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?

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

Profit warning issued on 07/12/07 results due 30/01/08.

http://www.yorkshirepost.co.uk/businessnews/Rise-in-firms-on-critical.4044617.jp

Rise in firms on critical list

02 May 2008

By Lizzie Murphy

THE number of companies facing critical problems in Yorkshire and the North East has risen by almost 300 per cent but it is still the least affected region in the UK, according to a new report.

The credit crunch is resulting in nearly four times as many North East companies experiencing serious actions and judgements in the first quarter of 2008 compared to the same period last year.

The worst affected sectors are construction, property and retail, according to business recovery experts Begbies Traynor.

According to its latest report there were 328 companies with critical problems in the first quarter of 2008 compared to 85 during the same period last year.

Nationally 3,309 companies are facing critical problems with a further 140,000 firms experiencing significant difficulties, an increase of almost 20,000 on the same time last year.

The worst affected region is the South East, with nearly five times the number of critical problems than in the first quarter of 2007.

Approximately 15 per cent of the firms experiencing the most difficult of circumstances will enter into a formal insolvency procedure within 12 months, the report predicted.

Ric Traynor, executive chairman of Begbies Traynor Group, said: "Although the picture is far from rosy anywhere in the country, the North East has shown the most resilience in the face of the credit crunch.

"The combination of adverse economic conditions and tightening credit availability has clearly had a major impact on companies in the first quarter of 2008 and, in particular, London and the South East has been hit the hardest.

"This trend is expected to continue and will undoubtedly lead to more companies being pushed into insolvency over the coming months."

Mr Traynor added: "Clearly, the credit crunch is beginning to bite and the decreasing availability of credit is being felt by the most fragile companies seeking to extend credit lines and/or refinance. The pressure is exacerbated by lenders having to tighten criteria still further and alter terms as they struggle to maintain margins.

"There appear to be notable increases in the numbers of companies facing critical problems across the board, albeit the North East has fared relatively well. However, with increases in critical problems at almost three hundred per cent, the outlook still looks challenging."

The quarterly Begbies Traynor Red Flag A!ert statistics monitor adverse actions and other corporate distress signals, such as the issue of county court judgments.