Begbies Traynor Share Discussion Threads

[bigdogawoof] 26/5/2023 18:35

In the FT today:In a sign of a tightening credit squeeze in the US, more large companies are sheltering in bankruptcy court as interest rates rise. Eight companies with more than $500mn in liabilities have filed for Chapter 11 bankruptcy in May, with five filing in one 24-hour period last week.

[this_is_me] 25/5/2023 12:29

revenue doubling in 5 years makes it a growth stock.

[steadyaway1] 25/5/2023 10:30

My take of this stock is a lot of holders are planning to flip out as economic growth resumes into racier stocks, so as price goes up a lot sell, hence the range trading. Looking at the valuation multiples it's rich for a professional services business with a relatively low yield. However 1) it has shown good growth / profit resilience through cycles with ability to use M&A well and 2) this offers negative beta (albeit not in the short term!) so massively helpful for AIM IHT portfolio diversification within a buy and hold portfolio. Buy on the dips and top slice at the top of the range. Everyone else is! And if it doesn't range top, it's a solid hold.

[this_is_me] 24/5/2023 21:42

hxxps://masterinvestor.co.uk/equities/small-cap-catch-up-totally-begbies-and-wincanton/?mc_cid=06f14fb0f9

Begbies Traynor Group (LON:BEG) – Guiding Higher
Well, it is good to know that someone is enjoying the current economic environment.

And this business recovery, financial advisory and property services consultancy group is certainly doing just that.

Earlier this week the company’s Pre-Close Trading Update guided the market that its trading year to end April 2023 was going to show better than expectation results.

It led investors to expect double-digit growth over the previous year, with revenues of at least 11% higher at £122m and a 16% improvement in adjusted pre-tax profits to some £20.7m.

Analysts Vivek Raja and Jamie Murray at Shore Capital Markets note that the guidance was 2% better than consensus hopes.

They have revenues estimated for the current year to end April 2024 of £129.3m, with profits of £22.5m, worth 10.6p in earnings and more than double covering an estimated 4.0p dividend per share.

For 2025 they see £136.9m sales, £24.4m profits, 11.3p earnings and a 4.2p dividend.

The shares, which have been up to 156p in the last year, closed last night at 131.5p, which is about right based on recent statements.

The full 2023 results should be published on 11th July, which may then give more confidence to the upward hopes for the £203m group’s shares.

(Profile 24.11.19 @ 85p set a Target Price at 110p*)

(Profile 21.04.20 @ 93p set a Target Price at 110p*)

[johndoe23] 24/5/2023 11:21

Surprised to see drop back, I know markets are suffering today, but..

[steadyaway1] 23/5/2023 15:48

Marginal upgrade, whilst admin levels are still below pre pandemic...

[topvest] 22/5/2023 20:16

Only a marginal upgrade but good news all the same. They continues to deliver.

[aleman] 22/5/2023 15:38

This is the USA - but I think we are not far behind. And there are further rate rises to be digested that have happened during this period.



S&P Global Market Intelligence recorded 54 corporate bankruptcy petitions in April, a drop from 70 in March. Those fresh filings have pushed the year-to-date count to 236, more than double the comparable figure a year ago and higher than any of the prior 12 years.

[the bolton wanderer] 22/5/2023 11:30

I bought some last week and I'll get some more later this week especially if the price stays this low.
Happy to increase my holding as I fully expect to see £1.50 later this year.

[suetballs] 22/5/2023 11:13

Yes disappointing.
If the share price won't rise in the current climate - that's not great.
Looks like we could do with a takeover.
Suet

[shallwe] 22/5/2023 10:46

Usual thing with this company, great trading update, share price goes down!Hopefully just a little shake, but it is a little longer than wanted :-(

[edmonda] 22/5/2023 07:58

Yes - trading update from BEG anticipates FY'23 nicely ahead of Equity Development forecasts: revs seen 11% ahead and adj. PBT +16%.
Outlook for growth is confident which underpins ED's retained 175p / share fair value.

You can read/hear new note here:

[this_is_me] 22/5/2023 07:31

Things are going well.
"Results expected to be ahead of market expectations* which represents double digit growth on the prior year"

[the bolton wanderer] 21/5/2023 10:14

Hopefully we will see a decent trading update in the next couple of days.

[steadyaway1] 15/5/2023 11:26

19 May last yr

[the bolton wanderer] 15/5/2023 11:12

Am I right in saying we are due a trading update in the next week or so?

[steadyaway1] 15/5/2023 09:16

FRP ahead of expectations (rather than behind..ish, as previously flagged) due to high liquidations volume (BEG core) with a recent increase is admins. BEG largely unchanged. I'm still trying to figure outwhat moves this stock...

[route1] 04/5/2023 10:01

Can anyone confirm the payment date for the Interim Dividend.Thanks.

[edmonda] 04/5/2023 07:49

Looks another nice fitting bolt-on.

BEG has built quality and scale organically and via value-accretive deals: buying Banks Long & Co ticks the box

Equity Dev holds its forecasts until FY trading update, expected later this month, and retains its 175p/share fair value. Read in new note here:

[cravencottage] 27/4/2023 12:26

This is more like it :-)

[suetballs] 24/4/2023 14:20

More pain on the high street - Prezzo to close a third of its restaurants.
Suet