Pagegroup Share Discussion Threads

[disc0dave45] 10/1/2023 17:03

RWA only down 3.3% on their trading update, record profit but slightly below expectations. Read across here and elsewhere appears a tad overdone!.

[essentialinvestor] 07/12/2022 13:15

Well worth consideration if markets take another tumble as invariably bounces back.

[disc0dave45] 07/12/2022 13:05

No problem.Reduced to underperform but at a raised target price - doesnt quite make sense IMO.

[disc0dave45] 07/12/2022 10:38

Jefferies cuts PageGroup to 'underperform' (hold) - price target 400 (360) penceThey raised Hays target price and retained buy rating!

[gswredland] 07/12/2022 08:37

Why the sudden drop?

[disc0dave45] 16/10/2022 17:01

Nice rise Friday, let's hope it doesn't give it back tomorrow.

[disc0dave45] 12/10/2022 13:57

SpamFiltered

[kalai1] 12/10/2022 12:21

PageGroup issued a Q3 trading update reporting continued strong performance. Group gross profit was up 14% to £270.5m, September was the third month with gross profit in excess of £100m. Performance was solid in all regions except Asia Pacific where there was a slight dip in performance. There was an increase in fee earner headcount of 337 to 7,071. The balance sheet remains strong with net cash at £ £186m at 30 September 2022. Full year operating profit is expected to be in line with company compiled consensus of £204m which would be up about 21% on FY21. Valuation is also attractive with forward PE ratio at 8.9x, PS ratio at 0.66x. 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. Other than that, PAGE is a solid, very profitable and increasingly attractively valued recruitment consultancy with decent growth potential. Dividend yield of 5.6% is also pretty generous. It may still be a little early to be buying given macro headwinds, but certainly worth monitoring for now and will be well worth owning at some point in the next year or so....

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/PAGE/577

[disc0dave45] 12/10/2022 09:18

Excellent numbers, given the market an in line should be regarded as a beat!

[disc0dave45] 11/10/2022 20:30

Robert Walters issued really decent Q3 numbers today (profit +22%, net fee income +18% but UK was down, full year outlook in line).Guess it will be a similar story here.

[disc0dave45] 07/10/2022 19:43

EIGood luck.Peer comparator, Sthree's recent Q3 update:"The Board now expects that profit before tax for the 12 months to 30 November 2022 will be at least 7% ahead of market consensus"Key figure was net fee income was up 19%.

[essentialinvestor] 29/9/2022 09:42

Bought a few.

[disc0dave45] 24/9/2022 13:22

Page should benefit from yesterdays announcement on the repeal of IR35 with regards to off payroll contracts.

[disc0dave45] 20/9/2022 15:51

Decent results from Sthree today.

[disc0dave45] 17/9/2022 18:53

Big week next week with Fed and BoE rate increases. Fingers crossed it's +0.75% and +0.5% respectively.

[essentialinvestor] 16/9/2022 12:48

Dave, the FedEx warning looks a tad ominous, completely different sector but
usually a good early read on overall economic activity.

[disc0dave45] 16/9/2022 12:23

Thanks Pete.Enjoy your podcasts :)

[disc0dave45] 14/9/2022 14:59

Bought first tranche here. Looks like despite positive UK inflation data this morning, the market is as ever dominated by our cousins across the pond.....they must be loving all these cheap UK stocks.

[essentialinvestor] 02/9/2022 11:56

I've also got Robert Walters on a watch list, but would not buy at current levels.

Like Hays but strongly disagree with their buy back, might have a small amount
if a lower price is available.

[essentialinvestor] 02/9/2022 11:45

Added 3,000.

[essentialinvestor] 01/9/2022 16:17

Dave, bought a small amount, not a recommendation!.

[gswredland] 01/9/2022 15:13

Thanks disco