Fairpoint Group Price

154.00p*

FRP is Trading:

above the 50 day moving average and below the 200 day moving average on above average volume.


* price as at 4:34pm GMT
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Fairpoint Group Ranking

Overall Ranking:

403 of 2261

General Financial Ranking:

14 of 98


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Fairpoint Group RNS, News & Media Fairpoint Group RNS, News & Media from Proactive Investors Fairpoint Group RNS, News & Media from BRR Media UK Share News from Interactive Investor


Headline
1 Feb 2016
RNS press release - Adoption of Financial Reporting Standard FRS 102 from Proactive Investors
1 Dec 2015
RNS press release - Holding(s) in Company from Proactive Investors
27 Nov 2015
RNS press release - Response to Autumn Statement from Proactive Investors
2 Oct 2015
RNS press release - Holding(s) in Company from Proactive Investors
1 Oct 2015
RNS press release - Holding(s) in Company from Proactive Investors
25 Sep 2015
RNS press release - Payment of deferred consideration from Proactive Investors
7 Sep 2015
RNS press release - Holding(s) in Company from Proactive Investors
4 Sep 2015
Media files - Fairpoint CEO Chris Moat explains debt to legal strategy shift from Proactive Investors
3 Sep 2015
RNS press release - Half Yearly Report from Proactive Investors
3 Sep 2015
News - Fairpoint hikes divi as sales and profits surge from Proactive Investors
17 Aug 2015
RNS press release - Completion of acquisition from Proactive Investors
5 Aug 2015
RNS press release - Holding(s) in Company from Proactive Investors
3 Aug 2015
RNS press release - Trading Statement from Proactive Investors
3 Aug 2015
RNS press release - Acquisition from Proactive Investors
13 May 2015
RNS press release - Holding(s) in Company from Proactive Investors
1 May 2015
RNS press release - Result of AGM from Proactive Investors
1 May 2015
RNS press release - AGM Statement from Proactive Investors
14 Apr 2015
RNS press release - Notice of AGM from Proactive Investors
31 Mar 2015
RNS press release - Holding(s) in Company from Proactive Investors
24 Mar 2015
RNS press release - Holding(s) in Company from Proactive Investors

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Fairpoint Group Discussion on Interactive Investor

Recent rise no accident? by paddington_bear

  Fri, 22 Jan 2016 16:43:00 GMT

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.


By paddington_bear


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Just bought by psyche100

  Thu, 24 Dec 2015 08:40:00 GMT

...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.


By psyche100


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Re: RNS: No impact on results 2015 and 2016 by valuemanbuyer

  Fri, 27 Nov 2015 08:59:00 GMT

A good opportunity to top up . The market has got it wrong according to the RNS . Just topped up.

By valuemanbuyer


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RNS: No impact on results 2015 and 2016 by janebolacha

  Fri, 27 Nov 2015 07:11:00 GMT

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.



By janebolacha


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Re: Sell Off by janebolacha

  Fri, 27 Nov 2015 01:55:00 GMT


There's a very good presentation here, on Paul Scott's excellent site:

LINK

No figures or percentages for the different activities, though.


By janebolacha


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Re: Sell Off by pmrleahy

  Thu, 26 Nov 2015 22:11:00 GMT

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.

By pmrleahy


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Sell Off by Misty Creamybib

  Thu, 26 Nov 2015 15:58:00 GMT

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.


By Misty Creamybib


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Re: Sell Off by janebolacha

  Thu, 26 Nov 2015 15:35:00 GMT

"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


By janebolacha


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Sell Off by Misty Creamybib

  Thu, 26 Nov 2015 14:27:00 GMT

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.


By Misty Creamybib


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Article from "Cambridge News". by janebolacha

  Thu, 10 Sep 2015 19:29:00 GMT

LINK

By janebolacha


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Investors' Champion note on FRP by janebolacha

  Fri, 04 Sep 2015 18:44:00 GMT

LINK

By janebolacha


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Right + wrong! by paddington_bear

  Fri, 04 Sep 2015 10:46:00 GMT

Looking back to my comments last August when I bought in, I was right about the holding action of DMA + IVA until legal services came on stream, fortunately wrong on how dramatic an effect those (subsequently greatly increased) legal aspects would be, The equivalent full year contributions from these now form over 60% of total income.
Profits are starting to flow through, but the downside of course is the rise in debt, mainly related to acquisition costs. There has been a significant and welcome rise in SP, but comforting dividend still around 3.8%. As with any new venture, which in effect is what has happened here, there may be teething problems, but so far so good and all achieved without a rise in BoE interest rates. Pretty full valuation for now. GLA
PB.


By paddington_bear


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Interview with CEO Chris Moat by janebolacha

  Fri, 04 Sep 2015 09:30:00 GMT

LINK

By janebolacha


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NEW ARTICLE: Fairpoint extends amazing rally by II Editor

  Thu, 03 Sep 2015 14:33:00 GMT

"The acquisitions of Simpson Millar and Coleman have primed LSE:FRP:Fairpoint for its transition from legacy debt management into a legal services business. And, after a good first six months and a strong second half on the cards, the company now ..."

LINK


By II Editor


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Webinar with management by equity_dev

  Wed, 26 Aug 2015 09:47:00 GMT

Hi,

If you want to listen to Chris Moat, CEO, and John Gittins, Finance Director discuss Fairpoint’s half year results and ask them questions please register for the Webinar which is being held on Friday 4th September at 10.15.
The presentation will last approximately 20 mins and there will be an opportunity for Q&A at the end.

To register please go to: https://attendee.gotowebinar.com/register/8121261532339634946

Thanks,
The Equity Development Team


By equity_dev