Begbies Share Price (BEG)

About time this started to move at last !!

Thanks for your thoughts Dartron. Interesting for sure but the way I see the state of the economy going forward is that the growth in earnings from core business increases should help bolster the SP re-rate over the 12 months irrespective of the acquisition costs already incurred. We will see of course but always good to have a balanced view.

I would recommend reading the ADxxxx other chat board.

A few posts there explain the difference between BEG and FRP. Also talk of the future liabilities from acquisitions.

As the posters conclude, 2026 should be good for BEG, but not much to look forward to next year. They going to need most of the cash to pay acquisition costs, so no buy backs etc. That said, according to the IC equities tool, there are 4 analysts with an average 12 month price target of 1.46. I guess it should bottom soon, then perhaps make a slow ascent over 2025.

What is this stock for 2025? Its not income as easy to beat with much lower risk. Its not growth either. Just bag holders. Should change the ticker to BAG.

Recognised as a liability £5,946

Anticipated future liability based on current financial performance £13,137

Total current estimate of anticipated future payments £19,083 20,989 (sum of the two above)

Doubled my holding this morning. Just baffled by the SP since beginning since 1st Oct. It is like the market doesn't believe the forward guidance but I do. just have to re-invest the Dividends as they come at these prices.

The current Begbies market cap of £140m makes little sense in comparison to the FRP market cap of £395m.

Therefore, the current price looks hugely appealing.

However, I have a large holding (by my standards) and the one thing that does cause me concern is the lack of dynamism. Too much of the growth comes from acquisitions and not enough from organic growth.

The London office appears to have grown considerably in recent years, but mainly through acquisition. As far as I can see, Leeds, Manchester and Birmingham aren’t pulling up any trees.

The senior leadership team all seem to be over 60.

Where are the dynamic younger leaders that are capable of organic growth?

Maybe this is where investors see FRP having the advantage.