Empired: Winning in the New World

Lachlan Hughes

Swell Asset Management

Coming off a record FY15 result Empired (ASX:EPD) carries solid earnings momentum into FY16. On the back of several acquisitions it is now positioned as one of Australia’s leading providers of IT services and infrastructure. Sustainability of its earnings have improved dramatically through diversification of operations both geographically and by industry. We have also seen an increase in recurring revenue as a percentage of total revenue which is encouraging. The technology sector stands out in a soft market as it is constantly transforming. We see real growth prospects ahead which could provide some potential tailwinds. We view Empired as a quality business with good management and trading at a substantial discount to its intrinsic value. By Alex Clunies-Ross (VIEW LINK)

1 stock mentioned

Lachlan Hughes
Swell Asset Management

Lachlan is the founder and CIO of Swell Asset Management, a boutique investment manager specialising in global equities.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment