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Nakama Group – “Trading Update” features management-speak shite & is shite!

By Steve Moore | Friday 1 April 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Apparently the first things we need to know in a “Trading Update” from recruitment group Nakama (NAK) include that “as a result of a holistic review of the business” following the September appointment of CEO Rob Sheffield, “the group has been through significant change…(including) changes to the infrastructure of the organisation”. At the end of the paragraph we are then told that “the board believes that, in order to grow the business, the restructuring and the investment are crucial to the future of the group. The effect of this is reduced profitability during the period”. Hmmm…


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