Begbies Traynor Share Discussion Threads

[spaceparallax] 02/2/2010 16:42

After today's share price behaviour, tomorrow could be a big test

[simon gordon] 02/2/2010 13:07

Is not TNO the best value of all the players in this sector? It has more potential share price catalysts and a lower p/e than BEG. Am I missing anything?

[dibbs] 02/2/2010 12:49

Amazing, VTS, who also play a large part in business recovery and would, you'd think be doing well in the current climate are also performong very badly (SP and company level) Seems these co's need to spend some effort on recovery of shareholder value IMHO.

Dibbs

[spaceparallax] 01/2/2010 14:15

sp looking rather dodgy - can it remain above 90p support?

[yf23_1] 22/1/2010 01:51

over promising, under performing
director gravy train ?

I tried to find director remuneration but to no avail, only the total.
anyone have the figures, maybe in the printed report ?

[melody9999] 21/1/2010 21:29

maybe PIs should give BEG the red flag treatment! I too have been watching for some time - but the more I see the less inclined I am to invest.

[rastapastamasta] 21/1/2010 19:31

I too have been watching for ages. Frustrating to watch a company that can not take advantage of a great opportunity. Corporate finance division has crippled this. BEG has been tipped in various of the moneyweek / fleetsreet group of newsletters, but they do not disclose their connections with this company.
rpm

[dibbs] 21/1/2010 12:58

Like others here I've followed BEG for ages but have never seen fit to buy the stock. They seem to undershoot every time, illustrating that just being in a growth sector is not enough unless the company is managed correctly to exploit the opportunity available.

One of the tips posted on the BB said that forecasts could see BEG on a PE of 10. With the first half EPS as low as they are they will need a mega performance in H2 or a massive fall in the share price to trade at this PE. Looks like the market is going for the latter.

Dibbs

[gogoneko] 21/1/2010 10:50

I think that it was primarily due to :

"Accordingly, the board anticipates results for the year as a whole will be slightly below current consensus market expectations"

i.e. effectively it could be seen as a profits warning.

[spaceparallax] 21/1/2010 10:46

I've become rather confused over BEG in recent months. The common conception was that they would thrive during these tough times and they do seem to be doing okay, but their PER is sitting pretty high.

[pugugly] 21/1/2010 09:33

harrogate:- Good to hear from you again. Trust you are keeping well.

Your comment has reinforced my view.

Back to seaching for good potential growth stocks with cash and currently profitable.

[harrogate] 21/1/2010 09:01

I don't hold these but watch them ... My only thought is if the share price is here at the top of the cycle ( ok insolvencies should keep rising for the next 2 years but the share price should surely anticipate this ) how can it be a buy. The market doesn't seem to like these types of companies.

[pugugly] 21/1/2010 08:55

Market does not seem to like the results today and share price appears to be heading back for the September low, even tough profits were up.

Could this be worries over possible gov restraints on the insolvency rip-offs?

SP has gone nowhere over the last 5 years. H/L 2007 204/118 - 2009 138/90.

Low yeold Refs 3.08%. ntav only 11.2p per share - Masses of goodwill on thebalnce sheet.

Cannot see any reason to buy. imo A weak hold.

Any other thoughts?

[thickasmince] 11/12/2009 15:54

A good time for the continued pantomime performance from BEG. The good followed by the bad. Brokers expected better from the tax division but let us down, again. Oh no they haven't.....etc etc.

[a0148009] 11/12/2009 15:22

Begbies Traynor

Our view: Buy

Share price: 100p (+4.75p)

The recession has been painful for UK plc, but Begbies Traynor, the professional services firm, has been making hay during the downturn by mopping up plenty of insolvency and restructuring work. Yesterday, the group said its results for the six months to 31 October will be "significantly" ahead of last year's, driven by "good progress" at its insolvency division. Begbies Traynor said it also benefited from the integration of its small corporate finance business and core insolvency and recovery division, which together account for 85 per cent of turnover. A steady stream of corporate insolvencies looks set to continue in 2010, which bodes well for Begbies Traynor, as does the argument that more companies historically run out of cash and fail as recessions come to an end. Certainly City analysts forecast that the company's pre-tax profits will jump by about a quarter to £12.3m this financial year.

However, its tax division's performance in the first half was down on last year and it continues to see challenging times ahead. The other concern is that the rate of corporate insolvencies in sectors such as hotels and retail has showed some signs of slowing recently, which could dampen the company's growth. But Begbies Traynor's shares currently look fair value at a 2010 price to earnings ratio of 10.2, and the valuation looks better over time – with the figure at 9.4 times 2011's forecast earnings. Based on a cautious outlook for UK growth over the next two years, we think that Begbies Traynor will continue to prosper from the misery of others. Buy.

AO

[a0148009] 11/12/2009 09:35

BEG in good shape now looking for 115 - 120p.

AO

[spaceparallax] 18/11/2009 15:49

Looking vulnerable today

[spaceparallax] 29/10/2009 13:06

looking ominous

[still waiting] 26/10/2009 22:37

NYB, have a look at NASA, about to take off, literally.

[ny boy] 26/10/2009 22:31

Looks an interesting Company that could outperform the markets over the next 6-12 months. Looking for an ideal entry point, not far off now perhaps?

[spaceparallax] 14/10/2009 09:04

Significant development in the US.

[investinggarden] 08/10/2009 16:04

Begbies Traynor in US tie-up

[thickasmince] 06/10/2009 17:25

I hope this link works re my previous post.

[thickasmince] 06/10/2009 14:46

Has any one looked one their web site recently. Very much out of date I believe, as well as a red flag alert that was allegedly to be issued yesterday, according to the Herald (Glasgow). So were is it? BEG stated in the newspaper article they expected to see possibly another 15 major retailers go to the wall and some 125 retailers were on the critical list and they expected most would be in serious trouble.

I am unable to find any other link to this, other than the newspaper I bought yesterday. No doubt it will also be on that newspaper's online site although I didn't check.

[muckshifter] 02/10/2009 15:22

Did anyone go to the AGM?

I emailed the company a few weeks ago to see if I could attend and never even received a reply, so the few shares I have in a sipp will probably get sold shortly, but it would be interesting to hear the views of attendees.
Regards.