Begbies Traynor Share Discussion Threads

[daneswooddynamo] 05/10/2020 22:51

Depends as usual when you bought and your time frame, frp has risen 50 percent in the last six months even having come off the top

[bogman1] 05/10/2020 22:39

Thanks gents. Good points. Considering adding to my frp position, but it doesn't seem to be following the market. Those purchases you mention seem to be good imo. Profits are up this year. Nice Divi for frp as well. Yet share price is down. The future is bright for these companies if not for everyone. Whats not to like. These should be baggers in the near future but the market may have other ideas.

[rimau1] 05/10/2020 21:12

I hold BEG and FRP. I would just add that FRP are more expensive than BEG (PE of about 19 vs Beg 15) and seem to trade in a small range regularly bouncing off 110 and hitting resistance in the late 120’s. FRP is one to lock away and forget about, just buy the dips IMO. I would just add that both Beg and FRP need govt support to end for their business to really outperform. With Covid, Brexit and a huge Recession its a non brainer investment for me.

[bogman1] 05/10/2020 19:48

Anyone any ideas why frp is dropping? Same business. Should be booming. Booming Like this share price should be

[cheshire man] 05/10/2020 15:48

A good start to the week :-)

[stevieweebie2] 05/10/2020 15:41

yes, here and holding.

[bogman1] 05/10/2020 15:34

And she's popping.

[topvest] 05/10/2020 15:30

Quiet BBs are normally a good sign!

[bogman1] 05/10/2020 15:25

I am here waiting on the market to notice this one, but a quiet board, definitely a great company, hold this and frp which is also waiting on the market to notice it

[royalalbert] 05/10/2020 15:12

Anyone else here?

[royalalbert] 02/10/2020 21:25

All quiet here, I'm topping up slowly but surely. This will come good, expecting a slow but steady rise from now until December.

[aleman] 29/9/2020 13:45

Free cashflow was £7.7m before they raised £7.7m and spent £9.1m on acquisitions and deferred asquisition payments, to leave £6.3m. After £3.1m of dividends that left £3.2m to reduce net debt from £6.0m to £2.8m. The bigger business is trading in line with a better forecast this year so free cashflow might be a little higher this time. I'm liking that.

[cheshire man] 28/9/2020 09:20

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[cravencottage] 18/9/2020 21:13

You were right Bogman

:-)

[cravencottage] 17/9/2020 21:19

If you look at the last recession 2007-2008 BEG's share price doubled in roughly the same timespan..

If ever there was a no brainer yielding 3% ( Oh and by the way BOE held rates at 0.1% and exploring opportunities of sub zero rates)

Mister Market will wake up at some stage.

[edmundshaw] 17/9/2020 20:59

Ignoring Mr Market here. Already topped up earlier at 87p, so not inclined to add again at the same price even on an encouraging statement. Not interested inthe games, just long term value.

[bogman1] 17/9/2020 18:16

It will be back up 5% in the morning, we are being played.

[cravencottage] 17/9/2020 17:30

Bonkers

Yielding 3% and everything going in BEG's favour at the moment..

Selling on a 15 times current market expectation earnings doesn't seem too challenging to me and if it goes much lower i'll be topping up.

[gswredland] 17/9/2020 16:37

Strange one this. In come the profile takers. Even wonder if 80 is a possibility. We will see

[halfpenny] 17/9/2020 09:40

BEG remains a great opportunity with 100p plus. Trading update should push this above 100p ALSO dovish report BOE later today will push BEG much higher as Insolvencies go up exponentially. I expect £1.20 soon as its a strong company and in a great space..

[rimau1] 17/9/2020 07:55

Agreed, given all the govt support currently supporting SME’s we couldn’t ask for more than a trading in line statement. The property side is performing well too. Trading at 15x earnings with a 3% yield and no debt this is the best counter cyclical investment that money can buy IMO.

[santangello] 17/9/2020 07:04

Now that is what I call a strong, positive and reassuring trading update.

After adding over recent weeks, I look forward to the opening bell today (and the months to come).