to buy is when the banks fail and governments don’t have the ability to save them.

[bogman1] 29/10/2020 13:06

Just deferring the paydays for beg and frp

[sunshine today] 29/10/2020 12:31

It’s not just the courts, government intervention is keeping the zombies alive, for ever it seems.!!

[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.