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STHR Sthree Plc

300.00
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Sthree Investors - STHR

Sthree Investors - STHR

Share Name Share Symbol Market Stock Type
Sthree Plc STHR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 300.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
300.00 300.00
more quote information »

Top Investor Posts

Top Posts
Posted at 25/4/2019 12:06 by thorpematt
Interesting AGM vote. I think that Owen Walker's FT article last month is most relevent here and I have posted a snippet frrom it here:-


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Some of the UK’s best-known fund managers now plan to vote against tarnished individuals on the other corporate boards on which they sit.

“We need to get a grip on the individuals who worked on these audits,” said the head of governance at one of the UK’s biggest fund managers.

“If you are an audit chair and a scandal happened on your watch, then it’s very difficult to say you were not involved.”

Several investment groups contacted by FTfm said they planned to target the chairs of audit committees at scandal-hit companies and then vote against them in their other corporate posts.

Some said they would identify the named audit partner at accounting firms that signed off problematic books and challenge their involvement in providing services to other companies.

“There is a lot of concern about the quality of audit,” said Mirza Baig, global head of governance at Aviva Investors, one of the fund groups taking a tougher stance.

Mr Baig said Aviva Investors would scrutinise audit chairs at companies such as Carillion, Interserve and Patisserie Valerie, which collapsed, as well as Metro Bank and the housebuilder Persimmon, which have drawn shareholder anger over governance failings.

Some directors have already quit after shareholder pressure.

Andrew Dougal, who had been audit committee chair at Carillion, stepped down last year as a non-executive director and audit chair at Victrex, the FTSE 250 plastics maker.

At Patisserie Valerie, the coffee chain that went into administration in January after suspected accounting fraud was discovered, audit chair Lee Ginsberg resigned last month. He has also left the board of travel company On the Beach Group and will step down in April as audit chair of Reach, the publisher of several UK national newspapers. Mr Ginsberg is still listed as being on the board of Softcat, the FTSE 250 IT company.

Interserve, the UK outsourcer, collapsed into administration this month. Anne Fahy, its audit committee chair, has the same role at three companies — Coats, the FTSE 250 textile maker; SThree, the recruiter, and Nyrstar, the Belgian metals group.

The Investment Association, the trade body, said audit quality would be a main issue in the forthcoming season of annual meetings.

“There is a role for investors in making sure companies are getting a high quality audit, by holding audit committees to account and making sure they are ensuring the auditor has done a good job,” said Andrew Ninian, director of stewardship and corporate governance at the IA.

Institutional Shareholder Services, the global proxy adviser, said last October that it planned to track and identify lead audit partners at UK companies with accounting scandals.


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Personally I don't see any point as aa sharholder in paying a salary to an auditing Director when clearly there is a track record in having failed to do so in the past. Natrurally it therefore makes no sense to vote to re-elect them.

I'd be interested in the thoughts of others PIs on this particular point.
Posted at 02/10/2015 08:57 by paleje
Featured as one of Investors Chronicle's Tips of the Week today.



EDIT - sorry forgot to paste their summary, cant pring whole article -

IC VIEW:
Subdued trading in the energy sector has been far outweighed by success in every other part of SThree's operations. Overall, gross profit grew 13 per cent during the third quarter. Consensus analyst forecasts had been for 2015 pre-tax profit of £36.7m, when SThree released its update in September. This would have represented a 53 per cent increase on 2014. However, management now expect pre-tax profit to surpass market expectations. The forward PE puts a low value on such strong growth and the dividend yield is a further lure. We think investors should buy SThree's high-growth prospects at a discounted price.

Last IC view: Buy, 380p, 13 Jul 2015
Posted at 12/3/2013 12:35 by cockneyrebel
Franklyn Templeton over 5% holding announced - the big yank investors buying up STHR while the muppet small investors sell out imo.

I think they know that when the US starts seeing job growth Europe follows 6 months down the line.

CR
Posted at 23/3/2009 10:23 by bullinachinashop3
Investors agree that SThree is just the job for Adecco
Market report
Robert Lindsay

It may not seem a good time to buy a British recruitment agency, with unemployment rising so fast, but talk that Adecco, the world's largest recruiter, is considering a bid for SThree is hard to discount.

Adecco's main business is placing blue collar staff but it has a €1 billion (£940 million) war chest that its chief executive wants to use for acquisitions to bolster its white collar business. Kean Marden, an analyst at Singer, believes that with sterling weak and the euro likely to fall soon, now is a good time to bid. Adecco could pay between 250p and 300p – up to £400 million – and meet its internal targets for growing value.

That should satisfy the hierarchy at SThree, who own 30 per cent. The shares, which were floated at 200p, added 1p to 181½p, having risen from 158p in six days.
Posted at 08/10/2007 08:37 by midasx
Good write up in the Financial Mail " Good buying opportunity for the more adventurous investor"

Shares almost halved since July !

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