Begbies Traynor Share Discussion Threads

[cyberbub] 27/2/2013 17:16

If they are not fully out yet then they will be very soon IMO - clearly they are dumping their last few rapidly in large blocks rather than dribs and drabs. Max a few days now until they are out.NAI

[sasannach] 27/2/2013 16:22

If you scroll up to the header at the top of the board under news you will see the latest RNS

Link -

------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------ ----------------------------

2,855,654 3.2%
------------------------ ----------------------------

[cyberbub] 27/2/2013 16:17

Never rely on company websites for holdings info... Just as you never rely on ADVFNs shares in issue... All such sources are often out of date.The only reliable info is RNSes, so always check them for holdings declarations and shares in issue.

[asagi] 27/2/2013 15:55

Posts above are correct:

statements on the company website here:



say Caledonia has 2.9m shares i.e. 3.2% of the votes.

For some reason this announcement did not display when I typed 'BEG' into investegate.co.uk ?????

Asagi (long BEG)

[asagi] 27/2/2013 15:48

link please Sasannach?

Company website still says Caledonia have 7.5% of the company:


Last RNS I can find from the company is here:


and says that Caledonia has 6.5% of the company, owning 5.9m shares (down from 7.5% previously).

Asagi (long BEG)

[sasannach] 27/2/2013 15:43

Look in the last holdings RNS

[asagi] 27/2/2013 15:36

Can someone please point me to a source of this 2.8m figure that jamielin and cyberbub have claimed.

Asagi (long BEG)

[jamielein] 27/2/2013 15:29

They had 2.8m shares or 3.2% previously declared - so they will definitely be below 3% now.

If the 1.85m and 450k are theirs then they have 500k left, assuming they haven't sold any others on other days.

[cyberbub] 27/2/2013 15:16

They only had 2.8m shares left, so I am assuming that they will now be 'out'... But they have 2 days to declare as per usual...we will hear on Friday IMO...Get chomping fellers!

[asagi] 27/2/2013 15:09

2.5m shares in the company traded today, no movement in the price.

if the 1.9m shares traded was Caledonia selling, that would take them down to 4.3% according to my back-of-the-envelope calculations.

However, if the 450,000 trade was a sell of their too, that would take them below 4%. Check my calculations.

I expect an RNS later today.

Asagi (long BEG)

[badtime] 26/2/2013 22:40

I think i might try the filter button

[sir leonardo] 26/2/2013 22:10

SELL SELL SELLL!!!!!!!!FFS

[sir leonardo] 25/2/2013 18:47

WELL WELL WELL!!!!!!!!!

SIR ARCHIBALD KNOWS HIS STUFF AND PREDICTS DIS WILL FALLTO 30 PENCERS!!!!!!

MUPPETS ALERT!!!!!!!!!!!!!!!!!

[paulypilot] 25/2/2013 09:24

Morning cyberbub,

The overhang should indeed be cleared fairly soon I reckon. It was an obstacle when it was c.10% or more of the issued shares, but now it's much smaller, and reducing quite rapidly, I think people will be able to look beyond the overhang, and anticipate the share moving up.

Depends on what their next trading statement is like of course. I have 12 Mar in my diary as being the next trading statement, so not long to go now.

I would expect them to say market conditions still subdued. The opportunity will come once the economy is recovering more strongly, and the Banks are able to start calling in loans where the interest is being serviced, but there is little chance of the capital being repaid.

Arguably the ultra-lenient approach forced on Banks by the Govt has held back recovery, because so many assets are still in the hands of companies which are just sweating them to pay bank interest, instead of investing in improving the assets.
Lots of unintended consequences from tinkering with the free market system
unfortunately.

Regards, Paul.

[cyberbub] 25/2/2013 09:16

Reasonable volume so far today, the seller is clearly still with us but they seem to be moving up with the market... Perhaps the buying will start to overwhelm the couple of million they have left? Would be nice, lets see though...NAI

[sir leonardo] 23/2/2013 19:57

HELLO MUPPETS

Pepe the King Prawn

Pepe first appeared in 1996 as a part of Muppets Tonight. That makes him one of only two Muppets on this list (Bobo is the other one) who joined the cast after the death of Jim Henson in 1990. He earns it by being the opposite of nearly everything all the other Muppets are about. On the surface at least, he's a preening, selfish, egotistical aquatic creature. Somehow though, in the end he always does the right thing, and the notion that all that hubris is just one big façade is part of what makes Pepe so great. That outsider position also makes him sort of like a modernized Statler and Waldorf, capable of commenting on the Muppets in his own way by standing apart from them. It doesn't hurt that he's also funny. Pepe may be small, but more than any Muppet outside of perhaps Kermit, he thinks big. There's nothing you can't do that Pepe isn't sure he could do better, ok? Just get out of the way and let him do his thing.

