Public Recruitment Share Discussion Threads

[amberspyglass] 23/10/2006 12:48

no.. if i find there are many people "bothered" would do so then.
as a single shareholder you dont have a lot of clout with important people like chairmen.

[sleepy] 23/10/2006 10:33

Hmmmm.....

Have you, or indeed anyone else who posts, had a word with the Chairman?

Sleepy

[amberspyglass] 23/10/2006 06:32

the non execs should be making sure that forecasts are gotten out or there is communication about such a thing. they take money from the company for looking after our interests - not quite sure what they are doing for that money but as a minimum i would expect that they keep the broker on his toes

i would suggest that the lack of forcasts (which is what will drive the share price) is a reason to ask the non execs to resign, and for shareholders to put forward someone else

i would expect a non exec to be very concerned about the disparity in share price between this company, and Quantica and Healthcare Locums, and that there would be board meeting minutes that confirm such a discussion has taken place, and any steps taken to ensure that the market is aware of the disparity and the reasons for it

having just one executive director (excluding the fd) seems astonishing for a company of this size. if he were to become unwell, or to need to leave short term what would happen?

it would take 10% to call an EGM and for shareholders to put forward a new non exec to oversee their interests. does anyone posting on this board have a percent or two of the company? the most successful shag (shareholders action group), i've heard of was at QXL, where the management offered £7m for the company, and sufficient press interest was generated so that others got interested. market cap now £200m. - coffee republic shag, recently changed the management. this company has great assets real profits and the share price ought to be a lot higher (imho).

the sort required to build a company is different to the sort required to run it on going ... .maybe it is time for a management change now the company is solidy established.

but first thing... is 10% attainable? if so lets SHAG public recruitment

watch out for a new poster!

[kimboy2] 22/10/2006 20:45

In previous times it always used to be a sign that someone was leaving when they were photocopying the client lists. I presume they now just download them.



Seems to me it is likely to be a perrenial and widespread problem but one that could be overcome with adequate IT safeguards. Don't ask me what they are but it doesn't sound to me a insoluble problem.

I presume the legal action is to deter others rather than to have any real direct effect. Indication that competition is hotting up I would imagine.


On another subject I am still irritated that there is no forecast or report. A year ago there were forecasts from Oriel, Numis and Altium. Anybody had any word on that front ?

[amberspyglass] 22/10/2006 18:52

gosh there are two!

[tiltonboy] 20/10/2006 15:56

amber,

You haven't answered my question from earlier in the week!!

Nice to see the share price up, and MM's bidding for a lot more than they are offering. It will be interesting to see the trades that have caused this move.

tiltonboy

[kimboy2] 17/10/2006 11:22

When I discussed the alledged case with someone at the company they hadn't even heard about it. They went to check on it and basically said that they didn't comment on rumours and if there was anything worth announcing they would announce it.

As for the MBO I don't think there will be one. It was just the lack of effort was would normally be indicative of one.

There are no forecasts in the market and we are 9 months through what has been a good year so far. The last forecast that I have was by Oriel on 4/11/05, the day of the profit warning.

The underlying problem for any buyout is that Baird own 44%. Having said that they are not on the TDW as being shareholders and I know Bridgewell's bought some (maybe all) of Baird's. It may be interesting to see who owns these shares.

Perhaps all this is the price of having a company being run by accountants.

Also there is a Hot 100 survey in recruiter magazine which puts PUG in 69th place which is 30 behind HLO. Survey is based on gross profit per employee last year.

[tiltonboy] 17/10/2006 10:33

amber,

Where are the details of the court case and what was the outcome?

tiltonboy

[amberspyglass] 17/10/2006 10:22

yep. this non existant court case that someone on this board was told did not exist supposedly by a director, has been settled, so any mbo, will probably be able to go ahead now. if you think there is going to be one what is the "investment" strategy? if i was them i would wait a month or two to see the share price drift back down after the results, and then proclaim my generosity in buying out the poor underserved shareholders.

the other thing that could happen is a breakup with components being sold and a cash shell be created, medical is too touchy to be of interest to large groups, but the social work and teacher agencies are nice steady businesses. would make sense to dispose the "weakest link" anyhow. on balance i think we will see a 25% increase in share price in next month..

[kimboy2] 17/10/2006 08:36

There does seem to be a certain lack of effort at self promotion. You would almost think there was going to be an MBO.

A year ago there was coverage by Oriel, Numis and Altium. Now not even the new brokers Bridgewell have got a forecast in the market. No wonder it's under the radar is there ?

[amberspyglass] 17/10/2006 07:33

pictureframe... you always time things this well? ;-)

[pictureframe] 11/10/2006 16:31

sold out today, fed up of waiting for this to break the 40p offer. Funds to be used elsewhere.

Good luck to you all.

Pic

[kimboy2] 11/10/2006 11:21

Another interesting report by equitydevelopment on HLO. Forecasts for HLO for 2006 are;
Turnover...£87m
EBITA......£8.1m
PBT........£6.5
Net debt...£21m
Mkt Cap....£40m

On the other hand PUG haven't even got Bridgewell to get any forecasts out nearly a month after the interims.

[pictureframe] 10/10/2006 16:11

some big trades today

[kimboy2] 26/9/2006 10:05

I always assumed that the collapse of the share price last year was due to an overhang of shares as the fall was completely disproportionate to the problem.
I suspected it might be some of the vendors who wanted to realise their shreholdings.

Overhangs can disappear as quickly as they appear sometimes, and all get resolved in the end.

[cloudfall] 26/9/2006 09:01

I can't see this going above the 40p area for a year, *especially* if AG is likely to dispose of stock as and when demand increases. I still think it is undervalued, but don't see an upwards correction any time soon.

[mjcrockett] 25/9/2006 17:40

With Andrew Goodman having 1.8m shares remaining, the share price may not progress all that far for a while.

MJ

[tiltonboy] 25/9/2006 16:29

Well, that's where all of the stock has been coming from; our former board member.

tiltonboy

[vida] 25/9/2006 10:52

Stemis,

I think you've got the EV of HLO wrong. Isn't it 60.52 for HLO? PUG has to be the better deal of the two though will look at cash flow of HLO.

[njp] 25/9/2006 10:39

Not a lot one can say, SteMis, except that I'm happy I'm backing PUG!

[stemis] 25/9/2006 10:29

Interesting to compare the two HLO PRG
Sales 30,423 49,306
EBIT 2,122 3,796
Debt 21.3m 24.5m
Market cap 39.22m 11.69m
Enterprise value 60.52m 36.19mAnyone got a rational explanation for that?

Is HLO going to raise its half yearly EBIT to £6.3m (hard to imagine)?

[Edited for Vida comments - cheers]

[kimboy2] 25/9/2006 10:11

Healthcare locums produced results today;

[stemis] 22/9/2006 08:51

davidtosh,

I don't have any particular inside into the second half other than for it to be the same as the first half (other than in respect of the exceptionals). That would do me fine.

However the statement from the Chairman that:-

We are growing revenues and improving both gross and net margins. The outlook
remains positive and the Board looks forward with confidence.

gives some hope that it can be better.