Prediction of autumn bankruptcies in this article |
Decent Trading Update.
Revenues up 25%, exceeding February guidance. Also increased market share in restructurings and insolvencies which overall were weakened by Govt support measures. The real test will be seeing how this pans out with the withdrawal, finally, of the main support measures which, being unsustainable with the massive tax burden, cannot continue indefinitely.
Results on 27th July. |
Especially good given this is Aim and Liberum are not the company's broker, so no axe to grind. |
If anyone has access to the report and could send it I would dearly love to read it |
It was initiated at Buy at Liberum with 170p target |
Strange with the falls today in beg and Mano, something is afoot.. |
No tip that I can see - inevitable resistance around this level seems to be holding for the time being, can buy 70,000 @ 129p at the moment |
Has this been tipped somewhere? |
This has risen 25% in the last 3 months. And in the last few weeks the trajectory has sharpened. |
Only 396 shrs available to buy at 126p, can sell at 125.5
Just no stock about, might move quickly but would have to use limit orders, fill or kill or dma to buy a decent stake |
 Yes, thanks for the heads up.
Some quotes from the RNS:
Highest quarterly leap recorded by Red Flag Alert as almost 100,000 additional businesses drop into significant financial distress in Q1 2021
-- 723,000 businesses now in 'significant financial distress(1) ', a 15% increase from Q4 2020 to Q1 2021 (almost 100,000 increase)
-- 42% year-on-year increase in 'significant financial distress(1) ' (213,000 businesses) since Q1 2020
-- Number of businesses in significant financial distress increased in all 22 sectors analysed by this research in the last quarter
The latest Red Flag Alert research for Q1 2021 has recorded 723,000 businesses in 'significant financial distress(1) ' after the largest numerical quarterly leap (93,000) recorded in the research since its new version was launched in 2014. This 15% increase (from 630,000 in Q4 2020) comes as the UK starts its exit from lockdown.
Julie Palmer, Partner at Begbies Traynor, said:
"The dam of zombie businesses could be about to break. The last 12 months have undoubtedly been some of the hardest that many businesses have ever encountered. We must remember that this is no ordinary recession and while businesses have had significant assistance from central government, large parts of the economy have been put on hold with substantially reduced revenues.
"Opening the doors of consumer-facing businesses on April 12(th) may well seem like a big step in the right direction for many of these companies as they try to shake off the traumatic trading of the last 12 months. However, our experience shows that unmanageable levels of debts and subsequent overtrading are likely to be the hidden icebergs waiting to sink even the highest profile businesses" |
Interesting Red Flag report update issued by BEG this morning. |
Chart looking good for 130p target last seen Aug/Sept 2020. |
Given the strength in K3C and RGBP currently isn't it due some interest? More would be welcome |
Ah, apologies my mistske |
No, as I said it's not that - which was simply an administrative change of ownership. |
JTC just bought 7.71% :-) |
Bit of interest today? And as explained at the top of it, not at all related to today's holding notice. Something else driving this. |
You can see a 'higher low' on the chart; a sign that the gradual drift from June 2020 may be over, with the shares starting to attract more interest - as investors here start to look ahead to the necessary withdrawal of government support.
A clear timetable of quarterly dividend payments will also help that process. |
Nothing more tedious than a misguided, obsessive conspiracy theorist. |
Geoff Rowley always in the thick of controversy.Just wait until he, FRP & RPC Law are fully exposed with regards to the sham administration of Koovs |
Just topped up on the news, fully invested in this sector as I feel it is vastly undervalued and once the support ends the big boys will move in. Onwards and upwards. GLA |
Pandemic impact 'yet to be felt on High Streets' |
Good acquisition just announced; Spectrum Corporate Finance.
'On an annual basis going forward it is expected that Spectrum's underlying incremental contribution to FRP will be revenue of GBP7.5 million and adjusted(1) EBITDA of GBP2.1 million'
That would feed through to around a 10.5% increase in profits for the coming year. |
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