Begbies Traynor Share Discussion Threads

[santangello] 02/6/2020 12:50

Technically, looks like the next leg up has began. Be interesting (and very rewarding) to see if it is confirmed.

[williamcooper104] 01/6/2020 20:00

You're right there It's like last time in that almost every commercial real estate investor/developer went through some form of either informal or formal insolvency/work-out process Except now it's not just one part of the economy but vast sectors of it Looks we are going to get a form of chapter 11 which means yet more work The limiting factor will be the number of reasonably skilled accountants they can get/retrain

[ironstorm] 01/6/2020 19:13

New rules on insolvency during the pandemic could well be the reason for the letting out of the air in the share price. They make it easier so avoid bankruptcy. However the flip side is that the process still needs to be overseen by an IP. As it is they could not handle the amount of Work caused by untrammelled liquidations. But the measures are time limited. And in the end there will be more liquidations. Long term story intact. Short term there might be a fillip from this overseeing the new process not running the insolvency.

[aleman] 01/6/2020 14:11

It's not a hugely beneficial RNS. One more office does not justify an RNS. It might be on a technicality for increasing the Scottish presence by 10%+. BEG have been opening new offices in ones and twos for about three years without an RNS. Edit - I just realised it says they'll be transferred to existing offices in Glasgow and Edinburgh so the new office opened according to the website (now 77) must be in addition to the RNS.

[hawaly] 01/6/2020 13:12

Still in a "buy the dip" frame of mind for many - rationality as ever taking a back seat, If something has been hit for 70% by CV it must be a bargain as the market recovers. Of course - "or not" - perhaps as negative results become more commonplace there'll be another switch back to those such as BEG and FRP set to benefit. GLA 😎

[gbh2] 01/6/2020 12:25

sp going nowhere fast imo.

[santangello] 01/6/2020 12:19

.....I'm actually not sure many investors know there has been a strong and hugely beneficial RNS this a.m (ADVFN for one not showing it in RNS column).

[santangello] 01/6/2020 07:54

Excellent news from BEG, going forward, the Board continue to demonstrate great vision and future value for shareholders.

[ironstorm] 28/5/2020 07:54

Closing out of the stops. Market makers 101. Free money for them.

[lhealy] 27/5/2020 20:39

How has that happened?

[ironstorm] 27/5/2020 20:28

Looking like a W shaped recovery to me. A company I know is advising a number of companies on redundancy. Consultations have started. Jobs are already going. 2-3 weeks they will be in full swing and it will continue for months. GLA

[aleman] 27/5/2020 10:48

The market mood is optimistic at the moment as lockdown eases. It will change when all the redundancy notices start flying around in 2-3 weeks to comply with notice periods ahead of August redundancies when companies have to pay 25% of furlough plus the government's lost National Insurance. Then there will be the discussion of how government closes its deficit with some pretty severe austerity on a base of lower employment and economic activity. Meanwhile, companies reopening have extra social spacing costs. Some businesses are not reopening since they see low sales and no profit margin. Others are hanging fire due to lack of footfall that is only rising slowly because other similar businesses are hanging fire and many old and compromised continue to shield. This will not be a V-shaped recovery. It will be much longer and more painful and closer to an L-shape.

[gswredland] 27/5/2020 10:33

Tree shake It’s come back quickly

[santangello] 27/5/2020 10:26

Exactly........ And I cannot add at the moment either....I am livid !!!!

[chessmaster10] 27/5/2020 10:15

Price manipulation, unfortunately.

[bogman1] 27/5/2020 10:02

Why the drop? Buying opportunity....

[santangello] 27/5/2020 10:02

Just MMs playing out the weak traders that have appeared of late with stop losses around 88/93p......they are getting manipulated in the short term....the most obvious activity you will see being played out in front of us lol :)

[andywillz] 27/5/2020 09:48

makes sense to me Melody, but the market is clearly disagreeing with us haha

[melody9999] 27/5/2020 09:47

It is great that the pandemic is easing. But businesses face a long haul, especially when the furlough support is reduced and then ends. There may be changes in the insolvency laws but businesses will need the advisory services that companies like BEG and FRP provide to help them come through difficult times and ideally come out of the other side without folding completely. These guys are going to be busy for a long time to come.

[jm65] 22/5/2020 12:13

Looking at the Buy/Sell ratio today I can't believe this isn't shifting higher?

[aleman] 22/5/2020 10:43

Insolvencies peak some time after recession. With backlogs in courts, it could be longer this time.

[eeza] 22/5/2020 09:53

Yes, the term 'broadly' usually means a small miss.

[andywillz] 22/5/2020 09:45

Could also be the case that the update said 'broadly' in line with expectations. i read that to mean 'almost' in line. Probably referring to the dip in property services. Perhaps short term, the increase in business restructuring/insolvency work may not offset the difference, but i would think in the mid-long term once property services return to normal, they will hopefully be exceeding expectations.

[williamcooper104] 21/5/2020 18:30

Yep - there's a lot left in this cycle Insolvencies tend to peak as the economy comes out of recession And this downturn will lead to the living dead zombie recovery which will fuel restructuring for years to come Only regret is when I bought this as a disaster hedge 24-18 months ago with a positive carry I didn't load up more