Updates

Begbies Traynor

September 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Insolvency practitioner Begbies Traynor, which looks well-placed to exploit sagging economic conditions, published final results slightly ahead of expectations. Its Business Recovery and Financial Advisory side grew sales 10% to £90m (6% organic) with EBIT profit up 14% to £24m. Its market share in UK insolvencies was maintained at 13% including 11% in administrations. The order book encouragingly grew 19% to £35.2m. In Property Advisory & Transactional revenue grew 12% (+3% organic) with profit up 19% at £6m. Shore Capital’s unchanged forecasts are for eps of 10.1p and 10.6p in FY’24. It notes “the shares trade on a forward PE of 13.4 against a 5-year average of 16x, a discount which looks anomalous at this point in t ...

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TClarke

ME Group

Begbies Traynor (January 2024)

Begbies Traynor - Business insolvency specialist eyes rising administrations (July 2023)

Begbies Traynor (September 2022)

Begbies Traynor - Corporate insolvency specialist beating expectations (July 2022)

Begbies Traynor (January 2022)

Begbies Traynor - Insolvency practitioner eyes spike in business following furlough closure (September 2021)

Begbies Traynor - Provider of corporate insolvency services sees ballooning demand (August 2008)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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