Sthree Share Discussion Threads

[tomps2] 12/12/2024 15:25

SThree (STEM) Trading Update - December 2024

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update.

Watch the video here:

Or listen to the podcast here:

[martinmc123] 12/12/2024 11:11

2*
SThree plc, a global specialist talent partner focused on roles in Science, Technology, Engineering and Mathematics, issues a soft trading update for the financial year ended 30 November 2024. The sector as a whole continues to struggle and STEM is no exception. Group net fees for the full year were down 9% YoY against the backdrop of ongoing challenging market conditions, with Contract down 7%, representing 84% of net fees...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/STEM/1086

[tsmith2] 12/12/2024 09:06

FY EPS 14-15p?Valuation still seems very rich?

[tomps2] 24/9/2024 10:52

SThree (STEM) FY24 Q3 Trading Update - September 2024

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update for Q3 Full Year 2024.

Watch the video here:

Or listen to the podcast here:

[tomps2] 23/7/2024 14:03

SThree (STEM) Investor Briefing: ECM Explained - July 2024

SThree CEO, Timo Lehne, CFO, Andy Beach, Chief Legal Officer, Kate Danson and Client Director, Rakesh Patel provide an overview of the group’s Employed Contractor Model (ECM) offering, outlining the demand for employed contractors, the details of providing the service, and the impact of the Technology Improvement Programme (TIP) on this segment of the business.

Watch the video here:

Or listen to the podcast here:

[tomps2] 23/7/2024 11:06

SThree (STEM) Half Year 2024 results presentation - July 2024

SThree CEO, Timo Lehne and CFO, Andrew Beach present half year results for the period ended 31 May 2024.

Watch the video here:

Or listen to the podcast here:

[tomps2] 18/6/2024 12:17

SThree (STEM) FY24 Half Year Trading Update - June 2024

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update for Half Year 2024.

Watch the video here:

Or listen to the podcast here:

[tomps2] 30/1/2024 14:23

SThree (STEM) Full Year 2023 results presentation - January 24

SThree CEO, Timo Lehne and CFO, Andrew Beach present full year results for the period ended 30 November 2023.

Watch the video here:

Or listen to the podcast here:

[hastings] 18/12/2023 10:17

Article for interest.

[hastings] 16/12/2023 08:30

Spoke with the CFO on Thursday, so will add a write up for interest in the next few days.

[tomps2] 14/12/2023 15:28

SThree (STEM) FY23 Full Year Trading update - December 23

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update for Full Year 2023.

Watch the video here:

Or listen to the podcast here:

[jimmywilson612] 14/12/2023 11:51

People who have commented on unexpected mess etc - can you provide more detail in terms of your analysis?

Market Cap of £564M , Net Cash of £83M, Trading inline with expectations (Current consensus PBT expectation is GBP71.3m for FY23).

Feel like recruiters will always be trading on low P/Es due to risk / nature of the business.

Feel like the current shareprice, when considering adding £20M in cash for the FY, generating healthy profit with a good geographic mix and can respond to changing demands of the market (Perm VS temp), Yielding close to 4% is fine to continue to be a holder in.

[kirkie001] 14/12/2023 10:27

Haven't looked in detail yet or compared to previous trading updates, but given the share price is actually fractionally up, it seems to be what the market was expecting.

[villarich] 14/12/2023 08:33

Results are as expected so expect little change to the SP

[scepticalinvestor] 14/12/2023 07:09

Oh dearCondolences to S/hldrs

[purplepelmets] 14/12/2023 07:07

Well this is an unexpected mess. Ffs

[jaknife] 10/12/2023 22:53

FWIW, Ennismore highlight Sthree with their long thesis in their newsletter this month:

[jimmywilson612] 21/9/2023 09:14

Kirkie,

I do agree with you up to a certain point.i don't see STEM as being too concentrated in one client, geographical location or sector. I like their broad offering which should neglect the fact to a certain point about stickabiliy, client relationship etc

[tomps2] 20/9/2023 10:23

SThree (STEM) FY23 Q3 Trading Update - September 23

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update for for Q3 FY23.

Watch the video here:

Or listen to the podcast here:

[kirkie001] 19/9/2023 17:14

The "risky" bit is you're buying the stickability of their people and their client relationships as much as you're buying the trends in the underlying economy...

... one might argue that's why it "looks" cheap.... - certainly part of my argument for being here...

[jimmywilson612] 19/9/2023 16:32

£83M Net Cash in a £500M Market Cap that is forecasted to generate £71M PBT this year.

Looks cheap to me but recruiters always do!

[tomps2] 25/7/2023 13:54

SThree (STEM) Half Year 2023 results presentation - July 23

SThree CEO, Timo Lehne and CFO, Andrew Beach present half-year results for the six months ended 31 May 2023. Resilient performance in H1 driven by their contract business.

Watch the video here:

Or listen to the podcast here:

[hedgehog 100] 25/7/2023 12:07

25/07/2023 07:00 UK Regulatory (RNS & others) SThree plc RESULTS FOR THE SIX MONTHS ENDED 31 MAY 2023 LSE:STEM Sthree Plc

"RESULTS FOR THE six monthsED 31 MAY 2023

Resilient performance in H1 driven by our contract business

SThree plc ('SThree' or the 'Group'), the only global pure-play specialist staffing business focused on roles in Science, Technology, Engineering and Mathematics (STEM), today announces its financial results for the six months ended 31 May 2023. ..."




The market seems to like STEM's interim results today: the share is up 13.5p so far today (3.87%), to 362.5p.

[hedgehog 100] 04/7/2023 12:38

A company that looks like a very appropriate bolt-on acquisition for STEM, which it could easily afford:-

Parity Group (PTY) 3.5p Market cap. £3.61M.





At just 3.5p, market cap. £3.61M. (103,075,633 shares in issue), PTY looks hugely undervalued.

Until the middle of June, its all-time closing low was 4.5p, but last week it closed at 3.25p for one day, before recovering slightly.


As regards a takeover value.

STEM's revenue last year was £1,639.4Bn., i.e. (coincidentally) 3.61 x its market cap.
And that's at a depressed share price that is down from 600p in 2021.

In comparison, PTY's 40.6M of revenue last year divided by 3.61 gives a value of £11.25M.

So even allowing for STEM's cash, and PTY's debt, a takeover value for PTY of c. £10M. or so looks quite reasonable, considering that tech takeovers generally demand a big premium.

Especially as PTY has considerable scarcity value as an acquisition target.

[tomps2] 22/6/2023 07:56

SThree (STEM) FY23 Half Year Trading update - June 2023

SThree CEO, Timo Lehne and CFO, Andrew Beach give a trading update for H1 2023. The group saw contract net fees up 3% YoY with growth across the majority of regions, as well as a strong balance sheet, with £72 million net cash.

Watch the video here:

Or listen to the podcast here: