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FRP Frp Advisory Group Plc

158.50
-0.50 (-0.31%)
Last Updated: 08:45:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frp Advisory Group Plc LSE:FRP London Ordinary Share GB00BL9BW044 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -0.31% 158.50 15,272 08:45:27
Bid Price Offer Price High Price Low Price Open Price
157.00 160.00 158.50 158.00 158.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 128.2M 22M 0.0863 18.31 405.47M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:01:05 O 664 159.70 GBX

Frp Advisory (FRP) Latest News

Frp Advisory (FRP) Discussions and Chat

Frp Advisory Forums and Chat

Date Time Title Posts
20/11/202415:30FRP ADVISORY # INSOLVENCY PRACTITIONERS AND ADMINISTRATORS 730
19/4/202008:23FRP ADVISORY 28
14/4/202016:31A new lease of life? - that's a fairpoint ! !722
06/2/201714:32*** Fairpoint ***7
25/6/201208:38Fairpoint - Pointing in the right direction4

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Frp Advisory (FRP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:01:06159.706641,060.41O
08:45:22159.005,0007,950.00O
08:39:07158.96914.31O
08:22:52159.005,3498,504.91O
08:22:23159.00600954.00O

Frp Advisory (FRP) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Frp Advisory Daily Update
Frp Advisory Group Plc is listed in the Business Consulting Svcs,nec sector of the London Stock Exchange with ticker FRP. The last closing price for Frp Advisory was 159p.
Frp Advisory currently has 255,014,886 shares in issue. The market capitalisation of Frp Advisory is £402,923,520.
Frp Advisory has a price to earnings ratio (PE ratio) of 18.31.
This morning FRP shares opened at 158.50p
Posted at 20/11/2024 15:30 by alphahunter
Very positive indeed.I choose FRP over BEG in October over a few details:The tones in the conf callsThe answers about post-graduates recruitmentThe dividend pay-out ratiosThe tangible shf/share over the last five years.I haven't had the chance to read/listen to the confcall yet. EY has been downsizing lately I believe this gives an opportunity for them to recruit selectively already trained fee-earners without overpaying.Off to the call later on.
Posted at 20/11/2024 11:34 by martinmc123
4*
FRP Advisory Group plc, a leading national specialist business advisory firm, issued a trading update for the half year ended 31 October 2024. The Group's performance was strong during the first half, with continued growth in revenues and profits, and further investment in the team. The Group expects to report revenue for H1 2025 of £77.6m, up 32% on the prior year (H1 2024: £58.7m), and underlying adjusted EBITDA* of £22.3m...from WealthOracle

wealthoracle.co.uk/detailed-result-full/FRP/997
Posted at 19/11/2024 17:22 by adipsia1
Given BEGs trading statement released earlier, I would imagine an FRP interim statement will appear shortly. They usually arrive near enough together. One would assume very positive results again.
Posted at 14/11/2024 13:04 by tomtrudgian
Thank you Alphahunter. I agree entirely with the first part of your post. Later on you were distracted to important matters, but not essentially relevant to FRP.

No matter. I very much welcome your hopefully continued posts.

Tom Trudgian.
Firstly a FCA & auditor. Shortly CEO of companies I founded or bought. Now retired.
Posted at 31/10/2024 16:54 by alphahunter
Nah.IMVHO.That would be the 8th derivative.I would be dead by then, like most people on this forum.Are the owners of acquired cos paid partly in FRP shares? Coz Budget not as bad as fear for AIM share owners, so BizMod of development not jeopardise.Just a thought.Maybe the 3rd derivative.
Posted at 31/10/2024 10:49 by adipsia1
If there is one company that stands to benefit from the Budget, it has to be FRP. Increased employment costs through the rise in NI will give rise to a need for restructuring and refinancing. Restructuring will also result in acquisition activity within the Private Equity area and insolvencies. All of these areas are core to FRPs service lines.
Posted at 19/10/2024 19:10 by tomtrudgian
adipsia, M&A corporate finance may well at long last become super profitable? I do not happen to agree but whatever, these bolt-ons are often smart as you say, and often a win-win for both parties. Particularly if some of the partners are approaching retirement, or have other ambitions, both usually being the rational for these transactions.

All the ducks can often line up in a row by combining with an AIM listed company like FRP. BEG too, but they have tight shareholdings. They also have a great reputation, although with a lack of scale in other areas or wish to change.

What else? No establishment costs for either parties, and CGT and IHT largely unaffected. The inter-group cross selling opportunities always trumpeted in these situations rarely materialise. However PLC recognition and introductions from HMRC and banks, and probably from IP’s and lawyers too, seem certain to help both FRP and their recent amalgamations.

The profitable geographical opportunities available to FRP are inevitably limited. Eg Cyprus Yes, Southwest England No. It is a strict policy based on compatible values and integrity, on the deals available. Nowt else.
Posted at 15/8/2024 15:04 by adipsia1
Interesting research published by Berenberg today concerning both FRP and BEG together with target price updates:

The German bank stated FRP Advisory, the largest UK appointment taker for administrations, offers exposure to what it thinks will play out as accelerated structural growth. Berenberg raised its target price on the 'buy' rated stock from 200.0p to 220.0p.

As far as Begbies Traynor was concerned, the UK's largest appointment taker for liquidations has demonstrated "a strong post-pandemic rebound", now stabilising at elevated levels over the last two-and-a-half years. However, Begbies shares have "materially de-rated" since the turn of the year, currently standing at historically low multiples despite a positive recent trading outlook, indicating growth across all service lines.

"With solid forecast organic EPS growth, alongside M&A optionality required to meet a targeted £200.0m of revenue, we view current pricing as anomalous. We update our price target to 150.0p (from 170.0p) today," said Berenberg.
Posted at 25/7/2024 06:51 by tole
hxxps://citywire.com/funds-insider/news/expert-view-informa-smith-and-nephew-mj-gleeson-frp-mitie/

Liberum: FRP is oversold

Shares in corporate advisory group FRP (FRP) have fallen too far after strong full-year results, says Liberum.

Analyst James Allen retained his ‘buy’ recommendation and target price of 205p on the stock, which softened 0.8% to 129.5p on Wednesday, extending losses to 3.4% year to date.

The largely preannounced full-year 2024 results are ‘very strong and in line with expectations’, with news that it had acquired Lexington Corporate Finance, which ‘makes sense from a strategic rationale perspective and has been acquired at an attractive multiple’.

Allen left full-year 2025 estimates unchanged but said that the first quarter was a ‘good start’.

‘Activity levels remain high at FRP, earnings momentum is back on a positive trajectory, but the shares have derated materially, leaving the shares looking very oversold,’ he explained.
Posted at 17/5/2024 08:21 by z1co
FRP results to outstrip market expectations

By Alice Bird

17 May 2024

FRP results to outstrip market expectations

Revenues and EBITDA surpassed current market expectations in FRP Advisory Group's most recent financial year, with all five service pillars making "positive contributions".

In a trading update for the full year ended 30 April 2024, FRP said it achieved "profitable growth".

It expects to report revenues of £128m, up 23 per cent on the prior year, and adjusted EBITDA of £37m, up from £27m in 2023.

Both figures are higher than current market expectations.
Frp Advisory share price data is direct from the London Stock Exchange

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