Updates

Begbies Traynor - Moves into personal insolvency (IVA) market

February 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

At least three of the four acquisitions by Begbies in the past 14 months were businesses where chief executive Rik Traynor has had a present or past interest. The next few months could see more of the same with Traynor suggesting that more deals should be expected by April. As the latest interims to 31 October show, Begbies has had little problem integrating these acquired businesses. Two contributed for part periods this year and is part of the reason why profit growth looks virtually built in even if the insolvency market overall remains flat. The other reason why Begbies should do well is that there is value to come from work in the pipeline. As it was, H1 turnover was up 29% to £14.2m with pretax profit up 90% to £ ...

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Begbies Traynor - Fewer but larger acquisitions planned (August 2006)

Begbies Traynor - Gain since January: 98% (September 2005)

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Begbies Traynor - Insolvency practitioner seeing strong like-for-like growth (January 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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