Begbies Traynor Share Price (BEG)

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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 Shares Traded Last Trade
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  4.20 3.1% 139.80 158,258 16:35:03
Bid Price Offer Price High Price Low Price Open Price
136.60 138.60 140.00 136.00 136.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 110.00 4.05 -0.30 215
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:03 UT 31,546 139.80 GBX
Related Shares
Compass (CPG), Experian (EXPN), Billing Services (BILL), Mi-pay (MPAY)

Begbies Traynor (BEG) Latest News (1)

Begbies Traynor News

Date Time Source Headline
30/9/202215:18UKREGBegbies Traynor Group PLC Total Voting Rights
28/9/202216:27UKREGBegbies Traynor Group PLC Additional Allotment and New Issue
22/9/202210:43UKREGBegbies Traynor Group PLC Result of Annual General Meeting
22/9/202207:00UKREGBegbies Traynor Group PLC AGM Statement
07/9/202212:04UKREGBegbies Traynor Group PLC Total Voting Rights
24/8/202217:23UKREGBegbies Traynor Group PLC Notice of Annual General Meeting
24/8/202217:03UKREGBegbies Traynor Group PLC Additional Allotment and New Issue
05/8/202216:38ALNCNewsBegbies Traynor Red Flag Report finds increased critical distress
05/8/202207:00RNSNONBegbies Traynor Group PLC Latest Red Flag Alert Report for Q2 2022
29/7/202209:52UKREGBegbies Traynor Group PLC Total Voting Rights
More Begbies Traynor News
Begbies Traynor Investors    Begbies Traynor Takeover Rumours

Begbies Traynor (BEG) Discussions and Chat

Begbies Traynor Forums and Chat

Date Time Title Posts
23/9/202210:28Begbies Traynor Grp3,450
08/7/201822:50Begbies Traynor (BEG) One to Watch on Monday -
17/7/201712:57Begbies Traynor Group plc76
11/10/201420:41Is the UK going into RECESSION?50
15/11/200615:48Begbies with Charts & News3

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Begbies Traynor (BEG) Top Chat Posts

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Posted at 02/10/2022 09:20 by 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 135.60p.
Begbies Traynor Group Plc has a 4 week average price of 133p and a 12 week average price of 133p.
The 1 year high share price is 156p while the 1 year low share price is currently 97p.
There are currently 153,788,749 shares in issue and the average daily traded volume is 172,561 shares. The market capitalisation of Begbies Traynor Group Plc is £214,996,671.10.
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Posted at 22/9/2022 09:07 by 2bluelynn
Good statement off epic BEG begbies this morning
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Posted at 22/9/2022 07:46 by 2vdm
Agree podgyted. BEG is down with the rest of the market, but looks like there's plenty of work in the pipeline. Sad generally, but I suspect the govnt's energy bail out for business won't be enough and we'll see more liquidations coming.
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Posted at 12/9/2022 09:01 by 2vdm
Current administrations league table as follows: FRP 88, BEG 60, Chamberlain & Co 51, Leonard Curtis 37, Interpath 34, Quantuma 34,Kroll 30, Grant Thornton 27
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Posted at 09/9/2022 15:46 by daneswooddynamo
The market agrees with you. A fair bit of technical resistance for beg here but the odds must be on further progress soon
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Posted at 25/7/2022 07:45 by edmonda
New deal builds on successful 2021 acquisition (new note from Equity Development) BEG has rapidly followed up announcement of its strong FY22 results with the acquisition of London-based property finance brokerage Mantra Capital. The terms of this latest transaction, which like previous deals is expected to immediately enhance earnings, include a £4.5m upfront payment (£4m cash / £0.5m shares) and a potential £13.5m earn out (cash & shares mix) subject to material profit growth in the next four years under ownership. Mantra will join MAF Finance Group (acquired May 2021) to form BTG Funding Solutions, a national finance brokerage with complementary sector expertise. Its FY21 revenues were £4.2m, normalised pre-tax profits £1.2m (reported on the same basis as the group). We have adjusted our forecasts for the contribution from Mantra this year, use of cash and new shares issued. This transaction underpins our view of fair value at 175p / share now equivalent to 17.5x FY23e PER, and still based on a relatively conservative view of entirely organic growth. Link to note & audio summary: https://www.equitydevelopment.co.uk/research/new-deal-builds-on-successful-2021-acquisition
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Posted at 21/7/2022 09:08 by tomps2
Begbies Traynor (BEG) Full Year 2022 results presentation - July 2022 Begbies Traynor management Ric Traynor, Executive Chairman and Nick Taylor, Group Finance Director, present results for the year ended 30 April 2022. Watch the video here: www.piworld.co.uk/company-videos/begbies-traynor-beg-full-year-2022-results-presentation-july-2022/ Or listen to the podcast here: piworld.podbean.com/e/begbies-traynor-beg-full-year-2022-results-presentation-july-2022/
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Posted at 18/7/2022 16:10 by bwana4
Rimau1, I agree completely. The presentation is on the 27th by the CEO. Are they going to give the share price time to climb and give it the final kick by the presentation ? I am sure tomorrows statement will be bullish. I am also holding FRP their results are on the 22nd.
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Posted at 05/7/2022 19:25 by bwana4
LOL a lot running for the hills now.Patience required. This is long term share hold. Sell now and buy later ? What if the results are very good and the share price shoots up ! Everyone to their own. ATB.
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Posted at 19/5/2022 13:18 by route1
Yup, begging for Begbies, that's if they are able to afford them at the higher SP, but at whatever price new investors buy in at theycan rest assured of further progress in the share price in view of the turmoil and continued mismanagement of the UK economy.
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Posted at 26/5/2021 15:21 by 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.
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