Paulypilot's Pub | Forum profile

Hi Paul. I have also followed Begbies over the past year or so in a half-hearted sort of way. Most of the companies in this field have been poor investments - Tenon (TNO) and Vantis have neither of them done very much, although Tenon are clearly the best of the two. The thing that puts me off with Begbies is the fact that although insolvency is obviously doing well, they seem consistently to not do as well in their other areas of business....

RBCRBC & Hywel Thanks for the info chaps and I have updated the spreadsheet. Shame the entrants who picked these shares couldn't have let me know of the changes at the time so we had the correct picture. NH

Hi hamish, What do they gain from having large organisation with lots of centres? I don't think there are clear benefits of economies of scale. I suppose you could argue that they have a certain level of expertise in dealing with the planning process and that they should have the know how to replicate a certain standard of exellence when rolling out new centres. Although anecdotale experience from certain fools seem to indicate poor...

Hi, Most of the replies are turning into rants about the Insolvency processes in the UK, either generally or for specific cases. I have to agree with a lot of it. The UK Insolvency processes are really dreadful - very slow, inefficient, highly complex legally often, and providing rich pickings for IP firms like BEG. Although I've not seen anything to suggest that BEG are anything other than a bog standard IP. One comment I would make...

Proselenes, I'm not sure I'd be in too much of a hurry to cash in WCC. Rapidly growing profits are locked in for the next 2 or 3 years & their competition trades on much higher multiples in Hong Kong. I top-sliced 20% of my holding when they doubled (for me) from ?1.60 to ?3.20. I intend to run the rest until at least the HK float. Looking at the experience of RCG & ACHL, I'd be very disappointed if they...

he also confirmed that they are going to be busy for at least 2 years. Yes, but will they get a second case to work on? -luckyjonah.

156 CARPATHIAN Long ?0.16 ?0.00 -?0.15 -98.71% Pinheirino On behalf of Pinheirino can I point out that CPT has been redenominated in Euros from pence and now stands around 0.20EUR approx 1718p ish. which should move him up the table a little. Can I also take this opportunity to remind the pub that CPT are due to regenotate their final core portoflio loan by end NOV, declare a special 8p dividend (hopefully), publish the renegotiated...

PS seb11 - registered for 6.5 years with no posts, then a namechange and first two posts on PPP cheerleading Goals today? You seem to be very well informed on the company, care to disclose any personal interest other than as a humble investor?

Couple of things ring alarm bells with me:- " Very selective in chosing potential site- they target area with high population density where there are at least 150k peole within a 10-minute drive I'm very sceptical of developer's travel times. I know that in my home town of 10,000 it can take 10 minutes or more to get from one side to the other at many times of day. " What I love about this business is that I am...

Those figure are from the interims. Taking the forecast for the full year ending 12/09 you get:... On this basis turnover is 34% of build cost, operating profit is 13.6% and PTP is 11.4%. Ahhh... my mistake. Apologies for not reading your initial post better. This looks far more interesting now! It seems to me like a business that is inherently "local" - customers aren't going to travel far to go to a particular centre,...