Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The acquisition of David Rubin was announced in the RNS around 5pm. The market closes at 4:30pm, simple.
I agree, why rush to buy the placing if you didnt buy before close?
Sometimes I think theses are done to panic buy PI’s...
I guess we will see the answer at open tommorow.
Saving on the purchasing costs and latest acquisitions. Plus recent articles is giving the right kind of exposure.
Bought a few tonight - acquisition looks like a good strategic purchase as we emerge from covid lockdown world
Just to clarify, I am aware Beg is AIM, therefore not all costs apply.
Cost savings are a factor to be taken into account when buying PB placings, (just preempting the more pedantic readers)
Interesting Primary Bid offer, existing shareholders will be happy there is no dilution. New investors have no dealing costs and no stamp to pay and there's no spread. Take that into account and there is a 1.5p to 2.5p per share saving depending on whom their broker is. Only downside is that there is not much incentive in the pricing and the placing might not be that successful. Although it is of course a good addition to the portfolio of the longer term investor.
Good points raised. Wish I had more time to investigate in more detail - as a newbie to trading rather than my current long term holdings. I’m going to take a small punt on the basis that previous acquisitions have been well received. There will be lots of company restructuring required post covid. The risk here is the amount being raised - much higher than in the past. This share is a long term steady riser I think. But what do I know - only trading since the new year.
Why consider investing in the placing tomorrow if you weren’t buying it today? Never seen a placing at a premium to market price.
I would expect the price to be over 105.5p tomorrow so might be a good shout
Just seen the placing on primarybid, is it worth investing in the placing at 105.5p?
Placing price of 105.5, above today’s close SP
Now the gradual decrease in SP over the last month makes sense. Forward sold I bet.
An excellent growth record across the economic cycle (16% CAGR in adj. EPS over 4 years) and strong prospects (+50% EPS growth forecast in next 2 years) are not reflected in Begbies shares rating.
Equity Development see fair value at 140p: full initiation note just published and freely available here:
https://www.equitydevelopment.co.uk/research/delivering-sustainable-quality-growth
Good trading update, once the Government business relief packages end the company will be in a strong position to grow. The Government support scheme is supporting a lot of Zombie companies that would already have folded. The Covid situation as we know is accelerating a new way of business online v high street etc..
GLA and FRP had strong results, EBITDA above market expectations, would expect the same for Begbies, topping up agian at this level. IMO DYOR
Business restructuring company Begbies Traynor (LSE:BEG) has remained highly profitable, even though the number of insolvencies has declined in the past year. That decline is not likely to continue in 2021 as the government withdraws and reduces Covid-19- related financial support.
Recent interims showed a one-quarter increase in pre-tax profit to £5 million, while the dividend was raised by 11%. Begbies moved into a net cash position. Both the business restructuring and property services divisions grew revenues organically, although there was a lower profit contribution from the latter.
Management believes that Begbies is still on course for a full-year pre-tax profit of £9.8 million despite the headwinds this year. A jump in profit to £13 million is anticipated for 2021-22. There is potential for further acquisitions plus the recruitment of teams of professionals, like the Grant Thornton team that joined earlier this year, that can enhance earnings.
The shares are trading on 15 times prospective 2020-21 earnings, falling to less than 12 the following year. AIM-quoted rival FRP Advisory Group (LSE:FRP) is trading on a higher rating for the current year and its growth next year is expected to be more modest than for Begbies. Buy.
I have a Watchlist of around 20 companies, BEG has the greatest upside v any of the others fundamental are strong. RLE also has a lot of upside v the current SP but the Rental market is vulnerable with the pandemic so this will remain on the watchlist until things become clearer.
Why isnt this 150 yet? bored waiting obviously it will get to this point and far higher. acquisitions and organic growth. The perfect play over the next 12-24 month. IMO DYOR
I think this is a good long terms hold, very confident in the path this company is on. I am sure its services will be in huge demand over the next few years.. the Government support mechanisms won't last forever. This company offers other advisory services so not just limited to company failures. The acquisitions are a very good way of growing the business through acquisitions. Seems the way of the world these days the smaller profitable business gets swallowed up by the larger group wanting to grow even more. I have money invested in this stock for many years to come.. If you have done your research, follow director buys, broker ratings and share tips / ideas.. this one ticks all the boxes... Be patient put it away for 2 or 3 years and relax.
this stock is showing classic signs of a nervous market that is afraid of losing its small gains !!!
people are going against there own beliefs and common sense.
imo this stock is about to have the best 2 years trading it has ever had starting this spring.
the writing is on the wall. dyor
Whats gone on here today ? Crazy trading.
With acquisitions and divi of 1p in April, this should be over 120p. Plus an avalanche of work coming down the road!
Very strange, looking cheap again now
Cannotnderstand why people are not buying into BEG? When they have just acquired another company for immediate expansion and the guaranteed income and customers that will ‘gush’ into Begbies as soon as furlough tap switched off, the furlough is keeping 2 million people in employment and thousands of insolvent and indebted companies going.! There will be a sp rise of over 30p come May!
Hoping to see this stock I am holding medium to long term starts to knock through the 120p and onto 125/126. Needs to start moving and representing itself and its new acquisition shine!!