Begbies Traynor Share Discussion Threads

[wiltowin] 26/7/2024 09:19

Rescue and recovery specialist, Begbies Traynor, has announced that it has seen “substantial growth” at its York and Teesside offices, driven in large part by insolvency practitioner and leader of the offices, Dave Broadbent.

[wiltowin] 26/7/2024 08:39

Been very easy to buy the dips here as it's closely mirrored the FTSE aim all share for many months, it will break out eventually when fund management realise they need to be more picky, but hopefully not too soon yet.

[adipsia1] 25/7/2024 17:06

Have to say that after looking at both charts and fundamentals FRP appears a far stronger proposition in both the short and medium-term than BEG.In terms of fundamentals: FRP margins, cash-generation and overall business coherence wins hands-down.In terms of technicals: FRP are still stuck in a medium-term trading range but with rising lows and few resistance levels once a breakout occurs. BEG are still stuck in a downtrend with no firm support level to even confirm the bottom of a trading range, and loads of resistance to go through before any real upward trend can take hold.

[dodger777] 24/7/2024 13:34

Surprised but not surprised to see FRP down on those results.
Markets are definitely broken..

[adipsia1] 24/7/2024 07:43

Stunning FY results from FRP this morning should assist BEG too.

[aleman] 22/7/2024 15:13

The financial distress numbers are shocking. Insolvencies are already running at around a 32-year high and companies in significant financial distress have jumped over 30% on last year. 600k+ companies in significant financial distress is about 1 for every 110 people in the UK. That's frightening. And the shares chose to fall on this news? Baffling.

[suetballs] 22/7/2024 14:45

Yep looks like the market is happy with a quid.
Suet

[johndoe23] 22/7/2024 14:33

Gloomy news and this drops?

[mikeh30] 21/7/2024 11:27

https://www.investorschronicle.co.uk/content/f9bb7fc3-b33a-5a37-ab26-86a680d13e43

[wiltowin] 21/7/2024 09:01

Oh boo hoo Mr Jellybelly it's hard to win em all lol.

[wiltowin] 21/7/2024 08:56

The number of insolvency-related activities in the North West reached a 14-month high in May, according to new research from R3, the insolvency and restructuring trade body.

R3’s analysis of data provided by Creditsafe shows there were 452 cases of insolvency-related activity, which includes liquidator appointments, administrator appointments and creditors’ meetings, in the North West in May.

These figures were the highest since March 2023, when 476 cases were recorded.

Insolvency-related activity rose by 15% in May 2024, when compared with the previous month and rose by 16.5% compared with May 2023’s total of 388.

Fran Henshaw, Chair of R3 in the North West and also Head of Corporate Recovery and Insolvency at Beever and Struthers, said: “The monthly and yearly rises in insolvency-related activity in the North West reflect the challenging trading climate that many businesses are still experiencing post-pandemic, and the effects of the cost-of-living crisis.

“The cost of rent and raw materials are still key pressure points for many business owners, while demand to increase staff wages has left many businesses struggling to grow, pay their bills, or to pay off existing debt.”

The North West saw the second highest monthly total of insolvency-related activities of all the UK regions and nations in May, surpassed only by Greater London which recorded 607 cases.

[jellypbean] 21/7/2024 08:55

Last board I was on where someone was pushing the share as much as Mr Towin is, the company rapidly went insolvent.

To rub salt into the wounds, they picked FRP as the administrators

[ptolemy] 21/7/2024 07:10

Will, The article linked to is 9 months old.

[wiltowin] 20/7/2024 08:33

hxxps://thebusinessmagazine.co.uk/companies/almost-40000-uk-companies-in-critical-financial-distress-begbies-traynor-report/

[wiltowin] 19/7/2024 16:47

Professional services consultancy, Begbies Traynor, is expanding its presence in Birmingham with new offices at One Temple Row to accommodate its expert team of business recovery specialists and turnaround advisors.

It marks the next phase of growth for the team in Birmingham, which opened its first office in 2003, and is part of its strategy to cement Begbies Traynor’s position as the leading provider of corporate insolvency and restructuring advice to companies across the West Midlands region.

The firm, which has a 20-strong team based in Birmingham, also provides services in corporate finance, financial advisory, valuations, and property consultancy.

Commenting on the move, Craig Povey, who recently took on the role of senior partner in the West Midlands, said:

“Birmingham has always been a key focus for Begbies Traynor, and our investment in the new premises at Temple Row confirms our long-term commitment to our practice in the city.

“We are already an established and trusted advisor to businesses in region and have formed many lasting relationships within the Birmingham business community. This is something we are continuing to develop in the next generation of Begbies Traynor’s advisers, providing the very best in insolvency and restructuring services when companies require our expertise and support.

“This move is about providing a solid foundation for the firm to continue its growth, both within the city and across the wider West Midlands region, and I look forward to working with the team to deliver our ambitions.”

[aleman] 19/7/2024 07:25

Meanwhile, individual insolvencies are mixed but rising breathing space orders suggest individual insolvencies will rise in future?

[aleman] 19/7/2024 07:23

Don't forget that company insolvencies in England and Wales have levelled off at the highest level in over 1/4 of a century but are rising in Scotland and Northern Ireland.

[jellypbean] 18/7/2024 10:29

The same article also says that nationally the adminstration numbers are effectively flat, which is broadly consistent with what was said in the BEG video.

[wiltowin] 18/7/2024 07:24

hxxps://www.thebusinessdesk.com/south-west/news/14912-sharp-rise-in-insolvencies-in-south-west-over-last-six-months

[edmonda] 16/7/2024 12:35

Video recording now available - Investor Presentation (FY Results) - July 2024

Ric Traynor, Executive Chairman, and Nick Taylor, Group Finance Director of Begbies Traynor Group plc hosted an Investor Presentation covering their Full Year results for the period to 30th April 2024.

Management discussed highlights of another year of strong financial performance, including overall revenue growth of 12%, a record year for Property advisory, four value accretive acquisitions and another year of dividend growth. The team provided a detailed Financial and Divisional review, and commented on their strategy for growth and the outlook. There was also a wide-ranging Question & Answer session at the end of the presentation.

The full video is available to view, divided chapters as below:
0:00:03 Introduction & Highlights
0:04:12 Financial Review
0:15:00 Divisional Review
0:24:35 Strategy for growth
0:27:21 Summary
0:28:44 Questions & Answers

Link to video:

[boonkoh] 15/7/2024 21:27

I still have a strong conviction this will trade at c12x forward PE, so personally not surprised it has been strengthening after results. 120p+ at the minimum. Shows that many PIs have looked at the results too now, and decided it's too cheap.

[clocktower] 15/7/2024 15:00

Bearing in mind what the market has been like today, it's a very good day for BEG even though the rise is small but anything over £1 is positive now.

[stevieweebie2] 15/7/2024 13:49

only caught the first half but was very reassuring. already deep here so its a hold for me.

[edmonda] 15/7/2024 08:15

FY24 results showed 12% revenue growth (6% organic) and group looks well on track to achieve £200m medium term revenue target.
The outlook is also confident and Equity Development's fair value remains at 175p/share, as seen in new research note:


NB webinar open to all at noon today, just register here to see Management present:

[mikeh30] 12/7/2024 19:20

Fairs dos. I understand he has a decent following.Appreciate the indicative value comment I do hold here. Far more than 2500 quid :)