Begbies Traynor Share Discussion Threads

[juju43] 21/1/2009 13:32

dont like falling knives but couldnt resist dipping a toe at 106

[hectorp] 21/1/2009 12:30

I agree, seems oversold, decent figures etc.

[juju43] 21/1/2009 09:10

i will be looking to buy soon

[spaceparallax] 21/1/2009 09:08

Clock,

I suspect that the nature of the BEG means that they can never 'Fly', but can merely do well, with a very secure workload in times such as these.

[clocktower] 21/1/2009 09:02

The market does not like it it seems - this is when they should be flying imo, not sinking like a stone if they were well managed.

[yesrupnel] 21/1/2009 08:59

It seems that their badly performing divisions, Corp finance, CRM, IVA have badly affected the solvency side of the business which represents 80% of turnover. The profit %age on the solvency revenue seems no higher than last year and the writeoffs are huge for a small company. So whilst they are rapidly expanding into the solvency business - (which is good) their legacy business is really dragging them down and even though they have got rid of some of the legacy stuff they basically got no money for them.

They state that profits will be inline with expectations - which is decidly unexciting bearing in mind the number of insolvencies that are currenly taking place and expected for the near future.

this seesm to be turning into a safe, solid and unexciting company - (which can be good in these times) rather than an exciting, rapidly expanding, high profit company.

[sprattyken] 21/1/2009 08:24

I have not read the full results but they seem a bit dull to me. The recession is hitting harder and faster than people predicted and their full results are likely to be in-line.

Somehow they are not making the inroads that you might hope. That being said, divi up 10% although that does not pay for the dilution we get every year due to share issues.

No position and not sure. Thoughts?

[juju43] 20/1/2009 16:24

getting back to my buy target.

[spaceparallax] 20/1/2009 16:21

Oh heck, fallen through 120p level - let's hope for a bounce before close!

[sprattyken] 19/1/2009 13:03

One possibility is that they could lose staff to the big boys in this market. Who knows if they are coping?

[spaceparallax] 19/1/2009 12:33

Sp looking rather grim of late - hope we can hold the 120p level, otherwise it could be back to the 100p.

[finkie] 05/1/2009 15:15

In two minds, quite expensive in this market on a pe basis even assuming a fast growing business but on the flip side conditions couldnt be better for it and it doesnt appear to have any other publically quoted competitors....delloits PWC etc picking up there share of work however.

Any thoughts!

[juju43] 04/1/2009 20:39

i am still waiting for this to bottom - it's taking a while

[still waiting] 02/1/2009 21:11

bit of activity over at TNO today, insolvency depts. working flat out I hear!!

[tburns] 29/12/2008 10:39

No clocktower, the Director has just been on all TV stations and Sky of late predicting that another 15 retail outlets will fail in jan and 1 by 1 they are starting to and he is getting more coverage, hence the rise.

[clocktower] 29/12/2008 10:36

Has the company picked up any noteable retail work yet?

[bigman] 29/12/2008 09:53

I think that upwards movement will continue and bottom is behind us

[daza70] 24/12/2008 09:46

................hgfhfghgfhgfh

[juju43] 19/12/2008 09:28

i would be happy to buy below 120 too - looks like its coming

[sprattyken] 16/12/2008 08:48

Maybe. where's the "good" news coming from?

Would it be fair to say that BEG would be doing better if there was more appetite/ability for companies to buy up failing businesses? Would their fees be higher than dealing with a straight insolvency?

120 and I'm in....

[juju43] 15/12/2008 16:56

glad i kept my powder dry here . must be approaching buying territory soon

[spaceparallax] 15/12/2008 13:34

IMHO, there is no major problem with BEG, except that the share price has been relatively trouble-free when compared withe most other similar size shares. Their outlook is very solid, but is never likely to be spectacular because of the nature of their business and the expertise required being relatively inflexible.

Of particular merit is that the current increase in workload is likely to keep them very busy and operationally profitable, which will go a long way to settling-up for all the acquisitions of recent times. Hence, IMHO they are going to become very sound financially, which hopefully will yield a gradually increasing EPS (as interest reduces) that should help the PER even if the business can't grow tremendously.

All said, we appear to be teetering around the late 130s, with a strong possibility of dipping to test the 120p support level - such are these crazy times, when solid and decent PER may be sacrificed by those grasping some of the outrageously low PERs on offer elsewhere.

[volvo] 14/12/2008 18:43

Read the figures. Great future but poor outlook.Will come good but when.

[mdchand] 14/12/2008 14:15

I suspect that the market is lumping them in with other financial stocks - when in reality, nothing could be further from the truth. However, as a services company, they may well be incurring bad debts in line with general market trends.

[juju43] 13/12/2008 13:53

well this has arrived back at my buying target.time to consider . i was in at 105 and out at 180. could i do it again ?????