Begbies Traynor – minor profits blip a buying opportunity

Begbies Traynor (BEG), the UK's leading independent business recovery practice, last week warned of “lower year on year revenue which has been partially mitigated by the contributions from recent acquisitions” and that “insolvency market conditions remain challenging, which may impact on performance for the full year”.  This is no great shock but has seen the shares ease by c8% to 50p but with a longer-term outlook that is more encouraging this is a chance to make a good long term investment at an attractive price.

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