Begbies Traynor Share Discussion Threads

[cravencottage] 29/6/2020 17:47

Stuie

Have a look on Motley Fool website..

It's there in Black and White.

[stuie] 29/6/2020 17:45

Sorry mate that should have read lots of thumbs up and it came through as question marks . Good spot by you . Many thanks. Stu

[cravencottage] 29/6/2020 17:37

Just realeased

Calm before the storm

My third pick of shares worth watching in July is an old favourite: insolvency specialist Begbies Traynor (LSE: BEG). If any stock is a compelling counter-cyclical candidate at the current time, this must surely be it.

Last month, Begbies reported that it continues to trade well “with strong growth in revenue and profit compared to the prior year“. With many businesses still shut, I suspect this situation won’t have changed by the time the company reports full-year figures on 21 July.

But forget the last few months — I think the firm might be flooded with business in the rest of 2020. And even if it takes some time for this to be reflected in the share price (particularly if there’s a second market crash), there will be dividends to collect in the meantime.

Begbies trades at almost 16 times earnings and yields a forecast 3.2% for FY21.



GLA

CC

[stuie] 29/6/2020 17:27

Has that just been released or is it one of their older ones that's just been rehashed?

[cravencottage] 29/6/2020 17:22

Motley Fool Tip

Probably explains late spike.

[stuie] 29/6/2020 13:40

Was doing the same myself, twice I thought I would get filled , but the spread opened.

[rimau1] 29/6/2020 13:35

Best to have an active limit buy with BEG due to the volatile swings. Sometimes they get filled and sometimes they don’t. I had a 95p limit and was gutted when it didn’t get filled on Friday! Anything below £1 is a great entry or top up in advance of results IMO

[stuie] 29/6/2020 13:14

Frustrating, using the massive spread to move the price around. You never know where you stand. +0.50 to -4.0 in a second.

[bogman1] 29/6/2020 09:42

Big rise first trade. Watch it drop off last trade off the day

[stuie] 26/6/2020 18:51

Classic tree shake. The stock traded with a huge spread all day, with the bid being pushed out constantly to entice sellers. Last trade of the day 60k sold @95p the low of the day. Job done .

[bogman1] 26/6/2020 18:27

Ie manipulation

[bogman1] 26/6/2020 18:27

I have been in this co for 6 months. That regular for it to dip at the end of the day

[stuie] 26/6/2020 16:38

Dropped 3.2p after the close, with a
4p spread. Manipulation.

[stuie] 26/6/2020 15:16

Be brave people , the shake out has started. Trying to pick up weak holders shares in time for the push when results come out. Classic MM activity.

[bogman1] 26/6/2020 14:02

Gotta be a buy at under 100!

[stuie] 26/6/2020 13:33

Done nothing but push the bid out all day on these. Trying to get sellers because results coming. Expect serious fun and games for the next few weeks.

[jm65] 22/6/2020 07:31

Sounds promising...https://www.londonstockexchange.com/news-article/MANO/change-of-date-for-full-year-results/14585559

[aleman] 16/6/2020 09:41

The cost of lockdown - Claimant Count explodes.

[aleman] 09/6/2020 14:23

The outlook for UK jobs is the gloomiest in almost three decades, according to the latest employment survey by recruitment firm ManpowerGroup.

It found that companies in all big sectors of the economy are more likely to cut jobs than to hire people over the next three months, from July to September, the weakest forecast since records began in 1992.

[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.