Impellam Share Discussion Threads

[plasybryn] 06/4/2023 08:58

77.8p per share Special Dividend paid today. That is one big juicy payment. Well done Impellam. I suspect a number of investors will use this to increase their holding especially as the Co has confirmed another tasty dividend in January. So i expect to see buying today. Anyone had their dividend yet?

[plasybryn] 06/4/2023 08:11

Pay day today. Will some be reinvested pushing share price higher

[plasybryn] 07/3/2023 10:59

Great News:
6 March 2023

Impellam Group plc

Completion of Transaction and Special Dividend

Notice of Results and Trading update

As previously announced, Impellam Group plc (AIM: IPEL) has completed the sale of the Regional Specialist Staffing and Healthcare Staffing businesses to Twenty20 Capital for a cash consideration of GBP85m on a debt-free, cash free, normalised working capital basis (the "Transaction").

As a result of this Transaction, the Board of Impellam is pleased to declare a special dividend of GBP35m (77.8 pence per share).

The dividend timetable is set out below:


Ex Date: 16 March 2023
Record Date: 17 March 2023
Payment Date: 6 April 2023

The Impellam Board is also pleased to confirm its intention, subject to the Group's trading performance, to re-commence the payment of annual dividends, starting in January 2024 of GBP25m. This represents an 8.05% forward yield on closing share price on 3 March 2023.

The Group expects to release its results for the financial year ended 31 December 2022 on 30 March 2023. The Group had a strong finish to the year and, as previously announced, expects to report annual gross profit of GBP315m, being growth of 23.7% compared to FY2021. Annual gross profit from continuing operations is expected to be around GBP205m, being growth of 27.3%.

Julia Robertson, Chief Executive Officer commented:

"This strategic realignment enables us to focus our investments on the delivery of digitally enabled, multi-disciplinary workforce and specialist recruitment solutions to our customers in the UK and Europe, North America and AsiaPac. As an upper-quadrant industry leader in the provision of Managed Services Programmes (MSP), Recruitment Process Outsourcing (RPO), Services Procurement and Recruitment Solutions our unique proposition combines market leading recruitment outsourcing capability with extensive Science, Technology and Engineering talent acquisition expertise.

The investment case for Impellam is enhanced by this Transaction with greater visibility of future revenue and increased efficiency, led by our virtuosos and underpinned by proprietary digital technology and partnerships with market leading software providers future proofing our services and driving higher margins and return on capital".

[plasybryn] 05/1/2023 08:36

Ex dividend today.

[firtashia] 03/1/2023 19:37

And now another wodge of similar proportions, going ex divi on 5th. So no divis paid for 4 years and then £50m splurged out to holders in two months. Don’t know what to make of it, together with the shares buyback programme it would imply they were cash rich. Don’t have an accounting background so Would welcome peoples thoughts on whether this is really the case.

[saint in exile] 13/11/2022 17:38

8% divi is tasty.Ex divi on the 18th

[deadly] 12/11/2022 10:06

So quiet here given the performance in these difficult times.
Seems many prefer to lose money on riskier stocks.

[staverton] 11/10/2022 16:14

bottom drawered these moons ago. quite a good rise here bearing in mind a troubled market.does anyone have any useful info to part with ? .thanks in advance

[kramch] 31/3/2022 11:10

Results seem to disappoint the market. Accounts difficult to evaluate with all the adjustments. But lot of reorganisation new initiatives being trumpeted.
K

[km18] 21/2/2022 17:31

...from last year...

Impellam Group PLC provides strategic planning and management services to its portfolio of subsidiaries. It is engaged in the provision of staffing solutions, human capital management and outsourced people-related services in the United Kingdom, Ireland, North America, mainland Europe, Australasia, New Zealand, Singapore and the Middle East. Current market cap is around £148m.

