Staffline Share Discussion Threads

[gripfit] 19/9/2019 09:04

There will come a point when it will become irresistible for HRNET ,,, it’s a steal

[gbh2] 19/9/2019 09:00

Luck's what you make of your chances, imo those that just let things happen deserve what they Miss!

[rr4528] 19/9/2019 08:57

I think we are all sat on what we have for one reason - them Singaporeans. I have no doubt in my mind if I sell today, they will buy STAF @ 150000 per share tomorrow. Thats my luck and life right there.

[gbh2] 19/9/2019 08:53

I last sold out in August @ £1.5000/share but then stared buying as I was taking profits elsewhere, I'm up on my total involvement with STAF which commenced 2016 and IF the current holding looked stuck I'd dump it and reassess whether it's been a good play or bad.

[mhm2013] 19/9/2019 08:45

Did you buy back in?

[rr4528] 19/9/2019 08:45

Was hoping for 300 for them. LOL @ that fantasy. Still gonna hold until that day in many many moons time. But itll be bought out by then no doubt at peanuts.

[gbh2] 19/9/2019 08:37

LOL, I sold those I got for a quid months ago, this (for me) has never been anything but a short term punt.

[mhm2013] 19/9/2019 08:21

If you are in at 100p then this is pure upside for you.

I think most people expected poor results, but that set of financials were terrible.

[rr4528] 19/9/2019 08:17

I was told to buy these when they were 100p a few months back and they will be more than doubled in a year. Hmmmm. Nothing here but negativity. Just glad I bought at no higher! Need some positive news, somehow.

[gbh2] 19/9/2019 07:41

As I mentioned some time ago, a Bid is not a Given, a place on the Board and Due Diligence was their first target.

[1newroad] 18/9/2019 23:46

I had a nice chat today with the Group finance director of one of the ftse 100 bigger companies where i asked him if it was normal for another company to buy just under 30% to have an association with the said company especially after paying a premium for the shares.
He told me it was not a common thing to do. What they will likely want is a position on the board (which is what they have done) so that they can have access to info they would not be able to get otherwise. They will then decide whether they want to bid or not for the whole company. By taking their time and getting one of theirs on the board they are doing their due diligence. He suggested it looked likely a bid would come after paying a premium but also said that if they decided not to bid it was cheaper for them to write this off than to have bid all out for Staffline.

So, basically HRnetgroup are obviously interested in buying Staffline, shown by paying a premium and having a board member. But whether they bid ot not, no one really knows.
All we know is they are interested, have paid a premium for they 30% holding, Staf share price is very low and the exchange rate is in their favour. But there is no guarantee they will bid.

They have also stopped others from bidding by holding 30% (just under).

[dealy] 18/9/2019 22:57

Turnover at normalised margin is not meaningless. Look at Addecco or ISS. Well managed low margin businesses are cash cows. And they have value to acquirors who seek better scale economy

[gripfit] 18/9/2019 22:45

If they pay £1:80 ,, then they will have averaged out a lot less ,,,, like about £80 mill!!

[mhm2013] 18/9/2019 22:18

Agreed...I don’t think anyone would mind being taken out at 180p now that’s for sure.

Has anyone read the broker note from Liberum?

[gripfit] 18/9/2019 22:04

Need to get the efficiencies from the Singaporeans ,, who are probably not milking the job with big wages ,,,
HRNET should buy the other 70% ,, and really show this Bod how the jobs done

[mhm2013] 18/9/2019 21:58

Turnover is almost irrelevant in a temp focussed agency - it’s effectively pass through revenue to pay the contractors.

I think management have a lot to do to convince shareholders they are competent.

I will hold the stock but am nervous they could miss Y/E numbers by some margin in truth! I didn’t hear many positives from the interims - sounded to me like usual sales patter around differentiation, efficiency, technology etc.

[cocker] 18/9/2019 20:49

Agree Dealy. AIM is a funny place as once established and making a few bucks on a decent T/O, companies are all to often regarded as over valued. Yet some who barely T/O 1/2 a million, peeps regard them as 10 million plus beauties worth every penny. Yes, Staffline has had a difficult year but one must ask themselves is 120p fair value or not.

[dealy] 18/9/2019 20:40

if this company has no future than 70% of the UK economy has no future. This is what business is like. Build a customer base, develop efficient operations and systems, gain economies of scale, develop new services and expand. This company is doing this and therefore has a value

[mhm2013] 18/9/2019 20:32

I like the optimism

[gripfit] 18/9/2019 20:31

rollocks,,,, they are delusional

[dealy] 18/9/2019 20:03

they will make 20m this year. from next year onwards they should be making 35 to 40m per year

[mhm2013] 18/9/2019 18:51

It’s a big price for a company making nothing! I personally can’t see them moving in next 2 months

[dealy] 18/9/2019 17:26

I agree. Also the numbers involved here are so small. £120m to secure the company at 180p. You could spend that just on fees to acquire a company

[rr4528] 18/9/2019 17:06

I find it insane to sell at this price when a potential 180 takeover bid literally could happen this week!

[onjohn] 18/9/2019 16:10

Im happy to take singaporians notes for my shares