Peoplebank boss claims all is sweet after share price plummet

Stan Beer
Wednesday, 30 July 2008 18:37

IT People - Recruitment

"They're happy with the operation of Peoplebank but they may not be happy with the share price," says Mr Lau.

"They take a medium to long term view and they see this as a financial market aberration and not a reflection on the operations of Peoplebank and the integration of Ambit. They have directors on our board and they're very well involved in what's going on and they know the value of the company."

What of the integration of Ambit?

"That's going very well. All the front office and locations have all been done and we've got probably another three to six months work on the back office integration and then we'll be totally integrated as one functioning unit. You'll see our results in '08 and we're looking forward to having a pretty strong 2009 as well.

"We've got a pretty strong business and we're not worried about the share price, although I know other people will be worried about it. We'll be doing another year of record profits this year and '09 will be another good year. All we can do is keep on going making profits and paying dividends."