Begbies Traynor Share Discussion Threads

[route1] 28/8/2023 03:34

Surprised to see that they didn't get the Wilko instructions which I believe went to PWC.Nevertheless, I would imagine that their head office together with all their other offices nationwide must be "snowed under " with work, which must be good news for the share price going forward.

[aleman] 24/8/2023 14:06

Shares Mag:
Shore Capital's Vivek Raja suggests there is upside risks to his earnings forecasts due to the firm's increasing involvement in administrations which, although they take longer than liquidations, are twice as profitable. With the Shares trading on a current year P/E ration of just 12 times, versus a five-year average of 16 times, "this discount looks wrong given the current business tailwinds and positive outlook", says Raja.

[aleman] 24/8/2023 11:53

CBI retail and wholesale survey balance slumps to -44 from -25 last month and -9 the month before. Since 1982, it was only (slightly) lower than this level in The Great Financial Crash and Covid.

[aleman] 22/8/2023 15:49

The CBI industrial trends survey looks terrible. Manufacturing's -19% balance on output volumes is straightforward recessionary and down from +3% for the 3 months to July. To drop May out and put August in and get a fall of 22% with the same figures for June and July in the average suggests an appalling 66% drop between May and August. It's not like things were rosy in May.

[aleman] 18/8/2023 10:24

UK retail sales VOLUMES have been negative for 16 consecutive months. (-3.2% in July v last July, itself -3.9% versus July 2021) The current bad run is about twice as a long and twice as deep as 2008/9. It's no wonder there are empty shop units everywhere (and summer traffic is lighter than normal up North) . Small retailers are struggling badly and there's no end in sight as yet. I'm wondering why insolvencies are not higher even though they're rising. I'm not wanting this though. I'd rather see the B of E moderate. They're doing too much damage. Unemployment is up from 3.5% to 4.2% in 10 months and 1 in 7 males aged 18-24 is unemployed yet they think we're not in recession. I think they need to review their GDP numbers. I expect they'll get revised down.

[the bolton wanderer] 17/8/2023 21:09

I'm buying a chunk of these every couple of months or so.
If one of the directors was happy to buy £80k's worth at £1.29 then I'm happy to buy at a price lower than that.
But taking the long term view I think these will hit £1.40 again possibly after the next trading update.

[daneswooddynamo] 17/8/2023 09:47

A lot of resistance technically at late 140s. The market needs to see a trading above expectations announcement to get it going again which is entirely possible given that the interest rate rises of the last six months will only now be starting to bite for many businesses, let alone the zombie situations which have been kept on life support whilst rates were so low

[tayle] 17/8/2023 09:37

Thought this would *fly* given the economic environment and any tips that I've read are positive ?

[pottsypotts] 17/8/2023 09:16

Had exactly the same thoughts but not sold out yet

[aeonflux] 16/8/2023 15:24

Bought this around about this time last year with the idea that the economy would get worse which would be good for Begbies but it's just not materialised and the shares have gone sideways and slowly trended down. I'll keep this on my watchlist for when the trend starts to change but for the time being I've sold out of this. Good luck everyone and I hope this turns around for you.

[rovi70] 15/8/2023 13:08

It was tipped by midas bound to go down!!!!

[stevieweebie2] 15/8/2023 13:01

its beyond me... would love to know why, please dont say general sell off.

[johndoe23] 15/8/2023 12:59

With all the uncertainty and this is falling again

[aleman] 03/8/2023 12:04

Darren Power, credit insurance and insolvency expert at Atradius UK, which provides credit insurance to companies, warns that the UK is already ‘on the edge of recession’, without another rise in borrowing costs.

Ahead of the Bank of England’s interest rate decision in 15 minutes…. Power says:

“After last week’s positive inflation rate news, I’m sure many of us were hoping that interest rates would follow suit. After a tough couple of years for businesses and consumers, the news that the Bank of England is likely to raise rates to a 15 year high – potentially as high as 5.5% - won’t be welcome. But the reality is that the inflation rate remains high, and so a 14th consecutive increase is unfortunately very likely.

“The government is ultimately teetering on the edge of recession, and we are all feeling the pressure. Our own data shows firms are already struggling with cash flow, with claims for late and failed payments continuing to creep up across the board with claims received in the second quarter of 2023 increasing 24% year-on-year.

These late and failed payments are one of the earliest warning signs that a business is at risk of insolvency and the increase indicates that there are still challenges ahead for businesses – coping not only with inflation and interest rates but the continued effects of the pandemic and supply chain issues adding to the burden.

[johndoe23] 30/7/2023 08:24

Tipped in Midas column yesterday

[amanitaangelicus] 26/7/2023 09:18

They just buy business. Simples. If they cant make a mint now, never will.

[bby88c] 25/7/2023 15:26

I have added some more but I am not expecting returns for some time but they can do well in this environment going forward.

[edmonda] 20/7/2023 13:49

Investor Presentation - video recording

Begbies Traynor Group plc (AIM: BEG), the professional services consultancy, conducted an Investor Presentation covering their final results for the year ended 30 April 2023.

Ric Traynor (Executive Chairman) and Nick Taylor (Group Finance Director) talked through the performance in their key business areas of insolvency, property advisory & transactional services, and also outlined their future plans. Management then answered a wide range of questions from the audience.

The full presentation video has been divided into chapters as below:
0:00:03 Introduction and results highlights
0:03:19 Financials
0:13:15 Strategic Review
0:25:52 Summary
0:26:45 Questions & Answers

Link to full video:

[bby88c] 18/7/2023 18:16

This should be a healthy few years for BEG, so I have bought a few.

[aleman] 18/7/2023 16:49

Media are adding monthly insolvencies together and reporting that Q2/2023 had the highest quarterly corporate insolvencies since Q1/2009. (And then also report we're still looking at another 0.5% rate rise next time.)

[aleman] 18/7/2023 12:40

The deteriorating trends in company insolvencies continue in England and Wales, Scotland and, to a lesser extend, Nothern Ireland.

The IVA trend moderated a little but 37% more Breathing Space orders and higher debt relief orders and bankruptcies suggest the underlying trend for individuals is still getting singificantly worse.

[boonkoh] 18/7/2023 11:16

Latest Insolvency stats out. Compulsory liquidations up 20%+ in June YoY. If this holds should infer good organic growth for Begbies.