Begbies Traynor Share Discussion Threads

[route1] 15/9/2023 10:15

Scandal, ahead of next week, leaves me somewhat concerned.Do you have any idea of what this scandal might be, if indeed there are any nastieslurking?The share price should be flying right now bearing in mind the industry that BEG is in!

[boonkoh] 15/9/2023 09:26

Keeps dropping like a stone!Scandal to be announced soon? Trading can't have gone sour that quickly since the last update!Or is this due to the regulatory investigations into the Insolvency market?

[aleman] 12/9/2023 11:15

The big rise in UK mortgage arrears will could be a significant indirect driver of BEG business. Things feel to be snowballing a bit now.

[aleman] 12/9/2023 07:57

2017 dividend 2.2p. 2023 dividend probably 4.2p. Steady as she goes. Many other companies would be glad to have such a recent record. The dividend might double again in the next 7 or 8 years. If the dividend is finding it harder to compete with interest on cash at the moment, even if growth prospects might have improved a bit in the tough economic climate, then so be it. The company can't dictate the share price.

[fozzie] 11/9/2023 18:03

I have a few acquaintances who work for Begbies, they tell me they are just snowed under with work but they’ve been telling me that for years and the share price has done comparatively very little. Been on my watch list for at least three years and I should have bought when last in 80’s. They should be snowed under with work and the share price should be flying but isn’t. It doesn’t behave like a growth stock even though everything looks to be in its favour and it certainly isn’t an income stock with a paltry 3% dividend. Still on the fence.

[the bolton wanderer] 11/9/2023 17:57

This share appears too cheap now so I've picked up a few more.
Let's see what is said at the AGM.

[cravencottage] 11/9/2023 17:35

AGM next week and i'd expect a Trading Statement to accompany this..

[suetballs] 11/9/2023 10:45

melody - just the type of organisation I would expect beg to pick up.
Obviously very bad luck for H Mitton.
Now let's see if the beg share price improves towards the year end - otherwise I think I'm a seller.
Suet

[melody9999] 11/9/2023 09:55

H. Mitton Limited and certain connected entities, a Bradford-based mechanical and electrical group employing approximately 300 people, entered administration on 4 September 2023. Robert Maxwell and Julian Pitts of Begbies Traynor were appointed Joint Administrators.

[johndoe23] 07/9/2023 12:07

Good post!

[chessmaster10] 07/9/2023 11:34

BoE comments yesterday saying we're towards the end of interest rate hikes. Maybe one or two more to come.

If you consider Begs are fully valued around current prices, the question is 'how much worse is the UK economy going to get' ?

For me the investment case here is based on a lag between the interest rate hikes we've already seen, and businesses toppling over.

Perhaps the market thinks it's not going to get that bad, so results here aren't going to take-off in the next 6-12 months.

I'm still holding, but will likely reduce if we don't see a good bounce back in the share price

[jellypbean] 06/9/2023 16:22

Is this a reflection of the UK market which, tends to prefer cash payouts rather than growth. Or is Begbies blowing it's profits by overpaying for acquisitions at the top of this (counter cyclical) market.

Hoping it's the former, assuming growth isn't why folks bought this

[tayle] 06/9/2023 15:45

Looked at this earlier on, no thrills price been on a down trend, took a look at share price now down 7.52%. What's going on for it to move that much ? Scratching my head with this one it may be time to bail out if it doesn't improve, dead 💷!

[the bolton wanderer] 06/9/2023 15:37

It seems a large drop on little volume unless a large sale goes through after hours.
Maybe the market is spooked by no mention of the price for their latest acquisition.

[chessmaster10] 06/9/2023 15:13

What's going on today? No RNS... odd.

[suetballs] 06/9/2023 15:03

This rapidly becoming a dog.
Suet

[adipsia1] 06/9/2023 14:41

There was no way that Begbies would be chosen as Administrators over a company the size of Wilko. That type of restructuring would always go to the likes of PwC, Interpath, Teneo or FRP.

[zangdook] 05/9/2023 10:19

There's no mention of the price paid in the RNS. How is the market to judge whether it's good value?

[route1] 05/9/2023 07:28

I'm sure this is another sensible bolt on,just like all of last year's acquisitions; it is just a pity that none of them are being reflected in the share price.

[edmonda] 05/9/2023 07:19

Another sensible bolt-on for BEG as it adds Jones Giles & Clay to bolster its leading position in business recovery + insolvency in S Wales ✔️

IDeal is in line with group's organic and acquistion growth strategy as laid out at last results' note:

[route1] 28/8/2023 02:34

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 13:06

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 10:53

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 14:49

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 09:24

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.