Begbies Traynor Share Price (BEG)

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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	Shares Traded	Last Trade
	+2.20p	+3.82%	59.80p	16,170	12:02:30

Bid Price		Offer Price	High Price	Low Price	Open Price
57.40p		59.00p	59.80p	59.80p	59.80p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	52.44	2.30	1.30	46.0	66.0

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Begbies Traynor (BEG) Latest News

Begbies Traynor News

Date	Time	Source	Headline
19/12/2018	10:33	ALNC	Begbies Traynor Interim Revenue Rises On Acquisition But Profit Down
19/12/2018	07:30	ALNCF	Alliance News Flash Headline
19/12/2018	07:00	UKREG	Begbies Traynor Group PLC Half-year Report
07/11/2018	09:50	UKREG	Begbies Traynor Group PLC Notice of Results
25/10/2018	06:00	RNSNON	Begbies Traynor Group PLC Latest Red Flag Alert Report for Q3 2018
25/9/2018	17:20	ALNC	DIRECTOR DEALINGS SUMMARY: Begbies Traynor Regional Head Sells Shares
25/9/2018	16:52	ALNC	DIRECTOR DEALINGS: Begbies Regional Managing Partner Sells Shares
25/9/2018	10:06	UKREG	Begbies Traynor Group PLC Director/PDMR Shareholding
24/9/2018	15:08	UKREG	Begbies Traynor Group PLC Director/PDMR Shareholding
20/9/2018	12:30	ALNC	Begbies Traynor Continues Track Record Of Earnings Growth

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Begbies Traynor (BEG) Discussions and Chat

Begbies Traynor Forums and Chat

Date	Time	Title	Posts
18/1/2019	00:21	Begbies Traynor Grp	2,222
08/7/2018	21:50	Begbies Traynor (BEG) One to Watch on Monday	-
17/7/2017	11:57	Begbies Traynor Group plc	76
11/10/2014	19:41	Is the UK going into RECESSION?	50
15/11/2006	15:48	Begbies with Charts & News	3

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Begbies Traynor (BEG) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
11:37:43	57.20	1,886	1,078.79	O
11:35:23	57.90	5,138	2,974.90	O
10:42:22	57.90	1,600	926.40	O
09:32:50	57.90	3,454	1,999.87	O
08:33:28	59.80	1,658	991.48	AT

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Begbies Traynor (BEG) Top Chat Posts

Date	Subject
23/1/2019 08:20	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 57.60p. Begbies Traynor Group has a 4 week average price of 57.20p and a 12 week average price of 57.20p. The 1 year high share price is 76.60p while the 1 year low share price is currently 57.20p. There are currently 110,354,289 shares in issue and the average daily traded volume is 153,101 shares. The market capitalisation of Begbies Traynor Group is £65,991,864.82. Read Full Thread Reply
19/9/2018 12:24	aleman: I was too busy with other things to go to the AGM. It looks like something has come from that. There has been a run of buying since yesterday afternoon that has now started to lift the share price a little. Office numbers have risen. Perhaps, the AGM has given a broker the confidence to increase their predicted numbers slightly? Read Full Thread Follow Reply
10/7/2018 14:18	speedsgh: Nice balanced write up on the results in Stocko's SCVR report by Graham Neary today... HTTPS://tinyurl.com/ybb875oh This insolvency practitioner has enjoyed a big re-rating higher over the past year. Investors are preparing for interest rate hikes and for zombie companies to start throwing in the towel en masse, driving up the demand for Begbies' services. Results for the year to April 2018 are moving in the right direction. The company made small acquisitions in February and March, and they will have contributed a sliver of the above revenues. Its financial position has improved: net debt is at its lowest level since 2007, and the total dividend has increased for the first time since 2011. Outlook Given the valuation now attached to these shares, I'm a bit surprised that the outlook statement isn't more bullish. Conditions are described as "stable". Expectations are unchanged, with continued growth to be seen from the pair of acquisitions and from organic investments being made: "Any further growth in earnings in the new financial year could be generated from a faster return on the investments we have made or an overall improvement in our counter-cyclical market conditions." Corporate insolvencies fell slightly in 2017, according to statistics quoted by the company. Q1 2018 saw them ticking back up, but the company offers the appropriate caution: "any sustained increase is likely to be as a result of either a marked change in interest rates or a change in the economic environment". My view I have mixed views on this one. I can see the argument for it playing a counter-cyclical role in a portfolio, and I agree with that. On a standalone basis, however, it's another labour-intensive professional services outfit and its margins reflect this. The operating margin in today's income statement is a lukewarm 5.3%, an improvement compared to last year's lacklustre 3.3%. Also, considering it purely on a standalone basis, higher insolvencies still haven't materialised yet. After such a long wait, there is still no guarantee that this will be occurring any time soon. While I said at the top of this report that investors should try not to place too much emphasis on macro forecasts, Begbies is an example of a stock which is heavily influenced by economic conditions. Apparently, the prospects of a rate hike at the Bank of England's next meeting have fallen from 69% to 62% in recent days. I would expect the Begbies share price to retreat, if interest rates do not rise soon. But I can see why the share has attracted some interest. Probably the main attraction for some will be the 3.5% yield, with prospects for this to improve as Begbies continues to grow market share. Read Full Thread Follow Reply
27/5/2018 21:24	speedsgh: CVAs: landlords take on House of Fraser over company voluntary arrangements - HTTPS://www.thetimes.co.uk/edition/business/cvas-landlords-take-on-house-of-fraser-over-company-voluntary-arrangements-9c9l0bnrt Property giants including Legal & General and Westfield have hired the restructuring firm Begbies Traynor and the property agency JLL to engage with House of Fraser as it prepares to launch a company voluntary arrangement (CVA)... ... Mark Fry at Begbies Traynor said the rally in Carpetright’s share price following its CVA showed how value was being transferred from landlords to equity holders. He said landlords wanted to make sure House of Fraser’s CVA provided “a decent return” and to see whether it “could be improved if one was a little bit more inventive or pushed the boundaries a little bit harder”. House of Fraser said: “We would expect that landlords would take advice. We anticipate a good ongoing dialogue with them.” Read Full Thread Follow Reply
23/5/2018 16:42	aleman: Looks a bit like the share price has corrected to a point it can make progress again. 70p to turn to support? But I'm not a chartist! And I think some good results will have to be seen first. Read Full Thread Follow Reply
06/3/2018 10:40	aleman: I just don't get ADVFN some times. We have a sell at 73.728p and two buys at 74.695p , the last being an hour ago, yet ADVFN still shows the share price at 71.25p since opening. Read Full Thread Follow Reply
10/11/2017 21:08	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. Read Full Thread Follow Reply
22/10/2017 12:10	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://www.hnwmagazine.co.uk/uk-accountancy-news-roundup-the-zombies-are-retreating/ 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. Read Full Thread Follow Reply
21/10/2017 10:53	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. Read Full Thread Follow Reply
20/10/2017 20:54	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 :-) Read Full Thread Follow Reply
18/4/2017 07:36	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://uk.advfn.com/stock-market/london/begbies-traynor-BEG/share-news/Begbies-Traynor-Group-PLC-Begbies-Traynor-Red-Flag/74354257 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://www.portsmouth.co.uk/our-region/portsmouth/figures-find-more-city-businesses-in-distress-1-7918359 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. Read Full Thread Follow Reply

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