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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Staffline Group Plc | LSE:STAF | London | Ordinary Share | GB00B040L800 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.60 | 2.01% | 30.50 | 369,275 | 16:35:04 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 30.00 | 31.00 | 29.90 | 29.90 | 29.90 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Management Consulting Svcs | 938.2M | -11M | -0.0664 | -4.50 | 49.56M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:29:27 | O | 690 | 30.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 12/4/2024 | 17:00 | UK RNS | Staffline Group PLC Correction:Posting of Annual Report&Notice of AGM |
| 11/4/2024 | 17:10 | UK RNS | Staffline Group PLC Posting of Annual Report & Notice of AGM |
| 09/4/2024 | 10:07 | UK RNS | Staffline Group PLC Director/PDMR Shareholding |
| 04/4/2024 | 16:23 | UK RNS | Staffline Group PLC Holding(s) in Company |
| 22/3/2024 | 16:04 | UK RNS | Staffline Group PLC Holding(s) in Company |
| 22/3/2024 | 08:00 | UK RNS | Staffline Group PLC Holding(s) in Company |
| 21/3/2024 | 12:13 | UK RNS | Staffline Group PLC Holding(s) in Company |
| 19/3/2024 | 13:48 | ALNC |  EARNINGS: Harworth aims higher; Staffline and Eagle Eye swing to loss |
| 19/3/2024 | 07:00 | UK RNS | Staffline Group PLC 2023 Audited Results |
| 13/3/2024 | 07:00 | UK RNS | Staffline Group PLC Analyst & Investor Presentation |
Staffline (STAF) Share Charts1 Year Staffline Chart |
|
1 Month Staffline Chart |
Intraday Staffline Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2024 | 08:58 | Staffline group PLC - recapitalised | 3,811 |
| 22/3/2024 | 17:09 | Staffline Recruitment | 16,703 |
| 18/1/2024 | 13:31 | Staffline from 20p | 7,104 |
| 03/8/2023 | 23:51 | Staffline 2019 | 393 |
| 09/3/2021 | 18:26 | COME AND JOIN KOMMANDANT ANT FUCKOROBIC PARTY @ STAFF 100P | 78 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-24 15:29:28 | 30.40 | 690 | 209.76 | O |
| 2024-04-24 15:10:09 | 30.36 | 4,920 | 1,493.71 | O |
| 2024-04-24 13:04:16 | 30.00 | 100,000 | 30,000.00 | O |
| 2024-04-24 13:04:05 | 30.00 | 100,000 | 30,000.00 | O |
| 2024-04-24 13:03:35 | 30.00 | 100,000 | 30,000.00 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 by Staffline Daily Update Staffline Group Plc is listed in the Management Consulting Svcs sector of the London Stock Exchange with ticker STAF. The last closing price for Staffline was 29.90p.Staffline currently has 165,768,000 shares in issue. The market capitalisation of Staffline is £49,564,632. Staffline has a price to earnings ratio (PE ratio) of -4.50. This morning STAF shares opened at 29.90p |
Posted at 22/3/2024 14:09 by davebowler Zeus-Robust results Staffline’s FY23 results present a resilient trading performance throughout tough market conditions. FY23 Adj. EBIT of £10.3m is 2.0% ahead of the £10.1m we forecast and, impressively, is broadly in line with our original £10.4m estimate set over a year ago in January 2023, testament to the Group’s resilient model and strong cost control. The Temp recruitment business has renewed key contracts and gained market share, and, whilst Perm activity has been softer YOY, Staffline has outperformed the wider UK market. Continued trading resilience and strong cash generation reaffirms our view that Staffline’s shares are deeply undervalued. FY23 results: Staffline’s FY23 results were well flagged in a trading update earlier in the year. Group revenue from continuing operations increased 1.1% to £938.2m, with Group gross profit 1.5% lower at £80.8m, driven by a change in mix as the Temp business took market share but there was weaker demand for the higher-margin Perm business. Group underlying EBIT declined 14.2% from £12.0m to £10.3m and conversion from GP to OP fell 1.9pp to 12.7%. However, these figures are broadly in line with our estimates set at the start of FY23 (EBIT: £10.4m), which we view as a robust performance considering prevailing market conditions and the poor performance of larger peers (see below). The reported figures include one-off costs for the closure of the in-person skills training business of PeoplePlus, including an £8.9m noncash goodwill impairment. A highlight of results was the strong net cash position of £3.8m (ex. IFRS 16 leases), which was £7.3m ahead of estimates prior to the trading update in January, despite £5m spent on share buybacks in FY23. The balance sheet strength facilitated a renegotiation its banking facilities on improved terms, expected to lower borrowing costs. Labour market: The latest UK labour market data showed very slight signs of softening in measures such as the number of job vacancies and wage growth, but continued tightness through measures such as a low unemployment rate (3.9%). Although, by the ONS’s own admission, Labour Force Survey estimates should be treated with caution due to small sample sizes. We continue to think that there remains underlying strength in the labour market by historic standards and this indicates the potential for a sharp recovery for UK recruiters once confidence improves and labour market activity accelerates. In our view, Staffline is well placed to benefit from this recovery. Staffline outperforms larger UK peers: Staffline’s results compare favourably versus the UK reporting segments of its large cap recruitment peers. Robert Walters’ FY23 results showed an 18% decrease in UK NFI (16% of the Group) and a -0.7% conversion rate from NFI to EBIT. PageGroup reported UK NFI down 16.4% in FY23 (12% of the Group) and a -2.2% conversion rate. This supports our long-held view that Staffline has a resilient, diversified business model that can outperform through downturns. Forecasts: Encouragingly, Staffline