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
  10.00 7.58% 142.00 600,970 16:35:16
Bid Price Offer Price High Price Low Price Open Price
139.40 140.60 141.00 131.40 131.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 83.83 1.91 0.10 1,420.0 216
Last Trade Time Trade Type Trade Size Trade Price Currency
16:39:18 O 25,000 140.00 GBX

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Begbies Traynor Daily Update: Begbies Traynor Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker BEG. The last closing price for Begbies Traynor was 132p.
Begbies Traynor Group Plc has a 4 week average price of 126.60p and a 12 week average price of 111.80p.
The 1 year high share price is 149.20p while the 1 year low share price is currently 80p.
There are currently 151,800,552 shares in issue and the average daily traded volume is 255,733 shares. The market capitalisation of Begbies Traynor Group Plc is £215,556,783.84.
santangello: I agree Ox, may see some words from respected sources later/tomorrow.....which will no doubt put a fire under the share price ?
tomps2: Begbies Traynor (BEG) FY21 results presentation Executive Chairman Ric Traynor and Group Finance Director Nick Taylor present the Group’s 2021 full-year results, for the period ending 30th April , 2021. Watch the video here: Https:// Or listen to the podcast here: Https://
tole: Wild: Begbies Traynor The British government's furlough schemes have helped keep a lid on insolvency rates during the pandemic. But with these financial support programmes set to end, I think now could be a good time to invest in Begbies Traynor Group (LSE: BEG). Indeed, buying this UK share before full-year results are released on Tuesday 20 July could be a very good idea. Despite a depressed insolvency market Begbies Traynor said in May that full-year revenues would grow ahead of market expectations following a strong fourth-quarter performance. News that trading has remained robust in the new financial period (to April 2022) could help lift the small cap again following recent share price weakness.At current prices Begbies Traynor trades on a rock-bottom forward price-to-earnings (PEG) ratio of 0.4. This provides plenty of scope for a fresh move higher.
tole: mega-cheap stock for JulyBegbies Traynor Group (LSE: BEG) shares have also been losing value in recent sessions. I'd use the UK share's drop from 12-year highs as a fresh dip-buying opportunity as, like AO World, I think it looks too cheap to miss on paper. This particular company - an expert in the field of corporate insolvencies - trades on a forward PEG ratio of just 0.4.Hand holding pound notesI think it's a particularly good buy with fresh financials just around the corner. Last time it updated the market back in May, it advised that trading for the 12 months to April would be "comfortably ahead of market expectations", with revenues and profits rising. Last year's strong results came in spite of a 34% decline in company insolvencies in the year to March 2021.I look forward to seeing what Begbies Traynor's full-year financials will say on Tuesday, 20 July. Trading has been boosted by its knack of making shrewd acquisitions, which continues to progress at an encouraging rate. And I expect trading across its business to pick up significantly later in 2021 when government furlough support schemes end and UK businesses move back into the danger zone.Of course any acquisition-hungry company like Begbies Traynor runs the risk that what it buys could disappoint. Worse-than-expected trading or unexpected costs can take a big bite out of profits projections and cause share prices to fall. Still, this UK share's cheap price puts it on my radar of top stocks to buy for July.
tole: Traynor Group (LON:BEG) – good corporate recoveryThe year-end trading update from this business recovery, financial advisory and property services consultancy group was extremely bullish – with the management predicting that its finals will be far better than market expectations.Analyst Rachel May at brokers Shore Capital upped her estimates for the end-April year from £77.6m revenue to £83.7m (£70.5m), while lifting her profit view £0.4m to £11.5m (£9.2m).Going forward the expanded group could see £97.5m sales this year and £17.2m profits, worth 8.6p per share in earnings.Those estimates mean the shares continue to look attractive, trading at around the 134p level.
