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STAF Staffline Group Plc

32.00
-2.00 (-5.88%)
19 Mar 2025 - Closed
Delayed by 15 minutes
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
  -2.00 -5.88% 32.00 2,411 16:40:33
Bid Price Offer Price High Price Low Price Open Price
32.00 33.90 32.00 32.00 32.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 942.8M -11M -0.0751 -4.26 49.79M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:40:33 UT 96 32.00 GBX

Staffline (STAF) Latest News (2)

Staffline (STAF) Discussions and Chat

Staffline Forums and Chat

Date Time Title Posts
18/3/202507:29Staffline Recruitment16,802
04/2/202522:21Staffline group PLC - recapitalised4,357
18/1/202413:31Staffline from 20p 7,104
03/8/202322:51Staffline 2019393
09/3/202118:26COME AND JOIN KOMMANDANT ANT FUCKOROBIC PARTY @ STAFF 100P78

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Staffline (STAF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:40:3332.009630.72UT
13:19:2733.14340112.68O
13:19:2732.10364116.83O
10:20:0332.83611200.60O
10:01:3632.831,000328.31O

Staffline (STAF) Top Chat Posts

Top Posts
Posted at 19/3/2025 08:20 by Staffline Daily Update
Staffline Group Plc is listed in the Management Consulting Svcs sector of the London Stock Exchange with ticker STAF. The last closing price for Staffline was 34p.
Staffline currently has 146,442,415 shares in issue. The market capitalisation of Staffline is £46,861,573.
Staffline has a price to earnings ratio (PE ratio) of -4.26.
This morning STAF shares opened at 32p
Posted at 14/3/2025 13:51 by sphere25
The buybacks are a huge positive zccax77.

If the buybacks weren't announced, this is down near 20p - bang near the lows along with the rest of the sector. That is how it was moving and sell offs have worsened out there.

This move is anomalous and it has priced in the premium for the buyback at these levels. The main big holder moving is clearly Gresham. It is a big positive that at least one of the other three haven't been at least trimming in size, considering the price move off the lows.

This market doesn't allow bullish moves or bullish moves to hold so we take what we can right now. The buyback is attempting to eat through the sellers just below 33p and now just above 33p to allow a break higher.

The first tranche can buy back 13 million shares at 32p and 12.6 million at 33p. Currently the buyback has acquired just under 5.5 million so a fair chunk of firepower still left on the first tranche.

It would be better if it was just these 100k blocks being bought. It could signal sellers getting exhausted (at these price points), with more firepower not utilised, and that then allows a break higher to the next level of sellers.

This was the expected flat lining and orderly market trades. They can just sit here and eat through as much of what is on offer from any sellers.

Just a waiting game to see how the trades keep hitting and how many bullets are left in the barrel before the second tranche is approved around the 21st May.

If the sellers do get exhausted for at least one break higher (it is too bearish a market to set the bar too high - sellers are everywhere and rule the roost), then the orders on the book will start leaping above 32.1p and through 33p on the bid and the ordinary trades will start moving those orders on the offer at 33.9p and 34p.

It is so quiet this order book, any big movements should be noticeable.

Hope this helps.

All imo
DYOR
Posted at 06/3/2025 10:48 by devonlad
Sphere25 completely agree, one of the worst small cap markets for a long time, it is a grind. Have picked up a few more STAF, underpinned really otherwise I wouldn't have touched it with a barge pole. Interesting that the other 250k from yesterday wasn't STAF then! I wonder if they will be in the market again today, could be a squeeze, have a bit of dry powder for some more if it does move.
Posted at 03/3/2025 15:08 by sphere25
No problem Devonlad.

This might be the level the market is comfortable with. It looks evenly balanced on the book here with a seller in size at 32.8p (8877) on the offer (61k buy has hit and the price hasn't moved) and some other sell orders at 33p including a 50k, but it is well matched on the other side with a 100k @31.6p and incremental orders to 32.6p on the bid.

Again, can't call this to the tenth of a penny - this can move on very little and so much going on macros wise out there in the market. Just forming a view, but it looks like the market is comfortable enough at these price points here to wait for the buyback price to catch up as it averages up each trading day.

