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BEG Begbies Traynor Group Plc

109.00
-1.00 (-0.91%)
Last Updated: 10:08:30
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Begbies Traynor Group Plc LSE:BEG London Ordinary Share GB00B0305S97 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.91% 109.00 108.00 111.00 109.00 107.50 108.00 165,777 10:08:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 121.83M 2.91M 0.0185 58.92 171.68M
Begbies Traynor Group Plc is listed in the Finance Services sector of the London Stock Exchange with ticker BEG. The last closing price for Begbies Traynor was 110p. Over the last year, Begbies Traynor shares have traded in a share price range of 105.50p to 139.00p.

Begbies Traynor currently has 157,508,057 shares in issue. The market capitalisation of Begbies Traynor is £171.68 million. Begbies Traynor has a price to earnings ratio (PE ratio) of 58.92.

Begbies Traynor Share Discussion Threads

Showing 2351 to 2374 of 3900 messages
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DateSubjectAuthorDiscuss
06/2/2019
10:09
Stockwatch: Big benefits for patient shareholders -

There is scope for upgrades at this company as Brexit and credit stress take their toll on corporate UK...

speedsgh
04/2/2019
16:13
There has been 5 days of pretty much continuous buying here. I'm not complaining but it would be nice to know what set it off. I doubt it's just the IC reference quoted earlier. It looks to have just about regained the 50-day average today. (Chart to follow.)
aleman
01/2/2019
09:17
I see the ADVFN chart has the shares down when the mid is actually up 1.3p on the news. (Now 62.4/63 compared to 60.8/62 at yesterday's close.)
aleman
01/2/2019
09:12
It looks like it could produce yet another upward revision in the profit forecast. It seems very cheap. Perhaps profit is expected to fall if we are at the top of the property cycle.

Year Ending Revenue(£m) Pre-tax(£m) EPS P/E PEG EPS Growth Div Yield
2019-04-30 57.00 1.62 4.35p 14.3 1.6 9% 2.60p 4.2%
2020-04-30 58.77 2.30 4.75p 13.1 1.4 9% 2.75p 4.4%
2021-04-30 60.40 4.17 5.25p 11.8 1.1 11% 2.90p 4.7%

aleman
01/2/2019
08:11
Nice little acquisition at a very fair price it seems.
edmundshaw
30/1/2019
16:20
edmundshaw - yes, Stockopedia is a useful first stage in filtering out 'time-wasters', not a tool to pursue much further.

Aleman - that's interesting, but looks like an expensive fixed charge, hence big operational gearing. I'd want to know more about that.

jonwig
30/1/2019
16:19
That did not take long!



Good news for insolvency practitioner Begbies Traynor (BEG) is rarely good news for the rest of UK plc. This morning, the group is out with its latest 'red flag' report, which suggests that the number of businesses in significant financial distress jumped by almost 15,000 in the fourth quarter of 2018. Sectors hit particularly hard by what Begbies described as Brexit-linked economic uncertainty include real estate and property, while the number of businesses in "critical" financial distress are up 25 per cent in a year. We remain buyers.

And also:

aleman
30/1/2019
16:17
A nice run of buying, today. Is it existing investors that understand the implications of this week's insolvency numbers or have BEG been tipped somewhere again? I shall have a look around.
aleman
30/1/2019
16:10
jonwig - it sounds like it might be much more than just other accountants used to source information.



Red Flag Alert’s database is updated daily with over 40 advanced fields:

Intelligence gathered from 10+market-leading data owners.
Over 60,000 data changes every single day.
Over 100 indicators of financial health are updated.

aleman
30/1/2019
15:10
Quite right jonwig. In the end the first hand ones - in the Annual Report - are the only numbers you can hope to rely on...
edmundshaw
30/1/2019
12:41
Aleman - OK, thanks.

This is on my "maybe buy" list. The numbers given on Stockopedia (divi, FCF, PER, book value) look attractive, but I still need to go to the first-hand ones.

jonwig
30/1/2019
12:00
1)It can be a while between distress and administration and some admins can last a year so there can delay between entering admin and going bankrupt or arranging a CVA. I'm not sure a great deal is known due to confidentiality requirements.

2)I think I read that Red Flag's data is collected confidentially/anonymously from UK accountants.

aleman
30/1/2019
09:58
From Aleman's link in #2225:

Seasonally adjusted corporate insolvencies fell by 9% in Q4 2018 compared to Q3 2018, but rose by 11% compared to Q4 2017.

