Staffline Share Discussion Threads

[smartie6] 28/7/2021 09:01

Falling again.

Rinse and repeat.

[sentiment riles] 28/7/2021 09:00

Poor rackers

Let you all know, everywhere he arrives, it is a doom sign

MTRO 160p. now announcing losses of 130 million @ 98p

haha

[sentimental rules] 28/7/2021 08:59

you are an embarrasment riles

all day every day its just sad to see a daily implosion such as yours

[sentiment riles] 28/7/2021 08:54

Yesterday it was official on chinese stocks. Worst hit since 2008 in the US, and i think on A50 too

Many EU indices on that path

Nothing is cheap

You are lucky buys the shorters cant get this on today. What a value it would have been. Thought they would have allowed them in today for the sell off

[ny boy] 28/7/2021 08:50

Strong buy for recovery, Covid over in the UK, Bojo know she can’t come up with anymore BS “variants of concern” Bojo will open up international travel soon and end the uk entrapment.

Still away traveling effortlessly around the EU, they have certainly got their act together, which surprised me initially but dirt cheap air fares, fab hotel deals etc, never been a better time to travel, once in a lifetime opportunity, which will never be repeated. Get out and enjoy life, don’t let Covid rule, the vaccines work very well, still have to take the usual precautions but it’s well worth it

UK stocks are dirt cheap, watch out for M&A activity this autumn

[john09] 28/7/2021 08:48

RBG a nice “unlocking buy”

[fillipe] 28/7/2021 08:35

Today's RNS - that's more like it! Excellent update etc., and a strong view of the going forward.

f

[john09] 28/7/2021 08:29

Yep not a lot of volume atm. Spread ridiculous

Seen this before hope it doesnt peter out. Needs buyers. Think SCSW will tweet about it around 9.30

[busthief2] 28/7/2021 08:28

80p is breakout territory

[maryhopkins] 28/7/2021 08:25

78p close....

[mike1981] 28/7/2021 08:17

Happy with the update :) still some news after AGM and say hello to 80p soon

[john09] 28/7/2021 08:04

In auction I think

[walterhwhite] 28/7/2021 07:59

Opening up 5%

[dealy] 28/7/2021 07:56

US companies have been growing top line at 20% p.a. for 10 years. Not impossible for UK services companies to do the same

[grity] 28/7/2021 07:55

Cracking set of H1 numbers , H2 will
Be a corcker.

[smartelly] 28/7/2021 07:46

H2 will be even better, every household have been printed money and Xmas is gonna be shelves cleared galore, drafting emergency temp staff in. Brace yourselves ladies. Theres only 14% of stock that isnt owned by IIs, so when it moves, it moves. For balance that counts for when it falls.

[nw99] 28/7/2021 07:26

Trading has continued to be strong across the first six months of the year to 30 June 2021 and is ahead of expectations with all three of Staffline's core divisions delivering a solid performance in the first half. This, coupled with the benefits of the Group's cost reduction measures implemented in 2020, in addition to securing new higher margin business, continues to underpin Underlying operating profit growth.

[john09] 28/7/2021 07:24

I wouldn’t want to be on the sidelines after that !

[john09] 28/7/2021 07:23

H1 profit £39m
Revenue £451m

Trading is ahead of expectations

[john09] 28/7/2021 07:17

Ok maybe the trading update isn’t September lol

[growthinvestor2001] 28/7/2021 07:06

AGM Statement and H1 Trading Update

Staffline, the recruitment and training group, provides the following trading update for the six months ended 30 June 2021 ahead of its Annual General Meeting ("AGM") at 9.00am today. As noted in the Company's Notice of AGM announcement, shareholders will not be able to attend the meeting in person.

H1 Financial Highlights (on a Continuing and Pre-IFRS16 basis)(*)


H1 2021 H1 2020 Change
Revenue GBP450.7m GBP430.3m +4.7%
---------- ----------- ----------
Gross profit GBP39.0m GBP34.2m +14.0%
---------- ----------- ----------
Gross profit % 8.7% 7.9% +0.8%pts
---------- ----------- ----------
Net cash/(debt) GBP20.9m GBP(36.2)m +GBP57.1m
---------- ----------- ----------

(*) The figures are unaudited, provisional and will be published in mid-September

AGM Statement

At the meeting, Ian Lawson, Non-executive Chairman of Staffline, will make the following statement:

"Trading has continued to be strong across the first six months of the year to 30 June 2021 and is ahead of expectations with all three of Staffline's core divisions delivering a solid performance in the first half. This, coupled with the benefits of the Group's cost reduction measures implemented in 2020, in addition to securing new higher margin business, continues to underpin Underlying operating profit growth.

Revenue for H1 2021 is expected to be GBP450.7 million (H1 2020: GBP430.3 million), up 4.7% with Gross Profit expected to be GBP39.0 million (H1 2020: GBP34.2 million), up 14%, a significant improvement year-on-year and a positive trend in the gross margin.

The Group is expected to report a net cash position of GBP20.9m at 30 June 2021 (30 June 2020: net debt GBP(36.2) million). This is principally due to the net proceeds of the equity raise of GBP44.4m in June 2021, VAT payment relief of GBP40.7m still to be repaid, c. GBP15m of timing benefits which are expected to unwind and further improvements in trading cash flow and cash collection efficiency, which have generated an additional c.GBP10m. The equity and debt refinancing have transformed the Company's balance sheet and repositioned the Group for the medium term.

Recruitment GB performed strongly throughout the first half across food, logistics and e-commerce, with additional margin gains arising from new business wins in online food distribution and the effect of exiting legacy lower margin contracts. This was achieved despite challenges in the specialist driving division due to the widely reported acute labour shortages. Recruitment Ireland has delivered a strong six months, buoyed by good trading in its core Northern Ireland business alongside tight cost control and continued growth in the Republic of Ireland. Finally, the Group's PeoplePlus division also reported an excellent performance from its core 'employability' division, ensuring the business generated an Underlying operating profit for the first six months of the year compared to a loss in the comparable period in 2020.

Overall, the Board and management team are pleased with both the operational and financial performance for the six months to 30 June 2021. Whilst there remains economic uncertainty as we enter H2 2021 and ongoing headwinds relating to the pandemic, the Group has and will benefit from the loosening of lockdown restrictions across the UK and Ireland.

The Board remains confident in Staffline's robust operating model, and, coupled with the strengthening of its financial position in the first half of 2021, the Group remains well placed in the medium term."

[smartelly] 28/7/2021 07:05

Told you gripper

[john09] 27/7/2021 20:10

BREAKING NEWS

UK's daily Covid cases fall for SEVENTH day: Infections plummet 50% for biggest drop in months

[sentiment riles] 27/7/2021 19:57

A rise into a statement is rarely good

See how it pans out tomorrow