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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hays Plc | HAS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.45 | 0.57% | 79.80 | 16:29:55 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 79.05 | 79.00 | 79.95 | 79.35 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 22/08/2024 | Final | GBP | 0.0205 | 17/10/2024 | 18/10/2024 | 25/11/2024 |
| 22/02/2024 | Interim | GBP | 0.0095 | 29/02/2024 | 01/03/2024 | 09/04/2024 |
| Final | GBP | 0.0205 | 05/10/2023 | 06/10/2023 | 17/11/2023 | |
| Special | GBP | 0.0224 | 05/10/2023 | 06/10/2023 | 17/11/2023 | |
| 23/02/2023 | Interim | GBP | 0.0095 | 02/03/2023 | 03/03/2023 | 11/04/2023 |
| 25/08/2022 | Final | GBP | 0.019 | 29/09/2022 | 30/09/2022 | 11/11/2022 |
| 25/08/2022 | Special | GBP | 0.0734 | 29/09/2022 | 30/09/2022 | 11/11/2022 |
| 24/02/2022 | Interim | GBP | 0.0095 | 03/03/2022 | 04/03/2022 | 08/04/2022 |
| 26/08/2021 | Final | GBP | 0.0122 | 30/09/2021 | 01/10/2021 | 12/11/2021 |
| 26/08/2021 | Special | GBP | 0.0893 | 30/09/2021 | 01/10/2021 | 12/11/2021 |
| Top Posts |
|---|
Posted at 16/10/2024 11:59 by grabster UK Budget is a fortnight away. From the hints being picked up so far, what impact might be expected on RWA/HAS/PAGE? And is any one of them likely to respond any differently from the other two? |
Posted at 11/10/2024 08:58 by martinmc123 2*Another soft quarterly update from recruitment company Hays plc. Net fees in the quarter were down as expected reflecting the tough market conditions, particularly in Permanent where management are seeing a longer time to hire and low levels of confidence. Both are also expected to continue which points to more soft performance ahead. This quarter Group net fees were down 14%, with Temp down 10% and Perm down 20%. Management are continuing to counter the fall in revenue by cutting headcount, consultant headcount reduced by 2% in the quarter and is down by 18% YoY. And also by boosting consultant productivity which was up 5% yoy by focusing on operational rigour and resource allocation. Longer run Initiatives to deliver c.£30m per annum structural savings by the end of FY27 are progressing well, but these cost savings are relatively modest, about 4%-4.5% of total FY23 operating costs. Still every little helps and recruitment businesses are highly cyclical. Share price focused more on the positives this morning, but it remains in a longer run correction. Valuation is also still toppish with forward PE at 19.3x, although this is more or less in line with rivals PAGE and RWA. Not much reason to buy into the sector at present, wait for rate cuts to be delivered and economy to reaccelerate later in 2025... ...from WealthOracle wealthoracle.co.uk/d |
Posted at 22/8/2024 14:11 by martinmc123 Hays Group posted a softish set of Interims this morning confirming that performance has been challenging, but interestingly the share price has rallied anyway suggesting that all the bad news may now be in the price. Group fees decreased by 12% to £1,113.6m, PBT before exceptionals was down 51% to £94.7m, there was a statutory basic EPS loss of 0.31p. There was weakness in the Group’s 3 largest markets, the US, Germany and Australia. Group headcount decreased 15%, management reduced costs by an annualised c.£60 million and expect to deliver further structural cost savings of c.£30 million per annum by the end of FY27. Valuation isn’t particularly helpful with forward PE ratio at 22.4x and bottom quartile for the sector. But the share price is up nearly 4%. True, the news was maybe not as bad as feared, but there is no rush to buy here. Monitor for now...from WealthOraclewealthoracle.co.uk/d |
Posted at 14/10/2023 14:11 by disc0dave46 Overview of RWS, PAGE and HAS.Https://www.ii.c |
