Begbies Traynor Share Discussion Threads

[jonesj] 18/9/2023 10:01

The AGM trading update is due tomorrow. I would be surprised if it is not at least in line.

[johndoe23] 17/9/2023 20:57

AGM Tuesday

[suetballs] 17/9/2023 17:55

Perhaps they’ll call in the liquidators!!!
Suet

[the bolton wanderer] 17/9/2023 17:30

Who knows what's going on.
The price is going down and hitting stop losses but it looks like someone picked up 300k the other day.
Let's see what this week brings and what is said at the AGM.
Maybe there'll be a profit warning!

[cravencottage] 16/9/2023 09:23

Not wishing to De-Ramp ( As I hold BEG)

The current weakness in share price could be that an open offer/Rights issue is on the way ( No mention in the recent RNS RE - Acquitional funding process or how much?)

News always filters through to the city boys prior to us mere Plebs..

Not necessarily a bad thing though as it will give BEG more fire power to continue picking up strategic geographical businesses' to compliment their portfolio.

This is just a hunch but in any case not long to wait from the horse's mouth..

[melody9999] 15/9/2023 22:36

I don't think it is the sector or the company because I feel trading is likely meeting if not exceeding expectations. Looking at the share register I suspect it is forced redemptions by one or more institutions causing the share price retracement. Close Brothers or Gresham House would be my prime suspects but could be others.

I don't often add to losing positions but thinking of making an exception here prior to the AGM because Begbies are an established business operating in favourable macro conditions at present.

[tayle] 15/9/2023 16:19

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

[tayle] 15/9/2023 16:16

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 12:52

I agree unloved sector

[aleman] 15/9/2023 11:15

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

[suetballs] 15/9/2023 10:29

Just an unloved share imo.
Suet

[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.