Begbies Traynor Share Discussion Threads

[the bolton wanderer] 05/4/2023 12:30

Well I have added this morning.I believe in the long term this is great value.

[lefrene] 05/4/2023 12:27

Markets and simple logic seldom seem to work. I agree, given that we are in a credit squeeze that's getting tighter, then one would expect a company like BEG providing insolvency services to be very busy, with good prospects of being even busier in the near future.

Perhaps the market wants to see good old fashioned metrics like solid profits, good margins and little or no debt, plus a reliable and growing divi? In hard times caution becomes fashionable and growth is not so attractive as to command a premium, it's solid value that's wanted.

But yes, with financial pain and misery all around and growing, you'd think BEG would have decent prospects.

[fozzie] 05/4/2023 12:18

A more progressive dividend policy would have attractions.

[daneswooddynamo] 05/4/2023 11:45

Poor shareholder register meaning too often it trades in a volatile fashion based on pa tip investors. Some instis won’t invest in companies where top management effectively control the company like here with Ric Traynor. But fundamentals remain very solid and value will out imo over next year or two as their business becomes increasingly busy

[fozzie] 05/4/2023 11:29

Bit of an enigma this one. Very successful business, recession proof one would think, acquisitive, fairly boring business but behaves in terms of share price like a volatile tech stock. Should be going gangbusters one would think but the share price falling. Not exciting enough in capital terms and the divi won't attract income seekers either.

[suetballs] 05/4/2023 09:37

We've being saying that for a while but still the share price is languishing.
Suet

[melody9999] 05/4/2023 08:42

end of govt support for business energy will not help those on the brink. would have thought BEG was in a good place right now

[steadyaway1] 04/4/2023 10:05

Avoids recession equals higher inflation / rates for longer, higher debt servicing costs and increased chance indebted firms need to refi, when a lot of alternative lenders are pulling out of the market. Higher rates will separate the winners from the zombies

[route1] 04/4/2023 03:24

The Jury is Out on whether or not there will be a recession in the UK this year; either way this will affect the Begbies share price, which despite all the recent acquisitions does seem to be languishing, what comes next?

[boonkoh] 30/3/2023 09:03

Normal service has resumed today. Maybe just a fat finger or botched large buy yesterday.

[podgyted] 29/3/2023 18:39

Loads of chunky algo trades so probably not a tip.

[daneswooddynamo] 29/3/2023 17:52

The small to mid end of the market where beg mainly resides appears increasingly busy. The stock probably needs a trading ahead of expectations announcement to launch a serious assault on the 150 level where there is a lot of resistance

[steadyaway1] 29/3/2023 17:35

more buyers than sellers? ?Big admin appointment yesterday, but wouldn't move it this much.

[boonkoh] 29/3/2023 16:12

Looks like tipped somewhere? Or is this a bid coming for the company?

[stevieweebie2] 29/3/2023 16:04

least its in the right bloody direction for once,not had a lot going North lately, usually deep south so im not too upset about it.

[shallwe] 29/3/2023 15:47

Strange happenings!

[melody9999] 29/3/2023 15:43

something going on??

[jeanesy] 28/3/2023 13:49

A very large trade gone through today that has not affected the price.

[gswredland] 22/3/2023 14:04

My BUY today at 125 at 13:31 shows up as a sell ON ADVFN

[petersinthemarket] 20/3/2023 10:24

To me, it looks like we have a very solid and well tested support at c124p, so I remain a confident holder.

[steadyaway1] 20/3/2023 10:04

This all looks like standard stuff. Rates go up, banks restrict lending, bad firms go pop, labour market loosens a bit, inflation comes down, rates come down, growth resumes with a standard over trading phase. This looks a bit of a goldilocks situation for BEG. Not so bad that the gov can't just let things go pop, and not sufficiently benign to stop the badly needed redistribution of capital to good firms. The post GFC reforms to make sure equity / bond holders suffer the pain and therefore pick sensible battles look to be working very well, and I'm sure there will be more lenders getting wiped out. Needless to say I remain a happy holder in this environment!

[suetballs] 18/3/2023 14:44

Thanks petersinthemarket.
Already hold av. lgen and phnx.
I'm not uncheerful - just very disappointed that a company like svb did not properly control its balance sheet. No doubt there will be others.
Suet

[suetballs] 11/3/2023 20:20

If svb can go bust so can a lot more companies.
As usual cash is king - what a mess.
Suet

[petersinthemarket] 10/3/2023 13:52

FWIW, on his website on 2 March 2023, Robbie Burns/NT was looking for trading shares and said that ''There are a surprising amount of trading ranges around that we uncovered. That is shares that regularly go from one point to another and back again.''

''Begbies Traynor we noticed has established a rough 128p-147p trading range. Pretty good prospects for this insolvency practitioner which reported on Tuesday. Begbies made a lot recently from the insolvency of Paperchase and seems bullish on more cases coming its way. Adjusted profits are expected to come in at around £20m so at the current rating it should at least head back up to the late 140s. Whether it can break through there though is the question. It made a small acquisition today.''

The implication was to try to buy close to 127p and sell in high 140s for a nice profit.