Begbies Traynor Group (BEG)

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FTSE AIM All-Share

107.00p
   
  • Change Today:
    -3.00p
  • 52 Week High: 136.00
  • 52 Week Low: 105.50
  • Currency: UK Pounds
  • Shares Issued: 159.03m
  • Volume: 325,217
  • Market Cap: £170.17m
  • RiskGrade: 232

Begbies Traynor describes 'strong' first-half performance

By Josh White

Date: Thursday 17 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Business recovery, financial advisory and property consultancy Begbies Traynor reported a "strong" first-half financial performance in an update on Thursday, with revenue expected to have increased 12% to £58.5m.
The AIM-traded firm said adjusted profit before tax was set to have risen 13% year-on-year in the six months ended 31 October, to £9m.

Net debt stood at £2.4m at period end, swinging from net cash of £1.2m a year prior, with the board describing a "robust" operating cash flow net of dividend payments, and acquisition and deferred consideration payments of £7.2m in the six months.

The directors said they were "confident" of delivering market expectations for the full year, extending its strong financial track record of growth.

"We have performed well in the first half with double digit growth and strong performances in both divisions," said executive chairman Ric Traynor.

"As corporate financial distress levels rise in a deteriorating economic environment, we anticipate continued momentum in activity levels in insolvency and restructuring and we are better placed than ever to take advantage of this with our expanded presence and enhanced service offering.

"We remain confident of delivering market expectations for the full year thereby extending our strong financial track record of growth."

Begbies Traynor said it would report its half-year results for the six months ended 31 October on 13 December.

At 1257 GMT, shares in Begbies Traynor Group were down 1.82% at 134.5p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BEG Market Data

Currency UK Pounds
Share Price 107.00p
Change Today -3.00p
% Change -2.73 %
52 Week High 136.00
52 Week Low 105.50
Volume 325,217
Shares Issued 159.03m
Market Cap £170.17m
RiskGrade 232

BEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.59% above the market average42.59% above the market average42.59% above the market average42.59% above the market average42.59% above the market average
35.56% above the sector average35.56% above the sector average35.56% above the sector average35.56% above the sector average35.56% above the sector average
Price Trend
18.74% below the market average18.74% below the market average18.74% below the market average18.74% below the market average18.74% below the market average
8.91% below the sector average8.91% below the sector average8.91% below the sector average8.91% below the sector average8.91% below the sector average
Income
34.43% above the market average34.43% above the market average34.43% above the market average34.43% above the market average34.43% above the market average
29.23% above the sector average29.23% above the sector average29.23% above the sector average29.23% above the sector average29.23% above the sector average
Growth
59.18% above the market average59.18% above the market average59.18% above the market average59.18% above the market average59.18% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BEG Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Apr-24 05-Oct-23
Paid 07-May-24 03-Nov-23
Amount 1.30p 2.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:40 105,000 @ 110.56p
16:35 121 @ 107.00p
16:35 1 @ 107.00p
16:35 18 @ 107.00p
16:35 17 @ 107.00p

BEG Key Personnel

Finance Director Nick Taylor

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