RE: Interesting15 Apr 2020 12:14
Had a punt on this one in the last half hour FRP ..FRP ADVISORY GROUP PLC
Going to be plenty of companies going bust and into insolvency sadly over the next few months to a year. Been looking for a play on this and saw this from Fund Investor and proprietor of Kempton Holdings and a non-executive director of a number of quoted and private companies David Kempton.................
The awful wave of companies going into administration or restructuring will be of massive benefit to the specialists in that sector and I have bought FRP Advisory (FRP), floated on the Alternative Investment Market in early March at 80p. The shares have risen to 93p following strong news of significant restructuring and insolvency contracts, but are still on a PE below 10, looking good value compared to their peers in a, sadly, strong sector.
https://citywire.co.uk/funds-insider/news/david-kempton-i-m-rebuilding-my-portfolio-with-fundsmith/a1346652?re=73658&ea=98977&utm_source=BulkEmail_FundsInsider+Afternoon&utm_medium=BulkEmail_FundsInsider+Afternoon&utm_campaign=BulkEmail_FundsInsider+Afternoon
Some big corporate backers......... INCLUDING MITON
Shareholders
Name Equities
%
RBC Global Asset Management (UK) Ltd. 18,750,000 7.89%
Miton Asset Management Ltd. 18,124,164 7.63%
Liontrust Investment Partners LLP 17,550,000 7.39%
Premier Fund Managers Ltd. 3,800,611 1.60%
Danske Bank A/S (Investment Management) 2,245,245 0.95%
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^FRP&type=4&size=3&period=3&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=1&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=1&o_1maday2=25&o_2maday2=&o_colour2=2&scheme=&delay_indices=DELAYED_INDICES
Business Summary
FRP Advisory Group PLC is a United Kingdom-based advisory services company. The Company’s services include restructuring advisory, corporate finance, debt advisory, forensic services and pensions advisory. Its restructuring advisory includes corporate financial advisory, formal insolvency appointments, personal insolvency and general advice. The corporate finance services include mergers and acquisitions (M&A), strategic advisory and valuations, financial due diligence, capital raising, special situations M&A and partial exits. The debt advisory services offered includes raising and refinancing debt, debt amendments and extensions, asset based lending and corporate and leveraged debt advisory. Its forensic services include forensic investigations, compliance and risk advisory, dispute services and forensic technology. The pensions advisory services include pension scheme transaction advisory, pension scheme restructuring advisory, covenant advisory and corporate governance.
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