Begbies Traynor Share Discussion Threads

[finkie] 02/3/2011 19:35

who just bought 3.7m shares then??!!

[spaceparallax] 24/2/2011 13:35

Info from the coal face is always useful.

[bonio10000] 24/2/2011 12:29

Space - my other half works in insolvency in a top 25 firm.

She says her dept is finding new instructions very tight and has said similar comments have been made to her from a variety of people at different firms out on meet and greets.

Anecdotal I know, but my take on things.

[spaceparallax] 24/2/2011 12:12

Adam,

The problem with BEG is that it has never really delivered the counter-cyclical flourish that many had anticipated. Hard to know why as one would have thought they could never enjoy 'better' times from a business stream viewpoint. I continue to sit tight on a loss, but have been pulling my hair out at times.

[adam] 24/2/2011 00:17

> accounting consolidators?

Well they are involved in insolvencies and restructuring mainly

Revenue
Insolvency and restructuring 26,962
Tax 3,987
Global Risk Partners 3,365
Red Flag Alert 57


EBITA (before exceptional items
and acquisition-related costs)
Insolvency and restructuring 6,384
Tax 290
Global Risk Partners 670
Red Flag Alert (338)
Shared and central costs (2,997)


Business is not good at the moment because business is better for companies and less insolvencies. Hence shares down. Simples.

Oil shock means rising input costs for companies and less money in the pockets of consumers as they spend it on petrol. Then rising interest rates and the prospects of a double dip could completely change that picture. It's a counter-cyclical hedge for a portfolio.

[bonio10000] 23/2/2011 14:43

TNO do it again.

What makes BEG different to any other of the accounting consolidators? They have all been pretty terrible for investors.

At least the partners can cash in their stakes though, as opposed to if they stayed a partnership. And lets face it - that is what they are there for.

[bookbroker] 18/2/2011 11:59

Never great when the co. is named after the majority shareholder and main board director, at some point it will become good value, Caledonia should start to flex their muscles with this one, irrespective of their inclination to remain passive.

[spaceparallax] 18/2/2011 11:55

The most disquieting factor here is the lack of apparent reasons for this dip - it's so frustrating especially after we appeared to be heading in the right direction.

[spaceparallax] 11/2/2011 10:21

Just when we thought the share price was recovering nicely, it has to falter! LOL

[sscrabble] 04/2/2011 12:51

on sky news---

A record number of people were declared insolvent across England and Wales in 2010, the latest official figures have revealed.

The Insolvency Service - the Government department which regulates the industry - said that 135,089 people went bankrupt or took out an individual voluntary arrangement (IVA) or debt relief order over the year.

This compares to 134,142 in 2009, which itself was the highest figure since records began 50 years ago.

According to the stats, the number of bankruptcies fell nearly 21% on the previous year, but the number of IVAs rose 6.5%.

But Stephen Speed from the Insolvency Service told Sky News that forecasting numbers for 2011 would be difficult.

"It's certainly true personal insolvencies are very, very high but actually over the last couple of quarters we've seen all forms of personal insolvencies start to drop off just a little bit," he said.

"It may be that it's a sign of something to come but we'll have to wait a little longer to discover."

[spaceparallax] 20/1/2011 09:23

Sp looking more positive today

[spaceparallax] 06/1/2011 14:21

I'm unsure as to where this is going. I had hoped it had bottomed, but it remains a possibility that we could dip a little further perhaps under disgruntled selling as the tax bills approach end Jan. The divi remains a positive feature but it's so hard to predict growth and profitability - as TAM says, given the perceived 'perfect trading climate' of recent and near term years has not met expectations, when are an outfit like BEG going to flourish?

Currently sitting tight, but may be tempted to sell if we breach 55p.

[thickasmince] 23/12/2010 17:48

Trading quieter possibly due to time of year, along with the fact RT always suggests jam tomorrow and as it never arrives, investors have no belief in what management now say. It must become evident to the directors at some point, the business model they have been working on, just isn't working. Mr Traynor needs to take a good look at himself and consider if he is competent enough to continue steering this rudderless ship. The worst recession since 1930 and they can't make a decent fist of it. Oh dear. A number of years ago he blamed the quote driven market for the share price drop, then he didn't know why, then it was/is the governments fault for supporting business. When Mr Traynor will it become your leadership that is responsible?

[spaceparallax] 22/12/2010 13:37

Looks as if we may have bottomed, trading much quieter

[spaceparallax] 20/12/2010 14:50

It's difficult to predict quite where things will settle.

[bonio10000] 20/12/2010 14:22

I charge 10% for that.

Chart still looks terrible.

[spaceparallax] 20/12/2010 14:20

hey, you're suffering from my foot-in-mouth disease!

[bonio10000] 20/12/2010 13:57

Starting to get into the realms of a compelling buy, unless a large holder is exiting and, therefore, the fall could have further to go.

Main issue for me is the lack of growth. If they are not growing profits it only deserves a low rating - say P/E of 7.

As for acquiring companies, the growth in profit should be offset by the shares I assume they are issuing to the partnerships they are buying.

Just looks in a rut to me.

Even if the world does end and they are swamped with work, the gains in the share would be dwarfed by the losses in the rest of the portfolio.

Looks like a retest of all time lows of 55p could be on the cards.

[spaceparallax] 20/12/2010 12:07

I'm seeing pretty even trading - hopefully we'll retain support.

[spaceparallax] 17/12/2010 18:54

I too don't care for the Ric name; however, I suspect he didn't have much say in the christening

[wcjan26] 17/12/2010 17:05

not an image i want to develop in my head

it is now on a steep discount to NAV, which suggests just how highly the market has rated all the acquisitions

still, if it does reach 40p that will an E/Value of less 0.5 * sales and i would be tempted to buy there

[bonio10000] 17/12/2010 17:01

Wcjan

You know what I mean though?

I want an accountant to have a reliable sounding name.

That is a little bit 80s rock producer with pony tail.

[bonio10000] 17/12/2010 17:00

Well - I was told weeks back that such a comparison was irrelevant as this is an insolvency business and the other firms include services such as audit.

So you are not comparing apples and pears.

I thought that was BS then and the fact that non-insolvency business is underpinning profits might well indicate that.

In essence - none of the consolidator models have done very well.

[wcjan26] 17/12/2010 16:58

bonio. re. "ric". LOL.