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 know what your saying but if hedge funds decide to pump and dump things can move very swiftly, if they can do such things to such a small company

Nearly at that 200p level now...

Can't make my mind up whether this has got further to go or not.
200p level seems to be difficult to break through & sp is way ahead of the 200 DMA. Possibly went too far, too fast.

Quite a dramatic pullback today, still looking for 150

150 is back to 2007 levels. Why there in particular?
This stock is now tipped to benefit from the recession, which would make 2007 a bad indicator, imo.

Just because it looks like the strongest level of support. Price has dropped through 50 dma though it could be a false breakdown. Might be worth buying a few now and then a few more if it hits 150ish

Begbies Traynor chief exec places shares
Fri 12 Sep 2008

LONDON (SHARECAST) - Andrew Dick, chief executive at the insolvency specialist Begbies Traynor placed nearly 2m worth of shares in the company today, reducing his holding to 7.25% from 9.5%.

The company said his placing of just over 1.2m shares at 165p each will not only help to satisfy demand, but will improve further the level of free float and liquidity in the shares of the group.

Begbies Traynor as a whole is placing around 7.9m shares at the same price. It says the funds will be used to help fund expansion at its business insolvency practice, which should see strong growth as the economy slows down.

We are delighted with the level of demand for Begbies Traynor's shares from a variety of blue chip institutions, both existing and new investors, and very much welcome our new shareholders, executive chairman Ric Traynor said.

These new funds, together with existing facilities, will provide adequate resources for Begbies Traynor to capitalise fully upon an anticipated sustained period of improved new work flow in our core business insolvency practice."

Considering the decline in the markets, this has held up quite well.
Worth watching, imo.
Down from previous high of 200p to 160p.

With so many co's reportedly going bust BEG should be in their element, as should VTS & TNO.
2517

IC suggested them just last week . . . but look at the PE!
This stock has risen on the back of "distress" so I suspect there are other companies that do exactly the same work - therefore without shareholders they should be cheaper and more likely to grow.
I think HARRYCAT(10Oct08) gives the right tone...caution.

LONDON, Dec 5 (Reuters) - Begbies Traynor Group Plc:
* "Six-month to end-Oct. insolvency activity levels and margins are substantially ahead of the same period last year.
* The division has accounted for approximately 80 pct of the group`s overall revenues in the first half.
* Corporate finance division operating losses in the first half at 1.0 million
pounds, significantly worse than earlier expectations.
* Group's pre-exceptional continuing activities will perform in line with
expectations for the year as whole."

Quite good news and sp gets hammered, true to say it's slipped back over recent months anyway. The sp was around this level at the time I bought TNO and I missed the good rise to around 200p ish, pe still looks high compared to TNO.
2517

As you say the trading update was quite good news, in this market it needs words like exceed expectations to move the sp. But the fall looks overdone.

http://sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2565586
Considering purchase but the market hates debt!

Just picked 10,000 of these up as a bit of a punt,IC reckons they are a good buy on current P/E. Looking for 10% in the next few months. Is anyone else invested here?

This share ought to be motoring on all the gloom and doom around, instead it's touching lows not seen for at least 5 years.
2517

definitely time to dig this one out for the coming year, but with a bleak looking chart, perhaps just to watch for the moment .... buy on a break upwards through (red) 25 dma?

a little reminder to everyone .... surely this must be a good year for these insolvency specialists and historically, i see sp has been as high as 200

Surely last year should have been a good one for these guys also? Good chart to trade, but the fundamentals don't seem to live up to expectations.

they seem quite difficult to trade too, but have left a buy order at the price i'm prepared to pay