Begbies Traynor Share Discussion Threads

[hubs] 19/6/2022 17:03

BEG could have momentum this week for all-time highs, and a Golden cross...hopefully enjoy all!gla.

[bwana4] 17/6/2022 15:13

Well ' apart from K3C shares falling nothing more to report !!
BEG doying it's own thing and about time too. I can see 150 broken before tòo long. NAI.
GLA.

[steadyaway1] 17/6/2022 13:00

Apart from the FRP placing, is there anything new out behind the rise?

[hubs] 17/6/2022 10:52

Thankyou Bwana! enjoying this bit of blue in an awful week...managed to take some profit on FRP before the placing, (although the effects of that I think will be short lived). This one in particular looks a good bet for a few months yet.gla.

[bwana4] 17/6/2022 10:17

Hubs, let's hope we do well here.
GLA.

[adipsia1] 17/6/2022 10:09

Looks like the assault on 150 is underway.

[hubs] 17/6/2022 09:50

Moving averages are looking good...:)
And someone buying in 2.5k blocks earlier...

[2bluelynn] 17/6/2022 09:43

At last a break out of the range ! Hope we close out of the range

[route1] 19/5/2022 12:18

Yup, begging for Begbies, that's if they are able to afford them at the higher SP, but at whatever price new investors buy in at theycan rest assured of further progress in the share price in view of the turmoil and continued mismanagement of the UK economy.

[route1] 19/5/2022 12:00

Hearty congratulations to all the team atBegbies.All the hard work, acquisitions, and high quality Management have attained these record results, which should be further enhanced by the BOE guvnor, who just yesterday stated that he has no strategy to tackle the upcoming recession , basically he's LOST the PLOT; all this from a man who is paid £575000. a year to do what exactly?Scary to know that him and the 2 individuals living at number 10 and 11 are in charge of our financial destiny!!!

[adipsia1] 19/5/2022 11:34

At this stage in the economic-cycle I think I'd sleep pretty well at night being 100% invested in BEG, FRP and K3C and investing more on the dips. It's hard to see things changing any time soon and once larger fee administrations kick in (which take time to digest and generate ongoing fee income) this should give some solid forecastable income for the next few years at least. Consider the £5.3m reported income for FRP from their Debenhams appointment which appears to be ongoing.

[suetballs] 19/5/2022 07:40

Update well received and will soon be back to the 140's.
Very pleased I hung on through the sell off.
Suet

[r2oo] 19/5/2022 07:38

Upgrades on back of positive year-end updateWe have upgraded our forecasts for the current year to 30 April 2022, post a year-end trading update which anticipates results 'comfortably ahead of market expectations'. Our upgrades comprise a 3.3% increase in revenue, 4.7% in Adjusted PBT, and reflect a full 12 months' ownership of the larger acquisitions secured during FY21 and just as important, their successful integration and strong performance during the period. Both divisions produced very positive performances. Revenue from Business Recovery and Financial Advisory was c 35% ahead, and Property Advisory segment revenue was c 19% higher. The group ended FY22 with £4.7m of net cash (FY21: £3.0m), after payment of £7.5m of acquisition and earnouts during the period. The core message, worth reiterating, is that BEG's growth is not predicated on recovery in the UK insolvency market. Its financial advisory and property services consultancy operations are substantial and complementary to its business recovery arm. This update and FY22e upgrades reinforce our view on underlying value and a deserved higher rating for the shares. Prior to detailed results due 19 July, we retain our long-held 165p / share fair value estimate.

[2vdm] 19/5/2022 06:50

Relieved to see the results, which confirms the sell off was overdone. Let's see what happens today

[edmonda] 19/5/2022 06:28

It does read well !

Equity Development upgrade forecasts for the year to end April ’22 and ahead of detailed results in July keep their fair value of 165p / share.

Full note and audio summary here:

[this_is_me] 19/5/2022 06:19

Great update; people will be begging for shares after that!

[kingjames] 18/5/2022 16:38

Didn't pick that up... explains the rise! Many thanks adipsia1

[adipsia1] 17/5/2022 12:24

Agreed concerning movement towards restructuring firms. Superb results from FRP today with their stock closing outside trading range and trending to new highs today.

[podgyted] 08/5/2022 09:11

According to the news (certain amount of speculation) the difference between the Morrisons' bid and EG is that the latter includes immediate repayment to the banks whereas Morrisons were offering repayment over a few years.

This seems to represent a hardening of the banks attitude as they are going to face some difficult questions over the pension liability from Government.

So I can see that this is just the start of a lot of zombie companies going into admin.

[kingjames] 06/5/2022 12:25

McColl's in admin. Per my mate in distressed PE, the wave of distress hasn't started yet, as banks / HMRC are still unwilling to pull the plug on bigger businesses, but suspects that can only last for so long.

[route1] 05/5/2022 14:14

Completely agree with that, especially after the rate rise today and the inevitable ones to follow , which in time should light a fire under the share price

[topvest] 29/4/2022 14:05

They are going to be rather busy for at least the rest of 2022 in my view. There are numerous headwinds coming in to play - almost certain we are going into a recession, hopefully a mild one.

[edmonda] 29/4/2022 11:16

Covered in BBC Business section too :

[cirlbunting1] 29/4/2022 09:05

Interesting RNS. Portfolio tilt to corporate restructuring firms?

[stevieweebie2] 29/4/2022 08:13

Latest reg flag alert sees me buy back in this morning.