Begbies Traynor, the insolvency and restructuring firm, appears (unless I've missed anyone) to be the only listed company of it's sort, others are LLP's. They would seem to be a good buy in a recession, as you'd expect their turnover to increase as other companied get into trouble. The shares cannot be held as part of an ISA (they're listed on the AIM) but can be held in a SIPP.
http://www.h-l.co.uk/shares_and_stock_mark...edol/B0305S9.hl
Has anyone else looked into these? The share price has a massive drop in december, but I can't work out why it would have done that, and ot's slowly climbed since.
Full Version: Begbies Traynor (bem)
up 60% this year, pe 20.
Profit warned late last year, but plenty willing to pay up for exposure to rising insolvency.
Profit warned late last year, but plenty willing to pay up for exposure to rising insolvency.
QUOTE (Icantbelieveitsnotbutter @ Jul 10 2008, 04:00 PM) 
up 60% this year, pe 20.
Profit warned late last year, but plenty willing to pay up for exposure to rising insolvency.
Profit warned late last year, but plenty willing to pay up for exposure to rising insolvency.
Thanks, I missed your comment until now.
Looking at it's accounts just released, the profit warning relates to discontinued operations (consumer insolvency), profit before that charge looked not bad. I decided it was worth a mid-long term small punt a few weeks back.
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