Frp Advisory Group Plc

-0.50 (-0.46%)
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 -0.46% 108.50 165,715 08:00:00
Bid Price Offer Price High Price Low Price Open Price
108.00 109.00 108.50 108.50 108.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Business Consulting Svcs,nec 95.16 11.91 4.90 21.80 268.48
Last Trade Time Trade Type Trade Size Trade Price Currency
16:46:39 O 32,830 108.50 GBX

Frp Advisory (FRP) Latest News

Frp Advisory (FRP) Discussions and Chat

Frp Advisory Forums and Chat

Date Time Title Posts
19/4/202009:23FRP ADVISORY 28
14/4/202017:31A new lease of life? - that's a fairpoint ! !722
06/2/201714:32*** Fairpoint ***7
25/6/201209:38Fairpoint - 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
2023-06-09 17:37:30108.5032,83035,620.55O
2023-06-09 16:20:13108.5520,00021,710.00O
2023-06-09 15:46:48108.50690748.65O
2023-06-09 15:46:05108.50690748.65O
2023-06-09 15:19:55108.753234.80O

Frp Advisory (FRP) Top Chat Posts

Top Posts
Posted at 15/5/2023 08:04 by alphabeta4
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.
Posted at 12/4/2023 19:37 by jeanesy
Blimey that was a larger sell of over 500k today. Hopefully its now in the price.
Posted at 11/4/2023 09:34 by rimau1
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!
Posted at 17/3/2023 10:07 by bigbaggy
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%.

FRP are also facing major competition from the Big 4 accounting firms who have spun off their insolvency arms, so they are no longer conflicted to do the big Administrations work.

DYOR of course but this has nuances.

Posted at 14/2/2023 07:24 by bigbaggy
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.

On the LSE board someone pointed out that there have emerged some strong competitors in their core Administrations area that did not exist before their recent IPO. These came from the Big 4 Accountants spinning off their Insolvency operations because there was too much conflict with their Audit/Tax clients. FRP used to have this area sown up because they are not part of a bigger Accounting Group.

The high valuation has always been my concern with this company. PER is around 28 which assumes total perfection - especially in today’s market!

As ever DYOR of course.

Posted at 13/2/2023 21:40 by retail_rights_research
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.
Posted at 11/11/2022 14:41 by kalai1
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...

...from WealthOracle


Posted at 20/8/2021 07:11 by tole 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.
Posted at 23/2/2021 13:26 by 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.
Posted at 17/7/2020 00:05 by 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.


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