Staffline Share Discussion Threads

[bc4] 21/5/2021 15:34

Placing over subscribed
("Staffline", the "Company" or the "Group")

Result of Placing and Subscription

Staffline (AIM: STAF), the recruitment and training group, is pleased to announce the successful completion of the Placing, which was oversubscribed, and Subscription announced earlier today by the Company.

A total of 87,249,500 new ordinary shares of 10 pence each (the "Placing Shares") have been placed at a price of 50 pence per share (the "Issue Price") to certain existing shareholders and new institutional investors.

[john09] 21/5/2021 15:13

DMA helps. I’m buying at the sell price

[john09] 21/5/2021 15:13

Now is the time to buy btw. I think one or two individuals on B Deck bought too early 😉

[maryhopkins] 21/5/2021 15:02

How are your imaginary shorts doing? Ps...88p close

[john09] 21/5/2021 15:00

Good day for tremor and reach today

[john09] 21/5/2021 14:59

The book is closed and the build is complete 😉

[john09] 21/5/2021 14:42

My broker has put an order in for my company in the book build . Let’s see how many 50 pence shares i can get 😉

[qsmeily456] 21/5/2021 14:18

Thousands gone from her to me 🤣💦💦💦7870;🥂cheers

⛷is bang on.....

97m mkt cap after dilution

Should be c340m

3 plus times current price....or £1.80

[smartelly] 21/5/2021 14:06

Noncey John who doesn't read this bb is having another nervous breakdown over this bb hahahahaha it's every Friday, I reckon he has a drink problem,, hope he gets help. Poor John has lost thousands this week

[typo56] 21/5/2021 14:02

Who do you short with? IG & co haven't been taking shorts on STAF for some time.

[dealy] 21/5/2021 14:00

But there is value for shareholders (on May 19th ) of 9p for 13% of that holding. not much but about 2% of yesterday's value

[qsmeily456] 21/5/2021 13:58

Whipper.....REALLY 🤣💦

gripfit

21 May '21 - 13:54 - 6009 of 6009

0  0 0

Obvs smelly had inside info ,,,

[owenski] 21/5/2021 13:57

Current M.cap 40m
Share issue 69m

New shares total 96m

Future shares in issue 165m
Market cap at current share price = >97m

In the past the M.cap was as high as 680m and a bit more.
It collapsed to a fiver which = M.cap of 340m

Business on a turnaround plan, most problems caused by Covid will recede, Government spending on trading very likely to benefit STAF.

Business currently back to profitability across its 3 divisions.

Fund raise quite a dilution but deals with debt and will fund business growth plans.

The business was valued at higher than 340m prior to problems and post fund raise will be valued at 97m

With this funding and current evidence of a return to profit and government pouring money into re-training, I'd suggest downside is factored in and possibility of at least 100% upside over time is not a stretch.

Chart looks like it's had a decent base for over a year and a half which supports a factored in limited downside.

[john09] 21/5/2021 13:57

I’m not sure the fact that theres a placing due required inside info lol

I’m sure he shorted them on a high in his virtual portfolio 🥱😉

[gripfit] 21/5/2021 13:54

Obvs smelly had inside info ,,,

[smartelly] 21/5/2021 13:51

Lol if John died

[typo56] 21/5/2021 13:50

The went ex-entitlement today, so anyone short last night will probably have a claim against them for the open offer shares. Not that the basic entitlement of 10 for 78 is going to hurt much.

[john09] 21/5/2021 13:33

Sorry just dealing with my 265,000 REACH
BRB

[john09] 21/5/2021 13:31

Actually I’m a corporate investor . I could do way more than my entitlement through the other scheme.

My entitlement is 92,308 shares . I’m holding 720,000 at the moment i had sold some 😉

[gripfit] 21/5/2021 13:29

john, you got your £75000 ready for your offer shares?? 10/every 78

[gbh2] 21/5/2021 13:23

Thank you.