Impellam Share Discussion Threads

[eezymunny] 11/6/2015 13:12

Gov crackdown on medical staffing agencies might affect Medacs? May explain the fall.

[foxman14] 11/6/2015 10:42

I'm a little perplexed and disappointed with the recent c.12% retracement in the share price given the positive results in March. Hopefully we will get an uptick leading up to the AGM later this month and the interims in July.

[davebowler] 09/3/2015 14:51

hxxp://www.shareprophets.com/views/11000/impellam-results-very-much-on-track

[battlebus2] 06/3/2015 14:03

Another good day, wonder did we get a mention in shares or I.C.

[battlebus2] 03/3/2015 18:41

Thanks cfro, i remember at the time not fully understanding your reasoning. i did the same myself with RTC when you prompted me to buy at 30p, wrong decision!!

[cfro] 03/3/2015 18:33

Well done Battlebus for sticking with this one!

I can't believe that i bought these a few weeks ago @£4.72 but stupidly sold the following day due to some minor irrelevant concern....

Thought the results today were exceptional. Also think the Lorien acquisition was a very shrewd move.

[battlebus2] 03/3/2015 16:21

A good response to todays results with the share price moving ahead, 750 is my target..

[18bt] 03/3/2015 08:04

Good results - div increase will keep Lord Ashcroft in polling

[battlebus2] 03/3/2015 07:41

More than happy with these results...

Preliminary Results - Unaudited

Key headlines

Ø Revenue increased 9.7% to GBP1.3 billion

Ø Staffing revenues increased 11.5% to GBP1.3 billion

Ø Gross profit increased 11.9% to GBP193.9 million

Ø Staffing gross profit increased 11.1% to GBP187.5 million

Ø Permanent placement mix 13.2% (2013: 11.5%)

Ø Adjusted operating profit* GBP36.7 million (2013: GBP28.6 million)

Ø Staffing operating profit GBP40.5 million (2013: GBP36.8 million) with strong performances across the UK businesses (Managed Services up 11% and Specialist Staffing up 31%)

Ø US businesses issues identified and remedial action taken

Ø Carlisle margin improved and on track for profitability

Ø Exceptional items reduced significantly to GBP2.7 million (2013: GBP23.2 million)

Ø Operating profit GBP34.0 million (2013: GBP0.4 million)

Ø Conversion of gross margin to adjusted operating profit* 18.9% (2013: 16.5%)

Ø Basic earnings per share 59.6 pence (2013: loss 2.3 pence)

Ø Adjusted* basic earnings per share 68.1 pence (2013: 62.0 pence)

Ø Net debt of GBP14.8 million at 2 January 2015 (27 December 2013: cash GBP8.0 million)

Ø 2 acquisitions completed in the period (Lorien & Career Teachers)

Ø UK receivable finance agreement with Barclays increased to GBP120 million and renewed for three more years to November 2017 and term loan, originally of GBP15 million, taken out in connection with Lorien acquisition

Ø Final dividend of 7.75 pence per share, amounting to GBP3.8 million in total, proposed to be approved at the AGM to be convened for 30 June; payable on 31 July 2015 to all shareholders on the register at 10 July 2015. This makes a total dividend of 14p for 2014 an increase of 16.7% on 2013.

* Adjusted operating profit before pre- tax non-recurring expense items (note 3)

Julia Robertson, Chief Executive Officer, commented:

"I am pleased to report that the Group has delivered a strong financial performance this year in its staffing businesses and has made two excellent acquisitions in Lorien Resourcing & Career Teachers, both of which are performing in line with expectations and will be accretive in their first full year. In addition, we have completed the exit of onerous contracts in Carlisle Support Services and is on track for return to profitability."

[battlebus2] 27/2/2015 10:35

Seems to be moving higher again after a couple of weeks consolidation.

[battlebus2] 12/2/2015 09:05

Ticking along nicely :))

[battlebus2] 04/2/2015 16:42

Spread widening 620 to buy :))

[battlebus2] 02/2/2015 15:33

Still rising on what seems no volume unless we have a late reported trade.

[battlebus2] 28/1/2015 09:15

More consolidation in the sector this morning with MTEC taking out NWKI. which can only be good, I expect more M AND A here shortly.

[battlebus2] 19/1/2015 20:18

Good to see these continue to rise, still on a very cheap rating imv..

[battlebus2] 16/1/2015 15:06

Currently quoting 550/555 which is the narrowest spread i've seen so probably going to tick higher on any trade imv.

[battlebus2] 16/1/2015 15:05

A great write up by Paul Scott this morning on IPEL

[battlebus2] 16/1/2015 08:15

Positive update this morning :))

[battlebus2] 13/1/2015 16:10

Global managed services and specialist staffing recruiter Impellam Group has appointed Darren Mee as group finance director, effective 2 February.

He has more than 30 years experience in finance, most recently as chief financial officer at budget hotelier easyHotel. - See more at: hxxp://www.recruiter.co.uk/news/2015/01/impellam-appoints-mee-finance-director/#sthash.MEhON0Ol.dpuf

[mach100] 08/12/2014 14:28

Hi bb2. I tried to buy a modest slew last week but couldn't get a quote from my broker. I think this has been rumbling for a few days. I notice that it tends to rise from January to May. I had hoped to get in but think the price has run away a little for me. I expect it to be a good share for the first half of 2015.

[battlebus2] 08/12/2014 13:43

Having a great start to the week here also, hopefully we can hold above 500 and push on to 600. Anyone know if we got a mention in the weekend press?

[battlebus2] 05/11/2014 10:16

Lorien has a good proven track record how they perform under IPEL is the risk you take here but as you say the sector is performing well so possible rerating.

[interceptor2] 05/11/2014 09:55

Yep, I might have misread the impact of the acquisition.

Good sector...

[battlebus2] 05/11/2014 09:42

Moving along nicely now.

[interceptor2] 04/11/2014 16:29

It may sound like headless chicken mode, but I sold my small holdings here today.

I thought the acquisition was a decent one, but not a huge bargain, and due to the size of the acquired company may test the new management here. I also feel that a UK and USA focused company in this sector should be performing ahead of expectations at this time.

Will wait on the sideline now and keep an eye out for an ahead statement.

Hope they do well for holders.