wcj: iii piece yesterday: Over the next six months, this company should attract more and more momentum buying. Last December at 87p, I set out a ‘buy’ rationale on AIM-listed corporate recovery specialist Begbies Traynor Group BEG 0.15% . Its interim results to 31 October had cited the biggest quarterly leap in UK financially distressed businesses since 2017 – up 6% to 557,000 despite a legal backlog thwarting wind-up petitions. Acquisitive firms usually enjoy a near-term boost Operating margins had also re-rated to 15% after databases have shown annual mid-single-figure percentages. Mind however, there is scope to take radically different views as to profit, hence price-to-earnings (PE) multiples also. When a group like this is acquisitive (four already this year) transaction costs will be significant but are stripped out of ‘normalised217; profit. Amortisation of goodwill (the premium paid to tangible value, which is usually big for a successful ‘people business’) is also deducted, albeit chiefly an accounting convention. It does mean such listed companies can report dramatic uplifts in performance, but you may not know exactly how successful are the deals for a few years. With earn-outs typically taking up to five years, these can also weigh on profits by way of contingent liabilities. Personalities may clash as people businesses integrate. Once vendors have completed their earn-outs, they and other staff may move on. Discover how to be a better investor 10 shares set for earnings growth Such concerns are brushed aside, however, amid current ‘risk-on’; sentiment towards equities. Begbies has progressively re-rated over 60% and now tests 140p a share, which capitalises it at around £200 million. Management says results for the group’s year to end-April will show revenue of £83.7 million versus expectations for £77-79 million, and adjusted pre-tax profit will be £11.5 million versus £10.5-11.5 million. Encouragingly, this is before the 2021 acquisitions kick in. A mercurial, if potentially very rewarding, business to project Various factors conflate, if not conflict. The broad sense of owning Begbies shares is as a play on more challenged times – its quarterly ‘red flag’ alert reports of UK businesses showing a trend of rising financial stress in the year or so. This may get worse as government support measures taper off to leave vulnerable firms exposed. A curiosity has been such red flag reports showing a 42% year-on-year increase in ‘significant’ financial distress since the first quarter of 2020. Yet the actual UK insolvency rate has plunged 34% to 11,081 firms in the year to end-March 2021 – due to financial support measures. Management says it raised UK market share from 8% to 10.4% over two years from October 2018. This, together with an increase in the average case size, has mitigated weakness in the overall market. The sense that insolvencies are poised to rise – Begbies cites an expected 50% increase during 2021 – grates with economic messaging that the UK economy is already experiencing its strongest recovery since the Second World War. Although it could be that an overdue clearance of ‘zombie’ firms (over-reliant on debt) is about to happen. Also blurring projections on Begbies’ revenue/profit is how insolvencies often have a deferred element, paid out of the administration process, which may take years. Potentially this could enhance Begbies’ numbers on, say, a three-year view. You can therefore entertain varying scenarios, possibly with a median even base-case outlook for ‘normalised217; net profit of £10 million – or higher, if synergies arise from the takeovers. Mind, better performance will increase earn-outs, hence temper profits growth. Modest dilution from deals helps a low PE scenario With near 151 million shares issued (the deals have not involved onerous dilution and the group has circa £3 million net cash not debt) a £10 million normalised net profit scenario implies a forward PE sub 7x – hence the stock has justifiably tweaked up from about 125p before a 20 May year-end trading update. As AIM stocks go, Begbies is a quality operation in essential business services and with a proven earnings/dividend record. It offers a radically better risk/reward profile than many that are more speculative. The stock is down a penny or two this morning, but on a six months’ view I would not be surprised if it continues overall to attract momentum buying. The chart, underlying potential and valuation all look attractive, assuming insolvencies do rise. So while it is tricky to confidently assert ‘buy’ on a longer-term view, the company’s credentials do look stronger than ever. I adjust stance to ‘hold’, simply reflecting wider uncertainties and a re-rating, but this should not be interpreted as a downgrade. It is just more speculative now to assert a conviction of ‘buy’. Busily acquisitive this year, with the two biggest-ever deals January saw the £21 million (including earn-outs) acquisition of CVR Global, a leading insolvency practitioner, which added the group’s first overseas office. A significant overlap of operating locations was said to enable £750,000 of annualised operating synergies. Then in February came the £1 million purchase of a small London-based firm of chartered surveyors, to integrate with Eddisons, the group’s property advisory side. Underlying group trading also appeared to improve by this point: on 23 February it was said the annual results would be “at least” in line with expectations. In March, another key insolvency practice was bought: David Rubin & Partners, in London/Guernsey, for £25 million (including earn-outs). This was Begbies’ largest acquisition, intended to boost its presence in the UK business recovery market especially in London. A £22 million equity placed at 105.5p incurred 