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Sharechap that's a really simple and effective tip, i appreciate it. Thanks.
I've helped myself to shares for my elder son in his SIPP. Nothing to get excited about, just 1300 of them
the gazette - all notices
I sometimes use this site to get an idea of how busy Begbies and others are (Quantuma/FRP). It's not a perfect science, but if you type 'Begbies' into into the 'text search' section and show '100' by latest, it paints a good picture for shareholders of BEG imo.
https://www.thegazette.co.uk/all-notices/
Begbies Traynor (LON:BEG) - Red Flag Report - is here. Just in case you found last night's TV news too cheerful, here's another helping of doom, No surprises to hear that bars & restaurants, and retailer sectors are struggling - we've been expecting this to worsen, due to the ending of the rent moratorium (which made paying rent optional during the pandemic). So a cull of zombie companies is coming - leaving more business for the companies that survive of course ( Next (LON:NXT) mentioned earlier this week about good weather, and less competition, as being a surprise upside on the performance of its retail stores). Begbies also mentions construction as another problem sector, which I'm surprised at, as the listed construction companies have been putting out fairly upbeat trading updates recently. Do readers have any thoughts on that? This is an unusual comment on inflation from BEG - "Businesses continue to be impacted by rising inflation in the 'real economy' which is far exceeding the official rate of more than 9%.". There's a big rise in CCJs. No surprises here, but it's worth a reminder -
"We are now in a very high inflationary environment that's piling pressure on businesses that were already weakened by the shock of the pandemic.
"Sectors most exposed to discretionary consumer spending - bars and restaurants and general retailers - are feeling the pain most. Hit by staff shortages due to the latest spike in Covid rates, their customers are now reining in spending on anything that's not necessary, ahead of the expected hike in the energy price cap, and we are seeing clear signs of this in this Red Flag data."
"I am also particularly concerned for those SMEs who operate in energy-intensive sectors, such as manufacturing, as some could simply become unviable. Without the benefit of an energy price cap, business energy tariffs have at least trebled, and for many it will be much worse."...
..."Additionally, the anticipated double-digit rise in business rates next April will heap more pressure on to vulnerable businesses, despite some benefiting from the recent revaluation.
Begbies Traynor Group plc (AIM: BEG), the business recovery, financial advisory and property services consultancy, conducted an investor presentation covering their final results for the year ended 30 April 2022.
Ric Traynor (Executive Chairman) and Nick Taylor (Group Finance Director) ran through the detailed overview of their numbers, discussed their Operating and Strategic review, and answered a range of questions from the viewing audience.
The full video is divided into chapters:
0:00:03 introduction to Begbies Traynor
0:03:37 Full Year results overview
0:12:08 Operating and strategic review
0:19:03 Strategy & Summary
0:23:42 Questions & Answers
Link to full video: https://www.equitydevelopment.co.uk/research/fyresultspresentation-27july2022
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
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: https://www.piworld.co.uk/company-videos/begbies-traynor-beg-full-year-2022-results-presentation-july-2022/
Or listen to the podcast here: https://piworld.podbean.com/e/begbies-traynor-beg-full-year-2022-results-presentation-july-2022/
Strong FY22 results announced, well ahead of original market expectations, plus a good start to new FY.
New research out from Equity Dev with fair value raised to 175p/share, read it here and NB management present by webinar on Wed 27th July:
See Note: https://www.equitydevelopment.co.uk/research/building-service-breadth-market-share-and-margins
Webinar registration: https://www.equitydevelopment.co.uk/news-and-events/begbies-traynor-investor-presentation-27july2022
Increased revenue, profits and proposed final dividend with bullish narrative. Happy to continue to hold in expectation of accretive news in the months and years ahead
Begbies Traynor Group plc (AIM: BEG), the business recovery, financial advisory and property services consultancy, will be conducting an investor presentation covering their final results for the year ended 30 April 2022 and the outlook.
The presentation will be hosted by Ric Traynor, Executive Chairman, and Nick Taylor, Group Finance Director.
The online event will take place at 11.30am on Wednesday 27th July, and is open to all existing and potential shareholders.
Questions can be submitted during the presentation to be addressed at the end - you can register to attend on the link below:
https://www.equitydevelopment.co.uk/news-and-events/begbies-traynor-investor-presentation-27july2022
The purchase of Budworth Hardcastle fits neatly alongside Eddisons’ footprint in East of England. With results due 19 July we retain our 165p fair value.
Read / hear summary of new note here:
https://equitydevelopment.co.uk/research/another-sensible-bolt-on-deal
The business section in todays issue of Sunday Times has BEG tipped as a BUY. May influence the price next week and tempt some retail customers to dust off their cheque books
Technical Analysis is not really an area where I have much experience but I do note that sometimes quite bullish signals are presented. One such signal is a Golden Cross....... This is where the 50 day and 200 day moving averages are rising and the 50 day MA crosses through the 200 day line.
BEG seems to be in contention to produce this signal during the next few weeks. Anyway, I was happy to buy shares in BEG when I did and find that this is one of the few holdings this year in my portfolio to be in positive territory.
It's a no brainer putting money on this glad I bought weeks ago.
Equity Development upgrade forecasts for the year to end April ’22 and ahead of detailed results in July keep their fair value of 165p / share. Full note and audio summary here:
https://www.equitydevelopment.co.uk/research/upgrades-on-back-of-positive-year-end-update
....multiplied by 3-4 issues per month c.36 issues per year and we got >1% dilution p.a. It's a force pulling in the opposite direction to EPS.
Going into a recession with levels of debt at least double what they were in 2007 and savings at a record low. Debts so high that if interest rates go much higher those debts can never be repaid. Inflation going into double digits and there is nothing that kills businesses faster than inflation.
Pound weakening against the dollar which in itself will send inflation soaring as all commodities are priced in dollars. War in Ukraine causing geopolitical uncertainty and food shortages. Threat of covid mutating still hovering in the background. A very nasty outlook indeed.
A tiny drop in the ocean - 45,000 shares compared to 153.4m shares already in issue. Not exactly anything to sweat buckets over.
here we go again.Another 45000 share to dilute. Might not be much but it seems relentless. Is there no end to nest feathering at shareholders expense
The latest UK Govnt insolvency statistics make sobering reading and suggest that Begbies' services will be in demand over the next 18 months. Equity Development publish update and retain a 165p/share fair value – free access to see / hear full note:
https://www.equitydevelopment.co.uk/research/insolvency-data-underpins-our-fair-value
Getting in here before the potential financial storm. With energy and fuel hikes many businesses will unfortunately fall by the wayside. Better being with the vultures than not. Should be massive scope for this share.
Bought a few of these this morning as can see upward potential over the coming weeks.