Begbies Traynor Share Discussion Threads

[melody9999] 03/10/2022 13:07

Julie Palmer, Julian Pitts and Andrew Hook of Begbies Traynor were appointed as Joint Administrators over WRFC Trading and Receivers over Sixways Stadium.

[steadyaway1] 23/9/2022 10:28

I think big gains over the next few years will be from acquiring restructuring practices at sensible rates...from increasing free cash flow. So base business profitability increasing from worsening economic situation, and acquired businesses being integrated well.

[daneswooddynamo] 22/9/2022 11:46

Needs to move through 150 technically but surely only a matter of time

[2bluelynn] 22/9/2022 09:07

Good statement off epic BEG begbies this morning

[steadyaway1] 22/9/2022 08:42

Don't think this statement could realistically be any more positive. Nobody upgrades at this early stage of the year. Comment re bigger, read more profitable admins etc is telling, as that is their near term strategic aim with London-based acq. I think 2023 and 2024 will be very hard, unlike fall out from 2008 when QE came in to prop up failing businesses with artificially low rates.

[this_is_me] 22/9/2022 07:55

Expanding rapidly. Being nett cash is reassuring in a rapidly rising interest rate environment. Still looking like a long term winner.

[2vdm] 22/9/2022 07:46

Agree podgyted. BEG is down with the rest of the market, but looks like there's plenty of work in the pipeline. Sad generally, but I suspect the govnt's energy bail out for business won't be enough and we'll see more liquidations coming.

[podgyted] 21/9/2022 17:33

Who knows? Will start to become apparent with the AGM statement tomorrow. Even if that is good who knows how the market will react? But this is counter-cyclical on about 60% of its business. Liquidations and administrations are on the increase. Good to have as part of the portfolio. I think I'm right in saying that this has not yet reached the share price highs of the last recession.

[investing2retire] 20/9/2022 11:11

Has this topped now. ive had a good run with Begbies. maybe its time to sell but as others have said the UK outlook is worsening day by day

[steadyaway1] 16/9/2022 07:08

Read across from FRPs update yesterday? Who knows...The UK's outlook worsens by the day, so this is one holding I'm not worried about.

[2bluelynn] 15/9/2022 22:31

Just the market maybe ?

[jeanesy] 15/9/2022 19:14

why the fall here ?

[route1] 12/9/2022 14:40

Unfortunately this is not currently reflected in the current share price

[melody9999] 12/9/2022 11:37

• Avonside Group Services Limited, the UK’s largest roofing contractor, which provided specialist roofing, energy and plumbing services operating through 39 branches across three divisions - Avonside Roofing, Avonside Energy and Avonside Plumbing - entered administration on 7 September. The Group, which employed 456 people, cited a period of disrupted trading during the pandemic, margin squeeze, the impact of underperforming divisions and financial reporting issues as the main drivers behind the administration. Joint administrators Kirstie Provan and Gary Shankland of Begbies Traynor have secured the sale of nine Avonside Roofing branches to an undisclosed industry buyer, preserving 79 jobs. The joint administrators were unable to find suitable buyers for the remaining Roofing and Plumbing sites within the Group, which are expected to be closed imminently. The Group’s Energy division continues to operate out of its seven branches, and a sale is expected to be concluded in the near term. ________________________________________

[2vdm] 12/9/2022 09:01

Current administrations league table as follows: FRP 88, BEG 60, Chamberlain & Co 51, Leonard Curtis 37, Interpath 34, Quantuma 34,Kroll 30, Grant Thornton 27

[2vdm] 12/9/2022 07:42

I notice from Insolvency Insider that they are No. 2 in the current league table for current administrations again, so the pipeline looks good

[podgyted] 10/9/2022 17:57

I agree edmundshaw. I also think this quote from MANO is the main read-across:- "From 1 April 2022, UK insolvency regulations returned to normal after a near two-year suppression of insolvencies by the Government in response to the Covid-19 pandemic. The benefits of this are now starting to flow into the Company's key performance metrics, with new case enquiries already up 24% compared to the whole of H1 FY22."

[daneswooddynamo] 09/9/2022 15:46

The market agrees with you. A fair bit of technical resistance for beg here but the odds must be on further progress soon

[edmundshaw] 09/9/2022 15:28

I struggle to see the read-across from that update, apart from the confirmation that gross cash generation from completed cases in the first five months of the current trading year is at a record. One case of financing a litigation case that went the wrong way and some writedowns on their future litigation result prospects doesn't prima facie reflect Begbies' business IMO.

[stevieweebie2] 09/9/2022 15:20

Not me, I increased.

[jeanesy] 09/9/2022 13:41

I thought the MANO profit warning would mean some would bank profits here today.

[amanitaangelicus] 02/9/2022 12:56

Gan on son! Golden share this beauty.

[daneswooddynamo] 08/8/2022 17:20

Got loads of both, the businesses are not identical but the main focus is corporate distress and let’s face it that is going to be coming through in spades as interest rates rise. Also the banks are now in decent shape and that actually means they are more willing to put zombie situations to the wall as they can take some pain if necessary. Imo the beg valuation looks a good deal cheaper than frp at the moment

[steadyaway1] 08/8/2022 14:59

I assume FRP has a higher cost base, geared up towards administrations rather than liquidations, so I'd hope FRP are getting the lion's share, and any for Begbies are cream on top. But I'm no expert on FRP...