Empresaria has enjoyed a substantial rerating as the group has delivered against expectations and as profit forecasts have been upgraded. Yet the company continues to be valued at a significant discount to its mid-cap peers. We expect the discount to narrow assuming trading continues to improve, and as the share gains increased recognition. A virtuous circle of higher profits, higher rating, higher market cap, greater recognition would clearly continue to benefit investors, if management can continue to deliver.
24 Nov 2015
Delivering as Promised
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Delivering as Promised
Empresaria Group plc (EMR:LON) | 36.5 0 0.0% | Mkt Cap: 18.2m
- Published:
24 Nov 2015 -
Author:
Steve Clapham -
Pages:
29
Empresaria has enjoyed a substantial rerating as the group has delivered against expectations and as profit forecasts have been upgraded. Yet the company continues to be valued at a significant discount to its mid-cap peers. We expect the discount to narrow assuming trading continues to improve, and as the share gains increased recognition. A virtuous circle of higher profits, higher rating, higher market cap, greater recognition would clearly continue to benefit investors, if management can continue to deliver.