But today's BEG RNS from their Red Flag Alert:

The number of businesses in 'significant' financial distress now stands at 481,000, leaping by 15,000 during Q4 2018

Two questions -

1) presumably there's a time-lag between 'significant distress' and actual insolvency, and the first doesn't necessarily lead to the second. Is anything known about this?

2) Where do Red Flag Alert find their data? If from Companies' House, there can be a nine-month delay between year-end and publication.

The FT also points out today that if there's a high amount of equipment dumped onto the market, actually clearing it during a recession won't be easy or very profitable.

I'm interested because of my investment in Manolete Partners.

jonwig
29/1/2019
16:46
More on today's numbers.
aleman
29/1/2019
15:24
Good information, thanks Aleman!
edmundshaw
29/1/2019
09:57
UK individual insolvencies in Q4 leapt 35% over a year ago to reach levels of the last recession as IVAs hit a new quarterly record of 22.7k. (See Fig 10.) Corporate insolvency trends are cluttered by one-offs but the underlying trend for Q4 was a rise of 11% on a year ago from very low historical levels. (See Table3 and Figs. 5+7.)



It looks like BEG probably got a lot busier in Q4 and I very much doubt the economy has got any better since.

aleman
18/1/2019
00:21
Another year added to forecasts:


Year Ending Revenue(£m) Pre-tax(£m) EPS P/E PEG EPS Growth Div Yield
2019-04-30 57.00 1.62 4.35p 14.3 1.6 9% 2.60p 4.2%
2020-04-30 58.77 2.30 4.75p 13.1 1.4 9% 2.75p 4.4%
2021-04-30 60.40 4.17 5.25p 11.8 1.1 11% 2.90p 4.7%

And they keep getting revised up slightly as the economy slows. Anybody think the economy is going to boom any time soon?

aleman
17/1/2019
23:36
ANyone know who's selling? I might have to buy more.
runthejoules
09/1/2019
10:07
From a broader article in the FT about insolvencies in China "


"In the UK, Brexit is forecast to lead to a jump of almost a tenth in insolvencies, even in Euler Hermes’ base-case scenario that an agreement is finally reached. In the event of a disorderly Brexit, corporate failures are expected to rise by 15 per cent or more, depending on the terms on which the UK leaves the trading bloc."

romi2nikki1
03/1/2019
15:56
I've found what caused the New Year's Eve jump:



Shares to bring you cheer in 2019: the Telegraph’s picks.

aleman
20/12/2018
14:19
I see ADVFN's chart has finally caught up.
aleman
20/12/2018
13:30
Perhaps worth remembering that BEG was at 140p back in 2009, and that when it was a smaller company.

We really have had a run of lean years for insolvencies, with zombie companies on the increase for many years, and many staggering on due to cheap money, with the number sharply turning up (on a narrow definition of zombie) after the crisis of 2009 and the dramatic emergency crash in interest rates from 4.5% to 0.5% in a matter of months. With interest rates on the rise (at least in the US - the UK is not following at the moment for obvious Brexit reasons, but I expect that to be temporary) some of those companies are going to find interest rate burdens no longer sustainable, and many other companies will enter zombie status (defined - loosely - as where where interest payments exceed profits) as interest rates push on upwards.

edmundshaw
20/12/2018
12:36
The 2.5p rise since this morning's open (which ADVFN has completely managed to miss) seems to be because Investors Chronicle have updated their coverage with a BUY at 68.4p. ADVFN still show the price at 58.25p when the current spread has risen to 60.4p-61.8p
aleman
20/12/2018
10:17
The latest in the company formations/dissolutions series. Follow the dissolved trend, which is up to a new high.

Quarter Formed Dissolved Net formations

Q1/14 147,274 87,223 60,051
Q2/14 148,393 92,515 55,878
Q3/14 141,807 96,561 45,246
Q4/14 136,184 97,138 39,046
Q1/15 159,397 83,312 76,085
Q2/15 153,422 87,047 66,375
Q3/15 147,049 99,219 47,830
Q4/15 138,802 90,437 48,365
Q1/16 172,096 134,157 37,939 (technical spike due to legal change in Q1/16)
Q2/16 172,935 111,930 61,005
Q3/16 154,685 102,681 52,004
Q4/16 146,987 111,133 35,854
Q1/17 170,143 108,919 61,224
Q2/17 152,411 114,756 37,655
Q3/17 153,307 129,734 23,573
Q4/17 146,852 117,545 29,307
Q1/18 167,717 129,688 38,029
Q2/18 166,886 126,554 40,332
Q3/18 164,424 131,407 33,017

aleman
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