Fairpoint Group Price

126.50p*

FRP is Trading:

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


* price as at 3:30pm GMT
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Fairpoint Group 3 Month Chart Chart from Trading View


Fairpoint Group RNS, News & Media Fairpoint Group RNS, News & Media from Proactive Investors Fairpoint Group RNS, News & Media from BRR Media


Headline
9 May 2016
RNS press release - Results of Annual General Meeting from Proactive Investors
9 May 2016
RNS press release - AGM statement - trading update from Proactive Investors
14 Apr 2016
RNS press release - Notice of AGM from Proactive Investors
16 Mar 2016
News - Fairpoint Group PLC continues to expand in legal services from Proactive Investors
16 Mar 2016
RNS press release - Final Results from Proactive Investors
15 Mar 2016
RNS press release - Holding(s) in Company from Proactive Investors
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
News - Fairpoint hikes divi as sales and profits surge from Proactive Investors
3 Sep 2015
RNS press release - Half Yearly Report 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
20 Mar 2015
RNS press release - Holding(s) in Company from Proactive Investors
18 Mar 2015
RNS press release - Holding(s) in Company from Proactive Investors
17 Mar 2015
RNS press release - Final Results from Proactive Investors
20 Jan 2015
RNS press release - Trading Statement and Notice of Results from Proactive Investors
16 Dec 2014
RNS press release - New option schemes, Director/PDMR Shareholding from Proactive Investors
23 Oct 2014
RNS press release - Director/PDMR Shareholding from Proactive Investors
15 Oct 2014
RNS press release - Director/PDMR Shareholding from Proactive Investors
7 Oct 2014
RNS press release - Director/PDMR Shareholding from Proactive Investors
18 Sep 2014
RNS press release - Holding(s) in Company from Proactive Investors
17 Sep 2014
RNS press release - Holding(s) in Company from Proactive Investors
11 Sep 2014
RNS press release - Half Yearly Report from Proactive Investors
20 Aug 2014
RNS press release - Holding(s) in Company from Proactive Investors
11 Aug 2014
RNS press release - Acquisition from Proactive Investors
31 Jul 2014
RNS press release - Trading Update from Proactive Investors
7 Jul 2014
RNS press release - Director/PDMR Shareholding from Proactive Investors
1 Jul 2014
RNS press release - Acquisition of Foster & Partners from Proactive Investors
24 Jun 2014
RNS press release - Holding(s) in Company from Proactive Investors
17 Jun 2014
RNS press release - Completion of Acquisition from Proactive Investors
9 Jun 2014
RNS press release - Result of AGM from Proactive Investors
9 Jun 2014
RNS press release - AGM Statement from Proactive Investors
21 May 2014
RNS press release - Enlarged Banking Facility from Proactive Investors
14 May 2014
RNS press release - Directors Dealings from Proactive Investors
7 May 2014
RNS press release - Notice of AGM from Proactive Investors

Fairpoint Group Discussion on Interactive Investor

Re: Todays drop by reggiocalabria

  Tue, 10 May 2016 16:47:00 GMT

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.

By reggiocalabria


flourish

Todays drop by Roverite

  Mon, 09 May 2016 09:01:00 GMT

Anyone know what has happened?

By Roverite


flourish

Very thorough analysis of FRP by mcescher

  Wed, 30 Mar 2016 17:54:00 GMT

I have been using this website for their discounted cash flow. They value FRP at $4 - LINK

By mcescher


flourish

Interim spot on road to success? by paddington_bear

  Sat, 19 Mar 2016 18:34:00 GMT

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


By paddington_bear


flourish

Recent rise no accident? by paddington_bear

  Fri, 22 Jan 2016 15:43:00 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


flourish

Just bought by psyche100

  Thu, 24 Dec 2015 07:40:00 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


flourish

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

  Fri, 27 Nov 2015 07:59:00 GMT

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

By valuemanbuyer


flourish

RNS: No impact on results 2015 and 2016 by janebolacha

  Fri, 27 Nov 2015 06:11:00 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


flourish

Re: Sell Off by janebolacha

  Fri, 27 Nov 2015 00:55:00 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


flourish

Re: Sell Off by pmrleahy

  Thu, 26 Nov 2015 21:11:00 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


flourish

Sell Off by Misty Creamybib

  Thu, 26 Nov 2015 14:58:00 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


flourish

Re: Sell Off by janebolacha

  Thu, 26 Nov 2015 14:35:00 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


flourish

Sell Off by Misty Creamybib

  Thu, 26 Nov 2015 13:27:00 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


flourish

Article from "Cambridge News". by janebolacha

  Thu, 10 Sep 2015 18:29:00 GMT

LINK

By janebolacha


flourish

Investors' Champion note on FRP by janebolacha

  Fri, 04 Sep 2015 17:44:00 GMT

LINK

By janebolacha