Begbies Traynor Share Discussion Threads

[adipsia1] 14/10/2024 16:45

You need to be more specific about your use of the term "fee-earners". For most of us a fee-earner is someone who generates NEW business. The majority of BEGs employees are workers whose time is invoiced on an hourly rate BUT subject to a creditor-controlled mandate on any insolvency job.True "fee-earners" - for most of us - are the movers/shakers/sales people who bring NEW cases in, from which time/cost income can be generated. This is the fundamental disparity between BEG and FRP. The majority of BEGs insolvency-related employees operate on a time-charge basis, but that is limited based upon available funds in a given case. Most of BEGs cases are too small. There is no fat on the bone.

[boonkoh] 11/10/2024 20:35

You mean they have alot of fee earners now :)If you're looking for a Labour light, capex heavy business.... This definitely ain't it...!

[mikeh30] 11/10/2024 15:16

They now have a headcount of 1250. Lots of mouths to feed

[nakedmolerat] 11/10/2024 11:56

it's all budget related, if national insurance increases for companies it will costs more, but actually that might be in BEG favour if some go into admin

just a thought

[marno17] 11/10/2024 10:58

Does anyone here think it's worth buying more at these lows with a view to long term return?

[earwacks] 11/10/2024 10:31

Everything on hold, unless a forced seller. No point investing anything at the moment. Probably a bit late to take anything off the table. Although sometimes they make changes that don’t come into effect for a couple of years, like the reduction in capital gains tax threshold already set to fall in April. This indecisive chancellor probably has no clue as to how much money changing tax incentives is likely to raise or possibly loose. Just trying to look like a genius solving a problem of her own imagination.

[jdh1602] 11/10/2024 08:55

As daneswood. said just above, all AIM stocks are being hit. But hopefully, 'value will out' on BEG, eventually. And if a recession does hit globally next year as higher interest rates finally bite hard when companies (and peoples) current credit lines expire from the cheap rates long gone...

[farrugia] 11/10/2024 08:26

it is proof that paying dividends doesn't necessarily benefit shareholders in the long run. That's why i'm against companies paying chunky dividends if they have a big balance on their balance sheet (not referring to BEG). It removes the cash support.

[daneswooddynamo] 11/10/2024 08:24

The business is doing fine. The problem is the AIM listing and the torrent of money leaving AIM stocks given the speculation over tax break removal

[johndoe23] 11/10/2024 08:14

I don't know. In theory should be doing well in current climate

[marno17] 11/10/2024 08:11

Why is it it so low surely not just ex div?

[johndoe23] 11/10/2024 08:10

Share price at a 3 year low. Avoid.

[suetballs] 10/10/2024 12:04

This share is so unloved - but I can't see any catalyst.
Perhaps after the budget!
Suet

[stevieweebie2] 10/10/2024 12:00

okay thanks all.
I usually get notified ex Div but not in this case. explains some of it.

[jdh1602] 10/10/2024 11:51

Ex-dividend today, and the Final one, not Interim. Maybe some are doing a bank and run, on the expectations of an improving economy, less companies folding. I think they're maybe selling out at the low. Investors Chronicle reckoned it was undervalued in July at 98p...

[stevieweebie2] 10/10/2024 11:23

what on earth is going on here?

cant see any shorts of any significance just peeps selling out? what do they know that I dont.

[wiltowin] 07/10/2024 07:41

Worth a punt at these levels and pre ex dividend I see?

[clocktower] 04/10/2024 11:57

Research gov.uk/government/publications/insolvency shauney2 and then follow the various names that have had sanctions for one reason or another - then you might want to look at those names in relation to court cases etc etc

It is very costly to challenge Insolvencvy Practitioners because they have proffesional insurance cover that allows them to run up huge legal bills, that objectors to the way they operate cannot match, and that ensures credtors in most cases do not or cannot afford to risk a challenge, as the courts usually dismiss them as they are court officers, as they are not to be questioned, as they are respected proffesionals.

[shauney2] 04/10/2024 09:36

Have you a link to that complaint?

[clocktower] 04/10/2024 08:15

BEG have a bad reputation because they go in low and then create conflict, which enables them to then up the stakes and leave creditors with little if anything.

If you research you will find that even a complaint has been upheld by the accountants proffesional body agaist one or more of them.

The Courts give them virtual imunity, as when appointed by them, they become officers of the court, and the courts punishes anyone that challenges them.

It's a pretty crubby business with deals done behind closed doors, and that applies to all these type of businesses.

[bend1pa] 30/9/2024 19:54

I'm not sure that's going to be the case.The vast majority of AIM stocks have been absolutely hammered over the past 2 years. Even those few AIM stocks producing good results like BEG have not been immune.

I really believe the AIM sector is finished, and its reputation tarnished. Many AIM shares are now looking more like high yield, whereas you could go back a few years, and you would be lucky to find such shares yielding above 3%. And of course many AIM shares have had their divs cut, or passed altogether.

[the bolton wanderer] 30/9/2024 19:38

Well their profits and dividend keep going up so I bought some more today.
In my opinion when the sector comes back in to favour then BEG will have a good rise.

[adipsia1] 30/9/2024 18:13

The other issue for BEG is that they are located in the high volume but lowest margin area of the restructuring/insolvency market. They are typically renowned for quick/cheap burials and that is not where the money is.They will struggle to break out of the undertaker mould because they will never attract the highest calibre staff who could help them transition. They are victims of their own success. Funny to see other posters mention potential high-profile Administration appointments. Those jobs will always go to the likes of PwC, Teneo (Deloitte), Interpath (KPMG), EY or possibly FRP, Kroll etc. The only listed one of which is FRP, whose profits are grinding BEG into the dust.

[riverman77] 30/9/2024 16:39

Yes but it's the same issue - if they want to grow the business they have to take on extra staff, whether that's adding staff to the existing company or by acquiring new staff via acquisition. That's why people businesses are never highly rated - they'll never be able to rapidly compound their profits in the way say a software company can.