Staffline Share Discussion Threads

[supercity] 05/9/2019 11:37

When sports direct took their GMD holding to just below 30% it was several weeks before they went above and made a mandatory offer of 30p and in the meantime it drifted to 25-26p.You wouldn't get 15-20% from a bank in a few months but you did there and no doubt will here aswell.

[zccax77] 05/9/2019 09:36

shhh, keep quiet and keep on buying.

[rr4528] 05/9/2019 09:26

The share price is baffling me. Some are still selling at 155! Why in gods name would anyone throw money away like that!

[gripfit] 05/9/2019 09:05

and they still have a chunk in their portfolio... it would make more sense for hrnet to buy Staff than just take a place on the board,,,,

[cocker] 05/9/2019 08:44

Gripfit, absolutely. Totally over subscribed and if Aberdeen took part, than yesterday's sell gave them a nice earner for a short term investment alone.

[gbh2] 05/9/2019 08:35

G'morning Gripfit,

123's comments triggered memories of what happened to SUN, a company with a holding of nigh on 30% can request a position on the Board of STAF and (as with SUN) make a move to control it from within.

I hope not, because I lost enough with SUN, I'd like a decent profit here.

Time will tell :)

[gripfit] 05/9/2019 08:24

However ,,, it’s been re capitaluzed , and over subscribed at that , and the shares are priced in for most possible dire scenarios

[gbh2] 05/9/2019 08:19

Though I'm holding here I've not put too much cash into it because it appears all is not as it should be with the existing Board and the way the company has been operating.

Added to that there's the change in demand for Temps that's likely to be reduced due to companies starting to Train their own staff again.

Finally this is a AIM stock and strange things can happen with AIM companies as I found out some years ago with SUN.

[gripfit] 05/9/2019 07:43

They could have stopped at 10%, or 20%

[123gmtrader] 05/9/2019 03:09

There certainly never is a guarantee that HR will buy STAF but it does look like they will. Where Im sure they would like positive results I do not believe it is over important to them as they would likely be changing the way the company is run if they bought it. They are more interested in getting a foot hold in the UK.
HR are well known for buying out other companies and it is documented they want to expand outside of Asia. They have the cash to do it and tbh, there will not be a better time to do it than now with the depressed share price and the value of the pound. Buying the last stake was imo, the prelude to the takeover which should come pretty quick now. But who really knows, maybe they just wanted to pay a premium to be an associate of STAF.

[gripfit] 04/9/2019 22:38

Results a week on Tuesday ,,, next weeks share price performance may be an indicator of where we are heading

[the oak tree] 04/9/2019 21:56

Just be aware that while we may all want a bid, there is no evidence to say HRnet will do so. Sure they have increased their stake to the max but many companies do that and not make a full bid. Why, because it suits them.

So this idea that they are bound to / only a matter of time etc is just from investors that see the £££;£ signs of profit rather than anything truly based on evidence.

The only thing thats changed is the exchange rate and there is bound to be foreign companies eye up UK acquisitions or stakes.

So the correct mindset as investors is to know we currently hold an undervalued asset that "may" get a bid but if not should be revalued given future results.

IMHO

[scubadiverr] 04/9/2019 21:17

aha. Thanks. Umm...To add or not to add?!?

[metis20] 04/9/2019 20:52

scubadiverr -

[scubadiverr] 04/9/2019 20:30

Supercity - where have you got the data that 41m of the 69m shares were traded at c. £1?

[metis20] 04/9/2019 19:55

Holdings RNS -



Aggregate of Standard Life Aberdeen plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios down from 6.76% to 3.73%.

Presumably they have stopped selling for the time being - otherwise why issue the holdings RNS...

[gripfit] 04/9/2019 19:50

make no bones about it.. hrnet ARE HAVING THIS... but at £1.80 ?? forget it

[gripfit] 04/9/2019 19:48

also worth noting ,,,,,, the directors were buying at over 10 quid in the last 18 months

[supercity] 04/9/2019 19:37

Also worth remembering that nearly 41m of the 68m shares in issue were bought for 100p 2-3 months ago.180p is a very good return for those holders.

[supercity] 04/9/2019 19:23

Correct - and why spend twenty million in six weeks prior to results and going from zero shares to nearly thirty percent knowing you will have to pay the highest level you have paid if you were worried about the results.

[metis20] 04/9/2019 19:16

Rule 9 requires a mandatory offer to be made in cash (or be accompanied by a cash alternative) and at the highest price paid by the bidder or any concert party for any interest in shares of the relevant class during the 12 months prior to the announcement of the offer.

So a mandatory bid by HRnet must be at a minimum of 180p.

[gripfit] 04/9/2019 19:05

I was referring to the highest priced paid for any shares

[dansjhall] 04/9/2019 18:58

A very good point supercity. On the other hand if the results are a car crash then they don’t have to make a £1.80 bid and get stuck with bidding for a company with problems? Maybe they will pick up the final bit on results morning at the cheapest price to limit the mandatory bid price taking a view that a bid at a level to get institutional investors en mass to sell would need to be above £1.80 anyway. A difficult decision for them. Definitely a bid on the cards IMO. Why position yourself like this ahead of the results. And if it’s just a holding hen why add a detailed summary in their most recent trading report?

[chinahere] 04/9/2019 18:13

Yes, good point supercity.

Perhaps HRnet are keeping it under 30% because they don't want a takeover, just a significant investment?