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Empresaria – we are 58% ahead on this share tip after AGM but more to come

Tom Winnifrith
Friday 23 May 2014

International specialist staffing group, Empresaria (EMR) has updated at its AGM that it “has made a promising start to the year” and “remains on course to meet market expectations for the full year”. Jolly good. We are now 58% ahead on an offer to bid basis on this share tip but there is more to come.

The company reports “particularly good trading” in its two largest territories, the UK and Germany, and that investments made this year, in Dubai, Mexico City, Kuala Lumpur and Hong Kong “are progressing well”. It adds that “we continue to look for opportunities for both organic and external investments”.

The announcement has helped the shares nudge higher currently to 45p-47p – this comparing to a 28.5p offer price at which they were added to the Nifty Fifty Penny Share portfolio in January 2013 – 58% up in 16 months is no disgrace.

However, 

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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