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BEG Begbies Traynor Group Plc

101.00
0.00 (0.00%)
13 Dec 2024 - Closed
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 Shares Traded Last Trade
  0.00 0.00% 101.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
99.60 101.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 136.73M 1.45M 0.0091 110.99 161.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 101.00 GBX

Begbies Traynor (BEG) Latest News

Begbies Traynor (BEG) Discussions and Chat

Begbies Traynor Forums and Chat

Date Time Title Posts
12/12/202416:01Begbies Traynor Grp4,009
08/7/201821:50Begbies Traynor (BEG) One to Watch on Monday -
17/7/201711:57Begbies Traynor Group plc76
11/10/201419:41Is the UK going into RECESSION?50
15/11/200615:48Begbies with Charts & News3

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Begbies Traynor (BEG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-12 16:35:04101.004,4214,465.21UT
2024-12-12 16:29:34101.001,5331,548.33AT
2024-12-12 16:29:34100.50438440.19AT
2024-12-12 16:28:1099.8098.98AT
2024-12-12 16:28:1099.80109.98AT

Begbies Traynor (BEG) Top Chat Posts

Top Posts
Posted at 12/12/2024 08:20 by Begbies Traynor Daily Update
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 101p.
Begbies Traynor currently has 159,498,995 shares in issue. The market capitalisation of Begbies Traynor is £161,093,985.
Begbies Traynor has a price to earnings ratio (PE ratio) of 110.99.
This morning BEG shares opened at -
Posted at 12/12/2024 16:01 by tomps2
Begbies Traynor (BEG) Half year results presentation - December 2024

Begbies Traynor Executive Chairman, Ric Traynor and Group Finance Director, Nick Taylor present the group’s results for the six months ended 31 October 2024, followed by Q&A.

Watch the video here:

Or listen to the podcast here:
Posted at 10/12/2024 10:40 by rivaldo
Good results imo too.

Canaccord have raised their target price slightly to 150p (from 148p).

Forecast EPS rises to 10.4p EPS (from 10.2p EPS) due to the share buybacks, and they see "upside risk" to those forecasts:

"Valuation and Recommendation

Given the strength of H1'25, and what we see as a very supportive macro outlook, we see ongoing upside risk to forecasts in the short-term. Over the medium-term, we would not be surprised to see this accelerate via further accretive bolt-on acquisitions. Our valuation methodology remains unchanged and we continue to value Begbies at 14.5x CY25E P/E, which is a 10% premium to its 10-year average P/E multiple. We believe this is justified by the company's strong prospects at the current point in the cycle. Our new target price is 150p (prev: 148p), +59% implied upside. Maintain BUY."
Posted at 20/11/2024 14:54 by adipsia1
BEG and FRP may seem superficially similar but the profitability attached to the work referred to them differs greatly. FRP typically are referred larger Administrations which will involve restructuring and turnaround scenarios, whereas BEGs forte is liquidations of companies for whom there is no hope. BEG do receive Administrations but they tend to be smaller, less complex and therefore less profitable. BEGs perception amongst lenders and stakeholders who would refer work, is cheap and cheerful undertakers; FRPs reputation tends to be one where they have the skills and experience to undertake complex refinancing, restructuring or business sales leading to their patient surviving... hence the discrepancy between both companies profit margins.
Posted at 20/11/2024 14:10 by aleman
FRP does larger insolvencies and insolvencies seem to be moving up the value chain. I'd guess BEG can only do so many small insolvencies and then its pipeline will just get longer. FRP's pipeline will get lomger too but it will then prioritise/cherry pick the bigger ones that make most money? I don't think BEG has the admin structure to deal with many bigger ones? It's a large network of small offices, though some of the more recent acquisitions and rationalisation seem to be introducing a small amount of centralisation. However, they also brought diversification into cyclical busineses, so BEG is not as countercyclical as it used to be. So I'd guess both will grow in time but FRP's will be slightly more front-loaded as the downturn spreads and BEG might do better when normal growth resumes - or perhaps I should say IF normal growth resumes ...
Posted at 18/11/2024 09:25 by boonkoh
Frustratingly, they provided zero guidance on the future profile of deferred consideration still outstanding.This is the key. For a 10.5-11p EPS, we should be looking at a 11-12x PE at least (115-133p share price). Possibly more to 13x or 14x PE.However, the market is punishing Begbies for poor cashflow. This is because of the huge lumps of deferred consideration paid. This will fall off quickly, given the big acquisitions are now a few years ago now. But Begbies is giving almost zero visibility of the future cashflow profile in te next few years of these considerations.(I hold in the Boon Fund)
Posted at 17/11/2024 10:12 by the bolton wanderer
I increased my holding in BEG last week.
The share price is disappointing but the half year results should be out in a few weeks which might give it some momentum.
With a decent dividend it's a long term hold for me.
Posted at 15/10/2024 14:02 by bend1pa
'it's all budget related'
=========================
It's hardly budget related. BEG has been in freefall since Jan '23. AIM stocks generally have been taking a pounding for the past 2 years. It's only recently that some PIs have woken up to this. Most AIM companies doing well over this period have still seen their share price hit hard.

