reggiocalabria
10 May 2016
Re: Todays drop Looks to be a reaction to the somewhat lukewarm comments made by the board at the AGM. I'm no expert, but am holding on for now, as the long term prospects are hopefully still good.
Roverite
09 May 2016
Todays drop Anyone know what has happened?
mcescher
30 Mar 2016
Very thorough analysis of FRP I have been using this website for their discounted cash flow. They value FRP at $4 - [link]
paddington_bear
19 Mar 2016
Interim spot on road to success? A company in transition, with a mixed bag of items in the full year results. Hopefully, this "kitchen sink " exercise will not be repeated as the firm grows ever more dependent on profitable legal services and phases out reliance on IVAs and similar.For now, a hold until the new path is proved, made more comfortable by a healthy dividend.PB
paddington_bear
22 Jan 2016
Recent rise no accident? My note in September showed pleasure/concern at rapid surge in share price and as the drop strengthened from 190p I got out at 169p and watched as the "ambulance chasing" saga began in response to Mr Osborne's proposed policy comments.Bought back in at 135p after discovering (and I honestly forget where) only some 8% of the overall business relates to "whiplash" etc, leaving the remainder of the growing concern in other areas. As the shares have risen during the current January downturn it would seem others also think the initial downgrading was overdone. If debt levels are restrained the future seems promising.PB.
psyche100
24 Dec 2015
Just bought ...at 132.PER, PEG, yield and EV/EBIDTA are all favourable compared with the sector and the market. Looking through details of the fee earners at Colemans and Simpson Millar I reckon that small scale PI work probably makes up a modest contribution to their overall revenue. They are both general practices with only a handful of fee earners specialising in road traffic claims. This is very 'back of the envelope' but Osborne reckons on the autumn statement proposal saving £1bn. Say about a quarter of this is on legal fees. There are about 100K solicitors in the UK; doubling the no. of fee earners shown on the Coleman and SM sites for good measure means FRP has about 100. So my revenue estimate for this type of work is about 250K, a small amount compared to overall forecast revenue of £66m for 2016.FRP has also indicated that Colemans (admittedly not SM) may actually benefit from the proposed change. If a case goes to the smalls claims court the lawyers can't claim legal fees against the loser so I imagine they may be proposing a fixed fee to do the paperwork and to help the client prepare a case to put before the court.It seems that Osborne's proposal has been under discussion for some time. Large scale investors such as Gervais Williams' Miton fund have nevertheless stayed put. So I think the recent price weakness is down to profit taking by smaller investors for whom the proposal did come out of the blue. Although one IC article advised selling after the 11% fall on 26/11 in view of the potential 'regulatory dogfight', Simon Thompson's view was to run profits at 173. I'm not a subscriber but I see that his article is entitled 'capitalising on investor overreactions' which accords with my view of things.
valuemanbuyer
27 Nov 2015
Re: RNS: No impact on results 2015 and 2016 A good opportunity to top up . The market has got it wrong according to the RNS . Just topped up.
janebolacha
27 Nov 2015
RNS: No impact on results 2015 and 2016 27 November 2015 Fairpoint Group plc ("Fairpoint" or the "Group"
Response to Autumn Statement Fairpoint Group plc ("Fairpoint" or "the Group", one of the UK's leading providers of consumer professional services (including consumer legal services), notes the comments made by the Chancellor in yesterday's Autumn Statement regarding personal injury claims. The Government's outline proposals, which remain subject to consultation, seek to restrict the ability for sufferers of minor whiplash injuries to claim compensation. The expected implementation timetable is April 2017 following a period of consultation in which the exact nature of the proposals will be defined. As such the proposed changes will have no impact on the Board's expectations of Group performance for the year to 31 December 2015 or for the year to 31 December 2016. The notion of extending the small claims limit has been a topic of debate for some time and following the acquisition of Colemans LLP and its class leading Legal Processing Centre in August 2015, the Group has an operational capability designed specifically in anticipation of such changes. As such the Group is well positioned to take advantage of these market changes.
janebolacha
27 Nov 2015
Re: Sell Off There's a very good presentation here, on Paul Scott's excellent site:[link] figures or percentages for the different activities, though.
pmrleahy
26 Nov 2015
Re: Sell Off I am trying to find out what percentage of Fairpoint's legal work might be related to road accidents, any ideas? There isn't much indication of this on Simpson Millar and it is simply listed as one of a number of areas of legal work. My instinct so far is that the 11% fall might be overdone, especially when this share was only trading on a P/E of around 10 anyway with good growth prospects.
Misty Creamybib
26 Nov 2015
Sell Off With you for the first two paragraphs.As for the third paragraph - I do contract work and I don't understand the relentless attack on legitimate businesses will to take risk; take work anywhere in the country; have no redundancy or holiday benefits; no access to to Job Seekers Allowance between contracts and pay PI cover.
janebolacha
26 Nov 2015
Re: Sell Off "Personal injury lawyers were also hit by the Chancellor, who revealed he will limit unnecessary claims from road accidents in a bid to bring down the cost of motor insurance. The government is set to remove the right to general damages for minor injuries and increase the threshold for small claims to £5,000 to cover a greater volume of injuries in small claims court.'This will end the cycle in which responsible motorists pay higher premiums to cover false claims by others,' the Treasury said. 'It will remove over £1bn from the cost of providing motor insurance and the government expects the insurance industry to pass an average saving of £40-£50 per motor insurance policy on to consumers.'Osborne also announced the government would press on with a crackdown on 'personal services companies', a move which will have negative implications for contract lawyer services such as Addleshaw Goddard's Integrate, Pinsent Masons Vario and Allen & Overy's Peerpoint, as well as BLP's Lawyers on Demand. "- See more at: [link]
Misty Creamybib
26 Nov 2015
Sell Off Any idea what is benind the sell off? It is not as if we have had a massive run up in the price of the stock.
janebolacha
10 Sep 2015
Article from "Cambridge News". [link]
janebolacha
04 Sep 2015
Investors' Champion note on FRP [link]
