Posts Tagged ‘ASX’
Optimism: Our industry’s greatest attribute and greatest weakness
Things are rocking right now. It’s clear from the conversations I’ve had with many people in the recruitment industry since the beginning of the year that the market is moving at Usain Bolt-like speed. Agencies are reporting record levels of job registrations and the subsequent placements are leading to healthy bottom line results. The other…
Read MoreASX-listed recruiters are now endangered: 2014/15 in review
When I wrote my first review of the ASX-listed recruitment agencies five years ago, there were nine companies I reviewed. One of those companies was generating a minority of its sales and profit via recruitment agency activities (Programmed). I overlooked H-Tech Group in that first review and I also did not include SMS, who have…
Read MoreOut-of-industry CEOs: A breath of fresh air or a cocky fish-out-of-water?
Recently installed Clarius CEO, Peter Wilson (ex-Datacom) wasn’t pulling any punches last week when he announced three recent senior level hires; new CTO Lee Bustin (ex-GroupM), new head of candidate management Leah Thode (self-employed leadership consultant and coach since 2010) and new director of on-demand and outsourcing services Stafia Giannakis (ex-Datacom). These three arrivals join new regional…
Read MoreOut-of-industry CEOs: A breath of fresh air or a cocky fish-out-of-water?
Recently installed Clarius CEO, Peter Wilson (ex-Datacom) wasn’t pulling any punches last week when he announced three recent senior level hires; new CTO Lee Bustin (ex-GroupM), new head of candidate management Leah Thode (self-employed leadership consultant and coach since 2010) and new director of on-demand and outsourcing services Stafia Giannakis (ex-Datacom). These three arrivals join new regional…
Read MoreRed Flashing Lights: How you know when profitability is about to sink
After last week’s blog on the Australian publicly listed recruitment companies that have departed the boards of the ASX, I received a few emails from readers asking me follow up questions about the decline in fortunes of such formerly successful companies. Such questions as: How do such, formerly successful, companies become so unprofitable in a relatively short…
Read MoreASX-listed recruitment companies: Going, going, gone
Four weeks ago giant Japanese recruiter, Recruit, concurrently announced agreements to purchase both peoplebank and Chandler Macleod. As the respective boards of both companies are recommending that shareholders accept the bid, and with no alternative bid likely, both companies will soon be fully owned by Japanese investors. John C Plummer will pocket just under AUD$39 million for his…
Read MoreThe premortem: How to avoid ‘stupid acquisitions’ in one step
My mid-October post about the performance of the ASX-listed recruitment agencies drew a lot of comments on my LinkedIn profile, through emails and in conversations with recruitment industry leaders. One of the common topics of conversation has been the performance (or lack of it) with respect to acquisitions made by the boards of these listed companies.…
Read MoreASX-listed recruiters continue to decline: 2013/14 in review
he past year or so has been a particularly bloody one for the Australian publicly listed recruitment sector. Last September HJB Limited, after many years of unacceptable financial results, sank into administration. In August this year, Bluestone Limited, after only a handful of years of unacceptable results, went the same way as HJB, owing $86 million to a…
Read MoreNo silver-lined clouds anywhere for ASX recruiters: 2011/12 in review
Four months ago I blogged The ASX-listed recruitment sector: The end is nigh after Geoff Morgan and Andrew Banks announced their intention to delist Talent2 and take it back into private ownership spurred on, in part, by the hammering the share price took after Talent2 announced profit warnings late last year. …
Read MoreThe ASX-listed recruitment sector: The end is nigh
Most of the recruitment industry would have heard that the legendary duo of Geoff Morgan and Andrew Banks have announced their intention to delist Talent2 and take it back into private ownership. This will occur via a share buyback funded by, what will be a 50/50 joint venture between their private investment…
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