Empresaria Share Discussion Threads

[graham1ty] 04/7/2019 08:37

The RNS says it contributed £2.3m, so it is in that ballpark.

They originally paid £9.4m for 65% and stated pretax had been £1.2m in 2015.

If profit has been lifted to that degree, then possibly it is worth £20m.

However, with EMR itself valued at only £34m, perhaps they should just sell it !!! ( only joking.....a bit). With c£6m of group profits ConSol is delivering about a third of profit

[spbcscw] 04/7/2019 07:56

Is Consol worth £20M ?

[spbcscw] 27/6/2019 12:14

I think the business was OK but with a very elderly chairman and a naive CFO and COO (now CEO) who've only been in post a few months then I can think of less risky investments.

[merrimac] 27/6/2019 08:30

I could be wrong but the business seems ok just going nowhere in share value now. I will hold for longer.

[graham1ty] 27/6/2019 08:21

Spencer has 790,000 vested options and another 600,000 outstanding, so actually, massive exposure

[spbcscw] 27/6/2019 08:01

Holy sh*t. The only person who knows what's going on post Joost's retirement has left. I'm out !!

[merrimac] 27/6/2019 08:01

Hopefully things will pick up. Management seemed 'too functional'; passion seemed to be missing. It seems a good business but was treading water for an easy route. And 15k shares: no skin in the game.

[spooky] 27/6/2019 07:58

Wrexford had 15,000 shares, that tells me everything i need to know about whether his loss is a problem.

[harrogate] 27/6/2019 07:49

Yes tricky but think it needs a new view and Spencer had long enough in previous roles to sort out the UK. Maybe he was too unwilling to change what he had built up

[graham1ty] 27/6/2019 07:45

Quite difficult to run the business out of America ( it was never disclosed, but Rhona is based in the US) when the rest of the Board is in the U.K., and hardly hands on.

How on earth will they keep her in check ?

Cannot see this being taken well. Not sure UK investors have been introduced to her yet, so not really able to make a judgement. As one third of net fee income is in the U.K. with the legacy businesses, can she turn them around as they have consistently underperformed.

[brileyloucan] 27/6/2019 07:30

Yes only been in the job for 12 months and Rhona was hired in November. Whats the story here?

[harrogate] 27/6/2019 07:30

Yes a bit of a shock and I suspect it means a battle over strategy with the new big hire they brought in and maybe she won ? But something needed to happen and maybe this is the start of something. Worry is that new CEO will want a clean start and some kitchen sink activity could be coming.

[graham1ty] 27/6/2019 07:21

Did not see that coming.....Spencer has resigned with immediate effect......

[merrimac] 10/6/2019 20:01

I would have really liked to have attended...but I fly back to The Antipodes tomorrow night...hopefully there will be a YouTube link...it has been done in the past for other investor events where EMR has been presenting. I continue to hold but somehow it seems that the investors really aren't getting a lot out of it at the moment.

[sharesoc] 10/6/2019 19:22

A quick reminder that Empresaria present at our next London growth company seminar on Wednesday, which may be of interest to current shareholders and potential investors. More details can be found here:

[sharesoc] 30/5/2019 14:14

A quick reminder that Empresaria present at our next London growth company seminar on the 12th June, which may be of interest to current shareholders and potential investors. More details can be found here:

[harrogate] 22/5/2019 12:24

Surely some mistake putting EMR and growth in same sentence!?

[sharesoc] 22/5/2019 12:13

Empresaria present at our next London growth company seminar on the 12th June, which may be of interest to current shareholders and potential investors. More details can be found here:

[merrimac] 07/5/2019 10:19

The chair of recruitment firm Empresaria Group PLC said Tuesday the company was on course to meet full year forecasts after first quarter net fee income grew on the year prior.

In his annual general meeting statement, Chair Tony Martin explained that it had "delivered year on year growth in net fee income for the first quarter of 2019."

Consequently, it was "on course to meet market expectations for the full year, with the group's profit contribution anticipated to be more second half weighted due to the previously highlighted increase in central staff costs, new office openings and our brands in Germany and Japan starting this year from a lower base position."

In 2018, Empresaria generated GBP9.4 million in pretax profit on revenue of GBP366.8 million. Net fee income stood at GBP72.3 million.

Martin added that its investment in Grupo Solimano in Peru was "performing well and in line with our expectations." In July 2018, Empresaria acquired a 60% stake in staffing services firm Solimano for up to GBP2.1 million.

Shares in Empresaria were 0.7% lower at 73.51 pence on Tuesday. The firm will release its interim results on August 21.

By Ahren Lester; [e-mail]

[graham1ty] 07/5/2019 07:16

Ok statement and inline. But the dreaded second half weighting rears it’s head......always ominous.

With the acquisitions, it would have been disappointing if net fee income had NOT been up. And they are flagging much higher costs. No sign of a pick up in underlying trading. No mention of the problem markets ( Germany and Japan) and whether they are on the road to recovery.

A bit disappointing

[graham1ty] 07/5/2019 07:00

EMR AGM today. Anyone going ? I am going to be pushed to get there

[tomps2] 13/3/2019 07:43

EMR FY results overview by Spencer Wreford, CEO and Tim Anderson, Group Finance Director.

Spencer Wreford, CEO and Tim Anderson, Group FD talk through the FY18 results, their strategy and the outlook. Debt down. Dividend up 50%.