Hays Share Discussion Threads

[kalai1] 13/10/2022 11:49

hxxps://wealthoracle.co.uk/detailed-result-full/HAS/580

[kalai1] 13/10/2022 11:48

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.co.uk/detailed-result-full/HAS/580

[hyden] 29/9/2022 09:22

Yes, according to my records.

[gswredland] 29/9/2022 08:36

Did it go ex dividend today please?

[essentialinvestor] 26/8/2022 13:12

Fwiw I completely disagree with the BOD decision to pay a special dividend.

Having gone cap in hand to shareholders in 2020,
the focus now needs to be building a strong balance sheet buffer in case of much
tougher conditions ahead. Any decision on paying a special could have waited to
see how 2023 looks to be developing.

[mirandaj] 25/8/2022 13:02

Job Curtis of City of London Investment Trust has been buying Hays (HAS):

Aug 23, 2022 Job Curtis, manager of the City of London Investment Trust, talks to interactive investor’s collectives editor Kyle Caldwell. The pair discuss how the trust’s heavy bias towards FTSE 100 stocks has paid off so far in 2022, and three recent new purchases, which were made to take advantage of volatility.

[longshanks] 25/8/2022 08:05

Very good. Solid cash generation with lots of money being returned to shareholders.

[gswredland] 25/8/2022 08:00

Results look good!

[longshanks] 10/8/2022 18:34

True: they reported a slight slowing down in some of their markets in JulyNonetheless, they also reported pretty solid interims.

[phillis] 09/8/2022 11:25

Page has said business slowing a bit

[longshanks] 18/7/2022 13:56

I've been buying recently. Think it was Questor in The Telegraph that put me onto it.One of the best ways to get an above inflation pay rise is to change jobs. With a dearth of candidates and plenty of positions available, agencies like HAS stand to have a good few years now.A potential cloud is that the medicine to fight inflation may well kill off recruitment as companies tighten their belts and rein back investment.That is one reason for caution but I think this will do well over the next two years with stonking free cash flow before any fiscal cooling ends the party.

[deadly] 14/7/2022 08:34

Another great quarter, yet the price is marked down at the start. What a depressing market.

· Record quarter with fees up 23% and 15 country fee records. Perm up 31%, with Temp up 16%, both helped by continued improved margins. Fees and activity levels were sequentially stable through the quarter and the Group's fee growth exit rate was 19%

· Group operating profit for FY22 is expected to be c.£210 million, at the top end of our previous guidance(1)

[lennonsalive] 21/4/2022 08:35

There is also a lack of candidates too for recruitment agencies. Although the job centres are focussing on supporting people back to work

[phillis] 19/4/2022 15:53

i wonder why HAS isnt attracting more attention

rising payroll inflation
large number of job vacancies

HAS will continue to place job candidates at higher pay levels = more commission

[lyceeuk] 14/4/2022 07:25

Great quarter

[phillis] 13/1/2022 11:08

Looking interesting
OP in 2019 was £248m

[deadly] 13/1/2022 09:22

Yet Another great TU today:

- Record quarter, with excellent fee growth in all regions. Fees up 37%, led by Perm up 61%. Temp up 22%, with strong margin and volume growth through the quarter. Fees up 11% versus Q2 FY20(1)

- Given the strong fee performance, operating profit for the year to 30 June 2022 is expected to be c.GBP200 million, ahead of consensus market expectations(2)

[phillis] 14/10/2021 10:27

% numbers in isolation are not v helpful
2020 Q1 down 29% on 2019
Now up 41% on last year so if
2019 = 100%
2020 = 71
2021 = 100

or am I going wrong somewhere?

[deadly] 14/10/2021 08:29

Another great TU today.

[the white house] 30/9/2021 08:40

Huge divvi paid Strong futureAdded

[idiotsinthe darkrizandlintard] 27/9/2021 12:17

Should be a great week with 10p+ divi ex date this Thursday. Strong rally into Thursday makes this a BUY. Just added more.

BUY BUY BUY