from that same report:
"The challenging economic conditions, impacting new business activity, are expected to persist throughout FY25."
It would almost be better if they didn't issue so many updates - as each one sends the share price down another notch! There was one on 19 March last year.
Up on share buyback today. |
Final results out:
Profits down, as flagged previously and seen with industry comparators, but in line with expectations. Final dividend cut to 9.2p per share, with overall dividend being 14.3p per share (or yield of c5.2%), still within the 2.5-3x dividend cover target area.
FY25 outlook remains "challenging"..... |
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: |
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 |
FY EPS 14-15p?Valuation still seems very rich? |
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: |
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: |
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: |
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: |
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: |
Article for interest. |
Spoke with the CFO on Thursday, so will add a write up for interest in the next few days. |
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: |
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. |
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. |
Results are as expected so expect little change to the SP |
Oh dearCondolences to S/hldrs |
Well this is an unexpected mess. Ffs |
FWIW, Ennismore highlight Sthree with their long thesis in their newsletter this month: |
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 |
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: |
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... |
£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! |
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: |
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. |
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