Begbies Traynor Share Discussion Threads

[rivaldo] 31/3/2020 09:11

You have to laugh given today's rise - BEG were quoted so much yesterday I did think they'd been appointed. Many thanks to the above poster for pointing out that it's actually Grant Thornton who've been appointed and not BEG at all!

[daneswooddynamo] 30/3/2020 21:25

Beg is not the administrator for brighthouse it is Grant Thornton. Julie Palmer just gets quoted a lot on administration cases

[magic] 30/3/2020 19:42

LOL, you may well be right. Hopefully over medium term volumes will increase.

[lefrene] 30/3/2020 19:16

magic, do not be surprised if the MMs walk it back down tomorrow, for a rinse and repeat.

[magic] 30/3/2020 18:51

Interim div: 0.9p, around 1.3% at 72p

Ex-div Date: Thu 09 Apr 2020
Pay Date: Mon 11 May 2020


Last year
If I was BEG, most probably keep it at 1.8p for stability and use any cash to smooth the ramping up of business?
ex 10 Oct 2019 paid 07 Nov 2019 Final 1.8p

[magic] 30/3/2020 18:41

Lefrene - thanks, looks like Brighthouse effect. BBC put on website around 1430, which ties in quite well with the surge in BEG.

[magic] 30/3/2020 18:37

Thx rivaldo, rimau. I imagine Begbies could reassign staff to the busiest areas.
I dont know how much of a slowdown there is / will be in the legal system to process insolvencies and by government financial support.

There will also be Begbies staff off.

Likely to be a dip in earnings at the moment, but if you look ahead to next few years, likely to be a lot of work.

If inflation spikes next year, being predicted by several, including Goodhart
hxxps://voxeu.org/article/future-imperfect-after-coronavirus
then there could be further pain and restructing.

All seems Begbies services will be needed.
Am in maybe average of 60, holding for over a year.

[lefrene] 30/3/2020 17:17

It could have been the BBC item about BEGs getting the Bright House collapse business? But given the avalanche of business failures that will be coming down the road, there's a feast around the corner for BEG.

[jeanesy] 30/3/2020 17:12

Nice move up today :)

[rimau1] 30/3/2020 12:45

The property side if the business is an auctions business, valuations and consultancy so you could argue in a distressed sales environment BEG will have property consultancy work. The diversification from a pure 100% counter cyclical play in my view was and is a good move. Happy long term holder from 2016, bought at 47p and have just started adding at 65p as others have noted BEG is going to be very busy in 2020-2021 and i see the fall from 90p to 65p as a good opportunity. I calculate the insolvency side is historically on 5p eps and growing so even giving a zero value to the consultancy side and this is on 13 times earnings IMO

[bonio10000] 30/3/2020 12:31

Wife is an insolvency practitioner - albeit for a bigger outfit.

Looking at a record year in insolvency and restructuring.

make of that what you will.

No advice intended.

[rivaldo] 30/3/2020 12:28

Yes, I was perusing BEG with a view to buying, but certainly hadn't realised that over 30% of revenues - and profits - derive from property advisory and transactional services.

This income will surely have collapsed - or be about to do so. So BEG is certainly nowhere near the slam dunk purchase it would otherwise have been in this environment (unless anyone can argue otherwise!).

[jeanesy] 29/3/2020 09:57

A balanced article on iii
hxxps://www.ii.co.uk/analysis-commentary/stockwatch-rescuing-others-should-boost-share-ii511069?utm_source=IBMW&utm_medium=email&utm_campaign=ii_weekend_round_up_newsletter_280320&utm_content=&spMailingID=9035407&spUserID=MTIxNjc2ODEyNTU0S0&spJobID=1475069335&spReportId=MTQ3NTA2OTMzNQS2

[ny boy] 28/3/2020 09:05

An obvious buy imo, I have been accumulating for the recession ahead.

[santangello] 26/3/2020 21:15

Yes, buyer has been taking 50k at a time off the book.....looks like an agreed price deal with a MM, the share price would have moved way North of here if that was not the case....MMs cannot hold this back too much longer ??

[jeanesy] 26/3/2020 19:13

Some nice 50K trades going through

[jeanesy] 25/3/2020 18:56

Some larger trades at the close.

[santangello] 23/3/2020 10:37

Begbies will be involved heavily in the tailspin of insolvencies this devestating virus is creating.



Further evidence to support that this company should be blue most days, but shorters are at work.

[santangello] 21/3/2020 11:44

I can see both replies to my assumption and it is fesable to understand what is being said.I am adding and am long here.

[alex1621] 20/3/2020 13:11

There are no notifiable short positions in BEG, and I wouldn't think it would be an obvious target. Perhaps what you are seeing is cash raising by long holders? In this environment even gold gets sold off.

[stevieweebie2] 20/3/2020 13:09

yes
ive just bought another 5K worth so add to my Sipp.

[santangello] 20/3/2020 12:49

Even with the Government support, the share price is way, way too low on fundamentals alone....it is the shorters who have the upper hand here, but when they leave, the share price should head North very quickly i.m.h.o

[alex1621] 19/3/2020 12:27

If Government policies keep companies alive for several months then the level of business for BEG may not appear as the UK gets back to normal.Same thing happened in 2008. The share price spiked and then tumbled as the insolvency levels remained low.