Begbies Traynor Share Discussion Threads

[stevieweebie2] 23/9/2021 09:54

indeed Boon, this sector will surley be en vouge for the next few years hence i'm well loaded here.
ps,nice to see this also kick on to FRP

[bogman1] 23/9/2021 08:28

Going well..

[boonkoh] 23/9/2021 07:39

Wonder if BEG will pick up any of the high profile energy company administrations.Over the next 6 month bound to be a huge surge of insolvencies, driven by raw material cost inflation, supply chain issues, energy inflation, wage inflation, staff shortage.... I'd not like to be a CEO or CFO in most companies in the next few months!

[edmonda] 23/9/2021 07:19

Trading during the first quarter (May to July 2021) was in line with expectations. BEG remains on track to achieve our revenue and adjusted profit forecasts, which are unchanged. As anticipated, the components of forecast double-digit percentage growth in revenue and profits this year are internally driven, rather than market related: specifically recent acquisitions and the bounce back from 2020’s lockdowns.

The two business and financial recovery acquisitions completed last year, CVR Global (January 2021) and David Rubin & Partners (March 2021) and another, MAF Finance Group (May 2021) post the year-end are all performing well. BEG reported successful integrations, identification of synergies and cross selling opportunities.

We have held our forecasts and 165p/share fair value estimate, equivalent to a 17.9x FY22e PER and a 1.9% prospective yield (2.9x covered by adjusted earnings).

[daneswooddynamo] 23/9/2021 06:57

Poised for the next move up, in great shape to capitalize

[its the oxman] 23/9/2021 06:24

Positive update, insolvency rates now increasing every month, and I can only imagine they will continue to rise for some time to come.

[its the oxman] 15/9/2021 15:03

Defo, very nice price 132p

[melody9999] 10/9/2021 08:53

about time to add I suspect

[podgyted] 08/9/2021 15:44

It flatters to deceive.

[its the oxman] 01/9/2021 22:37

Should bust 150p any day now.

[davr0s] 01/9/2021 16:05

That's a 12year closing high. Not going to argue with that

[davr0s] 01/9/2021 14:15

Pushing new highs again

[zangdook] 01/9/2021 09:16

On the contrary, TW is a waste of carbon and should always be ignored. The only credible dirt associated with him, apart from behind his ears, is in the kitchen of his restaurant.

"doesn't like Begbies" ffs

[topvest] 31/8/2021 18:30

Not the biggest issue of all time just sloppy. TW doesn't like Begbies and has had a pop at them for related party transactions in the past. I'm still holding. TW is very good at digging up dirt though and shouldn't be ignored.

[davr0s] 31/8/2021 18:04

Maybe, but in the end price and price action is what counts and the general market is unphased by this. Important not to find reasons to be bearish even if they seem to be "obvious"

[topvest] 31/8/2021 17:58

Yes, very poor. It does need an explanation.

[boonkoh] 29/8/2021 08:57

Ah, I failed to spot it was a delayed PDMR declaration!Indeed for someone at his level of the org it is inexcusable. Surely he had to also seek internal trade approval when he made the trade? In which case someone has really dropped the ball in reporting.

[topvest] 28/8/2021 19:07

It looks like Mark Fry has not informed the company in the correct timescales given he sold these on 2 August. Share Prophets are having a pop. To be honest it is very poor for such an experienced guy.

[boonkoh] 27/8/2021 22:16

Mark Fry selling is good news in a way. As Head of the Business Recovery division, one of the main revenue drivers, he wouldn't have been given permission to sell if they were behind on management expectations or even broker expectations. So it's almost a vote of confidence that trading is on track.Of course, not a strong vote that the share price is way undervalued either.

[boonkoh] 27/8/2021 22:14

Yes, we're probably not going to see a surprise "performing ahead of market expectations" as insolvencies haven't exactly been flying. But if you look at the monthly gov stats, they've been increasing nicely. Still below 2019 levels, but the crunch time is Oct to Dec when the last of govt support ends (furlough, business rates, etc).

[edmundshaw] 27/8/2021 15:41

Number of zombie companies around now must be huge. Still below average administrations

From the Telegraph "According to figures from Fathom Consulting this week, the number of corporate insolvencies has hit a 20-year low. In some sectors, such as retailing and construction, the numbers are down by a third or even more year-on-year".

Obviously this cannot continue for long, tying up capital and labour with the added burden to the taxpayer...

[trainsailing] 27/8/2021 15:38

£100k director sale not the best vote of confidence hopefully there is a good reason.

[topvest] 25/8/2021 09:43

I've sold half my holding to lock in a profit after the share price has achieved my target price. Average 3 bagger, so the rest are held at effectively £nil cost.

Ric Traynor is 61 I believe. Just a thought, but a merger with FRP Advisory would be a possible exit route for him. They are similarly sized. Any thoughts?

[adipsia1] 19/8/2021 10:36

Inflation combined with increasing debt.

[boonkoh] 17/8/2021 22:12

I've always thought that covid is what will cause an avalanche of distressed businesses. But lately I'm thinking it'll be inflation. Both raw material costs plus wage costs. Sprinkled with supply chain disruptions.