Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

  
 
  
Reply to this topic

PPE, People Infrastructure
nipper
post Posted: Jun 20 2021, 09:59 AM
  Quote Post


Posts: 10,082
Thanks: 2814


In Reply To: nipper's post @ Jun 21 2019, 06:43 PM

as a people facing employer, the Covid selldown was dramatic, with shares trading at $1.00 late March 2020, but then there has been a strong recovery; closed at $4.70 this week, only 15 months later. Acquisitions have helped

Dec 2020: acquired eCareer Employment Services Pty Ltd and Illuminate Search and Consulting Pty Ltd. (which was established in 1999 and is a leading technology staffing firm focused on the NSW market, with Victorian operations.... primarily a provider of on-hire technology contracting personnel to NSW Government and blue-chip corporates in the banking, finance and insurance sectors. The business has 16 internal staff and on-hires approximately 200 technology professionals to its customers. The acquisition price for the Business is approximately $5,150,000

March 2021: acquired Swingshift Nurses Pty Ltd for $3.1million ( established in 2000 and is a leading nursing agency focused on the mental health market. It is a contracted preferred supplier to most public sector hospitals in Victoria. )

June 2021: acquires Techforce Personnel Pty Limited (for $13.4 M); Techforce Personnel is a leading provider of casual workers in Western Australia and South Australia. It provides staff to a range of industries, with a large focus on the industrial services and mining sectors.

June 2021: acquires Vision Surveys (Qld) Pty Ltd (for $6.7 million); Vision Surveys (Qld) is a multi-discipline surveying business servicing metropolitan and regional Queensland, with a focus on large infrastructure projects, construction and residential development and buildings.

Organic Business Units continuing to grow: Homecare (Healthcare) and Facilities Maintenance

Opportunity for Acquisitions : a further $50M (?) ... Funding through debt and free cash flow whilst keeping a conservatively geared balance sheet

As markets emerge from the impacts of COVID 19 pandemic including Technology (particularly in VIC), Healthcare, Childcare and Hospitality, we expect to see positive flow on impacts in H2 results.
  • ...We do not anticipate any further JobKeeper payments during H2
  • ... We shall continue to focus on complimentary acquisitions across all solutions lines ... Staffing, Business Services and Operations Services.
  • ... Continuing investment into scaling our new internally generated business units ... Homecare and facilities maintenance and developing a rural and remote nursing business unit (initially in QLD) during 2H FY 21.
  • ...Expect total normalised EBITDA (calculated as per the results) to be in the range of $35m to $37m. This guidance may change in the event of an unforeseen macroeconomic shock domestically, or the imposition of further Covid19 related restrictions




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 21 2019, 06:43 PM
  Quote Post


Posts: 10,082
Thanks: 2814


Spotlight on People Infrastructure

QUOTE
People Infrastructure (ASX: PPE) is a workforce management company specialising in providing contracted labour to its clients. This week, PPE acquired two Queensland-based healthcare staffing agencies for $16.8 million. This acquisition will allow PPE to expand its health and community care business, permitting the increased provision of nursing staff to hospitals and aged care facilities in Queensland. The sunshine state is a popular retirement location for many Australians, providing solid growth potential.

The acquisitions were funded by a $20 million capital raising completed last week. We participated in the raising as an existing shareholder at the discounted price of $2.70 per share. We first invested in PPE at its initial public offering in November 2017, due to its strong management team, solid organic growth record and the fragmented nature of its industry, which has significant acquisition opportunities.

We continue to hold PPE as its recent successful capital raising has put its balance sheet in a healthy position to continue its growth strategy.
- Wilson Asset Management

PPE is currently trading at $3.27 per share.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING