Today's trading update covering FRP's first full year as a listed company, confirms FY21E as another year of strong growth, ahead of our forecasts. This leads to a +10% upgrade to FY21E EPS, our fifth upgrade since the company's IPO in March 2020. Despite ongoing subdued market conditions in UK restructuring, the group's core division continues to gain market share, increasingly supported by recent additions adding scale to supporting service lines. Despite a recent rise in the shares, current m ....