IPEL today provided a solid set of interim results for H1 FY21. Group revenue increased 6.3% to £1089m, gross profit rose by 6.4% to £122.6m, operating profit was £8m after a loss of £21.3m in H1 2020. Basic EPS in H1 2021 was 5.6p compared to -58.2p 12 months earlier. Net debt fell to £25.5m  from £36m. In short IPEL has enjoyed a firm recovery across its markets and its financials have improved significantly....

...from WealthOracleAM

[eezymunny] 29/7/2021 09:56

Good recovery. Throwing off buckets of cash again...

[loads2] 24/3/2021 21:09

Share price went up over psst 2 days. Maybe even better days ahead for shareholders

[nicolaw] 24/3/2021 18:01

i bought this share mid 2020 but got out at first increase as it is stagnant. nothing seems to happen even though fundamentally there should be. it seems to me no one is interested as they are not paying out dividends and even when they do well in their reports it makes no difference as the profits will never make it to PI hands.... i am being cynical i know, but this share should be so much higher than it is!! it is being held back and the buybacks dont help as definitely no dividends. bit of a conundrum to me this one. DYOR, IMO etc

[chrisb1103] 24/3/2021 17:28

I followed Lord Ashcroft when he bought 50000 at 210p last October.Thought a 100K investment might mean he was confident!It's not done much since but maybe its showing signs of recovering.... hopefully a nice surprise awaits. The silence from them has always been deafening. It's one of the reasons I sold out back in 2013 ish (just before it really shot up typically)

[velvetide] 23/3/2021 14:43

Could be, its starting to look "held back"

[loads2] 15/3/2021 16:52

I wonder about this company perhaps being a big beneficiary from covid ie making money out of it. Lord ashcroft and his medical business here certainly reaping the benefits ...

Impellam (and Carlisle) are possibly morally and ethically compromised but so too are lots of other businesses

Impellam (and Carlisle) must be making a fortune right now. And ashcroft in Belize must be enjoying it all for himself ... so private investors can only get crumbs from the table of wealth created by these businesses

Does anyone here have any idea of how might look the next set of results due April 2021

The share price seems low, the pe is low. Money is being made out of covid? Is this right? Does it matter? Ethics aside, where is this share price going?

[sphere25] 23/11/2020 11:38

Nibbled a few of this laggard as a shorter term speculative one.

The sector has moved big whilst this has been sat doing nothing. A little more interest today with the price shifting a tad higher and threatening the key resistance atm.

Will the rising tide continue to lift all laggard boats?

As per always this is nothing more than an opinion
DYOR

[cb7] 26/7/2020 09:44

Forgot to say, it has been in a rising trend since the early July lows and MACD indicates a buy. However, although it is rising, caution as it is still within the overall falling trend which started way back at the start of 2019.

[cb7] 23/7/2020 15:29

I monitor this company and have owned shares several times in the past, although not now. These staffing companies usually do badly in a recession, hence the falling shareprice. Also remember Ipel is always lowly rated, typically p/e of 6-8 even during good times. If you think the price is low you could buy a small amount for a possible bounce when their interims are announced, assuming results are not as bad as market expects. These results are usually in the next few weeks. Otherwise if you prefer to play safe and are cautious then wait to see what clarity those results bring.

[nicolaw] 18/6/2020 19:23

Hi, anyone watching this company in 2020? they are doing a share buyback which in theory is the opposite of share dilution so should make the share price go up as there are less shares available... however since the buyback started it seems to have dipped... anyone know if should buy in? looks a great profitable company? just unsure why share price keeps going down instead of up....

[pugugly] 20/2/2020 10:08

Very quiet board - Anyone still following -
Could this be going the way of most recruitment companies? Downhill>>

[bench2] 06/2/2019 14:56

Just bought back into Impellam at 550p having sold out last November at 636p . Only a small amount as it feels like a big seller has further to go as the daily company buy backs are not providing much support .

[bench2] 27/9/2018 19:11

Interesting to see what Cenkos make of today's trading statement and 17% price fall .

[spooky] 10/8/2018 11:43

Twas too cheap IMO, now less so.