Market's view on Begbies
Published on April 2024
- A stock watcher highlighted this morning’s bid at 107 with no takers, suggesting potential market movement.
- Another predicted a strong year for the small property side of BEG, correlating with increased activity in the broader property sector.
- Significant financial distress in businesses has risen sharply, with 554,554 companies affected, indicating a 30.8% year-on-year increase.
- The discussion includes concerns about BEG’s financial performance despite high insolvency rates, particularly due to their focus on lower-value corporate insolvencies.
- BEG’s stock price has been described as underperforming despite the backdrop of high insolvency levels.
- There are expectations for BEG to potentially increase top-line revenues towards £200m in the next 3-5 years.
- A stock watcher noted BEG’s slow movement up the value chain to handle mid-sized companies, which could impact their market position.
- The UK faces a record number of corporate insolvencies this year, with expectations of around 33,000 companies going under.
- BEG was featured in a radio programme, hinting at a strong market position.
- Frustration was expressed over the delayed release of UK government insolvency statistics, suggesting potential negative data.
- There are mixed feelings about BEG’s share price performance, with some stock watchers considering selling their shares due to prolonged underperformance.