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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Michael Page | MPI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 399.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 399.00 |
| Top Posts |
|---|
Posted at 08/12/2011 08:33 by m.t.glass "..Under Financial Services Authority Listing Rules, directors cannot deal in the 30 days before a trading statement. However, Michael Page said yesterday's announcement was unscheduled so was not covered by a closed period..."I wonder if they will get away with that excuse? If they do it will allow other companies to duck the rule by never giving a date in advance. On the other hand, investors might conclude that failure to publish a date is itself a warning. |
Posted at 05/12/2011 07:51 by cockneyrebel most of the warning in the price here tho isn't?Fell 15 on Friday after STHR warned and there's great chart support around the 240 level. If this is the end of the bear market on the back of a Euro deal then investors are likely to move to cyclicals from defensives here and look through the next 3 to 6 months imo. Recruiters are the sort that bounce biggest and earliest when mkts change imo and well before you get the good news imo. CR |
Posted at 04/3/2008 06:25 by crosswire OUTLOOK Michael Page FY pretax seen up 51 pct on geographical diversificationTuesday, March 04, 2008; Posted: 12:35 AM LONDON, Mar 04, 2008 (Thomson Financial via COMTEX) -- MPGPF | news | PowerRating | PR Charts -- Michael Page International PLC is expected to report a 51 pct increase in full-year pretax profit today, boosted by geographical diversification, although the company must specify its growth prospects for the shares to pick up, analysts said. Evolution Securities analyst Hector Forsythe said he expects "a confident update couched in language appropriate to prevailing economic uncertainty", and comments on plans for further growth this year. Based on the consensus of 22 analysts provided by the company, full-year pretax profit will reach 146.4 mln stg from 97 mln in the same period last year. The company said in its January trading update it had seen signs of weakness in specific banking sectors in the UK and Asia, which was blamed for UK net fee income growth slowing to 15.6 pct in the fourth quarter. The explanation was the impact of investment banking and of internal leadership issues in the finance and accounting business in London. Forsythe said investors should keep their focus on this. Analysts expect the overall business growth rate, or gross profit, to increase 37 pct year-on-year to 478.1 mln stg on the back of geographical diversification. The driving force remains supply constraints in specialist recruitment niches, together with regulatory and legislative changes in European markets, said Forsythe. Michael Page reported high double-digit growth in Europe, Middle-East, Africa, the Americas and Asia Pacific in January. Headcount -- which analysts view as a measure for the health of the business -- has also increased, with the group saying in January this figure was 5,052 as of Dec 31. Altium Securities analyst David O'Brien said this increase highlighted the confidence that management has in the medium-term outlook, although other analysts think this will slow going forward. Michael Page shares have lost half of their value since July because of investor worries the credit crunch will spread to other areas of the economy and hurt recruitment companies. Michael Page has tried to assure the market its business is still strong despite the headwinds in UK and Asian banking sectors, although investors will want to hear more about the recruiter's growth plans as well as comments on current trading. The company previously has said that while it is mindful of the uncertainties surrounding the global economic outlook, it still has many opportunities to grow its business. Analysts said they want the company to identify these opportunities and will also keep an eye on the cost base, in particular the headcount. By Anita Likus; anita.likus@thomson. |
