Frp Advisory Group Share Price (FRP)

We're at a start of a bull run - this is at PE 13.5 - at current eps. Broker has pencilled in a 10.4 eps next year - which is a joke - so - expect upgrades. This is just simply mispriced.

This was a "significantly" exceeded expectations - I think that the big boys are going to pull this up to 170 - 180.

Keystone Law has a high PE - no idea what FRP has to do to justify a PE 16-17. They have not put a foot wrong in the past few years.

So stargate - are the stars aligned?

Japanese spinning top candlestick, small body, close-open, in relation to larger high-low, implies indecision on further equity progress. Yesterday was a large sp, gap up and bullish large candle. Fibonacci measured from the last trough, for a potential 38.2% retracement, implies 132.8, within range of the price group. The spinning top high of 147.5 and low of 142.5, define the future direction , whether up, on a break of the high, or down, on a breakdown, of the low of 142.5. If a retracement ensues, and sp, stabilises at fibonacci 38.2%-50% , it could be a case of buy the dip. DYOR.

Re-rating in progress.

Can FRP finally achieve the recognition from the market that it deserves after an excellent track record?

One company to benefit from the rise in insolvencies has been FRP Advisory, the restructuring group, which expects its annual profits to rise to £37 million. The London-based company expects to record revenue of £128 million for the year to the end of April, up 23 per cent from the same period last year.

During the year the group’s restructuring division has handled well-known cases, including The Body Shop, the cosmetics and skincare company, Inland Homes, the property business, and the parent company of Reader’s Digest, the magazine.

FRP Advisory said that it had been “active nationwide” as company insolvencies rose and that it had increased its market share to 16 per cent during the year, from 14 per cent in 2023. The corporate and debt advisory team completed 76 transactions in the year to the end of April, with an aggregate deal value of £1.4 billion, down from £1.8 billion the previous year.

https://www.thetimes.co.uk/article/company-insolvencies-rise-by-almost-a-fifth-6bwqcqqgx