Begbies Traynor Share Discussion Threads

[boonkoh] 23/2/2022 09:20

Surprised at drop today. Maybe they were not bullish enough in their statement for the year ahead.With a clear momentum in increasing insolvencies and also the unprecedented cost inflation and supply chain squeeze, who wants to bet against rising insolvencies over the next 12 months?In addition, commercial property will start flooding the auction market as commercial tenants are finally evicted, post covid moratorium on evictions.

[2vdm] 23/2/2022 08:40

Have been preserving cash of late, but have topped up as at these prices, I think it's a bargain for the longer term.

[2vdm] 21/2/2022 07:38

Also rated as a buy at current price by OMG

[tole] 16/2/2022 16:43

https://www.fool.co.uk/2022/02/16/2-cheap-dividend-paying-stocks-to-buy-right-now-2/A top counter-cyclical stockBegbies Traynor Group (LSE: BEG) also looks like one of the best stocks to buy in today's economic climate. The insolvency specialist has a long record of yearly profits growth behind it, a result of the company's ongoing (and ambitious) acquisition strategy. I'm tipping earnings to continue rising strongly as Britain's economy worsens.Unfortunately insolvencies are rising fast as inflationary pressures increase and the end of financial support from furlough schemes bites. The Insolvency Service says that the there were 1,560 corporate insolvencies in January, up from 1,488 in December. January's number was also more than double that recorded in January 2021.Recent trading updates from Begbies Traynor's services also illustrate the increasing turbulence facing British firms. Revenues soared 39% in the six months to October, latest financials showed. Encouragingly the company has continued to build the business to capitalise on this fertile environment. In January it snapped up Daniells Harrison Surveyors for a fee that could rise to £2m.It's true that Begbies Traynor operates in a highly-regulated environment. This means profits could suffer badly if new laws come into effect. But at current prices I still think it's an attractive UK share to buy today. It trades on a forward PEG ratio of just 0.5. A 2.8% dividend yield meanwhile offers an extra sweetener for an investor like me.

[daneswooddynamo] 16/2/2022 12:10

Been buying more myself, insolvencies appear to be heading north

[santangello] 16/2/2022 11:37

Bouncing off support nicely.....ahead of next months Trading Update. Once upward trend breaks 122p, I shall resume buying larger tranches and treat the same as an upward price confirmation. This is just technical observance, not even taking into account of how strongly the company has (and expectedly) continues to perform.

[topvest] 13/2/2022 20:38

Oh yes, there's been a bit of coverage on this in recent days: https://www.forbes.com/sites/simonmoore/2022/02/11/the-yield-curve-could-invert-in-2022-heres-why-that-spooks-markets/?sh=728e5b34112c

[topvest] 13/2/2022 20:30

Are we heading for another recession? Yield curve looks like it may invert in a few months, which is normally a strong indicator of a recession 6m thereafter! hxxps://fred.stlouisfed.org/series/T10Y2Y Any thoughts?

[tole] 06/2/2022 10:23

https://www.fool.co.uk/2022/02/06/2-of-the-best-growth-stocks-to-buy-today/One of the best counter-cyclical stocks to buy?Unfortunately the cost of living and operating a business in Britain is rocketing. It's a scenario that threatens to send the number of corporate insolvencies through the roof. So I expect demand for financial services business Begbies Traynor Group (LSE: BEG) to remain strong.The Federation of Small Businesses (or FSB) commented last month that "thousands of small businesses are on a knife-edge" following a tough Christmas period. It looks like things could continue to get worse before they get better, too, as energy prices increase and interest rates rise. As the FSB notes, Bank of England action this week "will heap pressure on many indebted businesses".This is particularly concerning as corporate insolvency rates are already ballooning. Government data shows that there were 1,486 such insolvencies in December, up 20% year-on-year and 33% higher from levels recorded in December 2019.It's no surprise that City analysts think Begbies Traynor - which provides insolvency services and other support to distressed firms - will remain busy. They're expecting earnings to rise 28% and 10% in the financial years to April 2022 and 2023 respectively. Stronger-than-expected economic improvement could hit these profit forecasts and dent my returns as a potential investor. I think it's a great stock to buy for my portfolio, but not just for the near term. Its acquisitions have delivered strong profits growth for the past half a decade, and the company remains committed to expansion through M&A activity.

[2bluelynn] 27/1/2022 17:27

Funny enough I'm big into RBGP who reported today . Exactly the same pattern drifted down and down I kept topping up as I couldn't understand why the drift . Reported today and up 15% as the company is 10% ahead of their projected profits on the quarter and a special dividend announced too next week . I see this in BEGBIES too I hold a lot and will be topping up as the company's fundamentals look good and at theseLevels look brilliant and with divi .Hold tight have the faith I'm sure nothing bad is happening we don't know about .

[route1] 27/1/2022 11:34

Considering the general state of the UKeconomy and the unique sector that BEGoperates within providing administration and insolvency services etc; I fail to understand the continuing decline in the share price.What am I missing here?Some clarification would be appreciated and helpful. Thanks.

[boonkoh] 26/1/2022 16:49

Would have picked up more myself too but I'm already maxed out in terms of my risk limits on a single share.The numbers next few months will speak for themselves. Insolvencies trend last 4 months:Sep21: - 4% vs 2YoY (Sep19)Oct21: +5% vs 2YoYNov21: +11%Dec21: +33%Anyone want to bet on such a strong trend with momentum? Forget about high growth tech shares. Its going to be high growth in the insolvency market this year.

[the bolton wanderer] 26/1/2022 15:13

Thanks. Well it fell again this morning so I bought some more. I'm still happy with this as a long term investment.

[spooky] 26/1/2022 08:50

Support around 115?

[spooky] 26/1/2022 08:48

Possibly a combination of a few traders selling the failure of support and recent director sales following the exercise of options.

[the bolton wanderer] 25/1/2022 21:15

Anyone know the reason for this weakness in the price? I added a few more to my holding anyway this afternoon.

[blue377] 17/1/2022 11:44

Not News you Like to hear But good for B.T. https://www.cityam.com/uk-construction-companies-collapse-in-their-hundreds-as-costs-rise/

[edmundshaw] 11/1/2022 18:26

Having fortunately top sliced at 145p, I have no such qualms. So I added some back at this nice price!

[boonkoh] 11/1/2022 15:23

Drifting again. I'd have picked up some more today, but am already at my max position size I'm comfortable with for Begbies.

[route1] 11/1/2022 11:06

Maybe a "good quality " acquisition.

[r2oo] 10/1/2022 11:57

Yep, certainly does.Considering the business they are in I would expect nothing less that bargain acquisitions.

[boonkoh] 10/1/2022 08:14

Looks like a good deal. 5x PBT, total cash consideration covered by earnings, and contingent consideration of £1.25m extra only kicking in if there is further revenue and profit growth.

[this_is_me] 10/1/2022 07:38

that looks like another good acquisition.

[r2oo] 06/1/2022 19:07

I think I may add tomorrow, all looking good and someone accumulating with 4 decent buys after hours.