Staffline Share Discussion Threads

[whymps2] 05/8/2016 14:10

STAF featured in SCSW tomorrow?

[zho] 05/8/2016 08:45

Number of people securing permanent jobs falls - but temporary recruitment rises.

[gbh2] 05/8/2016 08:35

Low volume making the share price volatile.

[gswredland] 05/8/2016 08:32

Interesting big big Dave . Thanks

[gbh2] 05/8/2016 08:25

I've just made my second cuppa so well into it now ;)

[bigbigdave] 05/8/2016 08:24

Think there is a good chance of a tip in SCSW tomorrow, STAF one of their favourites.

[fizzypop] 05/8/2016 08:22

Thx - still on my first cuppa coffee.

[gbh2] 05/8/2016 08:20

The bid & offer were crossed to stop trading, usually means the opening auction is being extended.

[fizzypop] 05/8/2016 08:11

gbh2 - opened at 1022p, what did you mean by crossed?

[gbh2] 05/8/2016 08:05

5 minutes and price still crossed??

Edit: Uncrossed as I was typing, hoped for more ;))

[basem1] 04/8/2016 16:33

Looking primed to go higher after that little backtest of the chart. Wouldn't be surprised to see £10.70 tomorrow.

[gbh2] 04/8/2016 16:24

Snap, I paid a fraction more but having the bulk of my holding under 800p I'm well ahead of then game :))

[fizzypop] 04/8/2016 16:14

Another top up at 995p. Hoping this will get to £12 or £15.

[rivaldo] 04/8/2016 08:18

Acquisitions on the cards, and on target for £1billion revenues:



"Staffline on target to “burst a billion” next year
Wed, 27 Jul 2016

Staffline is on track to “burst” £1bn in revenue in 2017 and is eyeing new acquisitions and divisions, according to the staffing services, outsourcing, training and employability firm’s chief executive Andy Hogarth.

This morning, Staffline released interim results for the six months ended 30 June 2016, which reveal group revenue increased 39.5% to £414.7m along with gross profit, up 48.6% to £62.4m on the same period last year.

This increase in revenue and GP was attributed to the new acquisitions completed in Q4 2015 of Diamond Recruitment and Milestone, as well as growth in the group’s OnSites business by 36 locations, taking the total to 341.

But Hogarth told Recruiter that a real sense of enthusiasm to win new business among consultants has also helped, as the group aims to hit £1bn in revenue in 2017.

“I think success begets success. We’re on a real roll on at the moment.

“We are still targeting to burst the billion, which is a billion [pounds] of revenue next year. We are pretty much on target to do that. I can’t say it’s nailed down but just a little bit more growth and we’ll be there.”

Touching on Brexit, Hogarth told Recruiter he did not think the country’s vote to leave the European Union last month has adversely affected the business, adding the firm’s key area of operation of food processing performs resiliently against the effects of recessions.

And while he anticipates a tightening of the market for candidates, if in future EU workers face barriers to working in the UK, Staffline will benefit from being able to help the 400,000 people on its government work programmes into work if the jobs are not being filled by people coming in from Europe.

Looking ahead, Hogarth said the firm is “actively looking” for acquisitions.

“We have had a few conversations going on at the moment which may or not come to something but as I say we are actively looking to acquire in our core space, so volume recruitment, blue collar/white collar technical. But it’s all about volume, so that is certainly part of the future.

“We’re looking at a number of new potential divisions, new areas of opportunity.”

Staffline H2 interim results at a glance:

•Revenues up 39.5% to £414.7m (H1 2015: £297.2m)
•GP up 48.6% to £62.4m (H1 2015: £42.0m)
•Net debt reduced from FY 2015 position, from £63.1m to £43.7m
•OnSites grew by 36 locations in H1; total locations now 341 (H1 2015: 267)
•First two white-collar OnSites established"

[onjohn] 03/8/2016 13:23

£12 is in gobbing distance

[onjohn] 03/8/2016 13:15

next leg up starting

[onjohn] 03/8/2016 12:45

someuwin 3 Aug'16 - 08:51 - 1385 of 1388 0 0

Through 10. onwards to 12.



yes

[denis2605] 03/8/2016 10:20

Just got in at 1029. That should put a halt to the good run. Sorry all!

[dice1950] 03/8/2016 10:19

Staffline undaunted by Brexit

[rivaldo] 03/8/2016 09:28

Yep, looking very strong. No reason to stop at 1200p either!

[someuwin] 03/8/2016 08:51

Through 10. onwards to 12.

[gbh2] 03/8/2016 08:24

I'm not knocking it's potential, it's more the case that in my early days of investing I lost far more cash through holding too long, so I set targets, if I sail through one I let it ride when it struggles through one I consider selling when it falls back through one I sell.

There's always other stocks to consider imo.

[dlku] 03/8/2016 08:16

1040p by lunchtime i feel

[rubberbullets] 02/8/2016 22:15

Scott says

"Valuation - Stockopedia shows broker consensus as 114p for this year, so at 950p that is a PER of only 8.3 - which looks too low to me. Also, I reckon there's upside potential on that earnings figure.

..... I would have expected the strong recent interims, and positive outlook, to have otherwise propelled this share back to where I think it should be - c. 1200-1400p."

Hear hear

[gbh2] 02/8/2016 17:32

Director buys stopped impressing me years ago, one only has to look at the chart to see how fragile the price is, but I'm waiting for £10+ now.