Begbies Traynor Share Discussion Threads

[bogman1] 12/11/2020 23:20

Eventually it will catch up. In the meantime.... stock up! Hold this along with FRP and looking at Mano to complete the set. Anyone any thoughts on Mano?

[cravencottage] 12/11/2020 21:12

The Government are cash poor at the moment so i'm expecting support for businesses to be trimmed ( at best)

Sadly all good news for Begbies.

[williamcooper104] 10/11/2020 18:12

Always the way - the insolvencies hit when the recovery begins and lenders feel more confident to pull the plug

[cravencottage] 10/11/2020 17:59

Beginning an assault on DEC results :-)

[daneswooddynamo] 10/11/2020 16:32

Quite, actually you need the economy to pick up and there to be a more receptive market for residual assets, that is then in creditors ( mainly lenders) interests to pull the plug and try to recover something

[riverman77] 10/11/2020 16:01

This has been weak since the vaccine announcement on the flawed assumption that reopening of economy will lead to a pick up in growth and hence lower insolvencies. This is wrong. The only thing that is keeping a lid on bankruptcies is the government support measures - as soon as these stop we will see an avalanche of insolvencies. So a reopening of the economy should be good for BEG (sadly).

[bogman1] 10/11/2020 08:58

Thanks Trev. Makes for a powerful buying position. Particularly with the end in sight

[stevieweebie2] 10/11/2020 08:48

Noted Trev thanks.

[tradertrev] 10/11/2020 08:45

No position here but a quick heads up for holders from MANO's results this morning.
In the outlook comment: "The business has adjusted and traded very well through the unique challenges of 2020. The level of Government support in response to the Covid-19 pandemic has resulted in a short-term sharp reduction in the number of corporate insolvencies and bankruptcies. While we anticipate this trend will reverse in the medium term, the Board will continue to closely monitor the evolving situation and the impact on anticipated levels of litigation finance enquiries in and beyond the near term."

[stevieweebie2] 05/11/2020 13:37

Yup, nice £250.

[stevieweebie2] 05/11/2020 13:35

Yep me I think AJB Notified me so must be that, ill check now.

[route1] 05/11/2020 12:58

Dividend,has anyone received it yet?

[bogman1] 02/11/2020 12:10

Can't get through the paywall, fool likes it too. Should be on everyone's radar imo

[bogman1] 02/11/2020 09:56

I think those concerns on the accounts were like 80k of related party transactions, which were rental payments to the bo. This was an issue in sept 2019 and was all cleared up quickly at the time.

[bogman1] 31/10/2020 20:06

New lockdown is bad news for the economy good news for beg l. Shares will still fall on Monday though

[topvest] 31/10/2020 19:47

Begbies don't really do many audits. They are insolvency practitioners! In any case, the auditing profession is very busy indeed!

[martinpmh] 31/10/2020 09:22

Have you read how many businesses are on the verge of collapse..the auditing side of business is a drop in the ocean compared to the tsunami of bankruptcies coming..I was in this share at 70p and sold out at 105p..to chase the pound with mixed results..if this drops to March lows Christmas has come early..do not be greedy waiting for something that might not happen..

[martinpmh] 30/10/2020 21:02

Back in on this share..this is a solid stock and will see a steady 20-30 percent rise over the next two months..business is on life support machine at the moment and soon it will be switched off..amazed this dropped back below 85p..great opportunity

[aleman] 29/10/2020 13:04

I could be wrong but I gather BEG's results don't usually respond very quickly. When they are busy they spread people thinner over more cases and the pipeline gets longer. I'll bet they have probably worked hard recently to shorten the pipeline, knowing they will get overwhelmed in a few months when the pipeline will greatly extend again. I'm guessing it won't even show in results. You'll just get more of the same steady rise that you've seen in recent years. It will just go on for 5 years instead of 3 now. I'm over simplifying of course, but I'll bet there's some truth in it.

[sunshine today] 29/10/2020 12:29

I think some here are missing the point.

Yes things are dire.

However the government has messed around with the insolvency laws to protect the economy.

In doing so, it’s kicked the can down the road.

Your actually looking at a massive slump in work here , the opposite of what your intention was, when buying the shares.