Staffline Share Discussion Threads

[rivaldo] 06/7/2016 07:19

Tipped as a Buy in this morning's Tempus column in the Times:



"Staffline

The performance of headhunters’ shares had been woeful even before the referendum because the uncertainty was seen as putting off employers from hiring. They have fallen sharply since.

Dragged down with them has been Staffline, though it isn’t really like the others. It places temporary workers in areas such as food manufacturing or driving heavy goods vehicles. Much of the business is based on getting the long-term unemployed back into the workplace via the government’s Work Programme. Clearly, if those food factory workers or HGV drivers are from eastern Europe, the supply will dry up a couple of years hence. This, though, would increase the attraction of indigenous workers, especially those unemployed. Demand from those employers is not going to dry up.

Staffline’s trading update indicates all is proceeding as it was and the company has high visibility of its workload. The shares, off 25p at 775p, have come back from £14 this year. They sell on seven times’ earnings. Again, this looks like a good entry point for those sanguine enough about the next couple of years.

MY ADVICE Buy

WHY Staffline looks solid enough whatever happens"

[pippin6] 05/7/2016 13:08

Crazy reaction, this market sucks !!

[aishah] 05/7/2016 07:37

Yes, all on track and no impact from Brexit. Will try to add at the open.

[rivaldo] 05/7/2016 07:14

Excellent H1 trading update today - in line with 117.1p EPS forecasts, positive outlook going forward and continuing growth post-Brexit.

Given STAF's core areas of expertise this is an extremely resilient and well-run business, and should recover nicely from here imho:

[paleje] 04/7/2016 11:38

If we go into recession employers won't be screaming for staff but that aside, where to STAF get their people from? It's only some from the unemployed ranks, many are EU citizens and their future here in the UK is uncertain thanks to Farage and his lot. I hope a non-brexiteer takes up the reins of government and restores some sanity.

[pippin6] 04/7/2016 11:13

Ridiculous fall and glad to have got 1000 shares at 7.5375 early doors.

[hutch_pod] 04/7/2016 11:08

Thanks Rivaldo - wonder if that's what Staffline said, or Finncap? or both? :)

[aishah] 04/7/2016 11:06

I doubled up at the open. See good long term value here. dyor

[abarclay] 28/6/2016 22:14

Half of the busness is from putting jobless people into employment via Work Programme Contracts.
In a recession unemployment will rise and will send that side of the buisness surging imho

[ricky46] 28/6/2016 22:00

This is a bargain price, looking at £37 million profit for 2016 if I'm correct.
£220 million market cap, thats a low PE for a high growth stock, reckon these will still be booming for a few years yet.

[ricky46] 27/6/2016 15:31

this is ridiculous price

[davebowler] 24/6/2016 13:16

Finncap;
Staffline’s share price has already been hit hard by fears that the pool of blue collar temporary labour it manages in the UK will become scarcer or more expensive. The benefit to customers of Staffline’s service, however, is the flexibility of temporary labour not the hourly cost. With uncertainty now at the fore, demand for temporary labour could strengthen further making Staffline a very interesting investment against a low valuation.

[rubberbullets] 24/6/2016 13:13

Slater buyig

[andrewbaker] 24/6/2016 13:07

A share to hold that won't suffer through Brexit, IMHO.

[rubberbullets] 23/6/2016 13:56

£15 seen here

[luckymouse] 23/6/2016 12:27

No surprise - it was well over sold on sector sentiment - ie projects on hold - that will release now

[dlku] 23/6/2016 11:51

going up like a whatsit