Begbies Traynor Share Discussion Threads

[pottsypotts] 27/11/2023 16:28

Something going on here, falling away like there is bad news in the pipeline

[aleman] 23/11/2023 14:21

And it was already showing in business deaths in 2022. What will 2023 look like?



Between 2021 and 2022, the number of UK business births decreased from 364,000 to 337,000 leading to a fall in the birth rate from 12.4% to 11.5% over the two years.

The number of UK business deaths increased from 328,000 to 345,000 between 2021 and 2022 leading to an increase in the death rate from 11.2% to 11.8% over the two years.

This is the first time the business death rate has exceeded the business birth rate since 2010.

[aleman] 23/11/2023 14:18

Hhmmm ... UK net immigration has been revised up to 745k for 2022. Adjust GDP for that higher rate of net immigration and GDP/capita is down just over 1% over the last 6 quarters. Everyone feels like they're getting poorer because they are on average. And that's why BEG have been getting busier. Will all those rate rise make an obscured 18-month recession any better?

[edmonda] 20/11/2023 08:00

A positive H1 trading update ahead of interims due 11 Dec: says activity levels across the group are encouraging.

New research note from Equity Dev out, retaining 175p/share Fair Value, as you can read/hear below :

[aleman] 14/11/2023 11:25

Company insolvencies continue to rise significantly in October (particularly at the smaller end which is BEG's main market). Individual insolvencies still show a flatter trend though they are probably being moderated by significant rises in breathing space orders.

[mighunter] 08/11/2023 07:46

Accounts showing breakdown are available via Companies house (see Page 2 summary). The £100k discrepancy is creditors falling due after more than one year and provisions for liabilities.

[aleman] 08/11/2023 07:39

Probably working capital. Legal companies have to do months of work before they get paid, so receivables could end up outweighing payables by a large amount ... though it could be other things, too.

[finkwot] 08/11/2023 07:31

not really relevant to BEG, but something in today's RNS puzzles me:

"It had net assets of GBP0.2m (including GBP0.3m net cash) at 31 March 2023."

The non-cash assets must be worth negative £100k, but if debt is accounted for in calculating net cash, how is that achieved? What has a negative value apart from debt?

[zangdook] 31/10/2023 07:57

They issued about 1.8m new shares over the last two months, a tad over 1% of the shares in issue. Of those, 1.5m were announced on Oct 5 when the share price was already at the recent low. I don't think that's a major factor.

[amanitaangelicus] 31/10/2023 07:37

In a great position. No worries.

[route1] 25/10/2023 11:47

What is behind this strategy?Apart from diluting and depressing the share price?

[mrmarriat] 21/10/2023 07:24

Look at all the share issues the company has made in the past few weeks diluting the share price. That's what's going on.

[ny boy] 19/10/2023 07:20

Just dropped in, weird chart action, surely a takeover target soon, target 100p, looking to take another holding soon, sold years ago 2017/2018 from memory.

Like many U.K. stocks many have been badly beaten up.

[route1] 10/10/2023 07:37

Based on your comments, would you expect a breakout to the upside to occur shortly?Even as you say a retrace to 88p may also be possible, which leaves me wondering whether this company is on an uptrend or a downtrend?

[tayle] 09/10/2023 20:35

Poised for stellar growth,lots of new business, perfect storm for nature of business, offers defensive growth and potential earnings upgrade at reasonable prices.

Double digit (up to -27%) decline underperformed the wider market,resilient businesses perfect storm not fully materialised yet, growth expected (??) to deteriorate between now and 2026, difficult to evaluate.

Article IC is this why the price is going down by the week, soon retrace to 88p at this rate.

[route1] 09/10/2023 07:54

The share price performance is baffling to say the least.Regrettably and sadly the sudden outbreak of war in Israel at the weekend is not likely to improve business sentiment or confidence either nationally or internationally, especially if oil prices spike or the conflict widens, letting the inflation genie run wild.

[tayle] 03/10/2023 19:44

The share price is inversely proportional to all the positive news, I've said it before scratching my head with this one. Good job the news and recommendations are on the positive side or else it would be at 50p !

[dennisbergkamp] 03/10/2023 17:07

What is going on here?

Seems so low and friendless
D

[bend1pa] 03/10/2023 15:26

Sp down to an 18 month low now. Be interesting to see if 100p holds. BEG should be thriving under the current economic climate, but the market suggests otherwise.

[earwacks] 30/9/2023 09:37

I can see this being of interest to an American investment group , they just love to buy brit companies cost strip and screw them up!ex divi in a matter of days.

[johndoe23] 28/9/2023 11:46

Yes, no effect here

[daneswooddynamo] 28/9/2023 07:08

Decent update from frp today with effectively upgraded expectations

[johndoe23] 27/9/2023 13:31

Signs of life

[route1] 20/9/2023 03:48

It's always a possibility.Get out whilst the going's good, as they say.Other factors may also be at play here, such as the CEO, and other board members considering or eyeing their retirement.It must certainly look attractive to other companies in the sector, who would like to acquire the overflowing instructions book, with the amount of insolvency's and administrations snowballing by the minute.This situation is not likely to change anytime soon, with the UK business sector descending into utter turmoil.A possible benefit of a takeover could be that the buyer/ company is listed on the Footsie 100/250, rather than AIM , as at present.These remarks are all just possibilities , and are aremade without prejudice.