Sthree Share Discussion Threads

[paleje] 11/4/2012 09:54

Is is just that MPI is overpriced. I still like STHR, they're sharing the good bits MPI reported (Asia Pacific, Germany, France) but not suffering so much on the bad bits (banking) as they cut back. Down in sympathy and poor general sentiment this morning, nice xd soon though as you say CR.

[cockneyrebel] 11/4/2012 08:40

How can STHR stay so much cheaper than MPI ?



0734 GMT [Dow Jones] Michael Page International's (MPI.LN) performance continues to be negatively affected by the banking sector, says Seymour Pierce, commenting on the 1Q results released Wednesday. The banking sector, which now accounts for 8% of Michael Page's net fee income, declined by 12% in the quarter, it notes. Overall group growth was slower than peers Sthree (STHR.LN) and Robert Walters (RWA.LN), it adds. Seymour Pierce continues to think Michael Page's rating is demanding against the peer group. Given the subdued outlook and the rating, Seymour Pierce keeps a sell recommendation on the stock and target price of 320p. Shares are 4.7% lower at 433p

[cockneyrebel] 11/4/2012 07:59

Well looking at MPI's growth today and the fact that STHR is a better performer, far cheaper and paying a fabulous divi then these still look blazing cheapp imo - will be one of the big fast bouncers when markets turn positive again imo.

Nice buy point on the chart too imo.

CR

[cockneyrebel] 10/4/2012 10:50

Trading update due around 19th and a 9.3p div if you are holding at the close on May 1st.

And still looking miles cheaper than MPI.

CR

[paleje] 29/3/2012 15:56

Germany reported better than expected unemployment numbers today, the US ditto last week. Several firms incl STHR (which anticipated it a year ago) are seeing strong demand for staff in the energy and commodities sectors in Asia Pacific, Australia and Africa. As you say CR, on a bad day we are holding well.

[cockneyrebel] 29/3/2012 14:24

looking firm today, making a new recent high here.

CR

[jon827] 27/3/2012 16:24

Tell u wot, after reading the last IMS its nice to hear a CEO not hiding behind the "2012 could be challenging" garb all teh others keep spouting.... Well done that man

[cockneyrebel] 27/3/2012 12:49

No resistance till 377p here now

CR

[cockneyrebel] 26/3/2012 12:21

creeping through the recent highs this am.

CR

[cockneyrebel] 23/3/2012 14:44

Going through the recent high here - could be fun :-)

CR

[cockneyrebel] 21/3/2012 15:21

Looking good for a break through that recent resistance here imo.

380p the next chart resistanc ethen imo.

CR

[gerri-c] 14/3/2012 08:08

What on earth is going on with the spread here this am?

[v11slr] 13/3/2012 12:28

I don't think it'll be long before that have to raise that price target again.

I do like their quote though :
"We continue to believe the market underestimates the medium-term growth opportunities of this cash generative business,"

[cockneyrebel] 13/3/2012 12:22

000 GMT [Dow Jones] Credit Suisse raises SThree (STHR.LN) price target to 345p from 270p, following the company's interim management statement released on March 9. Gross profit growth in the 1Q rose to 15% from 8% in the previous quarter. Markets remain challenging but current and forward indicators have improved, says CS. "We continue to believe the market underestimates the medium-term growth opportunities of this cash generative business," says the brokerage. Maintains outperform recommendation. Shares are 2.1% higher at 311.25p.

[cockneyrebel] 13/3/2012 11:16

yes, a very nice final divi actually :-)

broken out today.

[paleje] 12/3/2012 12:00

Hope so CR, nice xd to look forward to 02 May too.

[cockneyrebel] 12/3/2012 10:21

On the crest of a rather lovely breakout here

CR

[cockneyrebel] 11/3/2012 19:43

Investec raise from 285p to 350p.

CR

[cockneyrebel] 11/3/2012 17:39

I see G.Sachs upgraded STHR late Friday, raising their target from 346p to 407p.

[paleje] 11/3/2012 10:45

Article from 09/03 Recruiter re improving sector sentiment, optimism growing with the exception of banking/financials (which we adjusted for last year):-

[cockneyrebel] 09/3/2012 19:07

But when you look at MPI their last results their earnings were down 13% while STHR's were up 20%

here's that chart again - underperformance is stark imo:



Brokers are forecasting sales of around £560m

Charles Stanley forecast 17.1p eps, 14.4p divi in Feb

Sales are up around 12% year on year which would make £607m sales for the year if it continues.

The 14.4p forecast divi looks nailed on imo and the 17.1p eps compared to the 16.8p look easily beatable imo

CR

[v11slr] 09/3/2012 10:38

Maybe size is the problem, institutions wanting to get into the recruitment area for the coming recovery might not be able to get the volume they want in STHR.

[cockneyrebel] 09/3/2012 10:32

How crazy is it? These ar eon a PE of about 14 and paying a 5% yield, up 9p today. About £50m net cash.

MPI is on a PE of 20+, a 2% yield, growing at about the same pace as STHR and £50m net cash and today it's on a new recent high - up 11 !

STHR is bonkers cheap in comparison.

MPI is 4 times the size yet forecast to do jusat 2.5 times the profit to mkt cap. Far less scope to grow from this size. The £50m net cash bot co's have is far greater comared to STHR's mkt cap too.

All imo/dyor.

CR

[shammytime] 09/3/2012 08:31

This will be 300p before the day is out