Hays Share Discussion Threads

[joe_public] 30/4/2009 14:11

Hayes PLC

Company description:-

Personnel activities and to take advantage of the deregulation of the UK mail market before considering a disposal of the Mail business. Personnel, specialist recruitment and HR services. Mail, premium mail and specialist courier services. Businesses being disposed of, specialist logistics, information management, business process outsourcing and non-UK mail services

[joe_public] 30/4/2009 14:07

One to put on your monitor

[volvo] 24/4/2009 13:32

Your right the graph looks ready to go.

BLOODY BIG BUT THOUGH.

The recruitment markets around the world have justed stopped.They are at a snails pace and the losses here will mount and dividend reduced or completely withheld.

Denial will be replaced with the facts soon imo.

[fast investor] 22/4/2009 12:38

Reckon we might get a boost from Darling here today in his budget.

Surely unemployment is the biggest thing the government have to tackle now.

Looks like theres quite a bit of mopmentum behind this one at the moment and if it breaks resitance at 88p it could really fly.

[lyntwyn] 20/4/2009 08:55

yep, don't think I'll see the 40's for another 5 years!! Wouldn't buy at this level though.

[volvo] 13/4/2009 19:01

Not the sector right now.

[lyntwyn] 13/4/2009 09:31

Much depends on the wider market. If as I suspect, the current market rise is a bear rally, then we could see HAS dip back to 40 ish as it did in 2001. Now that would be a good buy!

[volvo] 12/4/2009 20:13

This company is relatively sound.

It will not be paying a dividend though and it will spend its time just surviving for better days in Autumn 2010.Until then jobs will go and profits lost.Value 40p imo.

[scburbs] 11/4/2009 12:06

Worth mentioning that Panmure's 2010 forecasts are even more laughable than the 2009 forecasts. How can they possibly make £155.1m?

I hope they don't go into economic forecasting as that is one hell of an improvement in the jobs market that they must be predicting for 1 Jan-30 June 2010 (I am assuming even they can't be predicting it for 1 July-31 December 2009!).

Having said that I think the price target of 48p looks about right to me (yes I am short) and I don't suppose they will reduce it that much when they get around to doing some proper forecasts.

Has anyone seen any other updates?

[scburbs] 11/4/2009 11:55

Lyntwyn, Thanks for the Panmure update.

Did they read the same statement? In H1 a 2% fall in LFL net fees drove a 20% fall in operating profit. Do they really think they are going to make a PBT of £64.3m in H2 after £100.8m in H1? That would be an astonishingly good performance off the back of a collapsing jobs market!

In my view operating profit is going to be decimated in H2 and that is before a whole raft of exceptionally which will ensure that H2 reports a large loss on a statutory basis.

The MPI statement was a good indication of what is happening to operating profit from the turnover falls being experienced. This is a business that in H1 2008 reporting £84.9m operating profit and is now reporting £3m for Q1 2009!

"'As anticipated, the Group generated a higher gross profit in March than in either of the first two months of the quarter, resulting in a first quarter operating profit in the region of £3m. However, market conditions continued to weaken during the first quarter of 2009, with the impact of the financial crisis now evident in virtually every market and discipline in which we operate, albeit to varying degrees."



Lyntwyn - 27 Feb'09 - 09:20 - 831 of 834

Panmure, which reiterated its 'sell' recommendation and 48 pence price target on the stock, cut its 2009 and 2010 pretax profit forecasts to 165.1 million pounds and 155.1 million pounds respectively. "As market conditions deteriorate across the board, Hays' permanent revenue streams are now in free fall with no sign of this stabilising in the short term," said Panmure analyst Mike Allen in a research note.

[volvo] 11/4/2009 10:29

Lyn agree but short term there will be stress on this share price.Really surprised that the stock actually went up on that statement.Surreal because on any other day it should have reversed 20pc.

The 8pc dividend will not exist while they are seeing sales decline by 35pc and are laying off staff.

[lyntwyn] 10/4/2009 10:16

one to watch though as and when the jobs market hits the bottom. Entry point circa 55-60p maybe? still offers a divi yield of 8%



"I think around 20 percent of all UK recruitment firms will disappear as they struggle with pricing and I expect us to take market share. I'm confident we will emerge as a smaller but stronger business after the downturn," said Venables,FD.

[volvo] 09/4/2009 18:56

Grateful to have had the opportunity to exit these shares after that really downbeat trading statement.

[lyntwyn] 27/2/2009 09:20

Panmure, which reiterated its 'sell' recommendation and 48 pence price target on the stock, cut its 2009 and 2010 pretax profit forecasts to 165.1 million pounds and 155.1 million pounds respectively. "As market conditions deteriorate across the board, Hays' permanent revenue streams are now in free fall with no sign of this stabilising in the short term," said Panmure analyst Mike Allen in a research note.

[lyntwyn] 26/2/2009 09:56

LONDON (Dow Jones)--Hays PLC (HAS.LN), the U.K.'s largest recruitment specialist by market capitalization, Thursday reported an 18% fall in first half pretax profit as overall demand for placements continued to be subdued across its key markets.
The only share price red today on my screen!!


The company said demand for permanent placements was continuing to weaken across all regions, though temporary placements were proving more resilient.

In a statement for the six months to Dec. 31, pretax profit for period fell to GBP100.8 million from GBP122.7 million reported the previous year. Like-for-like group net fees, the measure closely watched by analysts, fell 2% to GBP383.7 million.

"Despite the increasingly tough markets we operate in, the early and decisive actions we have taken to defend and develop our business have allowed us to deliver a resilient performance," Chief Executive Alistair Cox said in a statement.

The firm left its interim dividend unchanged at 1.85 pence per share.

[666james] 09/2/2009 17:14

A bit of profit taking today. Hope it continues its way north tomorrow.
Helloooooooooooo is anybody there ??

[666james] 06/2/2009 22:10

good finish to the week. monday started at 74p...friday nearly 85p. I am probably talking to my self...so "yes,it was"

[lyntwyn] 09/1/2009 10:27

High dividend promise at Hays cannot fail to recruit investors

Tempus advised "sell" last July at 76½p, since when the shares touched 55½p at their October low. But at yesterday's 76¼p, or eight times this year's consensus earnings, it feels churlish to fight the allure of a solid 7.5 per cent return on the payout. Buy on weakness.

[666james] 05/1/2009 13:36

beats me..but not complaining :+)

[betman] 05/1/2009 09:34

Whats going on here, up 10%, nayone heard any news ??

[newkid] 24/10/2008 19:08

If Hays keeps the divi the same it would pay you 10.5%. Never had that before from Hays. Could never understand why they never paid decent divi's given that Hays has been cash rich for alot of years as can be seen from it's share buy back program over the past few years. They make so much money they don't know what to do with it. Looks like a good buy at this level even given the down turn in the jobs market IMO.

Regards NewKid

[lyntwyn] 21/10/2008 09:39

20.10.08 :-1.5, (71.75) Panmure cuts its price target to 48p from 61p; Keeps sell rating

[666james] 04/10/2008 10:55

newkid see "financials" above...22/10/08 pay day 21/11/08. wtf was that trade last night at 45p !!!or there abouts.

[newkid] 11/9/2008 09:00

Whens the divi cut off date anyone please?