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Pin to quick picksBegbies Share News (BEG)

Share Price Information for Begbies (BEG)

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Share Price: 107.50
Bid: 107.00
Ask: 109.00
Change: 0.00 (0.00%)
Spread: 2.00 (1.869%)
Open: 107.00
High: 108.00
Low: 107.00
Prev. Close: 107.50
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Thursday newspaper share tips: Positive results for Ashtead prompt hold rating

Thu, 10th Dec 2015 10:36

(ShareCast News) - Ashtead Group's positive results has prompted The Telegraph's Questor to recommend holding on to the company's stock.The FTSE 100 equipment rental company posted a positive start to the year on Wednesday, with first half revenue growth of 18% driven by a strong second quarter.Underlying revenue for the quarter grew 17% at constant exchange rates from £477.9m to £589.0m, boosting first half revenues to £1.13bn.That led to a first half pre-tax profit of £342.7m, up 21% on 2014's £265.5m and will pay a 4p per share interim dividend.The company also increased its capital invested in the business from £588m to £696m, and saw a 19% return on investment.Questor said the results prove that the company's strong first quarter wasn't a fluke, and the strong US construction market has allowed the company to outperform its competitors.It also said the group relies on strong rentals due to its business model."Ashtead borrows from banks to buy construction tools and then rents them out to customers."If demand is steady then profits flood in, but if the economy slows and the tools are not rented out, then interest payments still have to be made and profits can fall sharply."With the company's management increasing the dividend, Questor said it underlines their confidence in the company's future.However, the tipster noted that with the shares up more than 22 times since the financial crisis, the dividends are nice but aren't worth chasing and rated the shares at 'hold'.Over at The Times, Tempus is looking into a case of schadenfreude with Begbies Traynor.The business recovery and property services consultancy company saw revenue for the six months to 31 October rise from £20.8m to £25.5, leading to a £0.5m rise in adjusted profit before tax.It said the results were in line with expectations despite a challenging market with a 10% year on year reduction in the number of UK corporate insolvencies.Tempus labelled investing in the company as "unpatriotic"."They are a bet on the rest of us drowning, on small companies across the land being plunged into insolvency and handed to banking wolves."If profits and revenues at Begbies are soaring, Britain is heading in the opposite direction."With that in mind, it said that the results are good news for non-investors as the company has had a rough few years, and Shore Capital warned that there was no sign of the market improving - in part it's a sign the economy has had a good run.While Tempus hoped that would remain the case, it recommended buying the shares at some point but not yet."This is a well-run company that makes money on others being badly run."There will be no shortage of the latter in the long run."
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3 May 2023 09:24

Barratt on track for full-year profits, sees early signs of recovery

Improved demand allows group to reiterate profit target

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2 Mar 2023 16:31

IN BRIEF: Begbies buys Sheffield-based surveyor Mark Jenkinson & Son

Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Says Eddisions will expand its operations in Sheffield through the acquisition of Mark Jenkinson & Son, a firm of chartered surveyors with a focus on property auctions, for GBP400,000. Says the acquisition will expand its existing Sheffield team, following the October 2021 acquisition of Fernie Greaves Chartered Surveyors, whilst integrating with and expanding its property auction business. Adds that the Mark Jenkinson & Son business generates annual fee income of around GBP1 million.

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2 Mar 2023 13:34

Begbies Traynor acquires Sheffield-based surveyor firm

(Sharecast News) - Begbies Traynor announced on Thursday that its property advisory and transactional services division Eddisons has expanded its operations in Sheffield through the acquisition of Mark Jenkinson & Son, a chartered surveyor firm specialising in property auctions.

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27 Feb 2023 14:51

TRADING UPDATES: Begbies Traynor backs outlook; Elixirr revenue jumps

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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27 Feb 2023 09:15

Begbies Traynor on track to meet full-year expectations

(Sharecast News) - Begbies Traynor said on Monday that it was on track to meet market expectations for the year after its third-quarter performance was in line with the first half.

