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Pin to quick picksFrp Advisory Group Share News (FRP)

Share Price Information for Frp Advisory Group (FRP)

London Stock Exchange
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Share Price: 138.75
Bid: 138.00
Ask: 139.50
Change: -5.75 (-3.98%)
Spread: 1.50 (1.087%)
Open: 144.00
High: 144.25
Low: 137.00
Prev. Close: 144.50
FRP Live PriceLast checked at -

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Sunday share tips: tinyBuild, FRP Advisory

Sun, 06th Jun 2021 16:54

(Sharecast News) - The Financial Mail on Sunday's Midas column recommended shares of videogame maker, tinyBuild, to the "adventurous" investors among us.
Founded in 2013, the company's first game was a flop among critics, but it now has more than 40 games in its portfolio, a pipeline with many more and a very large following on social media.

It also enjoys the backing of the creator of the famous 'Minecraft' game, Markus Persson.

Listed on AIM in March, the firm has a market value in excess of £500m.

Perhaps what differentiates the company the most from rivals is its strategy of creating sequels to successful games, including equally well-received books, comics and animated series based on them.

Worth noting, the global video game industry has a bigger annual turnover than film.

Its 2020 full-year results, due out on Tuesday, are expected to show sales up by a third to $48m (£34.0m), for a 28% rise in profits to $19m with further growth anticipated for 2021 and 2022.

"TinyBuild has had a strong debut on AIM but [co-founder Alex] Nichiporchik is intensely ambitious and the shares, currently at £2.55, should go far," said Midas.

"An exciting buy for the adventurous investor."



The Sunday Times's Anna Menin told readers shares of FRP Advisory were a 'hold' because much of the expected demand for its services in the wake of the pandemic was already priced-in.

Shares in the restructuring specialist have surged 56% since floating on AIM in March 2020.

Last month, FRP told investors that sales for its first full year as a listed company would be up by 25% to £79m.

The outfit reported a 26% year-on-year decline in insolvency appointments.

However, it is growing its corporate finance team in order to limit its reliance on restructuring work.

FRP has also won big administration mandates, including for Debenhams, despite which government Covid support schemes have in fact proved a headwind.

"For all the corporate woe, many in the restructuring industry are questioning whether the predicted wave of insolvencies will actually happen, due to the success of the state's support," the tipster pointed out.

"There is still likely to be a jump in failures as the schemes are wound down, but it may be more of a stream than the once-feared tsunami."

"FRP has been doing very well out of the pandemic, but much of this growth is already priced in. It's time to take a breath and see what happens later this year. Hold."

More News
12 May 2020 09:53

FRP Advisory Group to pay final dividend

(Sharecast News) - Professional services firm FRP Advisory Group said on Tuesday that it would pay a final dividend for the period since its initial public offering after trading "strongly" during the twelve months ending on 30 April.

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6 Mar 2020 12:28

CORRECT: FRP Advisory Begins Life On AIM, Shares Higher

CORRECT: FRP Advisory Begins Life On AIM, Shares Higher

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6 Mar 2020 10:03

FRP Advisory Begins Life On AIM, Shares Down Slightly

FRP Advisory Begins Life On AIM, Shares Down Slightly

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28 Dec 2016 07:42

Fairpoint CEO Chris Moat steps down

(ShareCast News) - Fairpoint Group's chief executive officer Chris Moat will step down from the board by mutual agreement with immediate effect. Moat will provide continuing assistance on the closure of the group's debt management plan business, which is due to complete in the first quarter of next

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15 Sep 2016 15:17

Fairpoint's fist half revenue grows on legal services

(ShareCast News) - Fairpoint Group, a UK based provider of consumer professional services, reported revenue growth in the first half, 76% of which came from its legal services. The company's services are divided into three divisions: legal services, debt management and claims solutions. The group's

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20 Jul 2016 15:22

Fairpoint trades flat as business transitions

(ShareCast News) - Consumer professional services firm Fairpoint Group posted a trading update on its performance for the six months to 30 June on Wednesday, ahead of revealing its full half-year results on 15 September. The AIM-traded company said overall group trading for the first half of 2016 wa

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9 May 2016 14:32

Fairpoint trading in line, board confirms

(ShareCast News) - Investors were gathering for the annual general meeting of Fairpoint today, which was performing in line with management expectations in its first quarter, though its board did describe the period as "quieter". The AIM-traded consumer professional services provider said at this st

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16 Mar 2016 08:52

Fairpoint Swings To Loss On Writedowns But Revenue Much Higher

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27 Nov 2015 14:07

UPDATE: Fairpoint And Redde Respond To Whiplash Claim Changes

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27 Nov 2015 09:28

Fairpoint Expects No Immediate Hit From Whiplash Claims Changes

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25 Sep 2015 07:57

Fairpoint Group Pays Deferred Consideration For Simpson Millar (ALLISS)

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3 Sep 2015 08:55

Fairpoint's interim revenue surges

(ShareCast News) - Professional services provider Fairpoint posted an increase in interim profit on the back of a surge in revenue. The London-listed company said revenue grew 64% year-on-year to £22.9m in the six months to the end of June, while adjusted profits before tax climbed 21% to £4.1m. Fa

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3 Sep 2015 08:08

Fairpoint Expects Further Progress After Profit Rises In First Half

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17 Aug 2015 08:21

Fairpoint completes legal buy

(ShareCast News) - Consumer law company Fairpoint Group has completed its buy out of law firm Colemans-CTTS. The deal involved an £8m cash payment and the issue of 755,516 ordinary shares at 132p per ordinary share. Fairpoint Group chief executive Chris Moat said the acquisition would add annual re

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3 Aug 2015 10:03

Fairpoint clinches Colemans deal

(ShareCast News) - Professional services provider Fairpoint Group has completed the acquisition of consumer legal services business Colemans-CTTS LLP worth up to £16m. On Monday, the London-listed company announced the cash-and-stock deal, which will be financed with existing cash resources, indicat

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