Nice results today from Begbies Traynor Group plc, the UK's leading independent insolvency, corporate rescue and recovery specialist.

http://www.uk-wire.com/cgi-bin/articles/200501070700031148H.html

This ought to make money in both a boom and a recession!
Looks like they've lots of growth to come over the medium term.
I hold with a four year (or longer) view.
Anyone else have an interest?

Sorry, that's the clickable web link below.

http://www.uk-wire.com/cgi-bin/articles/200501070700031148H.html

Up yet another 11% today and on no news that I can find.

I was reading about this one at the weekend, though I can't remember where exactly. I'll have a rummage through the recycling bag and let you know....I thought it looked like an interesting prospect....kind of a debt free direct for companies......at least thats what sprang to mind.

Thanks Sandrew64 - Looking at the trades it did seem that a lot of buys came in before 8.30 which I guess is a sign of some weekend press coverage.

Sorry brianboru....thought it was in either the ft or the business but can't find it anywhere....not much help.

unique opportunity apparently - and I think I agree - good results with new LFL business up 35% and management sounding confident re full year outcome and expecting to pay a maiden dividend (which always goes down well). shame i missed the initial rise but have bought sub 70p for medium to long term as I think prospects are very good and hope to see 100p come next results if managent deliver as expected. quality of business suggests it could command a high multiple with time - a strong story for me - do others agree?

shares magazine commented - an impressive debut on the results - haven't seen any other coverage of this share - anyone know of any broker notes, forecasts etc.

...anyone know of any broker notes, forecasts etc....

I think Teather and Greenwood had a forecast forward pe of 16 for 2005 and 14 for 2006 but that will be guesswork I think. The next results should help clarify where they're headed. I like'm because of the business - it seems pretty recession proof!!

acquisition - earnings enhancing and more to come - shares up 3p so all is well - should see more of the same in the future.

I think they make about 20% profit pre tax on turnover - is that about right?
They ought to be able to boost income from this aquisition from 850K to at least 1M so it would seem they're paying a multiple of around 5 times future earnings?

Please feel free to disagree and correct these assumptions, I am no expert!!

Up another 8%+ today and I'm almost tempted to take a short term profit. I'm sure some will but over the medium term this ought to go further still.

Looks like 70p could be decent support on any move back.

Looks an interesting one for sure!
I have to say though...is the epic really BEG for an insolvancy
company?
LOL!!!!

With the rise today the Market Cap now exceeds 50 Million - a level at which institutions start to become interested. (Many ITs etc. don't touch companies below this level). The shares are pretty tightly held so it could get interesting!

And it is. Getting interesting that is!
Apparently tipped in Growth Share investor hence the rise today.

100p in our sights now - lets hope more acquisitions at the right price get a similar market response.

BEG is well paced in a fast growing sector - I think as the economy slows we will see plenty of good newsflow from this company.

Interim Results for the six months to 31 October 2005, will be released on 16 January 2006

http://moneyam.uk-wire.com/cgi-bin/articles/200607030700385149F.html

Excellent results.

The interim results are due on the 16th January.

Business is booming. Expect a rerating during the rest of the month.

I am currently in the Far East ( I am from the UK) and I overheard a conversation from a group of blokes in the piano bar or the Marco Polo Hotel in Cebu. I don't think they realised that I Speak Fluent Tagalog as my wife is Pinay. They were talking about investing in BEGBIES shares in the UK as they heard that a Magazine in the USA had featured this company in a recent article and were tipped to rise in value. I have taken what I heard seriously but just bought a small amount (1000 quid) to be on the safe side. Lets see if my eavesdropping pays off ! hahaha

with all the gllom & doom for 2008, surely this one looks interesting, anyone out there following this one, interims due end of Jan I believe ? Any thoughts would be welcome, is it best to wait for the statement before plunging, a share tip also for 2008