Begbies Traynor Share Discussion Threads

[aleman] 05/2/2024 10:47

Britain faces its highest level of corporate insolvencies on record this year as businesses crumble under the pressure of higher interest rates.

An unprecedented 33,000 companies will go under this year, according to the Centre for Economics and Business Research (CEBR), many of which will never have recovered from the impact of the pandemic.

The consultancy increased its estimate for insolvencies from 28,000 as it warned the retail and hospitality sectors “have nearly caught up with construction in terms of insolvency numbers in 2023”.

It said the figures would be a new record since 2013, where comparable statistics are available, although it added that its own analysis suggests insolvencies would have been higher in the 1990s.

[the pie] 15/1/2024 14:45

Well that is me out. New year and all that. Had high hopes for this one but sometimes you've just got to find somewhere else for your money. BEG will no doubt double in the next six months!! GLA

[the bolton wanderer] 22/12/2023 13:37

I would agree that it's been a disappointing year for the share price but not for the company.
Here's to increased profits and dividends in 2024.
All the best everyone.

[whilstev] 22/12/2023 08:29

Half year results were reported on the 11th

[route1] 22/12/2023 01:38

What's with the thumbs down, perfectly reasonable question, as the earnings were not reported as scheduled.You seem to have a problem with your Thumbs, are you sick, maybe you need to see a doctor

[daneswooddynamo] 21/12/2023 15:27

A rather disappointing performer this year given the backdrop

[aleman] 21/12/2023 15:09

Number of retailers in financial distress in Q4 increases significantly from Q3.

[route1] 20/12/2023 09:19

At what time today will the earnings report be released?

[glaws2] 13/12/2023 12:09

Well put Aleman

[aleman] 12/12/2023 17:06

BEG has been doing complementary non-insolvency work for years and it seems to have fit in fine. It's nothing new and they seem to know what they are doing. It's been evolution rather than revolution.

BEG's business is slightly more balanced/slightly less countercyclical than FRP as far as I can tell. You'd expect FRP to do slightly better in a downturn and BEG to do slightly better in an upturn, would you not?

[adipsia1] 12/12/2023 13:01

IMO wishful thinking in terms of more complex and remunerative work from BEG. BEG are efficient undertakers, not even into palliative care and so many miles away from profitable restructuring work... hence the move towards diversification.Question: How do recent acquisitions fit into any insolvency-based model ? Are they planning to become commercial estate agents ? That doesn't bode well in this economy.

[aleman] 12/12/2023 09:20

BEG's last FY results:

Well placed to further increase exposure to larger, more complex insolvency appointments with our 11% share of the administration market ranking us second largest nationally by volume (increase from fourth over the last five years)

[adipsia1] 12/12/2023 07:55

Stunning H1 results out from FRP this morning would show that the restructuring and insolvency market is getting into full-flow. Shame that BEG don't seem able to capture more of the lucrative Administrations market where FRP reign supreme.

[boonkoh] 11/12/2023 16:30

Strong operational performance that creates meaningful profits and cashflow.But then of course you've got to pay for your acquisitions and generous earnouts.Key question is - those acquired businesses, still going to be generating the same profitability, after all the earnouts and deferred considerations are done? So statutory PBT jumps?

[tomps2] 11/12/2023 14:18

Begbies Traynor Group (BEG) Half year results presentation - December 23

Begbies Traynor Group Executive Chairman, Ric Traynor and Group Finance Director, Nick Taylor present half year results for the six months ended 31 October 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[edmonda] 11/12/2023 09:40

Decent H1 results and confidence in outlook.

Equity Development note out: raising revenue forecasts, but retains adjusted PBT estimates and a Fair Value of 175p / share.

Free access to research here, plus audio summary:

[the bolton wanderer] 08/12/2023 19:29

Maybe this so called bad news that's been coming will be announced with the results on Monday...haha.
I'm happy to hold and buy more in January when I receive more funds.

[chelseamann] 08/12/2023 14:31

the sell of 5303 is in fact a purchase made by me

[amanitaangelicus] 07/12/2023 08:54

Bought business ...nowt organic. Partners, gaffers wanting loads dosh. Economies of scale, synergy ...pish poor. Gravytrain. UK improving very slowly.

[pottsypotts] 27/11/2023 16:28

Something going on here, falling away like there is bad news in the pipeline

[aleman] 23/11/2023 14:21

And it was already showing in business deaths in 2022. What will 2023 look like?



Between 2021 and 2022, the number of UK business births decreased from 364,000 to 337,000 leading to a fall in the birth rate from 12.4% to 11.5% over the two years.

The number of UK business deaths increased from 328,000 to 345,000 between 2021 and 2022 leading to an increase in the death rate from 11.2% to 11.8% over the two years.

This is the first time the business death rate has exceeded the business birth rate since 2010.

[aleman] 23/11/2023 14:18

Hhmmm ... UK net immigration has been revised up to 745k for 2022. Adjust GDP for that higher rate of net immigration and GDP/capita is down just over 1% over the last 6 quarters. Everyone feels like they're getting poorer because they are on average. And that's why BEG have been getting busier. Will all those rate rise make an obscured 18-month recession any better?

[edmonda] 20/11/2023 08:00

A positive H1 trading update ahead of interims due 11 Dec: says activity levels across the group are encouraging.

New research note from Equity Dev out, retaining 175p/share Fair Value, as you can read/hear below :

[aleman] 14/11/2023 11:25

Company insolvencies continue to rise significantly in October (particularly at the smaller end which is BEG's main market). Individual insolvencies still show a flatter trend though they are probably being moderated by significant rises in breathing space orders.

[mighunter] 08/11/2023 07:46

Accounts showing breakdown are available via Companies house (see Page 2 summary). The £100k discrepancy is creditors falling due after more than one year and provisions for liabilities.