Staffline Share Discussion Threads

[jbarlow78] 04/10/2019 15:54

An injection of positivity via RNS wouldnt go a miss!

[gripfit] 04/10/2019 13:15

mhm..... it is to hrnet ,,, well 30% of it is

[mhm2013] 04/10/2019 11:41

As it stands this business is worth nothing like £130m!! If they deliver close to £20m cash EBITDA in 5 months time it would be! Hence the hold

[jbarlow78] 04/10/2019 09:59

Embarrassing this is.

[gripfit] 04/10/2019 08:49

It’s theirs for less than £130 million

[gripfit] 04/10/2019 08:44

Someone tell HRNET then ,,, are they thick ??

[rafieh] 04/10/2019 08:09

This from Bloomberg today:June and July were among the busiest months for mergers and acquisitions targeting U.K.-listed companies since the Brexit vote in 2016, with 25 deals pending or completed during the two months, according to data compiled by Bloomberg."We're seeing a ramp up in M&A activity from non-U.K. companies investing in U.K. companies," McIntyre said. While a cheaper currency will help attract overseas investors, "you wouldn't buy a company just for that, you're buying it because you have a longer-term positive view of the U.K.," he said.

[jbarlow78] 04/10/2019 07:47

I own at average 111p - i dread to think what some of you own at.

[mhm2013] 04/10/2019 07:10

I would tend to agree with Gripfit - disappointed the way the RNS announcement was handled and no talk whatsoever of HRNET. I listened to Chris stumble on through his presentation and did not take a lot of confidence. The £20m OP will include a load of adjustments and that’s assuming they hit that target. The big one coming down the tracks is IR35 - I would love to know management views on this. I hold partly because I think the share price has bottomed out and won’t go lower and secondly because I now have a big loss to swallow so no real value in selling!

[jbarlow78] 04/10/2019 05:53

We need RNS, a good one..

[chinahere] 03/10/2019 22:27

Assuming that the UK economy doesn't collapse then I can't see why STAFF can't continue on. £1 billion revenue and a few percentage points of profit and the current share price looks too cheap to me.

Also HRNET have put up over £30 million in this and won't want to lose that. Even if the loan covenants become an issue again I personally think there should be a benign way out.

AIMHO

[gripfit] 03/10/2019 22:14

The fact that they were quiet at the AGM, and there has been no director purchases of late tells me something . I continue to hold , and am prepared to hold for a while

[gripfit] 03/10/2019 22:12

And if they fail to deliver ,,, boom

[gripfit] 03/10/2019 22:11

Dan, I honestly don’t think they will fulfill their ‘ obligations’ . They are shinning up a greased pole ,,,

[dansjhall] 03/10/2019 22:05

Not sure I agree gripfit. The share price is not just a reflection of trading psychology but of fundamental analysis. If they post profits of £20m EBIt with 2020 forecasts at or above that level then share price will rebase based on that delivery in range of 7-10 PE so in region of 140-200m capex. So £2-£3 per share. What you’re seeing now is a lack of confidence in 2019 delivery and poor underlying trading as per the update. With a view that HRNET takeover is now unlikely. All that priced in and the fear of future exceptional items and a breach of debt covenants weighing on sentiment and future fundamentals. I suppose what you are saying in your view is that trading will continue to be poor, FY earnings will be lower than £20m, debt covenants may be breached NY and HRNET is just a blocking stake/speculative holding?

[gripfit] 03/10/2019 21:02

The problem now lies with all the stock that has been sold at these low levels . The buyers desire to purchase is satisfied by the people whom have bought at these levels. Conclusion is ,,,,, this will not be £1.80 in the next 2 years , unless hrnet have a swoop

[gripfit] 03/10/2019 20:59

Wishful thinking

[jbarlow78] 03/10/2019 20:53

Steady rise tomorrow chap, I can feel it in my old bones! RNS too maybe.

[gripfit] 03/10/2019 20:27

Barlow,,, keep your hands in your pocket son

[jbarlow78] 03/10/2019 19:57

im buying more tomorrow. Just going with my own opinion on that this is only gonna rise steadily from here. I think once Brexit is done no matter which way it goes, this share price will pick up. The fear of the unknown is a killer! Oh and who knows could be bought out tomorrow :) Trying to stay positive here! Gulps

[gripfit] 03/10/2019 19:07

Or £1:80??

[gripfit] 03/10/2019 18:59

Could hit 75 p this ??

[jbarlow78] 03/10/2019 16:56

Not sure what he is complaining about it closed up. LOL