Michael Page Share Discussion Threads

[volvo] 27/7/2009 10:31

LOL reached 295p today

Sold some more, short, 1billion pounds markets cap and less than 12m profit predicted.It will loose money this year!

[gswredland] 24/7/2009 15:00

How wrong the Telegraph was in it's advice about selling at 254.We are now at 287...

[justjus] 07/7/2009 13:31

Huge broker target disparity here, KBC says 285p, Panmure 94p

[dearydearyme] 02/7/2009 16:56

whats keeping this above 180p please?

[volvo] 06/6/2009 08:01

Telegraph today

Michael Page
Sell at 254p (this week 257p), says Altium Securities. After recent strength in the pound against the US dollar, Altium has downgraded its 2009 FY (-18pc) and 2010 (-16pc) earnings estimates. With about a fifth of business generated in the Americas and Asia Pacific, moves in currency markets are potentially significant. Furthermore, Altium highlights a slow start to the year, likely to have been magnified by the timing of Easter. A target of 180p has been formulated (from 200p).

[volvo] 05/6/2009 13:22

Heard that a briefing with certain analysts was not good.

Today Collins Stewart joining the many with a target price in the 140p range.

There will be an update in early July.There is an opinion that a trading statement of the awful figures being presented before maybe next week .

[dearydearyme] 14/5/2009 16:27

no support it seems, ats willing to walk this up and down

[jeffian] 30/4/2009 16:35

Yes, the HN figures were pretty amazing in the circumstances and I expect all the recruiters will enjoy some reflected glory from them. If you think MPI is a short from here, you go for it, but June 2007 might have been a better point! (sell the top, buy the bottom and all that). Good luck anyway.

Regards, Ian

[volvo] 30/4/2009 16:10

jeff you mention Harvey Nash, the figures yesterday were good hence there is a good reason.

Michael Page is globally exposed and europe in toast, and will report awful sales and the share price will not just continue.

[jeffian] 30/4/2009 15:30

Not that mad, Volvo. A word of warning; the share price of recruitment consultants are certainly cyclical, for obvious reasons, but they tend to lead the market. Thus the share price of MPI peaked around £6 early-mid 2007 even though they were still reporting stonking figures and collapsed to sub-£2 in anticipation of the conditions we are now experiencing (and which may get worse in the short term). Even if the recovery is 12/18 months out, that's what the share price is now anticipating and it will be back up there way before the results come through in the P&L account. Look at the charts for all the others - Harvey Nash, OPD etc - and you will see the same pattern. If you short now, you are betting against any recovery in the world economy for at least the next couple of years.

Regards, Ian

[volvo] 30/4/2009 15:15

Worlds gone barking.This companys is wording its profit warning as the world jobs market decline for at least 18 months.I am going to short it, not yet, but soon.

[dearydearyme] 30/4/2009 14:48

sold out too early

[phatprofit] 28/4/2009 13:58

not so sure about 'timber' ddme - i closed my short this morning as TA indicates an assault on 300p cannot be ruled out. Medium-Long term this baby is heading to sub £1.

On the sidelines for now.



P

[dearydearyme] 28/4/2009 12:47

TIMBER>>>
>>>>>

[phatprofit] 27/4/2009 08:00

Shorting at these levels is smart ......


The same way it's quickly risen 25% in a couple of weeks, i see quicker declines.

Sell



P

[dearydearyme] 26/4/2009 17:09

I agree anything over 2.20 is no buy.

More hope adecco will come ack i expect.

Turned down an offer for six squids

[volvo] 25/4/2009 20:44

Above level of September 2008 yet they are about to issue a profits warning.Dyor.

[volvo] 24/4/2009 08:41

It really must be me.

7th April

"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 GBP3m. 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.

3m!!!!!!!!!!!!!!!!!!

Thats 12m on a full year basis!!!!!!!!!!! Thats a gigantious pe rating in good times let alone mid depression.

It is trading 15p higher than the most optimistic forcast!!!!!!!!!

The concensus is nearer 170p and imo thats just a guess in these markets.

[volvo] 23/4/2009 12:29

This must be a great short from 255p to 200p from toady.

[dearydearyme] 15/4/2009 22:02

I have now sold