Sthree Share Discussion Threads

[yump] 20/1/2015 08:34

Is this in your bowl thread ?

Seem to be big movements for small £ of shares. Only 1000 shares this am and up 9.

[cockneyrebel] 20/1/2015 08:30

Agree yump, I'm long here too. Check out RWA, IPEL, MPI - all reporting improvements. Recent director buy here too - which tho small looks like a positive imo.

CR

[yump] 20/1/2015 08:22

I got some of these back in December for the dividend, as they appeared to be bottoming out as well - one of those potential double-gains. Forgot to put them on my list to keep an eye on and only remembered when the above post appeared and I saw STHR on the board !

So thanks for posting paleje, on what is a very quiet board.

I'm assuming that its quiet on here because its not a traders share. Very easy to miss that type of share, however good it is.

[paleje] 13/1/2015 12:15

That recent good update from Hays, with perm growth outstripping temps for the first time in ages must be a good sign. Also the strong jobs market in the US plus the dollar strength when translated back into UK earnings is good for us. Anecdotally I can say STHR are trying hard to increase US headcount as they tried to persuade a family member, who left them 2 years ago, to rejoin them in a position in California just before Christmas.

Yet the share price seems becalmed and we're on a current year PER of 15 with nearly 5% divi. I'd say we've been overlooked a bit, not sure why.

[richard98765] 16/9/2014 08:13

Seems to have broken support. Could be heading for 300. If so ill dabble as it could bounce significantly early next year

[royfox] 12/9/2014 12:03

Promising RNS, good value now against their peers. I'm in...

[paleje] 12/9/2014 09:46

Liberum reiterated their 475p target this morning.

[paleje] 12/9/2014 07:43

This morning's RNS suggests things might be starting to look up, Q4 always strong anyway but with expectations of exceeding the usual seasonal lift and perms trend starting to look better. PE 17 to Nov 2015 is in line with HAS but the 4.3% divi is much better.

"The fourth quarter is traditionally our most significant trading period and this will be accentuated in the current year by the pattern of headcount investment. Looking further ahead, the strength of our Contract book and improving pre-deal trends for Permanent give us confidence for the business in the medium term.

[paleje] 14/7/2014 10:54

Trading update this morning was hardly inspiring, contract up but struggling to make headway with perms which have shrunk from same period last year, not consistent with what others are saying. Seem to have have lacked direction under GE, disappointing so far.

[paleje] 18/3/2014 09:57

Citywire has a small piece on STHR this morning, we're on a current year PE of 25 but if Numis are right, and if we are in the early phase of recovery, and if it lasts, and if we hit their suggested EPS of 48-54p, then happy days. But a lot of ifs and no timeframe given, decent divi during the wait and see though:-

Specialist recruitment company SThree (STHR.L) has had an encouraging start to the year as it steps into a staffing recovery.

According to Numis analyst Steve Woolf, who retained a 'buy' recommendation and a target price of 534p on the shares, while Q1 results are the 'least significant' of the year, he is positive about the outlook for the company.

'Q1 trading indicates an encouraging start to the year, with improving trends in both temp and perm, and providing management with the confidence to indicate a steady investment in headcount over the remainder of the year,' said Woolf. 'We believe that we are in the early phase of staffing recovery, and there is significant earnings upside as we move through the cycle.'

He added that SThree could achieve 'earnings per share of c.48-54p at the peak of the next cycle'.

[ryandj2222] 12/2/2014 20:39

Could head up to 450 I think

[bullinachinashop3] 15/1/2014 15:41

breaking out, looking good for 400p+

[skinny] 17/12/2013 10:53

Just had a dabble here.

[gswredland] 06/12/2013 10:45

Thanks Paleje

[paleje] 06/12/2013 10:28

Trading statement this morning still a mixed picture hardly upbeat. But it's perms that have struggled and they've increased headcount in the 2nd half to accommodate an anticipated perms increase in 2014. It'd have to be quite a big one though to get in line with consensus 30m PBT for 2014. Investec upgraded to Buy this morning with 370p target.

[paleje] 26/11/2013 11:16

Cant see anything specific, they've been cautious lately but there's a trading update I think 06 Dec. If they're more upbeat and look to be in line with forecasts for FY 2014 then on a fwd PE of 18 they'd be out of sync with peers in the 20's.

I hold but decided against adding, I'll wait for the update, I think recruiters with a stronger niche have been better of late and still have a way to go.

[miti 1000] 26/11/2013 10:12

Any reason for the weakness on STHR recently ?

[melody9999] 02/9/2013 22:05

No surprise then about the Director sale ... surprised that the share price still at this level though. I wish all my holds had reached a PE of 45!

[phoenix1234] 17/7/2013 10:47

SThree plc - interims, a poor bet on macroeconomics

[gorse] 15/7/2013 08:23

Melody9999, I agree, and have placed a sell order on my small holding at a price of 351.5p. There may well be opportunities in the future to buy again at much lower levels.

[melody9999] 15/7/2013 08:13

Hmmm - interims show EPS at 3.7p -28%. Thats a PE of 45 ish given the share price at 350p. With a fragile outlook, this looks expensive to me. Better places for my money me thinks.

[paleje] 09/7/2013 07:30

Similar report in yesterday's Recruiter, Richard, I think the perm growth rate being highest for 2 years is a good sign, we need to see more of that and a slowdown in temps which doesn't seem to be happening yet. Dunno, wouldn't trust one report, the trouble is by the time enough evidence is out to make things crystal clear the sp's will have moved on. Assuming it's good of course:)

[richard98765] 08/7/2013 22:42

Good news but seems to contradict the sentiment from the IMS