Staffline Share Discussion Threads

[gripfit] 19/2/2024 10:43

Company money propping up the share price … nice ,, keep it up

[casholaa] 19/2/2024 10:37

@tia it's on his youtube channel, I think that he forgot that he covered it last month -not his sort of stock. Now he's kicking himself. Took me a while to actually research staffline. Happy to sit and wait.

[edukelis] 19/2/2024 10:19

Fidelity still has 4.7m to offload, so they will destroy this rise again before we will go higher

[tia01] 19/2/2024 08:17

He also thinks 38p near term

[tia01] 18/2/2024 16:44

Cash
I disagree with that because it fell to 70p and pundits were advising people to run a mile because of debt and aviation lockdown etc. The war and reopening changed things but to be fair the debt is still there however sentiment has changed. The markets change like the weather.
As I said I personally feel it’s changed for Staffline. I feel the recession plays into Stafflines hands and also the Large Director buys have supported it. Not to forget the buy back. In truth figures are woeful but that won’t matter if the markets and smart investors are looking a few years out.
It could go either direction on any given news but the recent action suggests a more positive feel. I see 38p next target and then high 40s if it hold above 200 DMA.

[casholaa] 18/2/2024 16:01

RR is a popular share, even if it were worthless people buy it. No popularity here

[tia01] 18/2/2024 10:10

I personally see the simple moving average on the 200DMA as new support. That’s 28.6p however I also see Fridays breakout as strong. So hopefully it continues but either way 28.6p would be the figure I’d be worried about if it went below.
Remember Rolls Royce was like this with loads of turnover and thin margins and fell to 70p and now £3.20p. I hope have a similar recovery in another sector however it could be a bumpy road. The recession could help Staffline as more people will need training so hopefully they can improve margins

[gripfit] 17/2/2024 22:05

The trend is UP

[tia01] 17/2/2024 21:39

As you say anything possible but you do get the feeling whatever short term it’s definitely climbing longer term

[edukelis] 17/2/2024 20:38

cannot predict this stock, when you think it should go up it goes down, when you think it will go down it goes up it's like 95% chance this will touch 26p again next week

[tia01] 17/2/2024 09:36

The country has gone into a technical recession!.
What if it’s not technical and fundamental based on higher inflation, higher borrowing costs, higher goods and higher unemployment.
Then surely people will need to be retrained and Staffline are well placed

[edukelis] 16/2/2024 17:25

Certainly a good couple of weeks. Have sold a few at 33% profit.

[tia01] 16/2/2024 16:54

Cash
Is probably agree but all too often when we say that the market bites us.
Just think how many bailed in high numbers at 22p after results only to see a near 50% rise. It’s painful but these markets have a way of shocking us. Results should have caused a drastic sell off but clearly people feel the bottom is in and any sign of better margins or a few contracts and this could surprise to the upside.
Equally it’s had a good run so far and could fall. The thing is the spread is so tight and any sellers met with buyers so are we truly still undervalued.
The truth is fundamentals means nothing when FOMO and the trend swings.
Gattaca fell with us but went from lows of 30p! To £1.50 and I think now around £1.10p. So we could easily break to the upside if momentum kicks in Monday or an update.
Remember Henry Spain has been buying shed loads so who knows what!

[casholaa] 16/2/2024 16:33

If there wasn't the possibility of a takeover/sale/merger, I wouldn't touch this.

[tia01] 16/2/2024 16:21

Two years ago analysts were predicting £1.00 knowing margins were low and a down turn coming.
The biggest mistake was not raising more at 50p and and clearing the debt.
The good news is inflation falling slowly so hopefully debt can be refinanced cheaper so that will be a positive. I also feel the rsi shows a higher support level now but is also stretched short term.
However I’ve seen this many times and you could easily see a jump or fall but I suspect and hope it continues higher because the spread is decent so buyers will be encouraged.
A billion turnover but others like Gattaca have risen much better from lows so hopefully Stafline playing catch up

[casholaa] 16/2/2024 16:13

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-unwillingness and the current economic climate. If all things were the same as 2019 but we still had the massive dilution, I wouldn't discount 300-375p? The 2018 year they had circa 1.32% profit margin -which is woeful, and it all went downhill after that.

[tia01] 16/2/2024 15:45

Cash
So what do you think will happen to share price and what price would you call for a takeover.
Personally I see this slowly rising and the near term you must be thinking 40p within a month. Crazy projection maybe but since results it steadily rising and today suggests appetite returning.
The three year chart is what I’m looking at if this rise is for real and I’m thinking over 50p possible.
Then I’m probably hoping for that so biased

[casholaa] 16/2/2024 14:00

Yeah, at a guess, they'll either be looking to take it private with a view to selling it to some other company or they are waiting for HRNet to catch-up for a sale/takeover/reverse takeover. I can't imagine anything else. I think that had it not been for covid, one of my imagined senarios would have happened by now -Brexit hasn't helped either.


*I think that it's worth more with the lse listing, unless the buyer already has a listing on a recognized gold standard listing (UK, Ireland, US, Germany, France)

[casholaa] 16/2/2024 11:35

I'm just going to sit and wait and hope the HRNet finances get better.

[casholaa] 16/2/2024 11:29

@tia, you asked about takeover thresholds a while back. This is from the HRNet website re.holdings in staffline, dated 15 nov 23: (look at last paragraph too)

"Under the Disclosure Guidance and Transparency Rules, a Notification of Major Holdings is required if the percentage of a person’s voting rights in respect of his direct or indirect holding of shares or financial instruments

1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100%, as a result of acquisition or disposal of shares or financial instruments in an issuer; or

2) reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer whose shares or financial instruments are trading on a regulated market in the United Kingdom.

Based on the notification made, the Group is interested in 17.0% of the voting rights of Staffline. The Group had originally acquired this shareholding interest in Staffline as an investment in furtherance of its strategy to opportunistically enter new markets in the human resources space."

Anybody have any views on this?

[casholaa] 16/2/2024 11:22

I doubt its HRNet, they appear to be doing their own share buyback and I think that their financials are lowering too.

[gripfit] 16/2/2024 11:09

Thank the EBT purchases ,,, slightly false ??

[tia01] 16/2/2024 11:08

All looks rosy today

[edukelis] 16/2/2024 11:08

What is going on

[the imperialist] 16/2/2024 08:31

One more leg down to endure, but it looks like a brighter Q4 (assessment based on charts only).