EPD - Empired Limited

[System]

Empired Limited (EPD) is an IT Services Provider, ranging from business consulting to Infrastructure and Applications systems development and support. Empired delivers IT services and business technology solutions to government and private sectors throughout Australia, South East Asia and other countries.

http://www.empired.com

 

[peter2]

EPD: As I've started a short term trade in this stock I thought I'd explain what I'm seeing. Nortorius first mentioned the code and I liked the chart. Mentioned in post #189 Pav momentum thread.

FA: It's in the IT industry, which for me is a plus due to the capability of IT to improve productivity It's cheaper than adding staff.

Chart: Weekly trend UP, Higher weekly swing lows, huge corrective sideways consolidation, prices at/near yearly highs.
Price has recently spiked to 0.83, which is a level that supply has entered on numerous times before. On this third attempt, supply entered again lowering prices to prior high (0.78), then there are three bars with lower wicks indicating buyers but with such low volume it's probably the absence of sellers. the next bar (Fri 2/4/15) clsoed > 0.80. Once price closes above old yearly highs, there is potential for further rises.

This is not a lifelong investment, I know nothing of the company. I'm trading price and targeting +1R - +2R result in the next few days.

Short term momentum trade started at open. Bought 0.82 (iSL 0.77). Target 0.92 (in market).

Will supply re-enter this afternoon and force price back down again? We'll see. I'll manage the stop loss after the close.

 

[Gringotts Bank]

Anyone else watching for a bounce? Looks ripe.

 

[Gringotts Bank]

Chart is quite something. Haven't seen anything like this in a while.

 

[peter2]

Price has really struggled to recover after the unexpected and sudden fall in early 2016. It's taken two years to get back to the 50 - 62% retracement zone, then fell again. I've not read of any reasons for the sell off. I've had this stock in my reversal list for quite some time and there's been no demand for the stock at all.

That changed this last week as the buyers bid price higher on below average volume. I need to see some follow up buying with a higher low pattern before getting more interested.

 

[Dona Ferentes]

Empired has entered into a Scheme Implementation Agreement with Capgemini Australia Pty Ltd, under which Capgemini Australia has agreed to acquire 100% of the issued share capital of Empired for a cash price of A$1.35 per share
• The Scheme Consideration values the fully diluted equity of Empired at approximately A$233 million which equates to a normalised EV/EBIT multiple of 16.7 times for the financial year ended 30 June 2021.
• The Scheme Consideration represents an attractive premium of 64.6% to the last closing price of A$0.8200 per share on Friday

up 60%

 

[System]

On November 17th, 2021, Empired Limited (EPD) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between EPD and its shareholders in connection with the acquisition of all the issued capital in EPD by Capgemini Australia Pty Limited.