Posted at 09/1/2008 10:43 by ilancas From the Telegraph.....Questor says Buy When Questor tipped Michael Page International back in August of last year, we warned investors to be prepared for a bumpy ride. In fact, the journey has been rather less bumpy, and more of a downward helter skelter, than we ever anticipated. Like rivals such as Hays, Michael Page has received a battering from a market that expected the waves from the credit crisis to hit the company full on, wiping out the company's business. So far, the disaster appears to have been averted. Whether it can be avoided altogether, or merely deferred, remains to be seen. Inevitably, the company witnessed slower hiring in some banking functions in the fourth quarter, but as it expands in other industries and other parts of the world, domestic financial hiring is becoming a smaller part of the business. Meanwhile, other areas - such as European sales and marketing and engineering workers - grew to such an extent that Michael Page was able to boast a 38pc increase in fourth-quarter gross profit to a record £128m, exceeding consensus forecasts. "Immature" markets in Europe such as Germany represent "massive opportunity" for further expansion, chief executive officer Steve Ingham said as he continues to transform the company to one looking very unlike the one that was hit so hard during the slowdown at the turn of the century. Given the lack of visibility in some of Michael Page's key markets, and the continuing question over how sustained any downturn will be, any recovery in the share price - which has fallen 41pc over the past 12 months - seems unlikely to arrive soon. The risk averse or shareholders looking for a fast buck should keep on moving. But for investors with a longer-term outlook, the stock - on just 8.6 times Investec's 2007 forecasts, dropping to 6.5 times those for 2008 - looks cheap. |
Posted at 08/1/2008 13:22 by crosswire Michael Page International "buy," target price reducedTuesday, January 08, 2008 4:46:47 AM ET Panmure Gordon & Co LONDON, January 8 (newratings.com) - Analysts at Panmure Gordon maintain their "buy" rating on Michael Page International Plc (MPI.ISE). The target price has been reduced from 450p to 390p. In a research note published this morning, the analysts mention that the company has posted about 38% like-for-like profit growth for 4Q, which indicates that the full year results would be at the bottom-end of the guidance range. Michael Page International has reported robust growth across the world, with only the UK Banking sector facing weakness during the quarter, the analysts say. The downward revision in the target price reflects a change in investor sentiment, Panmure Gordon adds. |
Posted at 27/11/2007 12:53 by maximoney1 It has been hammered already on the back of banking sentiment, which may be due a shortterm bounce...figures holding up so far...only 7% from banking sector....LONDON (Thomson Financial) - Recruitment firm Michael Page International PLC said it has not seen a significant slowdown in demand despite recent developments in the banking sector as it posted a 38.5 pct rise in third-quarter gross profit. Michael Page, which specialises in high-margin professional and permanent staffing said that demand continues to be strong. Chief executive Steve Ingham explained to reporters on a conference call that the financial sector, or banking, only accounts for about 7 pct of Michael Page and that out of this, most recruitment is for the back office, which hasn't been as impacted as recruitment for front office jobs. "During September we lost about ten fees...but placed about 4,000 people in different sectors around the world," said Ingham. He added that these ten jobs were either put on hold by banks or withdrawn. This development comes as some banks declared job cuts -- such as the Credit Suisse Group announcing 170 job losses in investment banking -- amid a slowdown in economic conditions and fears of a 'credit crunch'. "We would have liked to have those ten fees," Ingham said, but added that when Michael Page experiences a slowdown in one of the areas "our consultants simply concentrate on other areas". He explained that Michael Page's strategy of diversification, both geographically and within business sectors, makes the company independent from any one market and hence unaffected by a slowdown in that market. Michael Page today posted a 38.5 pct increase in third-quarter gross profit helped by continuing strong demand particularly in its largest market -- the UK -- and in the second-largest -- France. CEO Ingham also said he is very comfortable with the analyst consensus of 143 mln full-year pretax profit. Seymour Pierce analyst Kevin Lapwood said investors were anxious before today's results because of what has been happening in the UK staffing sector in the last two months and fears that recent credit market problems will have a severely adverse effect on recruitment levels. "We need not have worried," he said. Seymour Pierce upgraded its full-year pretax profit forecast to 150 mln stg from 146 mln and moved to a 'buy' rating. Michael Page reported third-quarter gross profit at 123.4 mln stg from 89.1 mln in 2006. The company said it continues with its strategy of diversification, becoming more broadly based both by geography and by discipline. He added that he was confident of ongoing prospects for Michael Page. Michael Page highlighted the 41 pct