Staffline Share Discussion Threads

[smartelly] 22/5/2021 08:41

This will be nearer to 50p than 60p by the end of next week looooool smelly if you did buy, you went too early.

[john09] 21/5/2021 22:36

Assume hes on the other board playing with his pals

[gripfit] 21/5/2021 22:25

Jim Barlow is quiet ?? Hope he’s not done himself in

[gripfit] 21/5/2021 22:21

When did u sell some Jon ?? What price did u get ??

[dealy] 21/5/2021 21:51

Recent high priced placings and IPOs have not helped the share prices of the companies involved. examples include Deliveroo, Plug Power and many other Nasdaq growth stocks. Placing the shares on the low side however (as in this case) is probably better for the share price because the new buyers feel good. The opposite results in a never ending overhang of desperate placement buyers praying for a return to break even

[boozey] 21/5/2021 21:23

So the placing today has cleared the elephant in the room. Whilst expected, a 50p price point is a hefty dilution but that is obviously what they felt the price should be to get the Placing away - which is greater than the entire market cap of Staffline at the time of announcement. Will subscribe for all my shares in the Open Offer.

[gutterhead] 21/5/2021 20:29

PE of 20 is very reasonable for the sector.
That’s what I’m using to get 280p tgt price.

[john09] 21/5/2021 20:21

Well you should have sold some then lol

[gripfit] 21/5/2021 20:07

ive nearly got as many of these than you johnny

[gripfit] 21/5/2021 20:06

im ecstatic that Alberto has filled his cornetto

[dealy] 21/5/2021 19:05

By the way, the 10m profit is based on just 1% Ebit margin. A more reasonable 2% gives 20m profit

[john09] 21/5/2021 19:02

15 more reasonable

[dealy] 21/5/2021 18:56

No legacy, good growth, 1% gilts. PE of 20 looks reasonable

[john09] 21/5/2021 18:21

Assumes the market wants to rate it at 20 x.

Not a guarantee at all that I’m afraid

[dealy] 21/5/2021 18:13

typo: 200m market cap

[dealy] 21/5/2021 18:12

The new debt free Staffline can make 10m net profit from now on (5m per year interest expense eliminated, no tax for a while due to tax loss cf) and it will grow rapidly. PE of 20 goes 20m market cap. Dividing by 156 m shares fully diluted gives 128p per share.So it doesn't really matter if you paid 70p or 50p. The shares are worth 128p

[john09] 21/5/2021 17:49

They may buy it now lol.

[john09] 21/5/2021 17:49

It’s better for them now! Re-capitalised. The Enterprise Value hasn’t changed with the fund raise. Ok it’ll change a bit