Updates

Empresaria - Forecast lifted to 8.8p for current year

April 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The stock overhang in Empresaria finally shows signs of lifting with the shares up 43% since our last update note. During the month Empresaria posted its full year results with net fee income (NFI) up 11% to £44.6m. Pretax profit was up 13% to £6.1m. Helped by share buybacks reducing the number of shares in issue and a lower tax charge, eps grew 29% to 8.2p.The eyeopening bit was the strong cash generation, which reduced net debt by £5.4m to £9.8m. Speaking to the company, our first question was given the balance sheet strength why not just buy out the longstanding overhang from Caledonia (now 8%), which is dripfeeding the market. Not only would the move be hugely eps enhancing but the removal of the persist ...

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Dialight - Returns to form

Clinigen

Empresaria - Focus turns to organic growth (September 2019)

Empresaria - Forecast eps of 14.3p for this year (April 2017)

Empresaria - Buys niche IT contractor (November 2016)

Empresaria (September 2016)

Empresaria - Buys aviation recruiter (August 2016)

Empresaria - Indian recruitment services side performing strongly (February 2016)

Empresaria - Buys high margin US healthcare recruiter (November 2015)

Empresaria - Will exceed market expectations (October 2015)

Empresaria (February 2015)

Empresaria (January 2015)

Empresaria - Tiny acorn looks ready to grow (September 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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