has had a good start to FY24, with Temp recruitment hours up 5.5% in the first ten weeks and the pipeline for Perm at record levels in Ireland due to recent contract wins such as with the RoI’s Garda. Having adjusted forecasts for FY24 and FY25 earlier in the year (see 24 January research), we leave trading estimates unchanged today. EBIT in FY24 is expected be lower than FY23 due to several profitable PeoplePlus contracts that have now finished. However, there is a large (c. £310m) outstanding bid pipeline for PeoplePlus, which could have a positive impact on FY25 and future years if successful. FY26 estimates are introduced showing a sequential recovery in each division. Valuation: Trading on 4.7x FY24 EV/EBIT, Staffline continues to be at a steep discount (46%) to the average of its UK recruitment, UK outsourcing, and international temporary staffing peers (8.8x average). With Staffline’s resilient, diversified business model and longstanding blue-chip client base, we think this discount is unjustified. The £5m spent on share buybacks during FY23 demonstrates the Group’s cash generative nature. We remain comfortable with our DCF valuation estimate of 52.5p per share, representing 94% upside to last night’s closing price. |
Posted at 19/3/2024 08:11 by gripfit Take it private … put us out of our misery … or keep propping the share price up with share purchases … |
Posted at 19/3/2024 08:09 by tia01 The only hope is the share price is low it ends up otherwise they may as well shut the doors.1 billion and 10m profit! I guess bonuses are in the up for the board |
Posted at 18/3/2024 12:29 by qsmeily456 10% premium to the prevailing share price previous 2 month period.Give the CEO and FD a hard time on the call at 9am tomorrow 👍🫨 |
Posted at 05/3/2024 13:01 by edukelis as expected company stopped share purchases and share price trembling down... only they can manipulate the share price movement now... seems like they done buying. Let's hope for a miracle on 19.03 results day,.,.,. |
Posted at 16/2/2024 16:13 by casholaa No idea at all. I was going to exit at 30p, but I'm going to employ a wait-and-see approach. I can only find one analyst target price of 52p. Yahoo indicates book value at 42p. I'd be hoping/looking for a 100p mark in the current economic climate. I do find it curious that there was no indication in the video presentation that they were not looking to increase margins and expect things to remain the same until the end of the year.... a sort of irrational paranoia creeps into my mind to suggest to me that the share price will remain low for them that want to buy. The share price is possibly so low due to some sort of margin-increase-unwi |
Posted at 27/1/2024 15:54 by tia01 In lockdown a taxi driver increased prices by some 50% claiming fuel has gone up!Since then fuel has dropped some 25% or more from highs. The Taxi driver has kept his prices up! Great margins now!. In lockdown Staffline continued supplying essential workers but forgot to increase Margins whilst they had the opportunity. Try doing it now apparently is problematic. Why! Everything has gone up. So to does your margins need to in order to survive. One billion revenue is not a chicken feed. It’s serious money. The strange thing is I suspect bonuses has gone up. The share price near lows. Management pumping the same lines. Who’s the mugs that invested at twice today’s price in an oversubscribed fund raise. You got it. Us. Sorry the need for new blood has arrived and sometimes more is less! Yes less revenue but more profit. Simple formula if your creaming shareholders to gain big bonuses |
Posted at 27/1/2024 13:04 by casholaa 60p to 52p is circa 13% difference. 42p minus 13% is about 37p. But book price is not a target price but should at least be the least where the share price should be at imho. Should they continue the buyback, these values should in theory increase, subject to the latest performance which we likely won't know about for a further year. So in my mind, 37p should be baseline, with 52p target price as the starting point unless they start losing money. |
Posted at 22/1/2024 12:34 by edukelis Grant of Options under Long-Term Incentive PlanJuly 2021 - 1,678,279 issued to 5 directors share price at the time was 60p May 2022 - 2,899,725 shares issued to 5 directors, share price at the time was 50p if that's not enough February 2023 - 4,709,040 shares issued to 5 directors for long term Incentive plan, share price at the time was 38p So as you can see, they were keep issuing themself bonuses for long term incentive plan if they achieve 50% of the Options awarded are subject to achieving earnings per share hurdles and 50% are subject to achieving EBITDA hurdles Since 2021 share price have tripled down, and as the price goes down they keep issuing more shares to themselves... How many shares they will issue to themselves this year as the share price is 25p, 6-7m more? |
Posted at 09/12/2023 11:50 by edukelis 23rd January we will find out which way this will go... They done buybacks as share price was twice as low as capital raise price so in the long term I think this will play out good, just will need some time to recover... Next year interest rates should start falling, so this 🐶 should start climbing up IMO as high interest rates holding companies from hiring. Results should be 5-7% lower due current market conditions, but that's why the share price is in the current state as investors have already priced this in as it's an obvious thing. For me it's only a good opportunity "the time to buy is when there's blood in the streets" and that's what we're seeing here right now and that's what Henry is doing too. |
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