Begbies Traynor Share Discussion Threads

[wiltowin] 29/9/2024 18:43

Well that's why they've expanded by acquisition s.

[lefrene] 27/9/2024 11:28

I have looked at BEG from time to time but stayed away because I felt it's growth prospects would always be constrained by requiring ever more legal bods as volumes cranked up. A good steady business in deteriorating times, but units of production/profit to my mind will be constrained by the fact that individuals can only process a fixed number of cases each in a given time span.

Is this a type of business where AI could streamline things?

[rivaldo] 27/9/2024 09:24

Yep, probably :o))

When I remember every so often to have a quick search around and see any meaningful news/appointments then I'll post them. I'd have thought most shareholders would want to know of any interesting or sizeable new appointments. I certainly do.

[boonkoh] 26/9/2024 14:52

Are you going to keep postingall 10ish administrations a month that Begbies is appointed to....?

[rivaldo] 26/9/2024 08:34

BEG have been appointed as administrators to Strabens Hall Ltd, a financial services advisory firm:



BEG are also acting as administrators for Beck Interiors, a fit-out specialist, after their collapse:

[freedomexpress747] 17/9/2024 21:28

I am a holder here, and looking at the data cannot understand why it's so undervalued. 100 offices in the UK, perhaps its waiting for Manchester City to go under...At this point in the business cycle over borrowed SMEs are in maximum danger of insolvency.

[rivaldo] 17/9/2024 12:44

I bought in here for the first time ever this morning at below 101p.

At the miserly current rating, with good prospects in the current climate and with a healthy Balance Sheet, plus increased activity as the new recruits bed in, I can't see much downside and can see upside of anywhere from 20% to 80%.

It shouldn't take much to move sentiment and today's update looks good enough to prompt more institutional and investor buying. Then there's the run-up to the H1 results and also the likelihood of more earnings-enhancing acquisitions.

[boonkoh] 17/9/2024 11:25

Double digit rev growth in Q1 if continued for rest of year will exceed FY forecasts. Think they are being deliberately cautious atm so as not to overpromise, underdeliver.But property volumes are increasing as per media, due to the wall of debt maturity/restructuring starting this year.Then in Insolvency, appointment volumes have been healthy last few months. Begbies have recruited more senior practitioners, so more cases can be taken on too.Equity Dev have 175p price target. House broker Shore have no target but they suggest 13x forward PE (145p) as fair value.(I hold in the Boon Fund)

[rochdae] 17/9/2024 07:31

Yes, good update here. I don't know why the market doesn't see value here.

[edmonda] 17/9/2024 07:26

AGM update says current year has started well with ‘encouraging activity levels’ and group on track for market ests. After a decade of consistent growth, Equity Dev publish new note and maintain a fair value of 175p / share.

As you can read here:

[the bolton wanderer] 16/9/2024 11:16

I've bought a few more this morning at just over £1 although it's showing as a sell in the list of trades.
Hopefully I can add some more at this price in a couple of weeks before it goes ex-div.

[suetballs] 05/9/2024 08:51

Don't blame you - beg has been going nowhere for some while now.
It's certainly on my marginal list but seems pretty steady around 100p.
I'm sitting on a 20% loss which I'm loathe to realise.
Suet

[nakedmolerat] 05/9/2024 08:31

i am holder, thinking of selling as no update until November and the chart is flatlined and thinking of revesting elsewhere. would look to buy back if the chart moved up.

even the update from the gov in august doesnt move it

Main Messages for England and Wales
After seasonal adjustment, 10,524 individuals entered insolvency in England & Wales in July 2024. This was similar to the numbers seen in June 2024 and 24% higher than in July 2023.

[adipsia1] 15/8/2024 15:02

Interesting research published by Berenberg today concerning both FRP and BEG together with target price updates:

The German bank stated FRP Advisory, the largest UK appointment taker for administrations, offers exposure to what it thinks will play out as accelerated structural growth. Berenberg raised its target price on the 'buy' rated stock from 200.0p to 220.0p.

