Begbies Traynor Share Discussion Threads

[steadyaway1] 08/8/2022 14:59

I assume FRP has a higher cost base, geared up towards administrations rather than liquidations, so I'd hope FRP are getting the lion's share, and any for Begbies are cream on top. But I'm no expert on FRP...

[hubs] 08/8/2022 13:46

After a couple of months of hanging around 140, maybe we're on the move now. There's certainly nothing negative about this share at the moment...gla.

[adipsia1] 05/8/2022 10:00

Well worth signing up with insolvency-insider.co.uk for market statistics relating to insolvency appointments... especially if you hold FRP, BEG or K3C. FRP currently moving well ahead of competition in terms of Administration appointments.

[steadyaway1] 04/8/2022 09:28

A quick google news search for Begbies administrator certainly shows activity levels are certainly picking up!

[blue377] 02/8/2022 12:13

Not good for a lot of Companies but should be for BEG

[jonesj] 25/7/2022 08:50

This acquisition looks like very good value no matter how I calculate it.

Initial: £4.5m for £1.2m of earnings. A very low PE ratio
Total, if all targets are met, £18m, but assuming linear growth, that's about £4.6m of PBT in year 4. Still a low PE ratio.

This looks like one of Begbies cheaper acquisitions.

(Also far far cheaper than certain other acquisitions RNS'd today)

[edmundshaw] 25/7/2022 07:59

An interesting and somewhat unusual acquisition. The terms are heavily weighted to significant growth in PBT over the next few years; the deal looks in the medium term to be very beneficial if the growth is strong, and conservatively funded if less so.

[edmonda] 25/7/2022 07:45

New deal builds on successful 2021 acquisition (new note from Equity Development)

BEG has rapidly followed up announcement of its strong FY22 results with the acquisition of London-based property finance brokerage Mantra Capital. The terms of this latest transaction, which like previous deals is expected to immediately enhance earnings, include a £4.5m upfront payment (£4m cash / £0.5m shares) and a potential £13.5m earn out (cash & shares mix) subject to material profit growth in the next four years under ownership.

Mantra will join MAF Finance Group (acquired May 2021) to form BTG Funding Solutions, a national finance brokerage with complementary sector expertise. Its FY21 revenues were £4.2m, normalised pre-tax profits £1.2m (reported on the same basis as the group).

We have adjusted our forecasts for the contribution from Mantra this year, use of cash and new shares issued. This transaction underpins our view of fair value at 175p / share now equivalent to 17.5x FY23e PER, and still based on a relatively conservative view of entirely organic growth.

Link to note & audio summary:

[tomps2] 21/7/2022 09:08

Begbies Traynor (BEG) Full Year 2022 results presentation - July 2022

Begbies Traynor management Ric Traynor, Executive Chairman and Nick Taylor, Group Finance Director, present results for the year ended 30 April 2022.

Watch the video here: www.piworld.co.uk/company-videos/begbies-traynor-beg-full-year-2022-results-presentation-july-2022/

Or listen to the podcast here: piworld.podbean.com/e/begbies-traynor-beg-full-year-2022-results-presentation-july-2022/

[2bluelynn] 20/7/2022 11:56

I bet this drops to fill the gap on the chart at 1.28 ish really surprised after the great results

[2bluelynn] 19/7/2022 22:08

Please explain top vest Thank you in advance

[topvest] 19/7/2022 21:28

Yes, all going well at the moment. Well set for the inevitable liquidation deal flow in H2.

[martinthebrave] 19/7/2022 09:38

Added on the dip today. I view it as an unexpected opportunity. Results read well imo.

[melody9999] 19/7/2022 08:54

Just topped up at 140.something. Churlish not too!

[this_is_me] 19/7/2022 08:23

It certainly gives the impression of a company doing well and with an excellent growth strategy.

[edmonda] 19/7/2022 08:03

Agreed - strong FY22 results announced, well ahead of original market expectations, plus a good start to new FY.

New research out from Equity Dev with fair value raised to 175p/share, read it here and NB management present by webinar on Wed 27th July:

Note:

Webinar registration:

[bwana4] 19/7/2022 08:02

Good morning all.
Hubs I hope you are very happy here. ATB all.

[hubs] 19/7/2022 07:55

Great results, as expected. Charts are still looking good, recent golden cross and it looks like the Macd lines are suggesting another period of share price growth after a little while of consolidation. Gla.

[2vdm] 19/7/2022 07:47

Agreed and I'm well positioned here. Will consider buying more if we see a dip later today after any profit taking. Plenty of headroom from here.

[rimau1] 19/7/2022 07:27

Yes, pleased with that. No surprises, the deferred tax adjustment reflects the liklihood of 25% corporation tax next year and most importantly the 2023 guidance looks very very conservative leaving plenty of room for a September upgrade. Tuck these away and sleep well at night. No one should be fooled by a bear market rally!

[bonzo1975] 19/7/2022 07:15

Final results for the year ended 30 April 2022Strong performance with results comfortably ahead of original expectations

[bwana4] 18/7/2022 16:10

Rimau1, I agree completely.
The presentation is on the 27th by the CEO.
Are they going to give the share price time to climb and give it the final kick by the presentation ?
I am sure tomorrows statement will be bullish.
I am also holding FRP their results are on the 22nd.