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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
  -3.20 -3.69% 83.60 82.20 83.40 86.40 82.40 85.60 290,884 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 70.5 2.9 0.7 119.4 107

Begbies Traynor Share Discussion Threads

Showing 2426 to 2449 of 3100 messages
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DateSubjectAuthorDiscuss
19/6/2019
00:26
10-2 is not a yield curve. It's just a partial section covering around 1/4. (I don't know why US investors have come to obsess about this. They sometimes use others sections and sometimes the full range. Sections sometimes do not tell the full story.) 30-years are currently 2.55% and Fed Fund rate is 2.37%. That is only 0.18% over the entire curve and it has dropped a lot in recent weeks, indicating significant stress in the credit markets. A healthy curve would be around +1.5% to 2% from 0 to 30. The Treasury curve is inverted (longer dates lower than overnight) from 0 to 21 years. Compared to a more normal +2%, +0.18% is a sign of severe stress. Investors are bidding down long rates to 1.5%+ below normal in a flight to safety as they fear the Fed has set short rates too high for its target inflation which will result in deflationary damage to the economy. So do we trust the Fed or bond markets? Every modern recession (back to WWII I think, certainly 1980 on) has been preceded by an inverted yield curve. That means the Fed has got it wrong every time - waiting too long to cut short rates as bond markets' long yields have indicated deflationary stress, and then having to slash heavily in a panic when it got messy. We look to be going that way yet again. Also Treasury is not the only yield curve. There are others - Eurodollar, municipal bonds, corporate bonds, etc. One or two of them partially inverted before Treasuries and are slightly more inverted (or were until recently). QT might be distorting the Treasury curve to make it a bit less inverted than market forces would otherwise be making it.
aleman
18/6/2019
20:44
Fundamentals are heavily involved here.. We're three weeks from results and people are tuning into the words of wisdom from the recent "comfortably ahead of expectations Trading Statement" from CEO.. Time will tell. CC
cravencottage
18/6/2019
19:48
Yield curve has still not quite fully inverted. I've been watching for the last 6 months hxxps://fred.stlouisfed.org/series/T10Y2Y
topvest
18/6/2019
15:50
Also worth noting is that some chartists would describe the chart under 76p as a cup and handle, and a breakout from a cup and handle tends to predict a jump of similar size to the handle. In this case that is maybe 16p - by coincidence, the same size as the gap in the chart that is asking to be filled on a breakout.
aleman
18/6/2019
15:38
Should be good for a quick jump to 90-95p if it can break 76p. There was little volume in that gap previously. Before or after results? free stock charts from uk.advfn.com
aleman
18/6/2019
12:42
I'm not surprised these are testing new highs. We look to have panic buying in bond markets this week. UK 10-year gilts down 0.06% to 0.79% today. US Treasury yield curve nearly entirely flat now. They are screaming recession yet the Fed and B of E are still talking about not cutting rates immediately. Always too little, too late and then into crisis mode when it kicks off. Gold is hitting new highs just to rub it in.
aleman
11/6/2019
20:58
People have been digging into the ILO numbers and finding lots of things that suggest all is not well but I'll just pick out the main odd trend that hints that things have changed. Companies shed 37k jobs but self-employment turned the overall figure positive. In the last recession, there was a documentary showing people were losing their jobs but not showing up as unemployed as they were being pushed into self-employment even if they could only find work for a few hours a week as photographers or gardeners - but the in-work benefits were better so they were happy to be called self-employed.
aleman
11/6/2019
19:01
Market makers having a laugh today shaking the tree....Carry on shaking chaps you wont be shaking me out before I've seen the "Comfortably ahead results" Lots of large trades gone through and in the main all buys 20k , 25k and 26.6k purchases all over 75p a share. This gives me confidence and all bodes well for results imo. Probably some of the people high up in BEG tipping their pals off about the good news in the pipeline for results in July..
cravencottage
11/6/2019
09:22
Claimant Count up 23.2k last month. +224.3k on a year ago. +344.3k from Feb 2016 low. It continues to tie in quite well with insolvency trends. Https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/outofworkbenefits/timeseries/bcjd/unem
aleman
10/6/2019
19:50
Thanks Aleman - yes, another nice bolt-on. Looks like we may get a chart break-out soon in the run up to £1. Recession risk in the next 12m are pretty high in the UK. Also, the odds of a global recession must be shortening, but at least a year-off.
