Frp Advisory Group Share Price (FRP)

This is a Grand Old Duke of York stock, marched justifiably up the hill to 144p on a good trading announcement in mid-May and now marched all the way back down to 120p, which makes it a sub 12x prospective P/E. Unless I’m missing something, cheap.

According to the update, they are trading "ahead of expectations", not significantly exceeded expectations, or have I missed something somewhere?

Dave

We're at a start of a bull run - this is at PE 13.5 - at current eps. Broker has pencilled in a 10.4 eps next year - which is a joke - so - expect upgrades. This is just simply mispriced.

This was a "significantly" exceeded expectations - I think that the big boys are going to pull this up to 170 - 180.

Keystone Law has a high PE - no idea what FRP has to do to justify a PE 16-17. They have not put a foot wrong in the past few years.

So stargate - are the stars aligned?

Japanese spinning top candlestick, small body, close-open, in relation to larger high-low, implies indecision on further equity progress. Yesterday was a large sp, gap up and bullish large candle. Fibonacci measured from the last trough, for a potential 38.2% retracement, implies 132.8, within range of the price group. The spinning top high of 147.5 and low of 142.5, define the future direction , whether up, on a break of the high, or down, on a breakdown, of the low of 142.5. If a retracement ensues, and sp, stabilises at fibonacci 38.2%-50% , it could be a case of buy the dip. DYOR.