If those big sellers had decided to sell, it stays well under 30p. This was looking weak under 25p and the sector is getting pummelled...down, down and more down. The market is hell bent on selling and driving prices to new lows so it is actually really positive that the big holders haven't stepped in sooner and allowed more of a premium for the buyback announcement.

Have to take whatever bullish we get.

It should really flatline soon, like it did on the previous buyback. Gives the sellers the chance to lob what they want and the company to not have to keep chasing and paying more than needed, in an orderly manner. Then we'll get a better feel for how much selling is to come.

The buyback is huge. I'm hoping it can grind higher as sellers get exhausted at each price point. It takes something huge like this to give prices a chance.

Let's see.

All imo
DYOR
Posted at 28/2/2025 16:32 by sphere25
I try and help answer the question on why the buyback hasn't started and the guy comes at you like a dog.

It is hard to say who is making moves here Devonlad. Someone is clearly trimming up here into the strength.

The price mechanics are as follows.

That first move on the day of the buyback was the premium or the bulk of the premium on the bullish news. Note the bearish stance of the market and how the buying then completely dried up through the day.

Also note in the afternoon, selling started to hit the book, but the buying just wasn't there or it would have gone alot higher, especially considering the liquidity of STAF shares.

That is the market saying: "Yes, we acknowledge the bullish news, but we are unsure about a bigger move"

Then the market had a think the next day...."What if the big holders aren't going to make substantial moves to sell down?". I had a look into that and noted how the big holders weren't making big moves, nor were they selling down, as per the post above.

Two were actually adding, which is partly why I had a go.

So the market was thinking..."If they aren't selling, we can bid this up alot more, noone will get in the way". And then you get this bigger spike up toward 34p.

But the price has overshot and run too far away from the buyback price, which is why the buyback hasn't started. The premium for this bearish market also looked overdone. So today they're bringing the price back down toward 31.2p currently from near 34p.

Some technicals at play there too with some profit taking. Nothing wrong in lobbing and taking profits into spikes. It is actually a good strategy in the smaller caps - traders market continues amongst the gloom.

To analyse this on a micro level is difficult. It is fluid and things can change by the minute or hour. But it is coming back and will find a level. The buyback terms will be going up by the day so it will find its natural level shortly.

No need to make any emergency type moves. It will find its level and settle down shortly. They can just mop up there and we can see if it can exhaust the sellers and break higher.

Clearly long term STAF holders don't want the price to run away too much so they can buy aload more at less of a premium. But it is nice when there is this massive supporting mechanism in the market. It gives more peace of mind to all market participants, regardless of how they manoevure in the market. It should really settle and grind higer, but let's just see when the big prints start hitting the book - to show where the bigger holders feel the right value is to sell at, in this bearish market.

EDIT: Oh and that is a rogue unrepresentative uncross in the closing auction on a share exchange of just 46 shares to cause a closing price at 32.8p. The VWAP is 31.47p with the congregation of buyers on the bid sat at 31p to reflect the true sell price today.

Have a nice weekend all.

All imo
DYOR
Posted at 27/2/2025 16:51 by sphere25
No problem Devonlad.

This has runaway quicker than expected. Nice to catch these spikes. The problem here is that the price has spiked too much! It has run away far beyond the terms of the buyback.

I think they will work off the line mentioning the maximum price payable at the 105 per cent of the average of the middle market quote for the prior five business days so the price needs to come back to that level so the buyback can begin.

Noted some people on other boards tracking that level, just updating it every day to see where the buyback price has moved to. It is pretty simple enough to do. So if they do keep taking some profit into this spike, it will find its support abit further down from here.

I'm just quickly typing this up before I have to leave the screen.

There are some notable observations here. Firstly, the way the price has moved does seem to confirm that the big holders here were just going to ride the cycle out. Clearly if the price does fall back abit from here and then grind higher through the buyback, it could then tempt some to cut as it is a big move from the lows.

The second thing of note is that this is what we should be expecting in terms of price moves once our forced fund redemptions clear, sentiment improves and there is some form of bullish spirits in congregation within the market. I suspect we will have alot of these STAF type sharp moves because the market is so one-sided that the sellers just won't be there at various price points, so you get vicious bounces off the bearish price points.

But for now, it is a complete and utter pile of dung out there in the smaller cap arena and it is a waiting game for most. I just sit there looking at most of the ones on my list thinking "If I buy that, I'm gonna lose money in the short term or it won't do nothing"....or "That might profit warn" so it is tough out there.

