Begbies Traynor Share Discussion Threads

[stevieweebie2] 13/4/2023 16:29

Director buys.....

[ny boy] 13/4/2023 07:24

Music to my ears.. corporate failures mounting, is going to be a very difficult year for many Companies starved of cash

Looking to buy in around current levels

[cravencottage] 06/4/2023 20:49

Good spot Wiltowin.

On another note as well as BEG going XD today Naked Trader had a stop loss on BEG at 122p so that would have created a drag.

[wiltowin] 06/4/2023 20:14

Obviously not a big payday but the fact it's on the BBC website is good advertising for Beg..

[wiltowin] 06/4/2023 19:57

From BBC business news today,

A retail company trading as Forever Unique has gone into liquidation, an insolvency firm has said.

Begbies Traynor said every option "had been explored but there was no other choice" but to liquidate Dress Me Online Limited.

Forever Unique, founded by Seema Malhotra who appears on ITV's The Real Housewives of Cheshire, was trading as normal, the firm said.

The BBC has approached Forever Unique for comment.

Amie Johnson, insolvency director at Begbies Traynor, said: "A combination of the economic climate, inflation and issues in recovering from the pandemic have resulted in these circumstances.

"Creditors have been informed and we will keep them up to date with progress."

Begbies Traynor said the company employed 21 people and according to its latest set of accounts turnover was £2.3m to December 2020.

The Forever Unique brand and website remains fully operational, trading as normal and is fulfilling orders, the firm added.

[gswredland] 06/4/2023 15:52

Thanks craven

[cravencottage] 06/4/2023 12:10

Beg has gone XD today..

May explain the share price weakness

[route1] 06/4/2023 07:37

Yes, well we're all waiting and watching for the share price to travel north; so far bearing in mind all the acquisitions in the recent past the share price is disappointing.

[wiltowin] 06/4/2023 07:18

Bought in here few days ago seems a solid proposition for my portfolio.

[the bolton wanderer] 05/4/2023 11:30

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

[lefrene] 05/4/2023 11:27

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 11:18

A more progressive dividend policy would have attractions.

[daneswooddynamo] 05/4/2023 10:45

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 10:29

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 08:37

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

[melody9999] 05/4/2023 07:42

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 09:05

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 02:24

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 08:03

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

[podgyted] 29/3/2023 17:39

Loads of chunky algo trades so probably not a tip.

[daneswooddynamo] 29/3/2023 16:52

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 16:35

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

[boonkoh] 29/3/2023 15:12

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

[stevieweebie2] 29/3/2023 15:04

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 14:47

Strange happenings!