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31 Jan 2023 14:09

Britain's Tesco buys Paperchase stationery brand

Tesco not buying Paperchase stores

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30 Jan 2023 08:49

Rising interest rates have a sting in the tail for Europe's banks

LONDON/FRANKFURT, Jan 27 (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail.

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27 Jan 2023 07:00

Rising interest rates have a sting in the tail for Europe's banks

LONDON/FRANKFURT, Jan 27 (Reuters) - Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail.

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24 Jan 2023 14:38

UK firms facing "combination" of woes heading into 2023 - Begbies

(Alliance News) - The number of UK businesses in financial distress has picked up, as legacy Covid debt, rampant inflation and tumbling consumer confidence puts companies closer to collapse, according to a report on Tuesday.

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13 Dec 2022 17:01

LONDON MARKET CLOSE: Markets buoyed by US inflation reading

(Alliance News) - Stocks in London closed higher on Tuesday as a cooler than expected US inflation reading boosted investor sentiment.

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13 Dec 2022 14:06

Begbies Traynor half-year profit soars as revenue grows significantly

(Alliance News) - Begbies Traynor Group PLC on Tuesday said half-year profit soared as revenue also grew by double-digits in both of its divisions, while it declared an increased interim dividend to shareholders.

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13 Dec 2022 13:19

Begbies Traynor lifts dividend after 'strong' first half

(Sharecast News) - Business recovery, financial advisory and property consultancy Begbies Traynor reported a "strong" first half performance on Tuesday, with double-digit revenue and profit growth in both of its divisions.

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6 Dec 2022 15:51

UK earnings, trading statements calendar - next 7 days

Wednesday 7 December 
Baltic Classifieds Group PLCHalf Year Results
Finsbury Growth & Income Trust PLCFull Year Results
Ixico PLCFull Year Results
Mitchells & Butlers PLCFull Year Results
Moonpig Group PLCHalf Year Results
Monks Investment Trust PLCHalf Year Results
Naked Wines PLCHalf Year Results
Quiz PLCHalf Year Results
Redde Northgate PLCHalf Year Results
SDI Group PLCHalf Year Results
Thursday 8 December 
Balfour Beatty PLCTrading Statement
British American Tobacco PLCTrading Statement
DS Smith PLCHalf Year Results
DWF Group PLCHalf Year Results
Evgen Pharma PLCHalf Year Results
Focusrite PLCFull Year Results
Frasers Group PLCHalf Year Results
Hipgnosis Songs Fund LtdHalf Year Results
Numis Corp PLCFull Year Results
On The Beach Group PLCFull Year Results
Purplebricks Group PLCHalf Year Results
Redcentric PLCHalf Year Results
S&U PLCTrading Statement
SDCL Energy Efficiency Income Trust PLCHalf Year Results
Seraphine Group PLCHalf Year Results
Tern PLCQ3 Results
Friday 9 December 
Anglo American PLCTrading Statement
Associated British Foods PLCTrading Statement
Berkeley Group Holdings PLCHalf Year Results
Diploma PLCFull Year Results
Taylor Maritime Investments LtdHalf Year Results
Monday 12 December 
no events scheduled 
Tuesday 13 December 
Begbies Traynor Group PLCHalf Year Results
Chemring Group PLCFull Year Results
FRP Advisory Group PLCHalf Year Results
Hyve Group PLCFull Year Results
Ocado Group PLCTrading Statement
RWS Holdings PLCFull Year Results
Sosandar PLCHalf Year Results
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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17 Nov 2022 14:50

TRADING UPDATES: Water Intelligence eyes revenue at top end of outlook

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursay and not separately reported by Alliance News:

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17 Nov 2022 13:14

Begbies Traynor describes 'strong' first-half performance

(Sharecast News) - Business recovery, financial advisory and property consultancy Begbies Traynor reported a "strong" first-half financial performance in an update on Thursday, with revenue expected to have increased 12% to £58.5m.

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