Share Name Share Symbol Market Type Share ISIN Share Description
Begbies Traynor Group LSE:BEG London Ordinary Share GB00B0305S97 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.875p -1.72% 50.125p 48.25p 52.00p 50.00p 50.00p 50.00p 133,078.00 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 50.1 0.6 0.3 167.1 53.20

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Date Time Title Posts
20/1/201713:54Begbies Traynor Grp1,664.00
11/10/201419:41Is the UK going into RECESSION?50.00
02/8/200801:38Begbies Traynor Group plc74.00
15/11/200615:48Begbies with Charts & News3.00

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Begbies Traynor Daily Update: Begbies Traynor Group is listed in the Support Services sector of the London Stock Exchange with ticker BEG. The last closing price for Begbies Traynor was 51p.
Begbies Traynor Group has a 4 week average price of 50.01p and a 12 week average price of 48.73p.
The 1 year high share price is 54p while the 1 year low share price is currently 39p.
There are currently 106,144,463 shares in issue and the average daily traded volume is 59,075 shares. The market capitalisation of Begbies Traynor Group is £53,204,912.08.
topvest: This company is doing OK in my view. The share price will start motoring as insolvencies start to increase. Whether you like it or not it's a FACT that we are now closer to this happening. It may be in the next year, 2-5 years away or longer...but it's coming! This share is one of the best contra cyclical companies that you can buy, if you take a contrarian view. Insolvency experts will be much busier than they are now sometime in the not too distant future given that insolvencies have been heading lower for 6/7 years.
mctmct: Something up? (other than the share price this morning)
speedsgh: Change of date of Half Year Results - HTTP:// Last minute change of date. Final figures not ready in time or something slightly more sinister (pushing results on to a Friday which is rarely a good sign)? I suppose we'll find out soon enough. Share price has certainly been weak since the summer.
topvest: Trading is still difficult by the sound of things. When conditions change then I would expect a sharp turnaround in the share price and trading position. One thing is for administrations will increase at some point!
daneswooddynamo: quiet here given the rather encouraging signs of life from the share price
speedsgh: From a purely technical perspective, looking at the long-term chart is this a big bowl in the making? If so, there is multi-bagger potential. I'm personally invested here for the income but the potential share price growth does add an extra dimension. Assuming that the economy continues to recover, BEG should be a major beneficiary so the fundamentals would suggest the bowl is a possibility. Happy to add on weakness.
speedsgh: dashton42 - excellent article which surely means a nice boost in business for BEG if the zombies + those in acute distress become insolvent as predicted. perhaps the recent rise in the share price is in response to the improved economic outlook factoring in a rise in insolvencies.
c1d: 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
paulypilot: Agreed, Caledonia are holding back the share price with their constant selling. But as we saw with Vianet, a big overhang can suddenly clear, and then trigger a very quick 20% rise. So one can see an overhang as both good & bad - good because it allows you to buy easily in any size you want, and bad because it's a short term break on the share price. That said, BEG's trading has been pretty lacklustre in the last couple of years, but there should be a good pick-up in work once the economy is recovering more strongly. As we know, more companies go bust in a recovery than in a recession, especially where insolvencies have been so massively suppressed by Govt policy as this time - which has delayed the recovery, since private sector investment often hinges on a holder of a dilapidated asset going bust first, before that asset (e.g. a shop, hotel, car dealer, or whatever) is handed over to someone who can afford to revamp it, thereby creating jobs. At last meeting Ric Traynor also indicated that small bolt on acquisitions are being planned, and are now at reasonable asking prices again. So we should get growth in that way, even if underlying insolvency market is static. This should be a nice long term situation in my opinion. Hoping to at least double my money here from the current price, plus 6% divis along the way, if it all pans out as hoped. Cheers, Paul.
darwenlad: Paul, Thanks for response. Just checked the Top 200 companies in today's Sunday Times and only three companies (Evraz, Resolution and RSA Insurance) have yields higher than their p/es. Begbies Traynor's current valuation (6.3 % yield versus 5.8 PER) looks very much out of kilter. My big concern remains BEG's dividend. They held it this year but if the insolvency market continues to contract they could cut it again in a bid to strengthen BEG's balance sheet. Perhaps I am being unduly negative but I was badly caught out earlier this year by Morson, another Manchester company with a reaonably strong balance sheet, similar sort of yield and equally low P/E. It axed its dividend in order to "strengthen" its balance sheet, its share price halved, and in less than six months the Mason family, which owned circa 45% of the business, had taken the company private at close to the share price's all time low. As for Caledonia, it is one of the most lowly rated investment trusts which has massively under-performed the market over one and five years. A new management team is trying to turn round its miserable investment performance which has been hampered by having too many subscale investments. It is in the process of reducing the size of its core portfolio to 40-50 investments and has set itself a minimum threshold of £10m for new investments. CLDN's current 14.3% stake in BEG is worth around £4.5m which suggests that CLDN might want to get rid of it which could act as a potential drag on BEG's share price.
Begbies Traynor share price data is direct from the London Stock Exchange
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