topvest
10/6/2019
18:56
Another small acquisition - too small for an RNS. I gather assets are about £400k (almost entirely cash and debtors) and increased about £15k in the last accounting year. Employees rose from 4 to 5. I gather this deal went through at the start of March but has only been announced now, presumably once changes to a BT format have been completed satisfactorily. Https://www.begbies-traynorgroup.com/news/firm-news/begbies-traynor-acquires-stoke-insolvency-firm Begbies is not on a cheap rating but it is very cash generative and is using that cash to make these regular small acquisitions. The growth in its market seems to be accelerating and it is acquiring market share on top of that. I think we should be due a nice upgrade to forecasts when the results arrive in 4 weeks. The recent rise in the share price may have covered that or not - we shall soon see.
aleman
10/6/2019
16:17
Wow what a day for BEG.....Is this the beginning of a breakout? Check out the trades somebody bought 50000 @ 76p and another 46599 @ 76.25p.. Either somebody knows something we don't or the market is waking up to the fact that "comfortably ahead of expectations" continues into 2020 numbers with imminent upgrades on the horizon.... Whatever way you look at it these are exciting times for holders of BEG..
cravencottage
10/6/2019
11:25
Well that's answered my question from last week!.
essentialinvestor
09/6/2019
18:53
Hear hear.
ironstorm
08/6/2019
21:34
Just having a quick look at the forecasts and according to the latest broker notes ( which in imo will be upgraded post results) Beg are forecasting 4.7p Eps for 2019 and 5.4p Eps for 2020... For the record they've come out and said they're " comfortably ahead of expectations' in their latest Trading statement. Taking a conservative approach I think we can reckon on a forward price earnings ratio of 15 times 5.4p ( which in all honesty will be closer to 6p eps) but if we apply the maths on a conservative basis we have a forecast mid price of 81p Now given the state of the economy and all the harbingers pointing to recession I think given the divi increase upon results and inevitable broker upgrades I reckon within the orbit of results the price will be considerably higher than todays.. As always DYOR CC
cravencottage
07/6/2019
07:05
My three most profitable shares, these plus two gold miners. (Not in that order) Says it all really. The car industry is imploding and traditionally a harbinger of recession. Yield curve inverted. Aussie meltdown. Global rate cuts. Changes at the helm of at least 3 of the main central banks. I think we are in the final days (weeks) of this bull market. Profits should be protected.
ironstorm
06/6/2019
19:25
Ford closing the Bridgend Plant,Honda pulling out of Swindon, Arcadia group looking to shave and save wherever possible, Jamie Oliver's restaurant chain folding. Aviva cutting 1800 jobs (worldwide) All a prelude to recession imo.
cravencottage
06/6/2019
17:51
I think the outlook for Begbies must be improving. There seems a lot more financial distress around.
topvest
06/6/2019
10:02
Looking perky of late. Rising into results in 5 weeks?
aleman
05/6/2019
10:19
Break through 75 pence on results...
essentialinvestor
22/5/2019
13:25
A bit of economic news - probably more significant than some: Goverment tax receipts continued their weakening trend last month. Monthly total take was +2.3% versus LastFullYear +4.9%, of which production taxes were 0.0% versus LFY +4.3%. So, total and production tax growth both comfortably exceeded GDP of about +1.8% last tax year, but they have reduced by 2.6% and 4.3% respectively in April, suggesting a slightly negative April GDP print to come on June 10th. Https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/bulletins/publicsectorfinances/april2019
aleman
22/5/2019
11:16
hope the ceo has jamie oliver's team on his speed dial!
edwardt
15/5/2019
20:01
Agreed, yes its ticking up. Somewhat contradicts the positive total jobs position this week. I guess that the government pushes the stats that suit them and look better.
topvest
14/5/2019
13:14
It's not getting any better out there. Claimant Count +24.7k. Now nearly 1.1m from 750k in early 2016. Https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/outofworkbenefits/timeseries/bcjd/unem
aleman
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