growth in France -- its largest business in the EMEA region representing 32 pct of the company's gross profit -- during the third quarter, helped by the increase in headcount. In the EMEA region, gross profit rose 59.7 pct to 48.4 mln stg, boosted by ongoing investment and the high potential of these markets. In Michael Page's largest market, the UK, gross profit rose to 49 mln stg, up 19.9 pct as the business continued to experience good levels of activity across all disciplines and regions in the UK. Asia-Pacific gross profit for the third quarter rose 27.8 pct, while the Americas rose 81.1 pct. The company also said it had increased its headcount by over 450, or 10.5 pct. Michael Page management showed faith in the business by repurchasing and cancelling 11.5 mln shares to date, at a cost of 59.7 mln stg. In the third quarter, the company repurchased and cancelled 3.2 mln shares at a cost of about 15 mln, at an average price of 476 pence. Michael Page shares closed Wednesday at 437 pence valuing the company 1.43 bln stg. The company will announce its fourth-quarter and full-year trading update on Jan 8. |
Posted at 30/5/2007 08:37 by veg man Can anyone explain what this selling of shares means to the ordinary investor.Thanks in advance. |
Posted at 25/2/2003 23:07 by m.t.glass The Times OnlineFebruary 26, 2003 By Nick Hasell Michael Page falls to low ahead of figures SHARES in Michael Page International yesterday fell to a record low as analysts suggested that today’s full-year figures are likely to trigger further profit downgrades for the white-collar recruitment consultancy. Michael Page did little to endear itself to investors two years ago by issuing a profit warning only a few months after its flotation at 175p a share. Since then, the group has had to contend with a protracted downturn in recruitment markets, in which even demand for permanent placements –– which account for 70 per cent of its gross profits –– has been severely dented. After a difficult last quarter to 2002 –– when the group cited a “softeningR Evolution Beeson Gregory was among those expressing caution yesterday, suggesting that further downward revisions to earnings forecasts are likely after today’s numbers. It notes that Michael Page is set to outperform when headline unemployment starts to recover, but believes –– with jobless figures in the UK and France, two of the company’s key markets, expected to worsen this year –– that it is still too early to call the turn in the present downward cycle. Credit Suisse First Boston, which floated the company, also expects post-results downgrades. The Swiss broker says that Michael Page is highly operationally geared, meaning that a 5 per cent fall in first-quarter operating profits, if sustained thoughout the year, would wipe 31 per cent off its 2003 pre-tax profit forecast unless the branch network were cut back. Michael Page closed 5p behind at 86p. |
Posted at 20/8/2002 23:59 by fastbuck In summary : Interim Results to June 02Revenue Down 17% on prior six months Profit Before Tax Down 26% on prior six months EPS 3.2p After announcing some poor results the only silver lining was a ray of light at the end of the tunnel that the recruitment market may not get any worse & that they are going to buy back £40m worth of shares. This last point has saved the share from a pounding in my opinion, but should it? The price of shares is influenced by supply & demand in the long term, in the short term manipulation of sorts plays a role whether short traders, influential investors or market makers. What determines the supply & demand eventually comes down to a company's fundamentals. With this in mind I have worked out what difference the buy back will make to the company and shareholder. I believe profits will come in £2m lower due to lost interest on the £20m in the bank and £20m from a bank overdraft. That would have made the PBT £16m rather than £18m and EPS would have actually been marginally worse after the buyback assuming no pick up in business coming in at 3.1p EPS rather than 3.2p In conclusion the buy back will only be good for shareholders in supporting the share price by providing a additional buyer for the shares, once this is over there will be no benefit to shareholders at all until earnings rise significantly and there is more earnings to share amoungst fewer shares. A reason to celebrate ... no, just concentrate on the business which is struggling, not the balance sheet engineering. A short IMO. |
Posted at 24/1/2002 09:03 by dave46 Also looks good to me.According to the telegraph, investors are moving from carphone warehouse to shroting this now. More can be found at the press round up section of Thanks Dave |
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