Empresaria Share Discussion Threads

[jeff h] 09/9/2015 11:12

Well if you liked that opodio then Edmond Jackson has written another article about the company over at iii (News & Research, Stockwatch)

Can't seem to be able to post the link on here.

[opodio] 08/9/2015 20:28

Jeff H 3 Sep'15 - 20:41 - 804 of 810 0 0

Shares could treble if company maintains progress suggests broker Panmure Gordon.

"... Broker Panmure Gordon raised its estimate for profits for the full year to £7.3mln on the back of the interims.

Adrian Kearsay, an analyst at the broker, said: “Given the on-going progress we can see the share price doubling (perhaps trebling, +3 year view).

“One third of the upside [will be] driven by earnings growth, the remaining from an expansion in the earnings multiple.”

His current price target is 125p and he has a 'buy' rating...."






super

[jeff h] 08/9/2015 10:17

Quite a few positives coming from the FD in this Proactive Investors article:-

Staffing trends follow the economic cycle

Staffing trends follow the economic cycle; that much is obvious.

Even though there have been wobbles recently, Spencer Wreford, finance director at recruitment firm Empresaria (LON:EMR), remains convinced the global economy still has plenty of legs.

“Economies are still in positive GDP growth, it’s just they face more head-winds and are not as booming as they once were,” he said.

The main cause for concern has come from China, and while Wreford admits “the Chinese economy has an effect on South East Asia,” he does not see the recent uncertainty having any lasting impact.

In fact, he said: “In Asia, we think the long term prospects are excellent because of the population sizes and the fact these markets will move from emerging to developing.”

With this as a backdrop, last week, Empresaria, which supplies permanent and temporary staff in 18 countries, saw net fee income rise by 12% over the six months to June as the number of permanent job placements continued to rise.

In the UK, which accounts for more than a third of the company’s business, Wreford reckons things are looking particularly strong.

“The UK [economy’s] forecast was actually increased recently and seems to be very positive still,” he said.

“The UK is one of the strongest [economies] in Western Europe and we expect that to translate into positive staffing markets.”

In the more established markets, such as the UK, improving business confidence has meant a return to job creation, particularly in the permanent job side of Empresaria’s business.

This is due to a talent shortage, which, he says, is a bigger cause of concern than other issues, including a dreaded ‘Brexit’.

Businesses want to hire and due to the talent deficit, are hiring people on long term contracts, rather than on a temporary basis with the option of a long term deal as they might have done previously.

“The biggest threat to the UK is skills shortage and when you are in a talent shortage market, clients need to use recruitment companies to find the best talent,” he said.

Empresaria, which also has exposure in Europe, North and South America, and Asia, saw interim profits jump 35% to £2.7mln or by 44% on a constant currency basis, and expects its strong performance to continue in the second half of the year.

In the US, which he reckons is around six to 12 months ahead of Europe, analysts are very bullish, with economic growth likely to boost the staffing sector.

Latin America is the area where long-term the best growth may come and that is “maybe five to ten years behind where Asia is now.”

Panmure Gordon also sees the firm having strong second half of the year.

The broker raised its estimate for profits for the full year to £7.3mln on the back of the interims.

Adrian Kearsay, an analyst at the broker, said: “Given the on-going progress we can see the share price doubling (perhaps trebling, on a 3 year view).

[aishah] 04/9/2015 10:03

Latest forecasts imply 2015 eps growth of 19%, p/e of 9.2 and peg of 0.47. Strong hold for a move above £1+ in due course. imo.

[qs99] 04/9/2015 07:14

thanks Melf

[melf] 03/9/2015 22:13

Worth a readhttp://www.stockopedia.com/content/small-cap-value-report-3-sep-2015-ezj-dtg-flyb-frp-emr-redd-105795/

[qs99] 03/9/2015 21:19

personally think that undercooks it IMO with the increase in cash alongside the earnings growth, momentum etc....let's see...hoping to be approaching £1 in short order ...cheers DYOR

[jeff h] 03/9/2015 20:41

Shares could treble if company maintains progress suggests broker Panmure Gordon.

"... Broker Panmure Gordon raised its estimate for profits for the full year to £7.3mln on the back of the interims.

Adrian Kearsay, an analyst at the broker, said: “Given the on-going progress we can see the share price doubling (perhaps trebling, +3 year view).

“One third of the upside [will be] driven by earnings growth, the remaining from an expansion in the earnings multiple.”

His current price target is 125p and he has a 'buy' rating...."

[qs99] 03/9/2015 17:10

Let's hope more of the same tomorrow as people cotton on to the rns today. Likewise hope management start drumming up some good city noises and support.....

[qs99] 03/9/2015 14:01

Liking PG target price! Glad I topped up

[topvest] 03/9/2015 13:09

Yes, good results - should help them move to a £1 which is where they should be.

[aishah] 03/9/2015 11:23

Panmure reiterates BUY and 125p target - a 60% upside. We're still low mkt cap, p/e,peg compared to others in the sector.

[harrogate] 03/9/2015 09:24

Just topped up my holding at below 79p - not that difficult to buy and there seems quite a bit of selling after this and maybe some of that overhang is still around. Hard to see theme going down much from here on this rating - markets permitting!

[qs99] 03/9/2015 09:14

I agree, looks very positive IMO....let's see how the market starts rating it as a clue to support levels"!

[aishah] 03/9/2015 09:08

eps +45%, debt -30%, pbt +33%, nfi +12%.
The largest increase in employee numbers was in India, up by 100.

"Based on performance to date, we are confident that results for the full year will be ahead of current market expectations and look forward to delivering further growth. Despite increasing currency headwinds, market conditions are generally favourable and we see further opportunities to grow our business over the coming years."

Cheap compared to HAS, STHR and MPI. imo.

[spbcscw] 03/9/2015 08:17

I agree daneswoody. Never seen such a bullish statement from the BoD. Happy days

[harrogate] 03/9/2015 08:12

Arden have upped EPS to just shy of 10p for this year - and with the momentum and their new attention to focus on making money rather than doing deals I would have thought these are now worth 10 x that at - at least a £1. 25% upside makes them a buy now again for me from a hold. Might see if it drops a bit later and I can get below 80p

[daneswooddynamo] 03/9/2015 08:10

Been invested heavily here for several years never known one of their statements not to be dosed with cautious noises

[boystown] 03/9/2015 07:49

Strong results but currency headwinds and a deteriorating global picture / possible downturn in key markets.

Six and two threes overall for me - but happy enough to hold for now.

[paleje] 03/9/2015 07:26

Confident that full year will be 'ahead of expectations'

[battlebus2] 03/9/2015 07:19

Results out...... :))

[santangello] 01/9/2015 10:03

Looking forward with eagerness to the Interims on Thursday.

[santangello] 27/8/2015 07:34

Good to see Arden Partners be selected. They have some new talent on board and the company is engaging in a program of buying back its own shares, always a good sign.