Posts Tagged ‘Morgan and Banks’

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…

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ASX-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…

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Is your recruitment business model sustainable?

The employment market in Australia continues to be robust. In July a further 14,000 new jobs were created and unemployment dropped by 2,500 people to leave the unemployment rate unchanged at 5.2%.     Recruitment agency business has, generally, been slightly less robust. Owners I have spoken to have had a very uneven past 6…

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Motivating recruiters: Who’s responsible?

Professional sport can be brutal. Two weekends ago in the AFL the Melbourne Demons travelled west to play the Geelong Cats in Geelong. The Demons were just outside the Top 8 and the Cats were second from the top. The Demons were not expected to win but nobody could have predicted the humiliation that was…

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