Staffline Share Discussion Threads

[sentiment riles] 28/7/2021 13:59

Anyone know why not allowed to short it? What is the reason for that from brokers

[my retirement fund] 28/7/2021 13:57

Whats going on here then ?

[dealy] 28/7/2021 13:28

Interest rates are zero yet small companies pay 10% to borrow money. This is why debt financing is out and all equity financing (apart from some receivables financing) is in.Staffline have eliminated close to 10m per year in interest and arrangement fees by getting rid of debt

[john09] 28/7/2021 11:49

How do people read the cash position. It was a bit of a minestrone to me at 07.00!

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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.

[john09] 28/7/2021 11:48

You’re right Grip it was never to flip the shares

[john09] 28/7/2021 11:47

The original and best board welcomes all new members

[john09] 28/7/2021 11:46

How’s your new board working out for you Retirement? 🤣🤣

[gripfit] 28/7/2021 11:46

i personally dont think Henry Spain et al, are in it for a quick 2x their money,,, most investment companies want to 4x their cash.

[smartelly] 28/7/2021 11:45

HS cant add any now until the audited H1 results are posted, as per them being subject to the closed period rules. HRnet could have bought this company for about £40m not long ago! You snooze you lose Singaporeans.

[mike1981] 28/7/2021 11:38

Remember H2 is peak trading so expect even more positives! Not to mention covid rules eased now... spain will add more for sure having clear picture of company balance sheets!

[k0sh] 28/7/2021 11:25

"Yeah but they havent paid the VAT yet… its on monthly instalments"
That should be accounted for separately?
They have the money, just holding it for HMRC

[gripfit] 28/7/2021 11:13

at this rate you will be exiting soon jon?

[john09] 28/7/2021 11:11

There u go that’s more like it

[smartelly] 28/7/2021 11:07

AGM finished and Henry Spain now have a seat at the BoD table

[john09] 28/7/2021 11:06

Mid price should be 64p rn judging by the ask and bid 👍

[john09] 28/7/2021 11:04

Yeah but they havent paid the VAT yet… its on monthly instalments

[k0sh] 28/7/2021 11:03

H1 £39m with £21m in the bank?
This should be double the share price it is.

Gotta buy more!

[daveboy19] 28/7/2021 10:40

Yep, no go zone - ufn (probably forever.

[sentiment riles] 28/7/2021 10:36

was it a 12 inch or a 50 footer?

[gripfit] 28/7/2021 10:27

Rubbish drivel on this board …. Can’t believe it to be honest..