Begbies Traynor Share Discussion Threads

[petersinthemarket] 21/4/2023 13:55

You can find NT on
hxxps://www.nakedtrader.co.uk/
(obviously replace the 2 X's with T's)

[cravencottage] 21/4/2023 13:35

What did NT say?

Cheers.

[petersinthemarket] 21/4/2023 13:10

Highly likely John - see my note on this thread 10march/#3554
As I hold, I hope he has given it a bit of a boost.
pete

[johndoe23] 21/4/2023 11:53

Wonder if this is consequence of being mentioned by NT yesterday..

[cravencottage] 21/4/2023 10:11

Up she goes!

[aeonflux] 19/4/2023 13:09

Hope so as this has been a very disappointing holding in my portfolio. I agree with you though that it's going to get worse out there for businesses which can only mean good things for Begbies.

[chessmaster10] 19/4/2023 12:57

I think all we need here is patience.

Covid spending took off in mid-2020
inflation took off mid-2021
interest rate hikes took off mid-2022
Recession and insolvencies... will take off mid-2023, IMO

I think we're starting to see that happening, and if it does, Begbies will win a lot of business.

They have been expanding the businesses and should benefit from that as the insolvencies increase. I expect the share price to break the 150p resistance and push on to 200-250p in time, IF they execute on the opportunity.

It's not a "hold forever" share, but i expect the cyclic peak is yet to come.

I'm holding.

[aleman] 18/4/2023 15:39

When you consider that normal going back two decades is about 4000 per quarter, a jump to 2500 in one month is pretty big and would more befit a recession than weak growth. I think higher interest rates and energy bills have started killing off the infamous "zombies".

The jump in insolvencies also coincides with a few profit warnings in the consumer sector - SuperDry, Dr. Martens, Quiz - so I doubt it's a one-off spike. Also note the "new breathing" space orders, that are effectively a lead indicator. Their rise from about 6000 to over 8000 in the last year also suggests March will probably not be just a one-off spike.

[robertsjj] 18/4/2023 15:17

front page of sky news business today “business insolvencies at post-pandemic high” 16% leap in the number of corporate insolvencies last month.

[cravencottage] 17/4/2023 16:02

Another director buy..

50k.+....None too shabby!

[shauney2] 15/4/2023 23:41

OMG the sage of ADVFN is on the thread.I will wait with bated breath for is buy signal to as and when to buy back in.

[ny boy] 15/4/2023 09:21

Haven’t bought in yet but keen to try for a bit lower around 100p if possible

[cravencottage] 14/4/2023 18:26

At these prices I don't think you can go far wrong (Famous last words)

Here's hoping for a good TS in May.

[wiltowin] 14/4/2023 17:54

Took another chunk of these today as they're a money making machine going forward imho.

[davr0s] 13/4/2023 18:06

We own these in the invest club - for over 10+ years on and off. Trouble is central banks refuse to let zombie companies go to the wall

[cravencottage] 13/4/2023 17:56

well hopefully this puts a floor under the share price

[stevieweebie2] 13/4/2023 17:29

Director buys.....

[ny boy] 13/4/2023 08:24

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 21:49

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 21:14

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

[wiltowin] 06/4/2023 20:57

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 16:52

Thanks craven

[cravencottage] 06/4/2023 13:10

Beg has gone XD today..

May explain the share price weakness

[route1] 06/4/2023 08:37

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 08:18

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