[sir leonardo] 22/2/2013 15:54

WELL WELL WELL!!!!!!!!!!!!!!

NEVER PUT TOO MUCH INTO ONE STOCK!!!!!!!!FFS STICK TO DE RULES!!!!!!!!!!

SIR SAYS ASK YOURSELF WHY CAVA ARE SELLING!!!!!!!!!!!!!!!!

SIR SAYS GET OUT WITH THEM AS IT IS SOO LONG A WAY DOWN!!!!!!!!!

SELL SELL SELL SELL!!!!!!!!FFS

[daneswooddynamo] 22/2/2013 08:55

you're not joking spooky..i'm running out of funds!

[spooky] 22/2/2013 08:42

For what it worth i have picked up a few hundred thousand over the last week and they are getting harder to buy.

[bonio10000] 22/2/2013 08:35

c1d

No problem and good luck.

My firm recently downsided its insolvency department from 3 groups to 2 and made several redundacies.

However, there are always winners and losers even in a flat market.

[c1d] 22/2/2013 08:29

Bonio, I don't disagree with your assertion that the insolvency market is (and has been) very quiet.

But I believe that Begbies are extremely cheap, even in these quiet trading conditions, as their underlying trading is consistently profitable and they pay a great dividend which is well covered by earnings.

This is just my opinion of course, but I think that their historic & forecast P/E ratios and dividend yield relative to the current share price makes them look extremely cheap in comparison to the rest of the market.

I also expect the insolvency market to pick up at some point which will give a significant boost to their trading. In the meantime Caledonia are very close to clearing their remaining stake which will lift a weight that has been bearing down on the share price for months now.

I very much appreciate your views on the state of the insolvency market which I am sure are 100% spot on, but in my opinion this is already more than factored into the share price.
Regards

[daneswooddynamo] 22/2/2013 08:28

i think some would say they are cheap (and a punchy yield) without an upturn in business

[bonio10000] 22/2/2013 07:58

The other half is still adamant the insolvency market is still very quiet.

not sure these are cheap unless there is an upturn in business.

[gargoyle2] 22/2/2013 07:14

On the subject of overhangs, there's currently one at Brightside (BRT). Former director offloaded a chunk recently to a new strategic investor, and he still has a couple of percent left to clear. When that's done, i think we'll see a 25% rise at minimum -- 25p to mid-30s is what I'm forecasting. Needless to say, I hold there. (Paul, we've corresponded on this before, but I know you're not a fan of financials.)

[cyberbub] 21/2/2013 21:37

Paul, yes I agree completely about overhang situations, they have served me very well in the past for exactly the reasons you mention - in particular, being able to buy just about as many as you want, at a fixed price.

I almost quadrupled my money in a month on an overhang in LGO in November, sadly I didn't go 100% on that share even though I was sorely, sorely tempted... I would have been sitting on half a million quid now if I had had the courage of my convictions... sigh...

The problem is finding classic overhang plays, amongst all the shares out there... Someone should maybe set up an 'Overhangs' thread on ADVFN? I'm a cheapskate non-blue poster so I can't set up proper threads...

It's clear now that Caledonia found a willing large buyer a couple of days ago with the volume spike, and dumped a couple of million shares in a single transaction... the maths works out, with the volume on that day being roughly twice the number that Caledonia dumped... Or maybe it was a worked sell only declared on that day. Anyway it doesn't really matter, it has just brought the sellout day closer...

At the current rate of a couple of hundred thousand a day, ie. 100K sold by Caledonia and 100K bought by others, they will be out in 20 days or so. However I often find in these situations that major sellers dump their last lot in a large trade, sometimes leading to a sharp 5% drop before the rebound and breakout begin. So it could be any day now... and don't panic if the share price dips suddenly to say 33p - it's a sign of the final dump!

All my opinion, NAI