Staffline Share Discussion Threads

[john09] 11/11/2020 12:49

Also lucky to dive into CINE and HSW on the vaccine news. I’m not Sure the CINE move up is over

This vaccine news is huge I really expect the momentum to gather

It is truly what everyone’s been waiting for

[john09] 11/11/2020 12:49

Also lucky to dive into CINE and HSW on the vaccine news. I’m not Sure the CINE move up is over

This vaccine news is huge I really expect the momentum to gather

It is truly what everyone’s been waiting for

[john09] 11/11/2020 12:47

I’ve had a good few days generally across a dozen or so stocks

Clothes retailers I was quite heavy in TED, SDRY, JOUL maybe £400k and it all went ballistic

Looks like that good run is about to have over the baton to oil stocks. Tullow looks good for 26p today

Clothes retailers pausing I think before continuing

XLM and RCH have gone well

The AA up a few pence still waiting for “the news” on that one

Staf is a sleeper but a keeper

[john09] 11/11/2020 12:44

Problem is I think the shares are so tightly held there’s no market lol

[kirk 6] 11/11/2020 12:43

How much longer have we got the shares to deal with. We must be running on fumes now before we do 100 or 200% upside

[gutterhead] 11/11/2020 12:40

And after the blue sky is the stratosphere.....we’re going to punch a hole in that shortly so make sure you strap in securely....with a clothes peg

[john09] 11/11/2020 12:39

Need a certain tip sheet to give this a mention. They last covered it just over a year ago

New management, the 12 month HR NEt expiration and the vaccine news means this would warrant a look once more imho

[john09] 11/11/2020 12:36

About 10% of my portfolio 🤷‍a94;️

Down side appears marginal. Upside is blue sky.

[busthief2] 11/11/2020 12:35

Thats alot of eggs in a dodgy basket !

[john09] 11/11/2020 12:31

I think I own 1.2% of staffline

[gripfit] 11/11/2020 12:31

Go on Staffline web site pal

[qsmeily456] 11/11/2020 12:29

I haven't. Have you a link?

In my experience presentations set out optimistic aspirations not achievable reality.

[gripfit] 11/11/2020 12:16

Have u watched the presentation Smelly?? They are going to be choosy with the contracts

[qsmeily456] 11/11/2020 11:59

Less businesses less workers and historical bills to pay VAT....

Brexit

Uk debt

Ok mkt cap low but business is in a mess.

60p FV

[dealy] 11/11/2020 11:55

The hourly rate for temp workers will then increase as demand outstrips supply. All good for Staffline

[raggedsoldier] 11/11/2020 11:19

I would say that Brexit will impact the number of overseas casual workers available to all the blue collar recruitment businesses - they have become a finite resource to be cherished. Staffline doesn't have much business (other than Ireland) outside of the UK and so isn't as well diversified as others and so might struggle more. They have put in a lot of processes to help listen to their workers to try to improve staff retention which should help but who knows how many have stayed in the UK during 2020. I think that the right people have exited Staffline and there are safe hands in place now. I think it was very over-valued before and is now undervalued. Hopefully we'll get a correction soon, but I can see why large investors might want to wait to see what happens with Brexit. Christmas is their busiest time but other than more delivery drivers (good margins on these relatively skilled workers) I don't see it being massively better than usual.

[farukequity] 11/11/2020 11:08

Re lockdowns etc. Depends what your time perspective is.My view is 2021 is going to be a very good year for UK Plc. Come spring covid should be under control and brexit resolved one way or another - so full steam ahead for the economy and likely massive goverment investments to get the country moving.Staffline are well positioned for this.Best time to invest here is now i think

[farukequity] 11/11/2020 11:04

Good posts, I'm learning more about this business every day. Didn't know the manage payrolls weekly at this scale.Fair point re director holdings.The charmain has largest stake of them all, with around 130k shares. Derisory.Would like to see much more buying soon

[qsmeily456] 11/11/2020 11:02

Exactly.....if the Directors were so sure it was a multi bagger they'd have filled their boots in a non closed period and there's been loads or them.

VAT bill

Lockdowns

Unemployment rising

Companies going bust

The worst is yet to come

[ohojim] 11/11/2020 10:56

Agree with the smelly one about directors though, example being....

Richard Thomson, Non Executive Director, bought 16,722 shares in the company on the 23rd September 2020 at a price of 0.298000p. The Director now holds 42,579 shares.

Even I am more committed than he is.

[raggedsoldier] 11/11/2020 10:54

I don't know about the debt but Staffline pay the workers and invoice customers weekly. The complexity and relentless deadlines are one of the reasons that they've historically struggled with compliance. It is (or was) the largest weekly payroll in the country.

[dealy] 11/11/2020 10:51

Great Post Just to add: the vast majority of the debt is just Factoring to bridge the time between customers paying their invoices and Staffline paying the workers on the 25th of the month by law.

[farukequity] 11/11/2020 10:40

good to see opposing views, that's what makes the market.Personally, I've invested in size this week.This is a large, established business in one the largest recruitment markets in Europe. They have huge client base, new experienced management and and are winning/renewing contracts with large retailers and goverment.All for £18M...Are you kidding me?Share price is rock bottom due to past failures and remaining debt. But they are not clearly not going bust and once the remaining sellers are cleared (1-2 trading days at current daily volumes?) there will be no one left to sell and I'm betting on a proper loft-off

[john09] 11/11/2020 10:39

That was me. Ive an offshore account . Wanted some in that one too

[jimbarlow78] 11/11/2020 10:36

Thats a 200k buy split up. Someone is busy this week..