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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
  -0.40 -0.42% 94.60 95.00 96.00 97.00 94.40 94.40 128,902 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 70.5 2.9 0.7 135.1 119

Begbies Traynor Share Discussion Threads

Showing 2376 to 2398 of 2975 messages
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DateSubjectAuthorDiscuss
16/4/2019
11:26
UK Claimant Count continues to accelerate. +28.3k. Https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/outofworkbenefits/timeseries/bcjd/unem If the current accelerating trend continues, Claimant Count will probably hit a 23-year high in a little under a year. Insolvencies tend to follow Claimant Count (rather than ILO unemployment) so I'd hazard the guess BEG are getting a lot busier.
aleman
05/4/2019
07:56
That's a bigger one for a good price. I expect analysts will have to update forecasts. About 9% more pretax profit for less than 1% more shares (plus cash and contingents)? That should see forecasts for the year starting next month up to about 5.6p? Maybe up the dividend forecast to 3p? BEG is very cash generative and growing organically and by astute acquisitions. I reckon p/e should be about 15. On 5.6p of earnings that gives a price target of 84p for me. And I actually think those earnings will likely be beaten due the effect of the slowing economy on the corporate recovery side.
aleman
05/4/2019
07:43
Building up the Surveying side today - seems a good deal - immediately earnings enhancing.
podgyted
26/3/2019
16:13
More expansion? BTG division this time. Https://www.privateequitywire.co.uk/2019/03/25/274314/trio-funding-specialists-joins-btg-advisory-team
aleman
25/3/2019
10:05
@podgyted @Aleman Thanks for your take on the ROCE.
ronin92
24/3/2019
18:06
Yes, I look at the yield curve daily now. Not quite inverted but at 0.13, after having bounced back to 0.18. When it goes negative then it’s a pretty reliable indicator of recession with 6-12 months or so.
topvest
24/3/2019
17:38
US and UK yield curves have flattened quite a bit in recent days as investors have taken to buying long bonds at ever lower yields. This suggests their economies have slowed further and investors are seeking safety. It looks like rate cuts are needed soon or recession is on the cards.
aleman
24/3/2019
14:52
BEG has been acquiring businesses ready for the next recession - so amortization of intangibles is rising - and deal costs are high. BEG adjust these out in their headline figures of adjusted profit but ROCE use statutory profits. The fact is ROCE will be low in this type of business until they make hay during recessionary times - I hold as a counter-cyclical measure, along with gold.
podgyted
20/3/2019
11:04
Off the top of my head, I would imagine posibly three reasons to investigate. The typical cyclical downturn for insolvency work after a recession, possibly aggravated by the implementation of ultralow interest rates and QE (at a time BEG acquired a few other practices and probably maintained staff levels higher than needed for a recessionary boost that never really arrived as expected). Acquisitions in related sectors may have required slightly higher capital levels - notable Hugh's auctions and Taylors property services. I think there might have been marginal cost additions for regulatory changes in the last year or two to bring them more into line with the rest of Europe. Not sure on this but have seen a few ariticles about technical changes that I've not really read.
aleman
19/3/2019
23:16
I'm considering whether to buy some BEG shares and have some questions. Why has the ROCE for BEG been trending downward for over a decade? Is it normal in this line of business to have an ROCE of 3.5%?
ronin92
19/3/2019
11:35
Claimant Count continues to accelerate. Feb +27k on the month to 1039k, and +205k up (+24.6%) on last February. Now highest since June 2014. Https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/outofworkbenefits/timeseries/bcjd/unem Historical Claimant Count trend and insolvency trends do trend similarly to some degree.
aleman
11/3/2019
11:42
The website office total has risen by 2 to 74, compared to 44 in Feb 2017.
aleman
11/3/2019
11:41
The website office total has risen by 2 to 74, compared to 44 in Feb 2017.
aleman
05/3/2019
07:49
Nothing to worry about there. A rather dry Q3 update but BEG tend towards the understated and it sounds like there is ongoing growth in appointments as one would expect. H2 contingencies seem to be settling nicely and it's good to hear the property business is going well. Fingers crossed that results might nudge in just above forecasts. I would not expect the FY dividend to exceed the 2.6p forecast (4.3% yield) since the company seems to be regularly making small acquisitions, but I fancy those acquisitions will see future dividends do better. I think we'll see at least 2.8p next year and 3p for 2021 unless the economy picks up, which seems very unlikely. This still seems good value insurance against all the UK and global uncertainties at the moment.
aleman
03/3/2019
11:49
12 Dec 2018:- "We remain confident of delivering increased revenue and earnings in line with current market expectations for the full year. We anticipate a second half weighting to our results, reflecting the completion of current contingent fee engagements together with higher activity levels. "With our strong financial position, we continue to look for opportunities to develop and enhance the group, both organically and through selective acquisitions. We will provide an update on third quarter trading in early March 2019." Interesting to see what the update says this week. I'm generally of the opinion its in a good place at the moment to grow strongly with, for example, blood on the high street. Plus, if hard B happens, its a good hedge.
podgyted
06/2/2019
10:39
Interesting article and a crucial point made. Zombies were kept alive by slashing short rates (and using QE to suppress long rates). That can't be repeated to the same extent in this recession so I would expect zombies to go to the wall in far greater numbers. There is already signs of a pick up in insolvencies over the last year or two. It looks like recession is now landing and they are increasing rapidly. Can central bankers stop it again or will it spiral. I don't think we'll have long to wait to find out.
aleman
06/2/2019
10:09
Stockwatch: Big benefits for patient shareholders - HTTPS://tinyurl.com/y8foq5vk 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! Https://www.investorschronicle.co.uk/shares/2019/01/30/news-tips-apple-lse-wizz-air-more/ 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: Https://www.stockopedia.com/content/small-cap-value-report-wed-30-jan-2019-cas-sal-auk-call-beg-yu-botb-tap-441678/
aleman
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