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
  0.00 0.0% 127.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
126.00 128.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 78.99 16.60 5.69 22.3 302
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 127.00 GBX

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Date Time Title Posts
19/4/202008:23FRP ADVISORY 28
14/4/202016:31A new lease of life? - that's a fairpoint ! !722
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Frp Advisory (FRP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-12-07 16:17:29127.8933.84O
2021-12-07 15:14:52127.894,0005,115.60O
2021-12-07 10:55:41127.702,2742,903.78O
2021-12-07 10:55:37127.9015,00019,185.00O
2021-12-07 10:21:04126.6010,00012,660.00O
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Frp Advisory (FRP) Top Chat Posts

Frp Advisory Daily Update: Frp Advisory Group Plc is listed in the General Industrials sector of the London Stock Exchange with ticker FRP. The last closing price for Frp Advisory was 127p.
Frp Advisory Group Plc has a 4 week average price of 125p and a 12 week average price of 116p.
The 1 year high share price is 135p while the 1 year low share price is currently 99p.
There are currently 237,500,560 shares in issue and the average daily traded volume is 223,175 shares. The market capitalisation of Frp Advisory Group Plc is £301,625,711.20.
adipsia1: 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.
bluemango: A month old but still relevant. Didn't spot this at the time. hTTps://sharesmagazine.co.uk/article/time-to-buy-frp-advisory-as-insolvency-curbs-are-withdrawn
adipsia1: Good to see some positive price movements today with a breakaway-gap in a trading-range underpinned by increased volume. Although FRP - based upon fundamentals - are a higher quality company than BEG or K3C, their share price has been out of kilter for a few weeks. I'm expecting resistance around 135p but once this is breached 160p seems easily attainable. AGM end of this month.
tole: https://www.fool.co.uk/investing/2021/08/29/3-aim-stocks-id-buy-for-passive-income/FRP AdvisoryA final AIM stock I'd buy would be FRP Advisory (LSE: FRP). The company specialises in corporate finance, debt and restructuring. In its own words, FRP gets "under the skin of businesses in complex and difficult situations". Thanks to Covid-19, I don't think there'll be a shortage of clients once government support fizzles out.Trading is already going well. Back in July, FRP reported a 25% jump in revenue to £79m in its last full year. As one would hope, the firm's balance sheet also looks robust with a net cash position.That said, it's worth mentioning that the dividends are the lowest of the three mentioned. A 4.37p per share distribution equates to a 3.7% yield. That's only slightly more than I'd get from buying a FTSE 100 tracker.So, while I like the defensive nature of this business, I'd need to question whether it's worth the hassle if truly passive income were my primary objective. It helps that FRP is the cheapest AIM stock mentioned here (16 times earnings).
tole: https://masterinvestor.co.uk/equities/the-dogs-of-aim-2021/FRP ADVISORY GROUPHaving a relatively high yield doesn't mean that a company isn't growing any more. In fact, this company has been growing strongly since being founded just over a decade ago and has plans for further growth.FRP Advisory Group (FRP) is a professional-services firm established in 2010 which offers a range of advisory services to individuals, companies, lenders and investors. These cover the whole range of the corporate life cycle, with the core restructuring and insolvency-advice activities supported by areas including corporate finance; mergers and acquisitions; raising and refinancing debt; pensions and forensic services.Over the years, FRP has grown organically and by acquisition to become one of the largest restructuring-advisory firms in the UK by number of corporate-insolvency appointments. Notably, despite year-on-year declines in the number of formal, UK company insolvencies between 2009 and 2016, FRP successfully managed to expand and increase profits. While they grew again in 2016, insolvencies have slowed recently due to government support introduced during the pandemic. However, the latest figures from The Insolvency Service show UK company insolvencies up 7% in May this year to 1,011.FRP joined AIM in March last year, raising £20m for itself along with £60m for prior shareholders that added their shares to the offering. The money was earmarked to fund further opportunistic acquisitions and the organic-growth strategy which involves opening offices in new regions, attracting new fee-earning staff, taking on larger deals and attracting more overseas clients. Like most listed, professional-services firms, FRP has a high percentage of shares owned by its employees, with around 50% held by its partners following the initial public offering (IPO).Solvent businessThe year to 30 April 2021 was another good one for FRP as revenues grew by 25% to £79m. Of this, 15% came from organic growth and the rest from acquisitions, with four deals completed during the year. This was completed in the context of a total, formal, company-insolvency market which saw a 26% fall due to the government support available. However, FRP grew its own market share from 11% to 13%. Helping the organic growth, the team was expanded by 106 employees to 457, with the corporate-finance business expanded to offset any challenges in the insolvency market.This remains a highly profitable business despite large partner fees, with pre-tax profits for the year reported at £16.6m. The balance sheet showed net cash of £16.4m at the period end, remaining strong but down from £24.4m after spending a net £10.6m on acquisitions and paying down £15.4m of IPO liabilities relating to profits owed to partners and related tax.Trading since the period end was said to be in line with expectations, with several initiatives expected to boost growth this year. Adding to the increase in headcount, two new international alliances have been formed, which will enable FRP to access new networks of highly experienced international advisers and support the UK component of international transactions.Good administrationFRP has had a good start on the markets, with the shares rising from the IPO price of 80p to a current 122.5p. At that level the historic price earnings multiple is 17 times ? on the high side but reasonable in my view given the historic growth and expansion plans. What's more, at IPO FRP set out a policy to pay out a generous 70% of its net profits as dividends, with quarterly payments being made. That target was met for 2021, with the 4.1p payment equating to a modest yield of 3.3% at the current price. Analysts at Liberum have a 180p target on the shares, suggesting 47% upside from the current price.