16% dilution. Stockwatch: time to upgrade this mid-cap share Check out our award-winning stocks and shares Isa May has seen the addition of MAF, a Midlands-based finance broker for up to £12 million with earn-outs. Working with banks and specialist funders, MAF arranges finance for firms in a wide range of industries towards buying equipment, vehicles and property. It is hoped to complement other Begbies services, especially debt advisory, and should also extend the group’s relationships with lenders. Begbies Traynor Group - financial summary Year ended 30 Apr 2015 2016 2017 2018 2019 2020 Turnover (£ million) 45.4 50.1 49.7 52.4 60.1 70.5 Operating margin (%) 0.7 3.7 2.9 5.3 7.3 5.5 Operating profit (£m) 0.3 1.9 1.4 2.8 4.4 3.9 Net profit (£m) -1.6 0.5 -0.3 1.4 2.3 0.9 EPS - reported (p) -0.6 0.4 0.2 1.3 1.9 0.7 EPS - normalised (p) 1.4 0.9 1.3 2.0 2.9 2.4 Price/earnings ratio (x) 57.4 Return on equity (%) -1.0 0.7 0.4 2.5 3.9 1.5 Operating cashflow/share (p) 3.9 6.2 5.2 6.6 4.9 1.3 Capital expenditure/share (p) 1.3 0.5 0.3 0.4 0.9 0.6 Free cashflow/share (p) 2.6 5.8 4.9 6.2 4.0 0.7 Dividends per share (p) 2.2 2.2 2.2 2.4 2.6 2.8 Yield (%) 2.1 Covered by earnings (x) -0.3 0.2 0.1 0.5 0.7 0.3 Cash (£m) 9.2 7.6 6.7 3.5 4.0 7.3 Net debt (£m) 12.8 10.4 10.3 15.7 14.6 11.1 Net assets (£m) 61.0 60.2 58.1 56.2 58.1 65.6 Net assets per share (p) 55.7 54.3 54.4 51.1 50.8 51.3 Source: historic company REFS and company accounts Pattern of rising distress levels in UK business If Begbies’ red flag reports are portentous than a rear-view mirror, the UK insolvencies market is now primed. The fourth-quarter 2020 report had cited a 13% increase in businesses in significant distress – the largest since the second quarter of 2017 – albeit unsurprising as lockdowns tightened once again after a relatively easy summer. Each of the 22 sectors monitored showed an increase in significant distress, with 18 experiencing double-digit increases in the final quarter of 2020. Moreover, it was said likely “these figures are the tip of a very large iceberg” given Covid-19 had reduced court activity and winding-up petitions. Stockwatch: an inflation survival plan for investors Coming soon: The ii Family Money Show The first-quarter 2021 report proclaimed a 15% increase in firms in significant distress over the previous quarter alone: “This is a very concerning for the UK economy and highlights the deteriorating financial situation for many companies.” That is a reality check for optimists who reckon on a Roaring Twenties period ahead – as disposable income conflates with demand now unleashed. Begbies’ reports are effectively saying raised consumer demand is vital to offset potentially lower corporate demand within the overall economy. But it could just mean a vigorous restructuring lies ahead. Quite a tough call then, with fresh money It depends how disciplined you want to be, and how speculative. Unless Begbies’ reading of the insolvency market is flawed, and its expansion has come at precisely the wrong time, profit-taking looks premature. If broadly correct, then analyst targets of 165p a share are well justified and will get raised again in due course. Hold.
rcturner2: Paul Scott very positive on Stockopedia. "Begbies Traynor (LON:BEG) (I hold) - year end trading update for FY 04/2021 - comfortably ahead of expectations. Also strong cashflow, ending the year with net cash of £3.0m. 4 acquisitions in the last year have gone well. There's lots to like here - I see BEG as cheap, and executing well on acquisitive growth."
boonkoh: Annoyingly looks like steady volumes of profit taking last few days, probably those who got primarybid shares at 105.5p.Hopefully once that dies down, share price will continue its rise.
tomps2: BEG are to acquire David Rubin & Partners, insolvency practice, maximum consideration £25m. Funded by a fundraise for £22m at 105p per share. (Included an open offer on Primary Bid), The acquisition is expected to be immediately earnings enhancing. This delivers a significant increase in the scale of the business recovery and financial advisory business. Combined with the CVR acquisition, there is a material increase in the scale of the London market. With the recent acquisitions and other organic growth initiatives, they are well positioned to deliver material growth in 2021/22. Here, a presentation on the acquisition by Ric Traynor, Exec Chairman and Nick Taylor, Group FD. Video Https:// Podcast Https://
hawaly: Here you go "Begbies Traynor 87p Business restructuring company Begbies Traynor (LSE:BEG) has remained highly profitable, even though the number of insolvencies has declined in the past year. That decline is not likely to continue in 2021 as the government withdraws and reduces Covid-19- related financial support. Recent interims showed a one-quarter increase in pre-tax profit to £5 million, while the dividend was raised by 11%. Begbies moved into a net cash position. Both the business restructuring and property services divisions grew revenues organically, although there was a lower profit contribution from the latter. Management believes that Begbies is still on course for a full-year pre-tax profit of £9.8 million despite the headwinds this year. A jump in profit to £13 million is anticipated for 2021-22. There is potential for further acquisitions plus the recruitment of teams of professionals, like the Grant Thornton team that joined earlier this year, that can enhance earnings. The shares are trading on 15 times prospective 2020-21 earnings, falling to less than 12 the following year. AIM-quoted rival FRP Advisory Group (LSE:FRP) is trading on a higher rating for the current year and its growth next year is expected to be more modest than for Begbies. Buy." GLA 😎
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