Staffline Share Discussion Threads

[casholaa] 02/2/2024 17:55

Yeah. I was looking at the volume and the share price movement. The share price would rise not only on an exchange of shares but also without any being exchanged. I assume that for today, there weren't any lowball sellers?

[edukelis] 02/2/2024 16:41

So much action on so low volumes.

[triskelion] 31/1/2024 11:44

That's weird because SharePad is currently showing in Major shareholders and Directors' dealings (transcribed by me as it's an image):

TM Spain 24.1923%
Spain IS 24.1923%
HRnet 17.0029%
Schroders 12.7515%
Gresham House 11.4042%
StanLife 8.3624%
Lombard 5.3379%
HLAM 4.7469%
II 4.2804%
and then the directors who are mostly way under half a per cent each.
They could easily vote to de-list.

PS: e.g. if you listen to SP's Twin Petes podcast (though I personally find a bit cringe with too much wool-gathering, and I mostly fast forward) you may find a subscription offer advertised; try skimming through, it's on Youtube and the usual pod places. I just subscribe to the basic share price offering and have no other interest. There may be better / more suitable deals with others out there.

[casholaa] 30/1/2024 19:59

Henry Spain Investment Services 36,093m 24.2%

Tom Spain 1,300,000 shares

HRnetGroup Limited 25,367m 17.0%

Albert Ellis 645,291m shares

Daniel Quint 484,914 shares

Catherine Lynch 10,000 shares

Amanda Aldridge 80,000 shares

................................................
Funds

Schroder Investment Management 19,024m 12.8%

Gresham House Asset Management 17,014m 11.4%

Aberdeen Standard Investments 10,647m 7.1%

................................................

[casholaa] 30/1/2024 19:41

p.s. - hargreaves, ii & ajb, hdsl I think is halifax share dealing ltd?? are likely us retail investors.

[triskelion] 30/1/2024 17:17

I can't see how to get the number on ADVFN but on SharePad regarding how much of the issued share capital is in non-institutional hands, the pie chart for Major shareholders and Directors' dealings, looked at like a clockface, doesn't even start on non-institutional holders' sliver till about 11:57pm. Another reason to question why it remains quoted on AIM with all the expenses - the institutional majority could vote to "delist" it at any time (75% required?). So remaining quoted presumably counts for at least the one reason conjectured, hence a bidder if itself unquoted would presumably need to be a subsidiary of a quoted entity if the same factor prevails: viz, govt, hirers etc want to deal with a listed entity or sub. ...?

[casholaa] 30/1/2024 14:22

Well, if there's no takeover coming, I don't have the patience for it.

[gripfit] 30/1/2024 14:11

Good job I didn’t ditch last week

[casholaa] 29/1/2024 14:39

There's no incentive to buy if the company isn't looking to maximise operating profit.

[gripfit] 29/1/2024 14:37

It’s a retail stock with not many retail buyers

[casholaa] 29/1/2024 13:51

I'm guessing that schroeders is a fund so, as the share price rises, I think they'll start reducing unaware as to the possibilities.

From the rns "3,361,865 ordinary shares, representing 2.25 per cent of the Company's total voting rights, are held in the EBT"

[gripfit] 29/1/2024 13:29

They have plenty of cash for everything except DIVIDENDS

[gripfit] 29/1/2024 08:52

They laughing all the way to the bank ..

[casholaa] 29/1/2024 08:47

I suppose much depends upon how other large holders will react. If the buybacks are with a view to taking the company private or taking it private with a view to selling it on or in preparation just in case there is a takeover in the future, lots and lots of shares would not be surprising.

[the imperialist] 27/1/2024 20:47

…of which there is an endless supply landing at Dover each day.

[casholaa] 27/1/2024 18:59

Well, Duke kindly pointed out that some of the margins are down to long-standing pre-existing agreements.

The business appears to rely on high-volume cheap labour.

[tia01] 27/1/2024 15:54

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

[casholaa] 27/1/2024 15:37

Well they've got FA where 'turnaround' is mentioned on two profiles.

As we know, the share price effectively crashed in 2019 and then covid came along and it all got worse. Long term borrowing in the last 4-5 years, which was likely to be cheaper, had been decreasing but short-term borrowing had increased. The recent update states "The Group's banking facilities, renegotiated during Q4, reflect the strengthened balance sheet and solid trading results, and will result in reduced borrowing costs, effective from January 2024."

[edukelis] 27/1/2024 14:15

yeah they have many long term customers with very low margins they have agreed years go, surely they can do something to renegotiate them accordingly to the current market not sure what they're waiting for. In May it will be 3 years since capital raise and no much improvement, need to change the board who actually can turn this thing around.

[casholaa] 27/1/2024 13:08

If only they would at least try to pull in an extra 1-2p per hour on each temp!!

[casholaa] 27/1/2024 13:04

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.

[edukelis] 27/1/2024 11:52

after the recent update Stockopedia reduced the target from 60 to 52p

[casholaa] 27/1/2024 09:45

I hate using the advfn app as I have fat fingers, need to squint and cannot edit errors in my gibberish. Yahoo Finance currently has these as book value 42p so price to book is 0.56. So, in theory, should be sat at around 42p. However, the 42p book value was the same before the recent update so no idea whether the 42p is accurate. Next news is 19 March I think.