Begbies Traynor Share Discussion Threads

[tayle] 15/9/2023 17:19

Scandal is this just speculation because the share price is going south rather quickly when the opposite should be true ?

[tayle] 15/9/2023 17:16

Scandal my heart won't take it, surely not given the professional businesses they represent. Savvy acquisitions,growth, tips galore, busy busy busy if the share price can't appreciate significantly when everything is in their favour,price forecasts 173 to 183! So why is it struggling ??

[belluci] 15/9/2023 13:52

I agree unloved sector

[aleman] 15/9/2023 12:15

August company insolvencies +19% on a year ago. Individual insovencies -11% but breathing space orders +19%.

[suetballs] 15/9/2023 11:29

Just an unloved share imo.
Suet

[route1] 15/9/2023 11:15

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 10:26

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 12:15

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 08:57

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 19:03

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 18:57

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 18:35

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

[suetballs] 11/9/2023 11:45

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 10:55

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 13:07

Good post!

[chessmaster10] 07/9/2023 12:34

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 17:22

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 16:45

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 16:37

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 16:13

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

[suetballs] 06/9/2023 16:03

This rapidly becoming a dog.
Suet

[adipsia1] 06/9/2023 15:41

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 11:19

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 08:28

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 08:19

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: