Posts Tagged ‘HJB’
Red 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 MoreWhy most small recruitment agencies stay small
Our industry is one that is dominated by small recruitment agencies. Yet, I would imagine that most of the owners of these small agencies would like to grow if they could grow profitably. Unfortunately much of the growth, if it does occur is not profitable growth. The Recruitment Industry Benchmarking (RIB) Report has 126 members…
Read MoreAnother one bites the dust: The rise and fall of HJB
Last Thursday morning the inevitable happened when ASX-listed recruitment company HJB called in the corporate undertakers. During his sixteen months in charge, CEO Grahame Doyle has not been able to halt the long term decline of what was once one of the strongest brands in the Australian recruitment market. The closure of both the Parramatta…
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. …
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