Empresaria Share Discussion Threads

[harrogate] 13/10/2015 16:54

Sounds a decent deal to me but as usual existing shareholders not allowed to enjoy the discount. And why at a discount when it was oversubscribed? Slightly hacked off - only the 100% + gain on my first buy at 40p is easing the pain !

[aishah] 13/10/2015 14:15

-- Empresaria has conditionally agreed to acquire the entire issued and outstanding membership interests in PS for an aggregate consideration expected to be approximately $12.1(1) million ("Acquisition")
...

The consideration for the Subject Interests ("Consideration") will be payable in cash as follows:

Initial Consideration: approximately $7.3m is payable on completion of the Acquisition ("Closing") based on (i) 100% of the estimated net assets of PS ("Net Assets Payment") and (ii) 60% of the budgeted financial performance of PS for 2015 ("T1 Payment"). The Net Assets Payment will be subject to adjustment to reflect the actual net assets of PS at Closing ("Net Assets Adjustment").

Deferred Consideration, will be payable (by 1 April 2016) based on 100% of the audited financial performance of PS for 2015 less the T1 Payment.

First earn-out Consideration, will be payable (by 1 April 2017) based on any increase in the audited financial performance of PS in 2016 over 2015.

Second earn-out Consideration, will be payable (by 1 April 2018) based on any increase in the audited financial performance of PS in 2017 over 2015.

[shanklin] 13/10/2015 14:05

"The Consideration is subject to an aggregate minimum of approximately $9.6m and an aggregate maximum of approximately $16m (each subject to the Net Assets Adjustment)."

[aishah] 13/10/2015 13:55

PS current year revenue projected at $11m ($7.6m 2014) with NFI of $3m ($1.9m 2014); nice uplift. Paying $12m for the acquisition and getting a foothold in the high growth US healthcare mkt.

[shanklin] 13/10/2015 13:37

Blimey, feel a bit lucky not to be long here. This all sounds quite complicated.

[nw99] 12/10/2015 12:36

Cracking write up very bullish and still pe only 8.5

[loafingchard] 12/10/2015 12:34

Chart looking great, holding tight here . GLA.

[lanzarote666] 12/10/2015 12:33

Hargreaves also published a sector report on Friday stating they were bullish.

They mentioned that EMR had been held back by a share overhang and that Empresaria was a more cautious way to play the recruitment space given its higher weighting to temporary recruitment.

GLA

[melf] 12/10/2015 12:01

........just shows the influence of SCSW. The "Dirt Cheap" comment in particular has alerted investors.

[daneswooddynamo] 12/10/2015 11:19

not often you see old emr up 13 percent in a day

[qs99] 12/10/2015 11:14

Off we go!

[albanyvillas] 12/10/2015 10:06

Looks very cheap and will still be cheap at 150p with forecast 10p earnings

[nw99] 12/10/2015 08:25

SCSW buy Rec continued I've added more

[randomambler] 11/10/2015 16:42

I tend to agree with SCSW on this one and have just put out a report on the interim results:

I like what I see here and can't believe that they'll stay at this P/E beyond the next set of finals.

[aishah] 11/10/2015 16:15

"D-I-R-T cheap; buy" says SCSW. Editor has a holding.

[melf] 10/10/2015 20:25

Certainly worth a listen.

[melf] 30/9/2015 12:37

Slight strengthening of Euro recently won't have done us any harm.

[qs99] 21/9/2015 18:42

I'll take the first target! £2.70 would also be great! Nice to see a decent broker stating the potential rather than paid for research...

[dlku] 21/9/2015 15:34

I say! Mighty fine and well set for BREAKOUT

[opodio] 21/9/2015 13:26

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




next stop 125p, then 270p ::)))

[aishah] 21/9/2015 10:22

TMI says brokers reckon it could treble in price.

[eagle eye] 21/9/2015 10:17

Thanks Melf....useful information.

[melf] 21/9/2015 08:43

Received a very positive write up in TMI this weekend, hence the move I suspect.

[lanzarote666] 11/9/2015 08:09

Good read across from similar company STHR this morning. Bullish statement, ahead of forecasts, strong growth across ICT (up 21%).



Looking good.