Posted at 13/10/2023 18:01 by disc0dave46 Sharecast - Liberum has kept a 'buy' recommendation on Hays despite the recruitment firm failing to meeting expectations with its first-quarter results, but has trimmed its target price slightly from 125p to 120p. Hays reported on Thursday that like-for-like net fee income fell by 7% in the fiscal first quarter, below the 5% drop expected by analysts. Liberum analyst Sanjay Vidyarthi said he has now reduced his full-year EBIT forecasts by 12%, "bringing us more in line with consensus, which had been drifting down into this update". He says that the EBIT recovery journey "could be a long one", but that Liberum still favours Hays to competitive Page due to its higher exposure to the temp and contract markets. "Hays' higher temp/contract mix provides a degree more protection through the cycle than Page's perm focus. It is increasingly focusing on higher margin and higher growth segments and driving productivity is key. However, the forecast trajectory needs to pick up before the shares can properly re-rate," Vidyarthi said. "As things stand, our FY26E EBIT is little more than what was achieved in FY07. Meanwhile, the balance sheet remains strong enough to weather the storm and there is some yield support (FY24E: 5.5%)." |
Posted at 13/10/2023 09:59 by disc0dave46 Hi EI That would be around £157m op profit?.For HAS Stocko has Pat £117m, so assume pbt £157m, and op profit £161m. Let's say £160m op profit, going on what they said in their Q1 and last years costs I get op profit circa £180m, so are they saying £20m additional cost to "protect key strategic investments"....whatev |
Posted at 12/10/2023 18:51 by disc0dave46 Just read again.They say FY24 has begun in line but then later in their outlook say:"As a reminder, given that Group net fees will decline year-on-year in H1 FY24, in part due to the FX and working day impacts noted above, we continue to expect conversion rate and operating profit will also decline, as we protect key strategic investments to benefit from future recovery and structural growth opportunities."The fx working day hit was stated as £7.5m off last years op profit of £197. So say £189m, but are further reductions also forecast as comment above?, so what was forecast at start of FY24 and what's forecast now?, it's unclear to me tbh. I'd say £180m?. would be be too far off but wtfdik. |
Posted at 12/10/2023 18:42 by disc0dave46 No problem, sorry didn't have too much time to research further.What is the forecast op profit for HAS?. Seems like they've possibly clouded over announcing a pw unlike PAGE but don't know what their f/cast op profit was, just the comment that it will decline and no comment as to whether or not they will hit forecasts (again I've only quickly looked so apologies if I'm wrong and didn't see it).Sod's Law I meant to sell PAGE before yesterdays Q3 results as expected a profit warning but got distracted......then it fell.Conversely the other month I sold my JD shares before results as expected a profit warning but an in line......it shot up. DohDifficult markets at the moment! |
Posted at 12/10/2023 17:51 by disc0dave46 Hi EILooks to be a similar story at PAGE (I hold). Main issue decline in permanent fee incomes. Noted HAS down 7% in Q1 but they are saying in line for the year - but there will continue to be a decline in op profit but they don't say how much (only read quickly so apologies if missed it). PAGE on the other hand in their recent Q3 update reduced this FY forecast op profit by 7.6% which virtually aligned with reduction in fee income, so would guess the same for HAS? (is their op profit this FY going to be circa £180m?). Both have increased earnings though for their respective next FY period (PAGE +11% to +16%, HAS +24%) so given different 12m FY periods it looks like things are expected to pick up in the next FY. |
Posted at 13/10/2022 10:48 by kalai1 Hays Group issued its Q1 trading update this morning reporting growth in net fees of 19% with 3 of 4 regions posting double digit growth. Group consultant headcount was up 2% in the quarter and up 19% YoY. The balance sheet remains strong with net cash position of c.£185 million in line with expectations, driven by a solid cash performance and after c.£40 million in share buybacks in the quarter. The Board is committed to returning significant cash to shareholders who will vote on a proposed £121.2 million special dividend in November. Valuation is reasonable with forward PE ratio at 11.0x, PS ratio at 0.25x is even more attractive. Share price has been attempting to put in a floor since the summer, but still lacks positive momentum for now. The macro environment remains the main cloud for job creation and the recruiters generally. Other than that, HAS is a solid, reasonable investment. Dividend yield at 3.8% is decent although a little below its direct competitors. Certainly a share worth monitoring for now, but no particular rush to buy......from WealthOracle hxxps://wealthoracle |
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