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Highlights
- Begbies Traynor Group holds 11% share of the administration market, which is ranked almost second largest nationally by volume.
- In November 2023, BEG completed the acquisition of Andrew Forbes Ltd for an initial cash consideration of £0.5 million.
- In H1 FY24, BEG registered a growth of approximately 13% in revenue and adjusted operating profit.
FTSE AIM All-Share index listed Begbies Traynor Group PLC (LSE:BEG) is a financial advisory, business recovery, and property services consultancy company. It operates under three segments – insolvency, restructuring and property. The company holds 11% share of the administration market, which is ranked almost second largest nationally by volume.
In the month of November 2023, Begbies Traynor completed the acquisition of Andrew Forbes Limited for an initial cash consideration of £0.5 million. The company aims to elevate the scale and quality of its businesses with such acquisitions.
In the first half of the fiscal year 2024, BEG registered a growth of approximately 13% in top-line business. As of 31 October 2023, the company had a cash position of £1.1 million. The company paid a final dividend of 2.60 pence per share last month, with an ex-dividend date of 05 October 2023.
In FY23, the company secured 10.7% and 50% year-on-year growth in revenue and profit before tax, respectively. It posted an improved operating margin of 17.9% in the fiscal year due to the expansion in the scale and service offerings.
Over the five-year period between FY19 and FY23, the firm has doubled its revenue to £122 million from £60 million and tripled its adjusted profit before tax to £21 million from £7 million.
Top 10 Shareholders:
Around 51.52% of the total shareholdings in the firm is held by its top ten shareholders. While Traynor (Richard William) holds the maximum number of shares with around 17.27% shareholding, Close Brothers Asset Management owns over 6.64% shareholding in BEG.
Stock Price Performance
BEG’s stock price has fallen by around 8.73% in the last one month. It has declined by approximately 8.55% and over the last six months. The stock’s 52-week low and high price stand at GBX 105.50 and GBX 150.69, respectively.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 04 December 2023. The reference data in this report has been partly sourced from EODHD/Others.
