Staffline Share Discussion Threads

[themaker] 04/1/2017 08:49

Very good. Though it seems a strange time for a trading update (just days before full year results), surely a TU around the mid point between the full year and the interim results would steady the share price?

[aishah] 04/1/2017 08:29

finnCap reiterate BUY and 1615p target.
Liberium reiterate BUY and 1100p tp.

[glasshalfull] 04/1/2017 08:06

Positive update.

Importantly, Liberum are indicating that net debt has fallen £7m more than precious expectations!

"The cash performance has been better than our revised expectations, due to better collection of debtors and despite strong Q4 revenue growth. We reduce net debt back from £43.6m to £36.5m (0.8x EBITDA), vs. our original estimate of £34.1m. That implies £35.6m of FCFe, which represents a 15% FCFe yield."

On a PER 7.5 they appear excellent value IMHO.

Regards
GHF

[the big fella] 04/1/2017 07:57

Hopefully a positive day on the back of that. These are very cheap

[ricky46] 04/1/2017 07:44

Great stuff

[rivaldo] 04/1/2017 07:25

Good trading update out this morning - STAF are trading in line with 111p EPS expectations for last year. This means they made around 63p EPS in H2 alone:



"The Board is pleased to report that the Group expects to deliver full year results in line with market expectations. Demand in the Staffing business has remained strong through the second half and the division has once again achieved excellent growth in the number of OnSites this year. PeoplePlus, the Employability, Skills and Justice Division, has also made good progress, becoming the top performer in Work Programme contracts as well as benefiting from its focus on improved margins."

[davidosh] 03/1/2017 18:52

Results shouldl be out in late January and I am going to try to arrange a lunchtime presentation if anyone here is interested then just email me at mellomeeting.co.uk

[themaker] 03/1/2017 14:10

Don’t bother answering, just saw that there has been two trading updates on the 6th for the last two years. Mondayitis on a Tuesday, what has the world come to :D

[ihatemms] 03/1/2017 14:06

Trading update last year on the 6th Jan 16. How much research do you actually do?

[themaker] 03/1/2017 13:48

Really? Just wondering what you're basing this on?
Dug around the last few years and something is generally published towards the end of the month?
Thanks

[ihatemms] 03/1/2017 12:06

TU should be any day now - hopefully b4 Friday.

[gbh2] 03/1/2017 09:20

Looking more & more like an illiquid stock to me.

[opodio] 29/12/2016 08:37

looks very cheap indeed

[essential] 28/12/2016 13:55

These are at 3 year support levels. Really hoping it holds and we see some performance improvement as these are my biggest SIPP losers over the last couple of years

[ricky46] 21/12/2016 21:39

I think these will be slightly ahead of management expectations for year end 2016

[ihatemms] 20/12/2016 12:52

That's good news fig1 . These should be trading much much higher. Trading statement should be out in about in about 10 working days.

[hutch_pod] 30/11/2016 15:31

News like this perhaps....http://news.sky.com/story/pm-i-was-right-to-hold-out-on-letting-eu-citizens-stay-in-uk-after-brexit-10677906

[the big fella] 30/11/2016 15:21

Probably because I bought some 😦

[sabzahmed] 30/11/2016 15:15

Any idea why it's been dropping?

[the big fella] 24/11/2016 15:49

That will do nicely.

[rivaldo] 24/11/2016 14:56

Nice intra-day turnaround.

I note that Finncap have reiterated their buy and 1615p target:

[whymps2] 23/11/2016 22:20

RAMP'opodio' still ramping after all this time....it obviously works for you.

[gswredland] 23/11/2016 18:10

Fingers crossed.

[opodio] 23/11/2016 15:06

could be a sharp lift off to 1100p from here - see chart