H118 trading for Empresaria has been in line with expectations and our earnings forecast is unchanged. We believe that the shares are significantly oversold and expect sentiment will start to move in the group’s favour as it delivers to current forecasts on the back of generally robust global staffing markets and a strongly cash generative profile from H218. This cash generation provides the opportunity to return to the M&A arena as highlighted by the recent Grupo Solimano acquisiti
25 Jul 2018
Trading update
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Trading update
Empresaria Group plc (EMR:LON) | 36.5 0.4 2.8% | Mkt Cap: 18.2m
- Published:
25 Jul 2018 -
Author:
Ben Thefaut -
Pages:
4
H118 trading for Empresaria has been in line with expectations and our earnings forecast is unchanged. We believe that the shares are significantly oversold and expect sentiment will start to move in the group’s favour as it delivers to current forecasts on the back of generally robust global staffing markets and a strongly cash generative profile from H218. This cash generation provides the opportunity to return to the M&A arena as highlighted by the recent Grupo Solimano acquisiti