adipsia1: Interesting to compare and contrast the three non-audit accountancy firms in the UK insolvency/turnaround and M&A space; BEG, FRP and K3C. All firms win their work based around individual 'transactional' income rather than relying upon steady audit fees. Whilst all three have crossover in the restructuring space, a closer analysis of their accounts and market data indicate three very different businesses based upon value vs volume, and advisory work vs insolvency.BEG - have the highest volume of insolvencies in the UK in terms of liquidations, however when you look deeper the individual value of their appointments is likely to be the lowest. They seem to be growing sales based upon bolt-on acquisitions around valuing assets and M&A activity with smaller companies.FRP - appear to be operating on a value vs volume model, focussed upon winning more profitable restructuring work from larger SMEs and quoted companies that would previously have gone to Big Four accountancy firms were it not for conflicts of interest. They're also clearly growing their M&A side which is focussed upon themid-market.K3C - have traditionally operated in the low-value business sales arena, and have clearly made a reputation in M&A for selling small businesses. Last year they acquired Quantuma, an Insolvency turnaround specialist who have grown well over the last few years and now probably sit somewhere between FRP and BEG in terms of case value vs volume.There's much that can be gleaned from the accounts of these three companies. Hopefully this will help to differentiate them in terms of business fundamentals.
southcoastbather: Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/d779d025-a061-4d57-8df9-0ce1520a58e3 Investors claim £3m deal handed the assets to its founder and chair and wiped out their stakes Koovs, nicknamed the “Asos of India”, floated on London’s Aim market in 2014 with a value of £36m © Anil Ghawana/Alamy Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save Kate Beioley and Michael O’Dwyer in London 4 HOURS AGO 0 Print this page Shareholders in collapsed fashion retailer Koovs have threatened legal action to remove FRP Advisory as administrator over allegations the restructuring group arranged the sale of the business to its former directors at a substantial discount to its value.  In a letter to FRP seen by the Financial Times, lawyers for four Koovs investors demanded an investigation into potential breaches of the firm’s duties in relation to a £3m deal that handed the company’s assets to founder and chair Lord Waheed Alli and wiped out their stakes. Koovs, nicknamed the “Asos of India”, floated on London’s Aim market in 2014 with a value of £36m but never made a profit. This had fallen to about £12m when its shares were suspended in December 2019, on the same day that administrators were appointed and the business was sold to Alli’s company SGIK 3 Investments.  The prepack administration was announced after another Indian retailer, Future Lifestyle Fashion, failed to provide £6.5m in promised investment leaving Koovs unable to stay afloat.  On behalf of Koovs investors — Jamie Adlam, Neil Fallon, Jane Peretti and Kush Rattan — lawyers at Locke Lord claimed the company was sold at a “substantial undervalue” and the value of their clients’ stakes were “effectively reduced to zero” as a result. They requested to see the valuation FRP obtained and asked whether the business was marketed to bidders other than SGIK 3 Investments and whether the administrators breached their duties. They also demanded that FRP consider whether it should resign in order to avoid a conflict of interest in any investigation. In response to the lawyers’ claims, a person briefed on FRP’s decision-making regarding the administration and sale said SGIK was the only bidder for the company meaning the only alternative would have been to shut down the business with no value recovered. The case is the latest in a series of examples of alleged conflicts of interest for restructuring advisers as the industry gears up for an expected wave of company collapses when Covid support schemes are wound down. A cross-party group of MPs is investigating concerns that insolvency practitioners’ relationships with lenders, directors and buyout firms create conflicts with their duties to creditors of collapsed companies. FRP “was involved at key stages in advising [Koovs] and its board” before it filed for administration and announced the deal to sell its assets to SGIK 3 Investments, lawyers at Locke Lord said in the letter to FRP administrators Geoff Rowley and Jason Baker.  The letter to FRP said it was “open to our clients to apply to the court to remove and replace the administrators” if the administrator failed to fully investigate and manage those conflicts. It also called for an investigation into whether Alli and other directors complied with their statutory and fiduciary duties. The letter complains the directors did not update the market in good time about their decision to file for administration. As well as Locke Lord, the shareholders have also hired corporate espionage agency Red Mist to help build their case. Alli did not respond to a request for comment.  FRP said: “Throughout the administration process the joint administrators have fulfilled their statutory duties and acted in accordance with all relevant professional standards. In securing a sale of the business and assets of Koovs PLC, the joint administrators ensured the best outcome for creditors.”
southcoastbather: Hey Bluemango I have no issue with you but these chats are for everyone and all views to do with FRP. I am 100 percent not the poster you are trying to associate me with. Are you aware FRP have already wiped out their own shareholders in the past? FRP have 2 options currently - they either take legal action against the board of directors at Koovs or FRP themselves get buried for misconduct - being a listed company with investors to answer to I think they will probably choose the first option. The exposure starts this week!
bluemango: Extraordinary. Timetable of restrictions being lifted (therefore clearer sight of likely end of Government support for ailing businesses) and yet FRP share price drops back. That's the AIM market for you, not always rational.
bluemango: And another reported earlier today. Trenchard Aviation, £24 million turnover, gone into administration and handled by FRP. Hopefully in many of these cases the result will be survival but in a different form and ownership. Odd that the FRP share price isn't yet reflecting this rapid acquisition of significant new clients, but if you've got determined sellers for whatever reason (presumably original placees at 80p looking to redeploy) then it just requires patience. Annual results next month should spark more interest. Current forward yield is around 3.3% based on 3.9p dividend in 2021, so would have thought further downside from here is limited. hTTps://www.insidermedia.com/news/south-east/aircraft-cabin-component-maker-in-administration
Frp Advisory share price data is direct from the London Stock Exchange
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