Begbies Traynor Dividends - BEG

Begbies Traynor Dividends - BEG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Begbies Traynor Group Plc BEG London Ordinary Share GB00B0305S97 ORD 5P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  -1.00 -1.14% 87.00 88.00 87.00 88.00 88.00 12:51:18
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Industry Sector

Begbies Traynor BEG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

aleman: Another acquisition. Https:// I'm now guessing adjusted PTP of maybe £9.6m this year and £11.0m next year.
aleman: This acquisition should take adjusted PTP to maybe £9.2m, with a half-year contribution, and probably £10m or more next year. More acquisitions are likely, though.
aleman: It's not very high for such a cash generative company that has little demand on the cash it generates so it just keeps making small acquisitions and paying a growing dividend. The answer to your question is yes, the share price is up with events if there isn't a recession coming, but no it's still cheap if there is. (I think it's already here. Checkout Claimant Count - already up by half the total increase of the last recession, yet the B of E does not even look like cutting interest rates yet. Until they cut, I think BEG will keep getting busier.) Https:// But don't forget they're expanding quite quickly now from the cash they're generating. 44 offices in Feb 2017 and 75 now plus cross-selling from the acquisitions. Recent years' forecasts have turned out to be slightly conservative.
aleman: Does the RNSing of the new partners express frustration at the share price drop or does it actually suggest it will bring significant revenue increases? A question for the AGM maybe.
magic: 2pm of shareprophet posting coincides with start of fall of BEG share price also around 2pm. hxxps:// An Open Letter to Begbies Traynor - please don't make me go to your AGM, just answer my damn questions 2 2019-09-11 14:02:57 I have serious questions relating to corporate governance and related party deals at Begbies Traynor (BEG). I have communicated these to the company today and hope for answers. If I do not get them by next week I shall have to attend the AGM in Manchester and kick up a stink. None of us want that so over to Begbies...answers please. The letter is below.
topvest: Yes, all looks very good. One of the few businesses which are well placed for BREXIT and economic gloom. For that reason, it's a strong hold for me. I've held for quite some time, but at last business momentum is building. Think we should see continuing highs in the share price over the next few months.
cravencottage: I'm no chartist but glancing at the graph it does appear BEG has the look of a "Coiled Spring" It's taken more than 5 years to regain traction with the share price and given the economic indicators falling into the lap of BEG it's only a matter of time before the "Coiled spring" is let loose.. There's been several chunky buys going through over the last week or two but how long can the MM's keep a lid on the SP? Just over 2 weeks to results and with a minimum of 4.7p of EPS in the bag for 2019 and current forecasts suggesting 5.4p for 2020 it's fair to say that the momentum has some way to go given the almost inevitable broker upgrades post results and the healthy dividend policy the directors are expediting.. Time will tell but if you go back to the last recession of 2007/2008 and the share price got quite close to £2. Coupled with the fact Ric Traynor is knocking on 60 I think ultimately we're going higher than the "Cup and Handle" of £1. These are very interesting times.. Good luck all CC
aleman: Another small acquisition - too small for an RNS. I gather assets are about £400k (almost entirely cash and debtors) and increased about £15k in the last accounting year. Employees rose from 4 to 5. I gather this deal went through at the start of March but has only been announced now, presumably once changes to a BT format have been completed satisfactorily. Https:// Begbies is not on a cheap rating but it is very cash generative and is using that cash to make these regular small acquisitions. The growth in its market seems to be accelerating and it is acquiring market share on top of that. I think we should be due a nice upgrade to forecasts when the results arrive in 4 weeks. The recent rise in the share price may have covered that or not - we shall soon see.
aleman: I was too busy with other things to go to the AGM. It looks like something has come from that. There has been a run of buying since yesterday afternoon that has now started to lift the share price a little. Office numbers have risen. Perhaps, the AGM has given a broker the confidence to increase their predicted numbers slightly?
speedsgh: Nice balanced write up on the results in Stocko's SCVR report by Graham Neary today... HTTPS:// This insolvency practitioner has enjoyed a big re-rating higher over the past year. Investors are preparing for interest rate hikes and for zombie companies to start throwing in the towel en masse, driving up the demand for Begbies' services. Results for the year to April 2018 are moving in the right direction. The company made small acquisitions in February and March, and they will have contributed a sliver of the above revenues. Its financial position has improved: net debt is at its lowest level since 2007, and the total dividend has increased for the first time since 2011. Outlook Given the valuation now attached to these shares, I'm a bit surprised that the outlook statement isn't more bullish. Conditions are described as "stable". Expectations are unchanged, with continued growth to be seen from the pair of acquisitions and from organic investments being made: "Any further growth in earnings in the new financial year could be generated from a faster return on the investments we have made or an overall improvement in our counter-cyclical market conditions." Corporate insolvencies fell slightly in 2017, according to statistics quoted by the company. Q1 2018 saw them ticking back up, but the company offers the appropriate caution: "any sustained increase is likely to be as a result of either a marked change in interest rates or a change in the economic environment". My view I have mixed views on this one. I can see the argument for it playing a counter-cyclical role in a portfolio, and I agree with that. On a standalone basis, however, it's another labour-intensive professional services outfit and its margins reflect this. The operating margin in today's income statement is a lukewarm 5.3%, an improvement compared to last year's lacklustre 3.3%. Also, considering it purely on a standalone basis, higher insolvencies still haven't materialised yet. After such a long wait, there is still no guarantee that this will be occurring any time soon. While I said at the top of this report that investors should try not to place too much emphasis on macro forecasts, Begbies is an example of a stock which is heavily influenced by economic conditions. Apparently, the prospects of a rate hike at the Bank of England's next meeting have fallen from 69% to 62% in recent days. I would expect the Begbies share price to retreat, if interest rates do not rise soon. But I can see why the share has attracted some interest. Probably the main attraction for some will be the 3.5% yield, with prospects for this to improve as Begbies continues to grow market share.
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