BEG currently near a 4 year low.
Posted at 14/10/2024 16:45 by adipsia1
You need to be more specific about your use of the term "fee-earners". For most of us a fee-earner is someone who generates NEW business. The majority of BEGs employees are workers whose time is invoiced on an hourly rate BUT subject to a creditor-controlled mandate on any insolvency job.True "fee-earners" - for most of us - are the movers/shakers/sales people who bring NEW cases in, from which time/cost income can be generated. This is the fundamental disparity between BEG and FRP. The majority of BEGs insolvency-related employees operate on a time-charge basis, but that is limited based upon available funds in a given case. Most of BEGs cases are too small. There is no fat on the bone.
Posted at 15/8/2024 15:02 by adipsia1
Interesting research published by Berenberg today concerning both FRP and BEG together with target price updates:

The German bank stated FRP Advisory, the largest UK appointment taker for administrations, offers exposure to what it thinks will play out as accelerated structural growth. Berenberg raised its target price on the 'buy' rated stock from 200.0p to 220.0p.

As far as Begbies Traynor was concerned, the UK's largest appointment taker for liquidations has demonstrated "a strong post-pandemic rebound", now stabilising at elevated levels over the last two-and-a-half years. However, Begbies shares have "materially de-rated" since the turn of the year, currently standing at historically low multiples despite a positive recent trading outlook, indicating growth across all service lines.

"With solid forecast organic EPS growth, alongside M&A optionality required to meet a targeted £200.0m of revenue, we view current pricing as anomalous. We update our price target to 150.0p (from 170.0p) today," said Berenberg.
Posted at 11/9/2023 10:45 by suetballs
melody - just the type of organisation I would expect beg to pick up.
Obviously very bad luck for H Mitton.
Now let's see if the beg share price improves towards the year end - otherwise I think I'm a seller.
Suet
Begbies Traynor share price data is direct from the London Stock Exchange

Begbies Traynor Frequently Asked Questions (FAQ)

What is the current Begbies Traynor share price?
The current share price of Begbies Traynor is 101p.
How many Begbies Traynor shares are in issue?
Begbies Traynor has 159,498,995 shares in issue.
What is the market cap of Begbies Traynor?
The market capitalisation of Begbies Traynor is GBP 161.09 M.
What is the 1 year trading range for Begbies Traynor share price?
Begbies Traynor has traded in the range of 83.20p to 120.00p during the past year.
What is the PE ratio of Begbies Traynor?
The price to earnings ratio of Begbies Traynor is 110.99.
What is the cash to sales ratio of Begbies Traynor?
The cash to sales ratio of Begbies Traynor is 1.18.
What is the reporting currency for Begbies Traynor?
Begbies Traynor reports financial results in GBP.
What is the latest annual turnover for Begbies Traynor?
The latest annual turnover of Begbies Traynor is GBP 136.73M.
What is the latest annual profit for Begbies Traynor?
The latest annual profit of Begbies Traynor is GBP 1.45M.
What is the registered address of Begbies Traynor?
The registered address for Begbies Traynor is 340 DEANSGATE, MANCHESTER, M3 4LY.
What is the Begbies Traynor website address?
The website address for Begbies Traynor is www.begbies-traynorgroup.com.
Which industry sector does Begbies Traynor operate in?
Begbies Traynor operates in the FINANCE SERVICES sector.

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