Begbies Traynor Share Discussion Threads

[steadyaway1] 09/3/2023 10:34

Some decent prepack admin appointments in the past few days. Cox & Cox and Darko Environmental. Looks like Begbies is making good headway on its intended strategy of winning more admins (but not reliant on them like FRP).https://www.furniturenews.net/news/articles/2023/03/36393724-cox-cox-sold-pre-pack-dealhttps://www.expressandstar.com/news/business/2023/03/07/39-jobs-saved-as-firm-sold-out-of-administration/

[rob762243] 08/3/2023 15:04

Who knows but I've bought more at this price, it's far to cheap

[tayle] 08/3/2023 14:19

Given all the positive news in general about BEG I can't believe the share price is languishing where it is. I've a significant holding in this share and with present economic conditions fully expected it to push on.I have seen comments in the past about share price manipulation and tree shakers, scratching my head here?

[suetballs] 08/3/2023 08:28

frp having a tough time too - but beg shouldn't be tarred with the same brush - we are different.
Suet

[podgyted] 07/3/2023 18:16

Not sure about that - volume high (twice average).

I note The Naked Trader said in his latest diary (3 March):-

"Begbies Traynor we noticed has established a rough 128p-147p trading range." His latest trade (17/2) had a 123p stop-loss on it.

People who follow him may have started to sell out when it started to retreat from the high 130's recently - and these things can snowball.

Just a thought/speculation.

[cravencottage] 07/3/2023 17:50

Hmm.

Possible manipulation/underhand tactics to create market volatility.

I seem to remember this happening 2-3 years ago with BEG and this is a reason why several fund managers don't touch aim stocks.

[jeanesy] 07/3/2023 15:54

Further weakness being shown here this afternoon. Any particular reason i wonder ?

[mayers] 02/3/2023 16:12

Seems this is becoming a trading stock from the 120p level.

[zangdook] 02/3/2023 11:57

£0.4m outlay for £1m annual fee income? I'd like some of that.

[steadyaway1] 02/3/2023 11:26

I'd rather good deals than big deals. Hopefully these sorts of deals are farmed out to subsidiaries to transact and integrate, e.g Edisons in this case, instead of taking up too much board level time. Slowly slowly accretive monkey

[boonkoh] 02/3/2023 08:37

Attractive terms, but so tiny. Management are wasting their time on such small incremental M&A. Need to go bigger to drive EPS growth.

[edmonda] 02/3/2023 07:47

Another attractive add-on deal at BEG buys surveyors/property auction firm Mark Jenkinson for £0.4m cash. Bolsters the Group nicely in S Yorks.

[edmonda] 27/2/2023 14:17

"Positive Q3, forecasts on track" (new research report with audio summary)

Link to research note:

BEG’s positive third quarter update (to end January 2023) was another confirmation of the inherent resilience of a broad services offering which includes business recovery, financial advisory, and property services consultancy. The detail included continuing good levels of new insolvency work, particularly administrations, and market share appears to be building.

The overview is encouraging. Business recovery & financial advisory trade in line with expectations as this division works through a good pipeline of engagements. Property advisory & transactional services division is also performing well and in line with expectations. It is supported by resilient income streams and a continuing flow of new instructions.

Recent UK Insolvency Services data tracks growth in the market overall and we note that numbers flattened out somewhat over the last couple of months and administrations remain below historic levels. That broadly matches our view and the assumptions for our forecasts, which anticipated a long haul rather than a rapid recovery.

BEG’s Q3 financial performance was in line with the first half and the outlook is unchanged. The statement expressed confidence regarding delivery of full year market expectations and on that basis we have maintained our full year forecasts. Our existing 175p/share fair value is fully underpinned by the outlook for organic growth.

[daneswooddynamo] 27/2/2023 13:58

Beg is small to mid end of market mainly, frp mid to large. Evidence at this stage suggests the larger end of the market has still to fire up whereas lower end is pretty busy

[the bolton wanderer] 27/2/2023 13:43

Steady as they go and giving no reason for the recent fall.
I'm hopeful of being back up towards 1.50 in a couple of months.

[steadyaway1] 27/2/2023 07:08

Reads more positively than FRP's update... straight down the line

[steadyaway1] 24/2/2023 15:29

Late Feb per previous RNS

[chessmaster10] 23/2/2023 10:34

Are we due a trading update? Feb 22nd last year I believe.

[tightfist] 17/2/2023 08:22

Apparently AIM Investor sold-out on 10th Feb, banking a 73% profit. Not sure how much sway they hold; others may have followed in view of the overhead Resistance level? tightfist

[steadyaway1] 16/2/2023 10:55

Could be the prospect of a downgrade. Demand has held up well in the face of higher costs on the back of excess savings from covid. Excess savings are forecast to be gone in Q3 this year, and insolvencies are climbing rapidly before that. I see the UK as having deeper structural issues, rather than cyclical, so very relaxed on this one. FRP looks a bit more creaky, given the lumpy nature of its revenue and higher cost base.

[pugugly] 16/2/2023 09:53

So why falling and falling if inflation pressures - especially wages going to hit smaller businesses in the retail and hospitality sectors - The bread and butter of their business -

[route1] 14/2/2023 04:00

We live in hope and more importantly hope that Begbies will benefit from the Hopeless UK economy.

[mayers] 13/2/2023 14:25

It has had 7 attempts at breaking the resistance at 148p, so perhaps a fall such as this may invite investment.

[rimau1] 13/2/2023 09:06

Yep, i read it as a veiled warning requiring some lumpy deal closures to close before year end if they are to be “broadly”; inline.

[steadyaway1] 13/2/2023 08:50

FRP had a pretty average update out this morning