Empresaria Share Discussion Threads

[qs99] 18/11/2015 09:46

maybe AISHAH's point is producing some demand as index trackers have to tuck in? thoughts?

[qs99] 18/11/2015 09:15

Off to a good start today IMO

[aishah] 12/11/2015 22:35

MSCI GLOBAL MICRO CAP INDEXES - EMR an addition today. Takes effect as of close on 30th Nov

[treeshake] 12/11/2015 14:30

and a little move down to tidy the chart up !

[qs99] 11/11/2015 16:04

little move up....

[treeshake] 10/11/2015 10:01

PNA results were spot on today. Can;t see it being any different here imho

[qs99] 06/11/2015 15:23

continuing to move ahead nicely IMO

[treeshake] 05/11/2015 18:27

You won't be disappointed imho

[tromso1] 05/11/2015 16:16

"I've picked up some Empressaria (EMP). Some impressive figures coming out of this one and it looks mighty cheap even though it has been going up recently - if it can get through the 100 area 120-130 looks possible."

[santangello] 05/11/2015 00:17

Nice to see 100p reached, now to hold and perhaps add 10%+ in the short term ?

[jeff h] 04/11/2015 20:30

At long last the £1 barrier breached, great stuff so long as it can stay there like QS99 mentions.

[treeshake] 04/11/2015 20:09

Agreed this is 20% of folio as of today

[daneswooddynamo] 04/11/2015 18:25

Big volume behind this rise which is very encouraging. As i said in march pound coins on offer for 50p!

[saint88] 04/11/2015 17:52

There's a lot of new shares at 75p that are showing an instant profit that could find there way onto the market and temporarily dent the price. Any thoughts?

[qs99] 04/11/2015 17:34

Happy days...still lowly rated Imo..

[bruceylegs] 04/11/2015 16:54

Wow, it made short work of 100p. I see next test at 111p.

[treeshake] 04/11/2015 16:26

might add to this myself, already holds quite a slice of folio tho

[qs99] 04/11/2015 12:45

Let's see if £1 holds first....

[aishah] 04/11/2015 10:23

Very strong momentum now. Might add more if 100p holds. Cheap imo, dyor

[qs99] 30/10/2015 15:22

PNA also moving ahead nicely

[qs99] 30/10/2015 15:16

nope, all aboard TS and liking the move towards £1

[bruceylegs] 30/10/2015 15:08

100p is the next (psychological) resistance.

[treeshake] 30/10/2015 14:59

started to think I was the only one invested here ! LOL

[bruceylegs] 30/10/2015 14:49

Through resistance at 91p.

[aishah] 21/10/2015 14:12

Hardman report out: -

Evaluation of the Deal

The deal ticks a number of boxes in the group’s strategy. It meets the criterion of developing leading specialist brands within its sector expertise; it increases geographical diversification, and expands the footprint in key centres, and if the financial performance of PS is sustained, it will enhance the group’s financial performance.

By placing shares, the group has been able to increase liquidity and probably will have brought some new shareholders on board. Our expectation on forecasts is to increase the 2015 eps from 9.7p to 10.1p per share. The net debt is slightly increased, but coverage ratios are barely affected given the placing and the increased operating profit. The group tax rate should tick down 1 point, as interest costs will reduce the reported US taxable profit.

In line with the group’s strategy, the selling CEO is locked in and highly incentivised to improve the performance of the business, and from what we understand of the US sector, there should be something of a tailwind.

We would not expect Empresaria to do any further deals in 2015, but they could do additional transactions in 2016. Business development activities are ongoing so it’s impossible to know when the next opportunity will come through. There are no immediate plans to do further bolt-ons in the US, but given the group model, other group brands could potentially look at the US market in the future, using this investment as a base.

Bedding in the business should be quick. The group is buying shares, and the target will carry on their business as normal so it should not have a big impact on them, although obviously the usual harmonisation of accounting practices and budgeting will be required.

It therefore looks a good deal for Empresaria shareholders and for those selling the business.