Begbies Traynor Share Discussion Threads

[mrmarriat] 21/10/2023 08:24

Look at all the share issues the company has made in the past few weeks diluting the share price. That's what's going on.

[ny boy] 19/10/2023 08:20

Just dropped in, weird chart action, surely a takeover target soon, target 100p, looking to take another holding soon, sold years ago 2017/2018 from memory.

Like many U.K. stocks many have been badly beaten up.

[route1] 10/10/2023 08:37

Based on your comments, would you expect a breakout to the upside to occur shortly?Even as you say a retrace to 88p may also be possible, which leaves me wondering whether this company is on an uptrend or a downtrend?

[tayle] 09/10/2023 21:35

Poised for stellar growth,lots of new business, perfect storm for nature of business, offers defensive growth and potential earnings upgrade at reasonable prices.

Double digit (up to -27%) decline underperformed the wider market,resilient businesses perfect storm not fully materialised yet, growth expected (??) to deteriorate between now and 2026, difficult to evaluate.

Article IC is this why the price is going down by the week, soon retrace to 88p at this rate.

[route1] 09/10/2023 08:54

The share price performance is baffling to say the least.Regrettably and sadly the sudden outbreak of war in Israel at the weekend is not likely to improve business sentiment or confidence either nationally or internationally, especially if oil prices spike or the conflict widens, letting the inflation genie run wild.

[tayle] 03/10/2023 20:44

The share price is inversely proportional to all the positive news, I've said it before scratching my head with this one. Good job the news and recommendations are on the positive side or else it would be at 50p !

[dennisbergkamp] 03/10/2023 18:07

What is going on here?

Seems so low and friendless
D

[bend1pa] 03/10/2023 16:26

Sp down to an 18 month low now. Be interesting to see if 100p holds. BEG should be thriving under the current economic climate, but the market suggests otherwise.

[earwacks] 30/9/2023 10:37

I can see this being of interest to an American investment group , they just love to buy brit companies cost strip and screw them up!ex divi in a matter of days.

[johndoe23] 28/9/2023 12:46

Yes, no effect here

[daneswooddynamo] 28/9/2023 08:08

Decent update from frp today with effectively upgraded expectations

[johndoe23] 27/9/2023 14:31

Signs of life

[route1] 20/9/2023 04:48

It's always a possibility.Get out whilst the going's good, as they say.Other factors may also be at play here, such as the CEO, and other board members considering or eyeing their retirement.It must certainly look attractive to other companies in the sector, who would like to acquire the overflowing instructions book, with the amount of insolvency's and administrations snowballing by the minute.This situation is not likely to change anytime soon, with the UK business sector descending into utter turmoil.A possible benefit of a takeover could be that the buyer/ company is listed on the Footsie 100/250, rather than AIM , as at present.These remarks are all just possibilities , and are aremade without prejudice.

[the bolton wanderer] 19/9/2023 16:41

There was no mention of a scandal,profits warning,senior management retiring, inquiry in to insolvency practices or a lack of growth.
It's just in an unloved sector at the moment but it would be ironic if because of it's relatively low valuation that it becomes a takeover target for someone.
I don't think it will but stranger things have happened in the market.

[johndoe23] 19/9/2023 14:41

Hardly a rise considering decent update.

[daneswooddynamo] 19/9/2023 11:12

Set to push back into the 130s but a lot of technical resistance in 140s

[cravencottage] 19/9/2023 10:59

Business as usual.

[eezymunny] 19/9/2023 09:48

Business doing OK it seems.

I find it very hard to value, given the deferred acquisition payments (estimated at c.20m in the Annual Report with max of 35m IIRC)

Possibly on the cheap side?

[johndoe23] 19/9/2023 07:17

Decent update

[jonesj] 18/9/2023 11:01

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

[johndoe23] 17/9/2023 21:57

AGM Tuesday

[suetballs] 17/9/2023 18:55

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

[the bolton wanderer] 17/9/2023 18:30

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 10:23

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 23:36

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.