As far as Begbies Traynor was concerned, the UK's largest appointment taker for liquidations has demonstrated "a strong post-pandemic rebound", now stabilising at elevated levels over the last two-and-a-half years. However, Begbies shares have "materially de-rated" since the turn of the year, currently standing at historically low multiples despite a positive recent trading outlook, indicating growth across all service lines.

"With solid forecast organic EPS growth, alongside M&A optionality required to meet a targeted £200.0m of revenue, we view current pricing as anomalous. We update our price target to 150.0p (from 170.0p) today," said Berenberg.

[adipsia1] 15/8/2024 15:02

Interesting research published by Berenberg today concerning both FRP and BEG together with target price updates:

The German bank stated FRP Advisory, the largest UK appointment taker for administrations, offers exposure to what it thinks will play out as accelerated structural growth. Berenberg raised its target price on the 'buy' rated stock from 200.0p to 220.0p.

As far as Begbies Traynor was concerned, the UK's largest appointment taker for liquidations has demonstrated "a strong post-pandemic rebound", now stabilising at elevated levels over the last two-and-a-half years. However, Begbies shares have "materially de-rated" since the turn of the year, currently standing at historically low multiples despite a positive recent trading outlook, indicating growth across all service lines.

"With solid forecast organic EPS growth, alongside M&A optionality required to meet a targeted £200.0m of revenue, we view current pricing as anomalous. We update our price target to 150.0p (from 170.0p) today," said Berenberg.

[johndoe23] 05/8/2024 14:13

Let's hope today is the capitulation day

[wiltowin] 05/8/2024 12:58

Have instructed my broker to purchase 3 chunks at .95, .90 and a cheeky.87.

[kernelthread] 05/8/2024 12:21

Yes, somebody's pressed the big red button on the algorithmic trading computer and it's just selling everything.

[suetballs] 05/8/2024 11:56

Unless market interest in beg picks up it's not going anywhere.
Perhaps it's too small to get any material coverage.
Suet

[boonkoh] 05/8/2024 11:14

Indeed. You don't get more defensive than Begbies. If you truly believe an economic recession / shock is coming, both sides of the business (insolvency and property) will perform exceptionally well.Market is just indiscriminately selling everything today. ETF effect?

[johndoe23] 05/8/2024 08:16

Thought would be rising

[johndoe23] 05/8/2024 08:16

Weird market falls on recession worries and this falls

[wiltowin] 26/7/2024 14:42

“Over the last 25 years of operating across North Yorkshire and Teesside, I’m proud to have supported hundreds of regional businesses,” explains Dave. “I believe that being part of a large national group like Begbies Traynor provides the perfect platform to do this – we can provide expert advice with a local touch, while giving clients the peace of mind of working with a name they know and trust.

“During this period, we’ve seen rapid expansion at both the York and Teesside offices in response to continuing high levels of demand for our services from SMEs and individuals, and, indeed, we have plans to open a third office in the region imminently. Having established ourselves as the leading name in insolvency throughout the region, we are looking forward to continuing to provide specialist advice for company directors and individuals experiencing financial difficulties, from an expert team of professionals based here and who really understand the region.”

Dave, who lives in Northallerton, has worked in insolvency since 1997 and became one of the UK’s youngest insolvency practitioners when he began taking formal appointments in 2005. Having been a member of the insolvency and restructuring trade body R3 for nearly 20 years, he was recently appointed as its regional chair in Yorkshire and the Humber.

Begbies Traynor currently has ten offices and employs around 120 staff in Yorkshire, the Humber and the North East. It offers a full range of professional services including corporate recovery, investigations and risk, forensic accounting advice, corporate finance, property, funding, debt collection and personal insolvency.

[wiltowin] 26/7/2024 14:40

hxxps://www.insidermedia.com/news/yorkshire/begbies-traynor-york-and-teesside-offices-see-further-growth