Begbies Traynor Share Discussion Threads

[tiger60] 17/5/2024 18:48

There is organic growth and growth with acquisitions. Hard to get a true picture.

[aleman] 17/5/2024 14:15

BEG had 27 offices in 2005. Now 132, I think. BEG insolvency turnover has doubled since 2019. BEG deals with mostly small insolvencies but is number one in insolvency by appointment numbers, with 13%, and second in administration with 11% (from 4th in 2017). BEG is clearly not losing market share to anybody. The last 4 years have seen 19% compound growth in overall revenue, 31% in Profit Before Tax, 22% in adjusted EPS and 10% compound growth in the dividend.

How many companies do you know whose main metrics have doubled in the last 4 years and still look poised to possibly double in the next 4? 2019 revenue was £60m and adj. profit £7m. The Feb trading update indicated next week's numbers are on track for around £135m and £22m.

[adipsia1] 17/5/2024 13:38

FRP have been ahead of BEG in terms of market-share on Administrations every year since 2016. BEG remain market leaders for Creditors Voluntary Liquidations.

[daneswooddynamo] 17/5/2024 12:52

Different businesses but beg has been left well behind, I expect they are trading very positively and the shares are due a decent bounce

[boonkoh] 17/5/2024 11:50

FRP skyrocketing today, good outlook and results.Begbies muted. Maybe the read between the lines is that FRP is gaining market share at Begbies expense?

[elsa7878] 17/5/2024 07:21

Last 2 years we have had a trading update on the 19th and 22nd - have emailed to ask - but assume on that basis it should be next week.

[wiltowin] 17/5/2024 07:01

SP lowered due to the block listing of 1.5m shares recently, no worries here it's good company and a growing business.

[elsa7878] 16/5/2024 19:36

BEG is different in that it has diversified in the last few years. I certainly don't think the lack of interest is because of frailties in the business model, merely that people are chasing alpha and this not one of those stocks. Safe and steady in all economic circumstances.
PE of less than 10 with net cash on the balance sheet.

[riverman77] 16/5/2024 17:38

I previously held this and MANO on the same basis - that it should act as a hedge to the rest of my portfolio if we get a bad recession. For various reasons, which I won't go into here, this cunning plan was never going to work. I sold both a while ago - MANO in particular was a disaster and after doing more work on that I can see it's pretty obvious that it won't actually perform well in a recession.

[tiger60] 16/5/2024 17:26

Like a lot of people I thought I was being clever adding this equity as a counterweight to COVID and the recession and at times it looked an astute call.

However, in the last few months whether it’s investor fatigue or just perceived issues with the company that has set in the share price has been dropping virtually daily with no signs of a bounce. The number of posts here suggest the former and investors leaving to invest in other opportunities.

So I have learned two things; I am not as clever as I thought (I know humbling) and I am now holding more in hope that we have hit lows. Not a great strategy!

Anyone left to state the bull case and raise a smile?

[wiltowin] 16/5/2024 15:29

Surprised this company hasn't been gobbled up yet?

[suetballs] 08/5/2024 10:09

Time for some extra good news then!
The share price has been very disappointing for a considerable time.
Suet

[glaws2] 08/5/2024 09:49

Year end trading update due towards the end of May

[rob762243] 07/5/2024 19:20

Does anyone know when any future news will be published?

[peddlers] 26/4/2024 08:24

Bidding 107 this morning with no takers so looking like it might pick up

[elsa7878] 26/4/2024 08:09

Can only be good for BEG. Strangely unloved.

[aleman] 26/4/2024 07:42

It's going to be a busy year. The small property side of the business will have picked up in line with the increased volumes in the rest of the property sector (as people holding off for a year or two just can't hold off any more). And then we have the core of the business keeping busy with these big increases:



The level of 'significant' financial distress leapt 30.8% year-on-year in Q1 2024 with 554,554 companies affected (Q1 2023: 424,041).

40,174 UK businesses are in 'critical' financial distress - a 20.1% increase compared to Q1 2023 (33,449) making them especially vulnerable to failure over the next 12 months.

[aleman] 22/4/2024 12:53

Next monthly release is 26th April.

[boonkoh] 22/4/2024 11:00

UK Gov monthly Insolvency stats are late coming out this month... Usually around 15-17 of the month.Did someone make an Excel max rows/columns error, I wonder?Or maybe the stats are so bad they are having to double check and prep the PM for a PR strategy before release....

[amanitaangelicus] 17/4/2024 15:41

BEG love to pocketline their own pockets. Britain seen the worst 4 yrs for eons and BEGs are still wallowing. Expanderitis is an expensive disease.

[edmonda] 03/4/2024 09:33

New research note out today from Equity Dev reviewing the potential for BEG to push top line revenues towards c £200m pa in next 3-5 years and reaffirming their 175p/share fair value.
Free access to read note / hear summary at:

[spawny100] 18/3/2024 11:51

BEG just been on R4 programme today called "Dead Company Walking". Interesting listen. BEG should be in a good position the sound of it.

[gswredland] 15/3/2024 15:56

Thanks Aleman.
This looks like it maybe about to break out of the 108-115 trading range, fingers crossed!

[aleman] 15/3/2024 14:16

The number of registered company insolvencies in February 2024 was 2,102, 17% higher than in the same month in the previous year (1,801 in February 2023).

For individuals, the total number of insolvencies in February 2024 was 10,136, 23% higher than in the same month in the previous year (8,239 in February 2023).