#FRP Advisory – expects FY “slightly ahead of current market consensus”, confident of further progress

#FRP Advisory – notes trading “broadly in line” with expectations, 0.85p per share quarterly dividend

#FRP Advisory – H1 EPS growth and “confident of making further progress”, DPS up to 1.7p

#FRP Advisory – H1 growth in line with expectations, “confident of making further progress”

#FRP Advisory – FY adj. EPS +6%, DPS +5%, current trading “in line with the board's expectations”

#FRP Advisory – FY ahead of market consensus, argues “well positioned”

#FRP Advisory – FY “exceed the guidance provided in the 12 February 2021 trading update”

Profit in Misery – A few opportunities?

We are collectively exiting “lockdown” over the next few weeks. It will not come too soon for many of us. I see many comments about the investment opportunities as we all get out to spend money again. But I see it slightly differently. I think about how removal of tax payer support will negatively impact business and what opportunities that provides those with capital to deploy.

#FRP Advisory – now expects to exceed FY expectations, with revenue £75m+ & adj. EBITDA £21m+

#FRP Advisory Group – expects H1 revenue +14% & “underlying adjusted EBITDA” +7% on the prior year

#FRP Advisory – £5.3m acquisition of corporate finance & forensic services group JDC

#FRP Advisory – trading update & “remaining busily engaged in active projects”

#FRP Advisory – restructuring advisory group IPO’s on AIM casino at 80p per share

Now in administration Fairpoint Group (#FRP)’s listing on the AIM casino cancelled

Fairpoint – I previously said ‘a fair point towards disaster’, now it’s all the way…

I previously wrote on Fairpoint Group (FRP) on a June update that it would not be in a position to publish its annual report and accounts in the six months from year-end it has under AIM rules as it was unable to sign-off the audit after having “been notified by its bank, AIB Group (UK) plc, that it is unwilling to provide the level of on-going support requested by the company”. This saw me note ‘a fair point towards disaster’… and now it’s all the way…

Fairpoint (#FRP) another AIM fatality, confirms administrators appointed

FairPoint to go bust, three lessons to learn and a classic outburst from the UK's top share blogger

First up I must congratulate Paul Scott for sticking with and, I think averaging down, on Revolution Bars (RBG) which earlier this week received a tentative 200p share offer. Paul was right and I was wrong. It happens. I guess my, almost teetotal existence and his extensive field work gave him the edge. Only kidding - it was a great call by Paul and one orf the reasons why he is such a great share blogger. I am sure his session with Nigel Wray at UK Investor 2018 (as well as his live bearcast with me) will justify attendance on its own. But just as a reminder we do not get it all right, here is a classic Scott twitter outburst, regarding Fairpoint (FRP) which said that it would be calling in administrators today.

Fairpoint (#FRP) - The Fat Lady to sing, administrators to be appointed

Fairpoint (#FRP) - AIB assigns debt to specialist Doorway which provides additional £5m facility - insolvency postponed

Fairpoint Group – accounts delayed, shares suspended. A fair point towards disaster?

Updating towards the end of March, Fairpoint Group (FRP) stated “the audit of the 2016 results is expected to complete in April”. Towards the end of April, it then updated that results “will be announced mid-May”, then on 24th May that it then expected to announce in June. Now, the shares have been suspended as the company “will not be in a position” to publish its annual report and accounts in the six months from year-end it has under AIM rules – and it gets still worse…