Long termers with maybe a 1-3 year time horizon could do well riding out all the gloom and downgrades from here. I'm short term so not for me, but we all move differently.

So yeah, an interesting example here for the market to pin some hope on, whenever this absolute dire small cap market does eventually turn.

For now, hopefully a few more of these distinctive situations pop up.

And I'm off ha

All imo
DYOR
Posted at 26/2/2025 09:44 by devonlad
Thanks for your thoughts Sphere25 as always. I have been adding, I just can't see where they are going to get 20% of the company from at these levels. Obviously the share price goes up and that percentage drops but even at double the prices, they might still struggle to get 10% unless an ii sells out. My guess is that will happen but the ii's know what is going on and would want a much higher price unless they are distressed sellers, just a musing, added quite a few as a special situation move imho.
Posted at 05/2/2025 08:16 by sphere25
You're not wrong :-)

"Staffline is too cheap, says Liberum

Recruitment firm Staffline (STAF) is ‘far too cheap’ given its growth potential, according to Liberum.

Analyst Joe Brent retained his ‘buy’ recommendation and target price of 52p on the stock. Staffline’s shares soared 28.7% to 24.2p on Tuesday on the back of a full-year 2024 update.

It indicated that earnings and net cash are both ahead of expectations ‘despite market concerns to the contrary’. This led Brent to increase his full-year earnings per share estimate by 10%, which he acknowledged was an impressive outcome, given the backdrop.

He said its Recruitment GB division is gaining market share ‘through deeper penetration of customers and new customers wins’, while Recruitment Ireland is ‘relatively stable’. Although Staffline’s PeoplePlus arm has seen delays he believes there is still a strong pipeline.

‘We maintain our “buy” recommendation and target price of 52p; a revised current year 2025 price-to-earnings of 6 times is far too cheap given the growth potential,’ added Brent."

There is so much cheap out there.

And cheap gets cheaper.

All about when that bullish turn happens.

Gloomy right now.

We're all waiting for some fireworks.

All imo
DYOR
Posted at 04/2/2025 10:27 by hamhamham1
Adjusted operating profits (£11.1m) to market capital (£33.7) gives a PE of 3.
And no net debt here.
Share buybacks reducing shares available on the market.
And increasing revenue and market share in a sector where others struggling (revenue up nearly 13% YoY, now topping £1bn!).

Last time I saw a PE of 3 was last year when when IAG (British Airways) was around that with approx £3bn operatng profit and a £9bn market cap.
Their share price has more than doubled from that point.

