Begbies Traynor (#BEG) – H1 adj. EPS & DPS maintained, anticipates FY growth

Begbies Traynor (#BEG) – new £30 million debt facilities from HSBC

Begbies Traynor (#BEG) – “UK businesses remain resilient in the face of Brexit”

Begbies Traynor trading update - good but not great, but the shares are a buy

Begbies Traynor (BEG) has updated on “satisfactory” trading in the first quarter of its current financial year and emphasised that “we continue to be confident of the prospects for the group”. And that makes the shares look cheap.

Begbies Traynor (#BEG) – Q1 trading “satisfactory”, “continue to be confident of the prospects for the group”

Begbies Traynor - Not Really trained in logic when it comes to Brexit are we chaps?

My father would suggest that those who run insolvency firm Begbies Traynor (BEG) really are not scholars and gentlemen when it comes to their latest pronouncement on Brexit and how UK firms are struggling. I am kinder so shall leave it with an observation that, unlike my father, myself and David Cameron, the Begbies fellows probably did not study logic at Oxford.

Begbies Results, no red flags: Buy

Insolvency, restructuring and property services group Begbies Traynor (BEG) has announced results for its year ended 30^th April 2016 and that, although cautious, “the recent acquisition of the Pugh auction business, together with the Taylors valuation business, gives the opportunity for growth in earnings in the new financial year”.

Begbies Traynor (#BEG) – adj. EPS 3.2p v. 2.9p, “opportunity for growth in earnings” again this year

Begbies Traynor - good bolt on: buy

Begbies Traynor (BEG) has announced an initial £2 million, and up to £4.625 million, acquisition of Pugh & Co, the largest firm of commercial property auctioneers operating outside of London, with regular auctions held in Leeds and Manchester.

Begbies Traynor – Looking to Benefit from the Pent-up Demand of Mass Bankruptcies

Begbies Traynor (BEG) is a fine example of a counter-cyclical stock. As the UK’s leading independent insolvency practitioners, they see a great deal of business when other firms are failing. It has been an unexciting value stock for the past several years, but this morning’s acquisition news shows there is still plenty of potential here.

Begbies Traynor (#BEG) £2m bolt on acquisition of Pugh & Co

Begbies Traynor Trading Statement - on track: buy

Begbies Traynor (BEG) has updated that its third quarter ended 31^st January saw performance “as anticipated” and that it “is well placed to deliver the board's expectations for the financial year as a whole”.

Begbies Red Flag Report, no shocks - reinforces buy case

Begbies Traynor (BEG) has updated on research (which chimes with our current view) of “a difficult 2016” ahead for UK companies. This follows the ‘Red Flag Alert research’ of this, the UK's leading independent insolvency firm, showing businesses ending 2015 in a challenging financial state and noting a difficult combination of factors for 2016.

Begbies Traynor profits warning but yield attractive and looks safe

Having announced in March that “increased activity levels in the typically busier winter months for insolvency leave the group well placed to deliver the board’s expectations for the year as a whole”, Begbies Traynor (BEG) has now disappointingly updated that it “now anticipates that the outturn for the full year will be below market expectations” - pointing to a further decline in the insolvency market in the UK…

Begbies Traynor (#BEG) - weak trading statement, volumes down

Begbies has good news: more folks are going bust

Begbies Traynor (BEG) has updated that “increased activity levels in the typically busier winter months for insolvency leave the group well placed to deliver the board's expectations for the year as a whole”.

Begbies Traynor, results, placing & acquisition

Begbies Traynor (BEG) has announced results for its half year ended 31^st October 2014, an up to £8.5 million (initial £5 million) acquisition and a placing to raise £5.3 million.  This is not a great share tip so far but we remain buyers.

Begbies Traynor (#BEG) - Placing at 40p to raise £5.3m to fund acquisition

Begbies Traynor – minor profits blip a buying opportunity

Begbies Traynor (BEG), the UK's leading independent business recovery practice, last week warned of “lower year on year revenue which has been partially mitigated by the contributions from recent acquisitions” and that “insolvency market conditions remain challenging, which may impact on performance for the full year”.  This is no great shock but has seen the shares ease by c8% to 50p but with a longer-term outlook that is more encouraging this is a chance to make a good long term investment at an attractive price.

Buy Begbies Traynor at a 53p offer

Investment Case: As the UK's leading independent business recovery practice, Begbies Traynor (BEG) has been unsurprisingly adversely impacted by a low interest rate environment and lenders being unable or unwilling to crystallise losses. However, the company has restructured and remains profitable and cash generative, with an attractive dividend and undemanding rating based on its current performance. There are though now also signs that things are turning in its favour - “the expectation of an increase in interest rates over the forthcoming months has escalated recently” and with it “also retain the capacity and expertise to handle an increase in activity levels should they arise, which would result in improved profitability due to the inherent operational gearing in the business”. As such, at a current 53p offer price, the shares are a buy. Here's why.