Work Group Share Discussion Threads

[tara7] 30/4/2010 11:44

Well the company trust keeps buying.!!

[battlebus] 28/4/2010 22:42

Still buying this one Greece or not we will be going higher.

[tara7] 28/4/2010 22:41

If that 350,000 was director buying, hang on tight.!!

[battlebus] 12/4/2010 18:59

Think i will be adding more if we see another drop. Somebody keen to sell out as they took 12p what a rip if your can hold i think recovery will be solid by next results.

[battlebus] 06/4/2010 22:12

Talking of jobs i'm leaving my daytrading job to return to my previous career on the TORY election BATTLEBUS. Maybe we will win this time.

[battlebus] 30/3/2010 21:32

RECRUITMENT ON THE UP

The UK purchasing jobs market is set to gain buoyancy over the coming months as permanent posts open up across the country, recruiters have reported.

A market update by procurement recruitment consultancy Edbury Daley out this week said permanent vacancies have been rising steadily since the end of 2009.

Other recruiters agreed and said this is the result of both general optimism in the UK economy and greater confidence among candidates, who are now more willing to move jobs. Richard Silk, account director at procurement consultancy CIPS GPA, said that up to 50 per cent of candidates are reporting that conditions are looking better for jobseekers.

But while the permanent job market is improving, demand for interims has slowed, according to Jonathan Ross, director of specialist recruitment firm Butler Ross. "This is possibly as a result of companies looking to strengthen their core procurement capabilities for the long term," he told SM.

Edbury Daley director Andrew Daley agreed there had been a shift in focus. He said: "Cutting procurement staff during the recession is very short-sighted, but now people are starting to look forward again."

It is a turnaround from the situation just a few months ago when recruiters reported problems appointing the right talent, despite the market being flooded with candidates.



lots of sells recently could just be short sighted.

[battlebus] 17/3/2010 19:05

As long as there's not too many sellers i don't mind. More good news today with unemployment actually down even if it is by a small amount.

[gerryjames] 17/3/2010 11:14

I was only pulling his leg as M didn't get the "Is this listed" quip refering to the lack of trades on results day. No offence intended. Hope someone buys some before the interims though. Good luck.

[battlebus] 16/3/2010 18:47

Gerry why is this a sudden interest virtually all stocks are held in majority by "insiders".

[masurenguy] 16/3/2010 13:37

Well why don't you contact the directors and ask them !

[gerryjames] 16/3/2010 13:19

Thanks Masurengy.

"since a considerable proportion of these are held by insiders, John Moulton and a few institutions."

Why then is it Publicly listed?

[tara7] 16/3/2010 09:41

At this level, keep one eye open for a bid.

[masurenguy] 16/3/2010 09:33

gerryjames - 16 Mar'10 - 131: Is it the 16.7% spread then?

What exactly is your point regarding the spread ?

This is a small company (market cap circa £4.3m) with 26.5m shares in issue and fairly illiquid too since a considerable proportion of these are held by insiders, John Moulton and a few institutions. There have only been 50,000 shares traded in just 4 transactions over the past 3 weeks and, in spite of the results being issued this morning, there have been no Buys or Sells so far today. That is why there is such a wide spread !

[gerryjames] 16/3/2010 09:18

Thanks Masurenguy

Is it the 16.7% spread then?

[masurenguy] 16/3/2010 09:06

What !

Don't you think the above share charts give some kind of clue as to whether this is a publicly listed company !

[gerryjames] 16/3/2010 08:45

Does anyone know if this is a Publicly listed company?

[deswalker] 16/3/2010 07:52

Would have liked to have seen a slightly better second half but it is very difficult and probably premature to infer anything from that as the business does have some seasonality anyway.

The narrative is the most important and that reads pretty well (honest and cautiously optimistic). They must have learned a lot and be much leaner than before.

Forecasts look to be for a 2010 EBITDA of about 0.6 mill so with an EV currently below 3 mill it looks to be good value but not ultra-cheap. But one is obviously holding for the cyclical growth here.

It's a hold for me too.

[battlebus] 16/3/2010 07:41

Results as expected and i believe that fortunes are on the up. 2.3 million cash up by 700k in a recession, talent management in profit and trading for the first two months in line. They are still looking for aquisitions but will wait for further progress. Happy to hold and will be adding.

[masurenguy] 16/3/2010 07:12

RNS Number: 6204I
Work Group plc
16 March 2010

Preliminary results for the year ended 31 December 2009

Close to operating break even before exceptional items - loss of £0.1m
(2008 $1.1m profit)

· Cash at year end up 44% to £2.3m (2008: £1.6m)

· Net fee income of £10.2m (down 31% from 2008: £4.9m)

· Strong balance sheet and zero debt

The operating loss after exceptional costs relating to redundancies and property rationalisation of £0.6m was £0.7m (2008: £0.9m profit).

Commenting, Simon Howard, Executive Chairman said:

"In some ways 2009 was a year best forgotten, however we have come through its
ravages in pretty good shape and entered 2010 with a strong balance sheet and
debt-free. Part of our strength comes from the diverse nature of our business; so while the Communications division had a challenging year, Talent Management was profitable. Our challenge now is to return to growth across both divisions, capitalising on and growing our blue chip client base. The economy is clearly not out of the woods yet but we are excited about our plans for the future. In the first two months of the year, overall trading has been in line with expectations."

[battlebus] 15/3/2010 17:34

Looking good for tomorrow with lots of sells being absorbed and a sale today of 10000 getting 15.25p which wasn't available on Friday. The market expects break even so any less will mark us down but signs off recovery should see us back to 20p. No matter what tomorrow brings this will surely be higher in the months to come as the economy gains momentum.

[stemis] 15/3/2010 17:05

Indeed you are correct.

There doesn't seem to be an sort of forecast in the market for 2009, although we know that cash was over £2m at year end, which is up from £1.6m last year (£1.5m at the interim).

The company made a small loss before exceptionals in H1 so I'm hopng we can make it into the black for the full year, even if only by a small amount.

[tara7] 15/3/2010 15:41

Results out in the morning.

[battlebus] 11/3/2010 23:00

More confidence in the recruitment sector with a couple of non executive directors of Robert Walters buying shares today.looking forward to results on Tuesday.

[battlebus] 05/3/2010 18:35

Great news today from Micheal page that recruitment levels in certain areas like banking are taking off again lets hope that Work group are finding the same. Anyway growth in recruiting is very close.