IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
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Collins Definition of 'this day week'
a week (counting backward or forward) from today (or yesterday.
Yes this day NEXT week.
In what should have been ideal conditions over the last 3 years or so and a couple of M&As this company is shrinking. Is now eating into my dividends so its goodbye and good luck all.
Yes this day week..
Think you mean this day next week so yes, 9th July for Results.
I was a bit surprised there has been no M&A activity announced in Q2, especially given the news on the new debt facility.
FY results this day week should see the SP recovering from this low if they make those update figures stated recently, and I don't see why not. Doubled up my holdings as it's ridiculously cheap imho.
Begbies Traynor Group plc (AIM: BEG), the professional services consultancy, will be conducting an investor presentation covering their final results for the year ended 30 April 2024 and the outlook for the Group.
The presentation will be hosted by Ric Traynor, Executive Chairman, and Nick Taylor, Group Finance Director.
The online event will take place at on Monday 15th July at 12.00pm, and is open to all existing and potential shareholders.
Questions can be submitted during the presentation to be addressed at the end - you can register to attend on the link below.
Sign up here: https://www.equitydevelopment.co.uk/news-and-events/begbiestraynor-investorpresention-15july2024
Plenty of reasons why this share is not more fairly valued but mine remains that the city don't understand this company and what it is trying to achieve.
I'm not a believer but am a holder as the yield is OK and so something will happen....eventually.
At least they are no longer watering down my % to line staff pockets as that did grate
I thought a strong rally yesterday would have been a formality. Added more today.
Must be a take-over target at this silly price.
Takeovers every day on the LSE as stocks are lowly rated.
Link to research here: https://www.equitydevelopment.co.uk/research/update-extends-long-record-of-growth
A positive FY24 update reiterates the inherent reliability of its business. Both revenues (up 12% at c £136m) and EBITDA are expected to come in ahead of market expectations, adj. PBT in line. The latter reflects relatively subdued corporate finance M&A volumes and expenses related to investment in its teams and IT support.
According to the update both divisions grew materially y-o-y on the back of acquisitions and organic growth. Business recovery and advisory was c 7% up, property advisory and transactional services by c 25%. The latter saw all its core disciplines - valuation, asset sales and consultancy - pick up pace. The c 13% expected revenue growth by business recovery reflects higher activity levels across all case sizes and that operation is well placed to capitalise on market growth.
The four acquisitions completed in FY24 added c £5m to FY24 revenues (£9m+ pa on an ongoing, pro-forma basis), and built insolvency and property advisory operational capacity and geographical profile. Their integration is progressing well and all trade in line with expectations.
We expect more acquisition led and organic growth which has driven the last 3 years, with BEG to add capacity, geographical reach, and market share in its core disciplines. The rating of BEG shares appears to have lagged events and we retain our 175p/share fair value.
🔺 3%
in a sea of red.
"with EBITDA ahead of market expectations and net debt lower than anticipated."
promising....
BEGB is at a 2 year low actually, but it's difficult to see why.Almost worth owning just as an income stock alone.
FRP beat expectations this morning yet BEG is at 12m lows and trading on only 10x expected cash flow. Surely a gift at this level? I own both
Ex Dividend Thursday so hold for Wednesday,!!!....nice...plus capital growth at these low prices
It would be a surprise to me, if BEG don’t communicate a further acquisition this quarter.
New research note out from Equity Dev reviewing the potential for BEG to push top line revenues towards c £200m pa in next 3-5 years and reaffirming their 175p/share fair value.
Free access to read note / hear summary at:
https://www.equitydevelopment.co.uk/research/strategic-growth-targeting-200m-revenues-by-fy27
Same old story - rinse and repeat, rinse and repeat. Getting close to where I will throw my hand in.
There’s the difference re view on strategy. I don’t find it puzzling at all. They are very clear via RNS in what they are doing and why and like I said, you either believe in that way forward, or you don’t. If you don’t and you’re not underwater, why remain invested here when there are so many alternatives.
I certainly wouldn't buy any more of them just yet. I couldn't make an argument for this being in my top 10 best ideas for small cap companies. That said, with this particular company I will not sell at a loss either - there is no need. I guess I'm saying it is a hold for now. I would add if the price breaks down further - which it might.
The buy and build strategy does not seem to focus on insolvencies, which is puzzling. If anything I suspect this is positioned to do well in a booming property market now.
Sorry to clarify I like buy and build. I work in it
My point for begbies atm is the market in insolvency is up atm. I wouldn’t do deal at the top of the market. This period should be of sufficient growth organically
Also larger admin are far better margin than high volume cvls. If begbies buys smaller insolvency firms you buy more low margin cvls
I’d rather focus on organic growth or acqihire at the bottom. Pick up scale when the market is less boyant
I also think constant dilution isn’t attractive for investors
Yes, opposing views on the company’s strategy is exactly what I'm clearly calling out. What anyone would remain invested in a company where they have stated they don’t agree with the strategy, is beyond me (unless underwater and not wanting to crystallise a loss). It’s like backing a racehorse you don’t believe has any chance of winning.
I guess we will all have our own thoughts on how we think we could do things differently.
But "In Line" will "Do Fine" is how I have always been accustomed to interpreting RNSs.
There are two camps here. Those who state openly that they don’t believe in the strategy of the company and that acquisitions are a distraction (but remain invested) and then those that believe buy and build + elements of diversification are the right way forward for the company.