Share Name Share Symbol Market Type Share ISIN Share Description
Staffline Group Plc LSE:STAF London Ordinary Share GB00B040L800 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 35.00 147,163 09:48:54
Bid Price Offer Price High Price Low Price Open Price
34.00 34.50 35.00 35.00 35.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 942.70 -0.10 1.00 35.0 58
Last Trade Time Trade Type Trade Size Trade Price Currency
09:56:54 O 58,953 34.00 GBX

Staffline (STAF) Latest News

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Date Time Title Posts
02/2/202310:37Staffline group PLC - recapitalised2,508
13/11/202218:10Staffline 2019372
11/8/202208:29Staffline from 20p 7,086
14/9/202115:31Staffline Recruitment16,697

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Staffline (STAF) Most Recent Trades

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Staffline (STAF) Top Chat Posts

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Posted at 02/2/2023 08:20 by Staffline Daily Update
Staffline Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker STAF. The last closing price for Staffline was 35p.
Staffline Group Plc has a 4 week average price of 31.50p and a 12 week average price of 31.50p.
The 1 year high share price is 68p while the 1 year low share price is currently 31.50p.
There are currently 164,753,217 shares in issue and the average daily traded volume is 361,952 shares. The market capitalisation of Staffline Group Plc is £57,663,625.95.
Posted at 26/1/2023 17:22 by tia01
They would have put this order in yesterday so the price would have been kept low to fill it. I could be totally wrong but the share price has held up so are we about to rise soon. No one knows but none of this is helping Long term shareholders.
Posted at 26/1/2023 15:53 by edukelis
funded by a loan... and later these shares will be issued to directors as a bonus for dragging the share price down lol
Posted at 24/1/2023 10:26 by hamhamham1
Underlying profits up 12.6% to £11.6m.
So this is trading at a PE of 5x, that could lead to a trebling of share price over time IMO, let's see.

Posted at 24/1/2023 07:47 by tia01
Market reaction will be interesting because given the rapid share price fall they expected the Armageddon.
The company has kept a tight rain on costs and demonstrates growth across the board. The fact is we are nearly 40% down from capital raise price and most investors who participated in capital raise under water. Dividends or a special dividend to reward investors would be nice as people want a return on capital investments in this environment given the share depreciation

Posted at 24/1/2023 07:34 by tia01
I personally think the results justify my thinking thinking that markets low share price has been overdone. Revenue increased and margins. Interest rates fixed should underpin profits.
I personally feel they did well in this environment and would hope people see the increasing positives.
I would like to hear what they say as regards dividends as any investor wants returns on capital invested to balance the risk and give an incentive given the huge share decline over the year.

Posted at 24/1/2023 07:12 by gripfit
Not brilliant…. But I would say most of the update should be factored in …I expect Spain/ hrnet to take advantage of the low share price.
Posted at 23/1/2023 21:58 by tia01
At 33p it’s not that far off all time low. Crazy for such a large organisation. Tomorrow will either make or break. I think they may surprise us. The share price is always worrying when it never rose in the run up.!
We need to get back to capital raise price of 50p ASAP

Posted at 21/1/2023 19:52 by casholaa
I'd have thought the share price would have tanked a bit on news of the investor presentation and then tanked again on the appointment of a joint broker. I'm wondering if we'd end up in a buyback situation or whether they are trying to increase share liquidity. There's nothing to suggest they are up for sale.
Posted at 09/10/2022 09:03 by tia01
I think we will get a early morning RNS and find out the buyer but would put money on Henry Spain. Any other buyer would signal more than one party interest in buying Staffline when a takeover tabled.
As to grippers price of 60p I think this is a reasonable prediction because it offers over a 50% rise above today’s price and 20% above the capital raise of 50p.
This would force Staffline to defend itself if it thought it undervalued the company. They would have present a convincing case to disgruntled shareholders who haven’t seen any returns on their money invested in Staffline so far. No Dividends and a low share price below capital share raise price may cause shareholders to take an offer in these markets.
Albert joining HRNET as a Non Director must be the clearest signal something is brewing up.

Posted at 08/8/2022 13:04 by napoleon 14th
Small Caos Life, 060822:

Staffline (STAF.L) - Interim Results
Revenue is down 2.8%, well over double digits in real terms. Is the wage inflation in the sectors Staffline serve somehow far lower than ever other temporary staffing sector? Or have volumes (hours worked) fallen significantly? Figures are for 21.4m hours versus 26.1m, a 18% fall which is indeed very significant. The risk is that hiding behind the commentary about weak markets is a loss of market share, which in turn could be due to some underlying competitive or service issue. They do remind us that "The strategic exit from a significant high volume, low margin contract during 2021 further reduced revenues." so there probably has been some loss of market share, but not something that will hopefully continue.

Gross margins at the core Recruitment GB unit are up to are up to 7.1% from 6.8% which is pretty impressive given the pass-though nature of the revenue. Falls in operating profits are put down to investment ahead of growth. And the implication is that their staff are costing them much more even if wages of the staff they place have not. These are a poor results at the interim stage and their excuse is basically that their markets are in a transitionary phase - sectors benefitting from covid (food, online distribution) have slowed while some of those hit (automotive, aerospace) are only just starting to recover.

The only really bright spot has been Recruitment Ireland which is focused on permanent recruitment. They were lucky not to be forced into selling this last year (or perhaps lucky no offers were forthcoming) and have consistently said it has a long runway ahead.

For such bad interim results the outlook is strong:

· The Group has made a solid start to the year and continues to trade in line with expectations

· Continued strong demand for white collar recruitment across the UK

· A strong pipeline of new business opportunities and a robust balance sheet underpins confidence in the second half of 2022

· The full year outlook is subject to any adverse changes in the current macroeconomic headwinds of inflation, the associated cost of living challenge and global supply chain issues

But as is often the case, there are two outlook statements and the above is the wrong one. No actually there are three. Here's the bit from the shareholder perspective which reads like a deferred profits warning:

The Group expects performance to be second half weighted, with an increase in revenues from business wins secured in H1 2022, expected returns from PeoplePlus' Restart contracts, and increased seasonal retail trading volumes in Q4. Accordingly, management remains confident that FY 2022 results will be in line with expectations.

Who doesn't love a Q4 weighting?

On cashflow, things initially look bad due to the repayment of deferred VAT. Negative movement in working capital is less than half the VAT repaid. So are they stretching working capital elsewhere?

The IMC presentation gave more details on financial position:

In those terms it looks very comfortable. Leo found the presentation arguments over why H2 will be better fairly convincing so while the Q4-weighting remains a risk, this may not be as bad as it first appears. This has proven a good trading share in the past, perhaps due to the takeover potential, and it doesn't seem overpriced on an EPS basis, if they do indeed meet targets.

Staffline share price data is direct from the London Stock Exchange
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