Staffline Share Discussion Threads

[gripfit] 28/5/2021 18:38

40p these soon,, its a low margin cash cow for the HMRC,,,, LOL ROFL...

[lefrene] 28/5/2021 12:18

Chrisan101, only in the right hands! This company was effectively bust just a few months ago, and has survived by the skin of it's teeth and passing the hat around again. It's a very thin margin game, and your customers are always wanting lower prices and jump ship whenever it suits them, knowing that they hold the whiphand.

As we have seen in the recent past with STAF that high turnover doesn't mean good profits, since the margins are thin and the taxes very high. It's the agency that is effectively the tax collector for the State. All that income tax, all that NI plus the employers NI, and then add the VAT. I discovered that 64% of my turnover was tax when I built up a 250 person agency. As STAF discovered once you get behind with the tax you can sink very quickly, it's only because they've been indulged by HMRC that this thing still functions.

This business has little or no unique assets in terms of patents, equipment or skills, there is no moat protecting it from a more efficient competitor coming along and taking the business from them. A McJobs with an App could likely emerge with the Amazon bloke behind it, driving down costs for the employers.

By all means try to turn a quick penny or two here, but this isn't imo an actual investment, it has no enduring substance.

[chrisan101] 28/5/2021 11:53

Taken up my options, it's been a great investment for long term gains. Having bought in the 20's. Recruitment industry is a can be a cashcow. Each to their own.

[smartelly] 28/5/2021 09:54

The company isn't debt free

[smartelly] 28/5/2021 09:03

Smelly is still hibernating and suicidal over buying too early last week loooooooool.

[gripfit] 28/5/2021 08:24

who in the right mind is going to buy for 50p and sell for less?? now the company is debt free??

[gripfit] 28/5/2021 07:38

You’ll be out at 55p

[smartelly] 28/5/2021 07:32

This is the floor isnt it biatches!! I have 100k @51p ffs FALL

[john09] 27/5/2021 16:54

I’m not . Hence , leave it for now I reckon

[gripfit] 27/5/2021 13:56

Don’t hold your breath

[john09] 27/5/2021 13:10

It’s dead for now . June / July let’s see and or let’s see if they get an RNS out before the deadline for shares

[gripfit] 27/5/2021 13:04

John ,, before u fuk off ,, give us your thoughts on dealys thoughts ,,,

[dealy] 27/5/2021 12:57

because a) they save 5m per year in interest and b) they are in a better position to win business and c) the fear of a placing is removed.

[john09] 27/5/2021 11:54

Thoughts are that its dead this for now I’m not investing any time in it as you can probably tell , busy with other stocks.

[gripfit] 27/5/2021 11:52

John ?? Thoughts ??

[gripfit] 27/5/2021 10:56

Why they worth £1 post funding ???

[smartelly] 27/5/2021 09:24

Your open offer shares won't be worth 6% more than the sp, by the time they're in issue they will be 50p anyway. You all got shafted so rather than lie to each other, direct your anger at the lord saviour Albert

[smartelly] 27/5/2021 09:16

Everyone is pumping in the other bb lol but you're O.O shares for 6% gain!? Nonsense, this share price will be 50p anyway when them shares are in issue

[dealy] 27/5/2021 08:37

If the shares are worth 100p post fund raising then buying at 50p or 54p make sense

[k0sh] 27/5/2021 08:21

For an immediate 6% gain minus costs? Go for it.

[gripfit] 27/5/2021 07:22

Not much of an incentive to buy at the offer price ... currently

[gripfit] 27/5/2021 07:10

Should I take the open offer ...... or can I use the cash elsewhere ?

[dealy] 27/5/2021 06:27

if money is needed for the modest open offer allocation it doesn't have to come from selling Staffline shares. It can come from other portfolio adjustments if necessary. It's only 13% being offered