Share Name Share Symbol Market Type Share ISIN Share Description
Begbies Traynor Group 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
  +0.00p +0.00% 72.50p 72.20p 73.00p - - - 0 08:00:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 49.7 0.6 -0.2 - 78.13

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Date Time Title Posts
17/2/201814:36Begbies Traynor Grp2,094
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
2018-02-21 14:22:2273.9010,0007,390.00O
2018-02-21 10:02:5273.734,0602,993.33O
2018-02-21 09:37:3073.73404297.86O
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Begbies Traynor Daily Update: Begbies Traynor Group is listed in the Support Services sector of the London Stock Exchange with ticker BEG. The last closing price for Begbies Traynor was 72.50p.
Begbies Traynor Group has a 4 week average price of 71.40p and a 12 week average price of 63.25p.
The 1 year high share price is 77p while the 1 year low share price is currently 48p.
There are currently 107,760,386 shares in issue and the average daily traded volume is 37,271 shares. The market capitalisation of Begbies Traynor Group is £78,126,279.85.
topvest: Well the share price is looking perky. Sort of reinforces the expectation that BEG historically moves up as the "wall of worry" builds. Next year looks a tough one for the UK economy. Of course, whether we have a full blown recession is likely to be driven by the US. But, with low volatility and some companies priced for perfection, there is little capacity for the market to deal with an external shock or maybe several bits of bad news.
aleman: BEG went up last time because it looked like the world was ending. The reality was the cut in base rate from 5.0% to 0.5% quickly made that doubtful and personal insolvencies soon peaked towards the end of 2009, with it being apparent in financial markets that the worst was over before then. Personal insolvencies, in the end, only rose from 25k to 35k and then drifted down until a couple of year ago. Corporate went from 4k to 7k in a similar trend. (scroll down for charts) Http:// That 0.5% interest rate saved loads of zombie companies and actually meant those in debt up to their eyeballs could go out and borrow more so the economy grew again. Do we see a repeat in the next recession? A 4.5% base rate cut limited the personal insolvencies rise to 40% and corporate to 75%. The question is, how far can they cut from the current 0.5% and what will that limit the rise to? Share prices don't tell the full tale. The dividend never fell below 2.2p so the share price fall to 20p was quite an extreme undervaluation. It is arguable that the shares should never have gone over 100p and never fallen below 50p. Now ask, if base rate cuts are now so limited, and actually insolvency rates are surprisingly still remarkably similar to 2007, how far can they cut base rate and how much will that stop the shares going over 100p again? If we get another recession - and I think that is very likely - and they can only cut base rate to zero before hitting problems, then I think we can go way over 200p. The last recession was cut off before it started. The GDP hit was focussed more on the financial world, with limited job losses, and did not make it onto the streets in the same was as previous recessions before ultra low interest rates saw a quick (superficial?) financial recovery. The next recession might take down the weak companies and consumers that should have gone last time. But maybe central bankers can come up with some new ingenious financial engineering to save the zombies ..... Whatever comes, I agree with topvest that BEG is a good countercyclical stock. If the recession doesn't come. my other stuff should do okay and BEG should continue to pay a respectable enough dividend. If the recession does come, the already rising trend in insolvencies should soar and so should BEG.
topvest: That's a fair point but if you look at the share price it rose significantly to £2 immediately before the recession and peaked in the Autumn of 2008. I would suggest the share price is looking out at any point in time and this stock will benefit most in the run up to a possible recession as it has started to do already. Last time it came down sharply when insolvencies didn't happen as normal in a recession largely due to money printing and super low interest rates. Insolvencies are at multi decade lows and that is starting to change. Its a pretty good hedge if you ask me, particularly in the next year if a recession is looking more likely. I'm looking to hold long-term, but top-slice half in the Spring if things unfold as I expect.
finkie: Really topvest?! Did you bother to look at their share price in 2008 which was the start of the recession at 200p and their price in 2011/12 the end of the recession which touched a low of 20p? Hardly counter cyclical last time was it :-)
aleman: I discount mining and energy warnings; they are always volatile. That has been leaving 2 or 3 lots of bad news per day, typically, in recent months, which itself is up on last year. Today there are a dozen which have seen significant share price falls of mostly 10%+. UK plc is struggling. (Not to be confused with all the global stocks in the FTSE100.) Http://
aleman: 25% rise in companies in significant financial distress - concntrated more amonsgst SMEs.
dogwalker: Judging by its pathetic share price performance, I'm beginning to think this company has one or two slow-down problems of its own. It appears to be stuck in the mud. No amount of wheel-spinning waffle about what other companies may or may not be doing, & about the economy at large, by a partner of the company, as per today's RNS, is going to help , I'm afraid. If anyone else has any news about the economy or the business climate in general, then of course it's always helpful seeing it posted here. It's such a quiet bb.
aleman: It looks like Begbies' markets picked up in Q1, although it is not entirely clear from this RNSed selection of information from the latest Red Flag report, which highlights a sharp rise in financial problems in a few sectors. Http:// The overall national picture can be picked up, however, in several media reports. They indicated the national total of companies in distress in all sectors rose 7% on the quarter and 8% on the same quarter last year, which indicates a significant reversal of trend following several years of decline. Http:// Nationally 296,054 businesses were experiencing ‘significant’ financial distress in the first three months of 2017, an increase of seven per cent on the previous quarter (276,518 businesses), and an increase of eight per cent on the same period last year. This explains why I've been seeing a lot of recruitment and poaching of staff recently in corporate recovery. The recent increase of companies in distress is also a trend that is likely to accelerate in Q2, given further Brexit/Sterling pressures and taxation and regulatory changes that hit the UK econmomy this spring, such as minimum wage, business rates, rising energy costs, car tax, benefits changes, a sharp reduction in local government support grant, tighter lending regulations - the list goes on and on. I expect Begbies Traynor to see a significant rise in demand for its services this year as the economy slows and I think recession is likely as 2017 progresses. Many consumer stocks are reporting slowdowns already in trading updates that cover Q4 and Q1.
aleman: According to Begbies Traynor's Red Flag Alert research for Q4 2016, which monitors the financial health of UK companies, 276,518 businesses were experiencing 'Significant' financial distress at the end of 2016; an increase of 3% compared to the same period last year (Q4 2015: 268,898 companies). On an annualised basis, the last time that 'Significant' distress fell year on year was in Q3 2013.
topvest: This company is doing OK in my view. The share price will start motoring as insolvencies start to increase. Whether you like it or not it's a FACT that we are now closer to this happening. It may be in the next year, 2-5 years away or longer...but it's coming! This share is one of the best contra cyclical companies that you can buy, if you take a contrarian view. Insolvency experts will be much busier than they are now sometime in the not too distant future given that insolvencies have been heading lower for 6/7 years.
Begbies Traynor share price data is direct from the London Stock Exchange
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