Staffline Share Discussion Threads

[fizzypop] 23/8/2016 13:04

whymps2 ...

Intraday peak in 2014 at 1054p, see Algotrading tweet dated Aug 11 who has an interesting chart indicating that STAF could make £20. Could of course is the operative word as there are no certainties in this life.

[whymps2] 23/8/2016 12:40

Fizzy pop, why would getting above 1050 reignite interest?

[fizzypop] 23/8/2016 11:42

Momentum has stalled with a volume of just 3000 shares traded on LSE at 11.40am.
Need to get above 1050p to reignite interest.

[gbh2] 23/8/2016 08:11

Another farcical starting spread; I can only think they're struggling for trading interest, should improve next month or so imo.

[rivaldo] 22/8/2016 13:48

Berenberg have upgraded to Buy from Hold, with an increased 1250p target (I've been on hols, so apologies if already mentioned, but don't remember seeing it):



"Berenberg upgrades Staffline to 'buy' from 'hold'
Thu, 11 August 2016

Berenberg raised Staffline Group's rating to 'buy' from 'hold' and its target price to 1,250p from 900p on Thursday.

Immediately after the UK's vote to leave the European Union on 24 June, Berenberg had downgraded the Staffline to 'hold' as it felt "uncertainty about the UK economic and political outlook would generate headwinds for both the recruitment division and the PeoplePlus division".

"Now that the dust has started to settle, the political outlook appears somewhat clearer and Staffline has reported a solid set of first half 2016 numbers, we feel that 'hold' rating was too downbeat," said Berenberg.

Staffline, which specialises in logistics, e-retail, manufacturing, driving, food processing and white collar recruitment, last month reported a 39.5% jump in first half revenue to £414.7m, driven by its Staffing business. Underlying profits before tax soared 50.5% to £15.2m and the interim dividend was raised 40% to 10.5p.

"Given the clear long-term track record of the firm, the focus on temporary recruitment in less cyclical areas of the economy and good progress made in reducing leverage at the business, we upgrade the stock back to Buy with a price target of 1,250p," Berenberg said.

The broker said while it continues to believe uncertainty has increased following Brexit and ahead of the Welfare to Work review, the shares remain 40% below peak despite no change in consensus earnings forecasts.

"We feel this potentially underestimates the scale of the business that management is trying to build."

Berenberg added: "The high level of uncertainty surrounding the business outlook and hiring was one of the principal reasons behind our early July downgrade. However, Staffline has confirmed it has traded well since Brexit and that its focus on blue-collar temporary workers in less cyclical industries should provide resilience versus recruitment peers."

[gbh2] 17/8/2016 11:07

Employment figures were good but average pay was down once again so it begs the question as to the value of the "New" Jobs imo.

[loobrush] 17/8/2016 11:01

Employment figures today showing more employed should give a lot of confidence to all investors in STAF as its services will be in greater demand. Should even see greater buying in my view as any risks dissapear.

[gbh2] 17/8/2016 10:33

Looks like it's going to be a long slow haul to the ex divi date imo.

[pastybap] 15/8/2016 20:08

Filtered here too, along with abarclay and didedoodoo or whatever you call him. This site was never exactly Mensa standard, but these three have taken it to a new level.

[alter ego] 15/8/2016 12:59

yep, nothing useful to say. filtered here too

[whymps2] 15/8/2016 11:13

Betelgeuse1. Filtered.

[betelgeuse1] 15/8/2016 10:07

Beam me up scottie, £14 beckons

[betelgeuse1] 15/8/2016 09:57

lip up fatty

busterbloodvessel, top of the pops in the 80s love it

[basem1] 15/8/2016 09:49

Guys, calm down, calm down you'll burst a blood vessel...........but I'm very haaaaaappppppppyyyyyy too.

[betelgeuse1] 15/8/2016 09:43

into orbit,
Beam me up scottie, £14 beckons

[betelgeuse1] 15/8/2016 09:30

going for it now

[betelgeuse1] 15/8/2016 09:27

won't be long


AGM soon also

[betelgeuse1] 15/8/2016 08:11

Beam me up scottie, £14 beckons

[betelgeuse1] 12/8/2016 16:15

Shooting into the close, weekend press and wham bam, £16 comung

[gbh2] 12/8/2016 13:40

Seems Fidelity almost halved their holding based on Dec 2015 figure.

[betelgeuse1] 12/8/2016 09:07

once you pop you cant stop

[gswredland] 12/8/2016 08:59

Hope you are right fizzy! Nearly my biggest holding here!

[fizzypop] 12/8/2016 08:39

I'm no chartist but from memory the share price tested the mid-2014 peak yesterday at 1050p. Last year's peak was 1600p and the next major resistance level. I would not be surprised to see this make £20 next year. Current forecasts for £12-15 are just short term. But the market needs a pull back and that will provide an opportunity. DYOR

[abarclay] 11/8/2016 20:10

hopeful for £17 on these