Staffline Share Discussion Threads

[dealy] 16/8/2020 20:12

They have suffered the same fate as all investors who have touched uk stocks over the last 2 years.

[dealy] 16/8/2020 16:26

HRNET have a results presentation on their website. Revenues only down 1% despite Covid. They show the 55m SGD investment in Staffline in the "use of IPO proceeds" slide. Staffline is basically about 3 times the size of HRNET in terms of revenue and own headcount, but the latter is highly profitable. Consolidating Staffline would be a no brainer

[gripfit] 16/8/2020 16:02

It’s 6 weeks since directors bought @ 40p +

[jimbarlow78] 16/8/2020 15:40

I never knew this. That would explain why we have had zilch even if government have plunged cash into this to help get people into work. That month has probably just about past, so lets see. Might also explain why we got no info from the AGM.

[mubz] 16/8/2020 14:54

Since the bod bought they can not release any share price sensitive news for a month or so from their buy. Otherwise it will be classed as insider trading

[bunlop] 16/8/2020 11:43

Price has been kept in a holding pattern to frustrate small shareholders into selling out. Management very quick to knock the share price back down on the recent spike when they had no real need as 50p is not an unreasonable price for this to trade at. Management happy to buy at around 40p recently. On bad market days this has not been smashed as it could have been. Volume most days very light. So all in all not really a functioning market with a few players able to pull the strings. Vaccine news when it comes (Oxford news could be in September most likely from the Brazil trails first) will also be a major boast here as all the economy can then open up again. Remember it is being manufactured in volume now and I would expect it to get speedy approval from regulators if it works. A few months is nothing in the life of a share or in the minds of institutions. Yes, we could also have a bid probably north of £1.

[john09] 16/8/2020 11:24

It’s a shame Henry Spain weren’t increasing . We need to work out their average price.


HRnet Group
20,642
29.9%

Henry Spain Investment Services
9,350
13.6%

Gresham House
8,072
11.7%

Legal and General Group
5,002
7.3%

[jimbarlow78] 16/8/2020 11:22

My negative view aside - there is gonna be big interest in this over the next few weeks with investors buying into the takeover. That alone could shoot this over 50p. Got my average down last week thankfully, covering the low ball takeover offer probability. 12 months or torture and I will likely break even. The board will get a lifetime supply of noodles as a bonus.

[gutterhead] 16/8/2020 11:10

Fundraising the risk here.
That aside, the II’s won’t accept 50p and the value to HR net is excellent.
My guess is that it’ll need to be 100p.
The deal is probably already done.
I’m still optimistic but my average is about 33p (thank God)
Good luck all.
Strap yourselves in, it’s going to be bumpy

[gripfit] 16/8/2020 10:39

£90 million .....

[gripfit] 16/8/2020 10:38

£1.50.....

[dealy] 16/8/2020 10:01

if they offer 35p then it will be clear that they want it and are just trying their luck. against that hedge funds and exist sgareholders could easily buy up shares taki the price to 50 or 60p forcing HRNET to offer more.

[dealy] 16/8/2020 09:56

As long as the press keep spinning the "jobs armageddon" message it will be hard to get investors interested.

[john09] 16/8/2020 09:52

Need to have a look at who will stop them. Check the institutional investors they are our only hope

[john09] 16/8/2020 09:51

Ill take 50p lol. They could offer 35p you know. Was and still is always the risk...

[gripfit] 16/8/2020 09:43

Wake me up when it starts turning blue , day after day ....

[97peter] 16/8/2020 09:18

It is true HRNet will wait until after 4 Sep 20, as before then they would have to bid 154p. However I don’t agree we will see such a lowball offer if 50p range around 10 Sep 20. Because I believe the other II’s and MM’s plus a few 3% holders will want 2.5 -3 times current sp, probably around anywhere between 85-105, this I believe will be accepted? There will be some speculative buying before 4 September , probably between 20-30 August, taking the price to around 31-39p if not 41p and then HRnet would be crazy not to offer 85p and take full control for around 40-45 million and have a company at a snip of its real worth, turnover, as Ireland’s Staffline arm, made 10 million profit in 2019, this company with proper direction and efficiencies can make 35-45 million on a billion turnover! GLA and DYOR.

[jimbarlow78] 16/8/2020 09:02

True enough. Maybe in the next couple of weeks we will see the buys start again as a takeover play.Im off out but will continue to read constructive criticism of my views as thats what im hoping for, to give me a different mindset. Thanks.

[dealy] 16/8/2020 08:49

I think the problem is not lack of communication, but instead a totally disfunctional stock market. Enough positive news has been released recently to generate investor confidence. Problem is a complete lack of buyers for small cap UK shares. Many similar companies (e.g. Capita with 3.5 billion revenue and only 550m market cap) are suffering from the same phenomenon

[dealy] 16/8/2020 08:42

Its a bit like saying "I won't pay 28p for shares that will be unfairly acquired soon at 50p"

[jimbarlow78] 16/8/2020 08:41

A company with a billion pound revenue... a few people at Staffline are close to getting a very big bonus if they keep this share suppressed until the low ball bid by HRNet.

[jimbarlow78] 16/8/2020 08:38

Its worth so much more than 50p. This share is so low cos of unknowns and they know that. Thats why there is unknowns and will be until Sept 4. Decent news will spike this and they know that too well. I feel sorry for those stuck with a 3 figure average cos you are about to get shafted. This should be 3 figures, but they will just suppress it accordingly until Sept 4. Can I ask something and plz be open - any of you think im reaching with this and completely wrong?

[dealy] 16/8/2020 08:12

In a "complete lack of interest" scenario HRnet could easily get away with a 50p offer for the 42m shares it doesn't already own. That would cost them just 25m quid including fees. YThey would then be able to consolidate the billion plus Staffline revenue into the HRNET global revenues making the company substantially bigger (4x bigger). The odd 5m shortfall in cash flow by Staffline (if at all) could easily be plugged by HRNET.We also saw last week that resolutions relating to share issuance were pulled (almost certainly because HRNET said they would vote that down). All factors combined lead .e to believe a takeover by HRNET at minimum 50p will be tabled in September