50p share price here, with a PE of 6 is still stupid cheap IMO.
Posted at 22/3/2024 14:09 by davebowler
Zeus-
Robust results Staffline’s FY23 results present a resilient trading performance throughout tough market conditions. FY23 Adj. EBIT of £10.3m is 2.0% ahead of the £10.1m we forecast and, impressively, is broadly in line with our original £10.4m estimate set over a year ago in January 2023, testament to the Group’s resilient model and strong cost control. The Temp recruitment business has renewed key contracts and gained market share, and, whilst Perm activity has been softer YOY, Staffline has outperformed the wider UK market. Continued trading resilience and strong cash generation reaffirms our view that Staffline’s shares are deeply undervalued.  FY23 results: Staffline’s FY23 results were well flagged in a trading update earlier in the year. Group revenue from continuing operations increased 1.1% to £938.2m, with Group gross profit 1.5% lower at £80.8m, driven by a change in mix as the Temp business took market share but there was weaker demand for the higher-margin Perm business. Group underlying EBIT declined 14.2% from £12.0m to £10.3m and conversion from GP to OP fell 1.9pp to 12.7%. However, these figures are broadly in line with our estimates set at the start of FY23 (EBIT: £10.4m), which we view as a robust performance considering prevailing market conditions and the poor performance of larger peers (see below). The reported figures include one-off costs for the closure of the in-person skills training business of PeoplePlus, including an £8.9m noncash goodwill impairment. A highlight of results was the strong net cash position of £3.8m (ex. IFRS 16 leases), which was £7.3m ahead of estimates prior to the trading update in January, despite £5m spent on share buybacks in FY23. The balance sheet strength facilitated a renegotiation its banking facilities on improved terms, expected to lower borrowing costs.  Labour market: The latest UK labour market data showed very slight signs of softening in measures such as the number of job vacancies and wage growth, but continued tightness through measures such as a low unemployment rate (3.9%). Although, by the ONS’s own admission, Labour Force Survey estimates should be treated with caution due to small sample sizes. We continue to think that there remains underlying strength in the labour market by historic standards and this indicates the potential for a sharp recovery for UK recruiters once confidence improves and labour market activity accelerates. In our view, Staffline is well placed to benefit from this recovery.  Staffline outperforms larger UK peers: Staffline’s results compare favourably versus the UK reporting segments of its large cap recruitment peers. Robert Walters’ FY23 results showed an 18% decrease in UK NFI (16% of the Group) and a -0.7% conversion rate from NFI to EBIT. PageGroup reported UK NFI down 16.4% in FY23 (12% of the Group) and a -2.2% conversion rate. This supports our long-held view that Staffline has a resilient, diversified business model that can outperform through downturns.  Forecasts: Encouragingly, Staffline has had a good start to FY24, with Temp recruitment hours up 5.5% in the first ten weeks and the pipeline for Perm at record levels in Ireland due to recent contract wins such as with the RoI’s Garda. Having adjusted forecasts for FY24 and FY25 earlier in the year (see 24 January research), we leave trading estimates unchanged today. EBIT in FY24 is expected be lower than FY23 due to several profitable PeoplePlus contracts that have now finished. However, there is a large (c. £310m) outstanding bid pipeline for PeoplePlus, which could have a positive impact on FY25 and future years if successful. FY26 estimates are introduced showing a sequential recovery in each division.  Valuation: Trading on 4.7x FY24 EV/EBIT, Staffline continues to be at a steep discount (46%) to the average of its UK recruitment, UK outsourcing, and international temporary staffing peers (8.8x average). With Staffline’s resilient, diversified business model and longstanding blue-chip client base, we think this discount is unjustified. The £5m spent on share buybacks during FY23 demonstrates the Group’s cash generative nature. We remain comfortable with our DCF valuation estimate of 52.5p per share, representing 94% upside to last night’s closing price.
Posted at 22/1/2024 12:34 by edukelis
Grant of Options under Long-Term Incentive Plan
July 2021 - 1,678,279 issued to 5 directors share price at the time was 60p
May 2022 - 2,899,725 shares issued to 5 directors, share price at the time was 50p
if that's not enough
February 2023 - 4,709,040 shares issued to 5 directors for long term Incentive plan, share price at the time was 38p
So as you can see, they were keep issuing themself bonuses for long term incentive plan if they achieve 50% of the Options awarded are subject to achieving earnings per share hurdles and 50% are subject to achieving EBITDA hurdles
Since 2021 share price have tripled down, and as the price goes down they keep issuing more shares to themselves...
How many shares they will issue to themselves this year as the share price is 25p, 6-7m more?
Staffline share price data is direct from the London Stock Exchange

Staffline Frequently Asked Questions (FAQ)

What is the current Staffline share price?
The current share price of Staffline is 32.00p
How many Staffline shares are in issue?
Staffline has 146,442,415 shares in issue
What is the market cap of Staffline?
The market capitalisation of Staffline is GBP 49.79M
What is the 1 year trading range for Staffline share price?
Staffline has traded in the range of 18.00p to 42.00p during the past year
What is the PE ratio of Staffline?
The price to earnings ratio of Staffline is -4.26
What is the cash to sales ratio of Staffline?
The cash to sales ratio of Staffline is 0.05
What is the reporting currency for Staffline?
Staffline reports financial results in GBP
What is the latest annual turnover for Staffline?
The latest annual turnover of Staffline is GBP 942.8M
What is the latest annual profit for Staffline?
The latest annual profit of Staffline is GBP -11M
What is the registered address of Staffline?
The registered address for Staffline is 19-20 THE TRIANGLE, NG2 BUSINESS PARK, NOTTINGHAM, NG2 1AE
What is the Staffline website address?
The website address for Staffline is www.stafflinegroupplc.co.uk
Which industry sector does Staffline operate in?
Staffline operates in the MANAGEMENT CONSULTING SVCS sector

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